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Accounts & Bookkeeping

Keeping on top of your accounts is a key part of running a small business.

In this section, you’ll find practical guides on recording expenses, tracking your income and expenditure, choosing the right accounting software, and keeping accurate records for self assessment time!

Whether you manage the accounts yourself or hire an accountant, understanding how accounts work will save you time, money, and stress.

  • Find the best self-employed accounting software
  • Compare sole trader accountants
  • What expenses can you claim as a sole trader

 

book keeping

Self-employed bookkeeping tips: stay organised and avoid HMRC trouble

July 2, 2025
Simple bookkeeping tips for sole traders. Stay organised, save time, and avoid HMRC issues with this practical guide for the self-employed.
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list of accountants small business

Compare Sole Trader Accountants – Monthly Fees & Features (2025)

June 27, 2025
On this page, we have added some links and details of sole trader accountants we have worked with for many years at ByteStart. Compare fees and features.
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online accounting software

What’s the best accounting software for the self employed (sole traders)?

June 26, 2025
Sole traders can choose from a host of online accounting software packages. These tools help manage your finances adn come packed with time-saving features.
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tax gap self employed

HMRC’s new ‘tax gap’ report – what it means if you’re self employed

June 23, 2025
In June 2025, HMRC published new figures on the UK’s tax gap, which show that self employed people are a key part of the story.
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making tax digitial income tax self employed

Making Tax Digital (MTD) for Income Tax – guide for the self-employed

February 4, 2025
With HMRC's Making Tax Digital (MTD) for Income Tax coming soon, the frequency of filing returns will increase quite dramatically for the self employed.
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sole trader business expenses

What business expenses can you claim as a sole trader?

January 9, 2025
As a sole trader, you can deduct many business costs from your income and pay less tax. But what counts as a legitimate business expense?
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quickbooks intuit accountant sme

UK SMEs that hire accountants report higher revenue and lower stress levels

November 19, 2024
An interesting new study shows that small firms that use accountants boost their revenues by 11.5% on average. They also report lower stress levels!
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work from home business expenses

Can you claim any household expenses if you run a business from home?

September 27, 2024
As more people choose to work from home, small business owners and startups frequently ask if they can reclaim any home office expenses.
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setting up accounts

Setting up accounts if you’re self-employed – a beginner’s guide

January 24, 2024
If you start a business as a sole trader, you need to set up an accounting system to record your income and expenses, and work out how much tax to pay.
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what is turnover

What is ‘turnover’ and how do you calculate it?

January 5, 2024
Turnover is one key indicator and profit another although the two are not be confused. Our quick guide will explain exactly what turnover is, why it matters, and how to differentiate it from profit.
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