If you run a business, you're legally required to:
If you're a limited company, you also have to file accounts with the Registrar of Companies - see our guide on filing accounts with Companies House: dates and checklist.
You could decide to do some of this work yourself - but many businesses prefer to employ an accountant for at least some of it. For example, you might not have the time or necessary skills available in-house to do all the accounting work yourself. There is also a legal requirement to employ a qualified accountant for certain tasks.
In addition to basic accounting functions, many accountants also offer other services, such as start-up business and management systems advice.
0303 1234 500
Institute of Chartered Accountants in England and Wales