It depends on your business. If you are looking to turn your idea into a company you may need an accountant, but in some cases you might not. Contact us so that we can get more details about your business and advise you if you require Accountancy services or not. Strictly speaking no, you don't need to have an accountant for a Limited company.
However there is a requirement for a company to prepare financial statements and for tax purposes a requirement to maintain accounting records for six years from the end of the last company financial year they relate to.So unless you plan to do this yourself then you will need to employ someone to do this for you. A bookkeeper keeps your accounts or books up to date and records transactions for future reference.
This is a business process that can be handled in-house by hiring an in-house bookkeeper or using outside bookkeeping services like Armstrong & Co. If you ever find yourself asking "Do I need an accountant?" the answer is probably yes. Accountants can help you keep your finances in order and make sure you're doing everything correctly.
However there is a requirement for a company to prepare financial statements and for tax purposes a requirement to maintain accounting records for six years from the end of the last company financial year they relate to.So unless you plan to do this yourself then you will need to employ someone to do this for you. A bookkeeper keeps your accounts or books up to date and records transactions for future reference.
This is a business process that can be handled in-house by hiring an in-house bookkeeper or using outside bookkeeping services like Armstrong & Co. If you ever find yourself asking "Do I need an accountant?" the answer is probably yes. Accountants can help you keep your finances in order and make sure you're doing everything correctly.
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