February 6, 2023
4 mins

Do You Really Need an Accountant for Your Limited Company? 

When you set up a limited company, there is a lot of paperwork to manage—which can be overwhelming. As such, it’s only natural to wonder if you really need an accountant to help you keep everything in order. The short answer is that yes, an accountant can be very useful—but there are also certain scenarios where you may be able to get by without one. 

The Benefits of Hiring an Accountant 

Hiring an accountant for your limited company has numerous benefits. For starters, they will save you a significant amount of time when it comes to filing your accounts, taxes and keeping records of your finances. Accountants are also great at helping businesses stay on top of things like payroll and managing various deadlines throughout the year. Plus, since accountants are experts in financial matters, they can provide valuable advice on how to maximise profits and ensuring maximum efficiency. This alone can make it worth the cost invested in their services.

When You Don’t Need an Accountant 

That said, there are some situations where you may not need an accountant after all. If your business is relatively small and you don’t have any particularly complex financial arrangements or investments, then chances are you can submit accounts on Companies House- you will need the knowledge of how to pull a balance sheet together and ensuring it balances. You can also submit your tax return to HMRC but like all things HMRC it’s a painful process and you could waste lots of time in doing so. 


At the end of the day, whether or not you need an accountant for your limited company depends on various factors—such as the size and complexity of your business operations—and ultimately comes down to personal preference. If budget constraints are a concern, then managing your finances yourself or with basic accounting software might be enough; however, if money isn't much of a consideration and you want someone professional to take care of things like taxes and payroll for you, then hiring an accountant is probably the way to go! Ultimately it's up to each individual business owner to decide what works best for them.

How can Gravitate Accounting help?

If you decide you want an accountant we can offer you the full spectrum of services from digital bookkeeping through to VAT returns and accounts submission. We also pride ourselves on the added value services including outsource finance director services, management accounts, budgets and forecasting. 

So whether you’re a small business who needs a start up accountant through to scaling start up we will be here to support you!

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