Deciding whether you need an accountant depends on you, your business and how much time you have. If you find you are spending hours buried in accounts when you could be doing other things, it may be cost-effective to outsource your accounting. The benefit of hiring someone to help is that often you only pay for the services you use. What’s more, an accountant has a deeper understanding of legislation, requirements and book balancing than you will. The more your business grows, the more you are likely to find that an accountant is necessary to keep on top of your cash flow.