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It's going to be more expensive than that to get accounts prepared, right?

• lbriner 5y ago
  For small company accounts in the UK, you can file them yourself. It is not completely easy depending on what you are doing but well within the ability of an engineer, as long as you are keeping the relevant receipts etc. For me, running a company was never expensive, just hassle like sending your annual update to Companies House and understanding the various overlapping communications from HMRC for tax.
  • alexchamberlain 5y ago
    Interesting - I thought all companies had to file electronically with tagged accounts - ie you need some level of an accountant.
    • ectopod 5y ago
      You can file them online yourself. https://www.gov.uk/file-your-company-accounts-and-tax-return https://www.gov.uk/file-your-company-accounts-and-tax-return
    • blibble 5y ago
      if you're a "micro" enterprise (turnover <£500k and fewer than 10 employees) you don't even need to produce a P&L, just a balance sheet it can be done entirely for free on the Government's Companies House site, which generates your accounts, the regulatory statements and also does your tax return takes me about 10 minutes a year, sending the figures to an accountant rather than punching them into the government's website would take longer