The answer to this is no however, there are many reasons why the vast majority of limited company owners do use accountants, instead of doing the books themselves.
The right accountant will save you time and money year after year.
If you are just starting up the accountant will take on the role of business advisor and this should continue throughout the growth of your business. They will be able to give advice on your business plan and the tax issues of registering a new business.
A good accountant will be able to:
• Complete and file the required legal and compliance documents for your business.
• Keep your company up to date with the latest tax laws.
• Prepare annual statements of accounts.
* Ensure the company meets all it’s accounting deadlines.
* Maintain records of directors and other administrative personnel.
* Handle your payroll and ensuring it meets the new RTI rules.
* Deal with all correspondence from HMRC and Companies House.
Tips for choosing an accountant:
* Ideally get a recommendation if you can.
* Choose an accountant that specialises in your industry.
* Meet with the accountant to ensure personality match.
* Pay your accountant on a monthly basis to help your cashflow.
* Expect the level of service to be related to what you pay.
* Ensure the accountant is a member of a professional association.
* If you are not happy then change your accountant.
If you require more information on the services we provide please contact Louise on 07835 164062.