So, Are Accountants Worth It? Or Can I Do It Myself
Managing your finances, whether as a business owner or an individual, can feel like a full-time job. With software and online tools becoming more accessible, it’s fair to ask: are accountants worth it? Or can I do it myself? The answer depends on your circumstances — but there are key differences between doing it yourself and hiring a professional.
What’s Involved in Doing It Yourself?
Handling your accounts independently means taking responsibility for everything, including:
- Tracking income and expenses
- Filing self-assessment or business tax returns
- Understanding and applying HMRC rules
- Staying up to date with deadlines and regulations
- Maintaining accurate records for bookkeeping
While some individuals are confident with numbers, even small errors or missed deadlines can lead to fines. Managing this yourself is possible, but it can be time-consuming and stressful — particularly if you’re already managing a business or juggling multiple income sources.
When Hiring an Accountant Makes Sense
Many people find that hiring an accountant saves time, reduces stress, and helps them avoid costly mistakes. Accountants offer more than number-crunching — they provide guidance, compliance checks, and advice on how to improve your financial position.
At TRW Accountants, we work with individuals and businesses who want professional support to stay organised and compliant with HMRC Income Tax and filing requirements.
Here’s where an accountant adds value:
- Tax efficiency – We help you claim all allowable expenses, use relevant reliefs, and avoid overpaying tax.
- Accuracy and compliance – With expert knowledge of current regulations, we make sure your records and submissions follow the rules.
- Time savings – Instead of spending hours on spreadsheets or tax software, you can focus on running your business or managing your workload.
- Peace of mind – You know your finances are in good hands, and everything is submitted on time.
What Can You Risk by Doing It Yourself?
Mistakes in your tax return or accounts can lead to penalties or unexpected bills. Missing key deadlines, not keeping proper records, or misunderstanding tax codes are common issues for those going it alone.
In contrast, working with local accountants gives you access to reliable advice that reduces risk and keeps you compliant.
How TRW Accountants Can Help
At TRW Accountants, we support individuals, sole traders, and businesses across Dover and Kent with practical, easy-to-understand accounting services. Whether you need help with bookkeeping, tax returns, or general accounting, we’re here to make it simple.
So, are accountants worth it? Or can I do it myself? If you want to save time, reduce risk, and have peace of mind that everything is in order, having a professional on your side is worth it.