Running a small business in the UK is no small task. From managing customers and staff to staying on top of sales and cash flow, there’s already enough on your plate. When it comes to annual accounts, many small business owners ask themselves the same question:

👉 Do I really need an accountant to file Micro Entity Accounts, or can I just do it myself?

It’s a fair question — and the answer depends on more than just saving money. In this article, we’ll explore what Micro Entity Accounts are, whether you legally need an accountant to file them, and why working with a professional may still be the smartest decision for your business.

What Are Micro Entity Accounts?

Micro Entity Accounts are simplified financial statements designed for the UK’s smallest companies. They were introduced to reduce the admin burden on micro and small businesses.

As of 2025, your company qualifies as a micro entity if it meets at least two of the following:

• Annual turnover of £1 million or less

• Balance sheet total of £500,000 or less

• 10 or fewer employees

These accounts must still be filed with both Companies House and HMRC. But because they require less disclosure than full accounts, they’re often cheaper, quicker, and easier to prepare.

Can You File Micro Entity Accounts Yourself?

Legally, yes. The UK Micro-Entity Regime allows company directors to file accounts themselves without hiring an accountant.

On the surface, this can sound appealing:

• No accountant fees.

• You stay in control of the process.

• It looks simple if your accounts are straightforward.

But while it’s legally possible, doing it yourself comes with some serious risks. Let’s look closer.

The Risks of Filing Micro Entity Accounts Yourself

1. Director Liability

As a company director, you’re legally responsible for ensuring accounts are prepared accurately and compliantly. Any mistakes fall directly on your shoulders, not HMRC’s.

2. Dual Filing Obligations

You’re required to submit accounts to both Companies House and HMRC (corporation tax return). Each has its own rules and deadlines. Missing one or submitting incorrect details can lead to fines.

3. Penalties for Errors

Filing incorrect or late accounts can result in hefty penalties, reputational damage, and in severe cases, even prosecution.

4. Hidden Tax Inefficiencies

Without an accountant, you might miss out on allowances, reliefs, or legitimate deductions that could save you money on tax.

5. Time & Stress

Even simplified accounts take time to prepare correctly. For small business owners already juggling multiple roles, DIY filing can turn into a stressful, time-consuming distraction.

Why Using an Accountant Is the Smarter Choice

While it’s not mandatory to hire an accountant, the practical advantages of doing so outweigh the cost for most small businesses.

Here’s why:

• ✅ Time Savings – Focus on running your business while a professional handles the paperwork.

• ✅ Tax Efficiency – Make sure you’re claiming all allowable expenses and reliefs.

• ✅ Compliance Confidence – Guaranteed accuracy with Companies House & HMRC rules.

• ✅ Avoid Penalties – Lower your risk of mistakes and missed deadlines.

• ✅ Peace of Mind – Sleep easy knowing your accounts are handled by experts.

The Cost Comparison: DIY vs Professional Filing

In reality, the fixed cost of hiring an expert often works out cheaper than the potential risks of DIY filing.

Why Choose MicroEntityAccounts.co.uk?

At MicroEntityAccounts.co.uk, we specialise in helping the UK’s smallest companies file accounts quickly, affordably, and stress-free.

Here’s what’s included in our all-inclusive package:

• Fixed Price: £399 + VAT (no hidden fees)

• Preparation & filing of annual accounts with Companies House

• Filing of HMRC Corporation Tax Return

• Full compliance with FRS 105

• Dedicated support from small business experts

We take care of the entire process:

1. You share your info.

2. We prepare your accounts.

3. You review and approve.

4. We submit to HMRC & Companies House.

Simple, transparent, and stress-free.

Final Thoughts

So, do you need an accountant to file Micro Entity Accounts?

• Legally: No. You can file them yourself as a director.

• Practically: Yes, for most businesses, it’s the safer, smarter choice.

Hiring a professional means avoiding costly mistakes, staying compliant, and freeing up valuable time to focus on growing your business.