For the smaller businesses and entrepreneurs, insidious accountancy costs can eat into sometimes already choppy profit margins. So, for many small businesses, it could make more sense to use a little elbow grease and try and get the accounts to HMRC without using expensive accountants.
If you do go it alone, there’s certainly no shortage of accountancy software available – or indeed debates as to what accountancy software to use, as this monster thread in UK Business Forums notes. Just a couple of the more familiar accountancy software brand names that you’re likely to encounter include Sage and QuickBooks.