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Accounts & Expenses

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!

We also have extensive guidance on accounting for Making Tax Digital (MTD) changes, which take effect from April 2026.

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

  • Why accounting software is essential for MTD filing
  • Find the best self-employed accounting software
  • Do you need an accountant if you’re self-employed?
  • Compare sole trader accountants
  • How HMRC simplified expenses work
  • What expenses can you claim as a sole trader
software subscription sole trader expenses

Are software subscriptions tax deductible for sole traders?

March 7, 2026
Are software subscriptions tax deductible for sole traders? Explanation of the tax rules, examples, and how digital tools are treated in business accounts.
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late payment client invoice

What happens if a client doesn’t pay – what are your options?

March 4, 2026
Unpaid invoices? This guide explains what self-employed people can do when a client won’t pay — from chasing to legal action and recovery options.
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sole trader marketing expenses advertising

Are advertising and marketing expenses tax deductible for sole traders?

February 21, 2026
Sole traders can claim advertising and marketing expenses against their taxable profits if the costs are wholly and exclusively for business purposes.
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expenses bank charges interest self employed

Can sole traders claim bank charges and interest as expenses?

February 21, 2026
Can sole traders claim bank fees, overdraft and loan interest as expenses? What is allowable, what is not, and how to include costs in your tax return.
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self employed accounts

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

February 8, 2026
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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compare sole trader accountants

Compare Sole Trader Accountants – Monthly Fees & Features (2026)

February 1, 2026
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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accounting deadlines for sole traders

Accounting deadlines every self-employed person should know

January 27, 2026
Key tax and accounting deadlines for sole traders, including Self Assessment, MTD, VAT, payments on account, and more – with tips to avoid penalties.
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anna free mtd for income tax

ANNA Money offers free MTD Income Tax filings ahead of deadline

January 22, 2026
ByteStart partner ANNA Money has announced it will offer free MTD ITSA filings on a permanent basis, with no subscription fees or time limits.
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anna money

ANNA Money review: free business account with MTD filing tools

January 22, 2026
ANNA Money is an app-based business account for small companies and sole traders, offering a debit card and built-in Making Tax Digital (MTD) tools.
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card reader small business

Card readers and in-person payments for sole traders

January 17, 2026
A practical guide to card readers for sole traders, including how they work, what they cost, and when in-person card payments are useful.
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Clever Accounts

Sole Trader Accounts
From £50 + VAT/month

5/5 Google Rating, Self Assessment, VAT, MTD-ready. ByteStart partner

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Brand new ByteStart guides
  • Are software subscriptions tax deductible for sole traders?
  • What happens if a client doesn’t pay – what are your options?
  • MTD ITSA deadlines explained: when you need to submit and what to file
bright ideas sole trader accountant



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