Yes, you can set up a limited company yourself by registering directly through the Companies House website without using a formation agent or solicitor. However, we recommend you have a professional on hand to help you with the limited company formation process.

An accountant is not legally required for the actual formation process of a limited company, as you can complete the registration yourself. But, it takes time to learn about limited company formations in the UK. This is why many business owners choose to use an accountant early on for valuable guidance on optimal share structures, tax planning and to help establish proper financial systems that will satisfy the more complex reporting requirements of limited companies.

While you are not legally required to have a business accountant, an accountant can help you save money by optimising tax strategies and prevent costly compliance errors. At Nexus Accounting, we can support you by freeing up your time to grow your business rather than trying to navigate complex financial regulations.

Bookkeeping involves recording daily financial transactions and maintaining basic financial records like receipts, invoices and bank statements. On the other hand, accounting builds on this foundation by analysing financial data, preparing formal statements, offering strategic business advice and ensuring tax compliance. Our comprehensive accounting package covers both bookkeeping and wider accounting services to ensure all your finances are handled under one roof.