An accountant is not required for either. However you will be better off with one.ltd company, but would be interesting to know if an accountant is required for both sole trader and ltd. Thanks
Anyone here completing their own tax returns? or is hiring an accountant key when starting a new business?
It takes about an hour to file them on that one site. HMRC then pass the accounts to companies house for you. I've done this myself for the past 2 years and saved around £1500 in accountant fee's.
IF you run a service based business this is very simple accounts. We do web design and we have very basic incomings and outgoings and few overheads. We do not have stock and have very few assets. In these cases an accountant is a cost rarely worth it - unless you get scared of book-keeping.