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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
late payment client invoice

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

July 16, 2025
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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xero freeagent accountant

Do you still need an accountant if you use FreeAgent or Xero?

July 16, 2025
Using FreeAgent or Xero for your accounts? Find out if you still need an accountant, what software can’t do, and how to get the best of both worlds.
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accountant mistake tax return

What happens if your accountant makes a mistake on your tax return?

July 16, 2025
If your accountant makes a mistake on your tax return, HMRC will hold you responsible. Here’s what to do, how to challenge penalties, and protect yourself.
Read More
tools equipment expenses

How to claim for equipment and tools as a sole trader – what HMRC allows

July 16, 2025
How to claim for laptops, tools, phones and other business equipment as a sole trader – including capital allowances and HMRC rules on personal use.
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switch accountants sole trader

How to switch accountants as a sole trader (without the stress)

July 16, 2025
How to switch accountants as a sole trader – what to check, how the process works, and tips for choosing the right new accountant.
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how much accountant self employed

How much should you pay for an accountant if you’re self-employed?

July 16, 2025
If you’ve reached the point where you’re thinking about hiring an accountant - whether that’s for ongoing support or just to sort out your tax return — one of the…
Read More
email a quote sole trader

How to write a quote email – template for sole traders and freelancers

July 15, 2025
How to respond to client enquiries with a clear quote. Includes a free email template for sole traders, freelancers and small business owners.
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bookkeeping sole trader

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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compare sole trader accountants

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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accounting software self employed

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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Clever Accounts

From £37.50 + VAT/month

Unlimited support, Self Assessment, VAT, MTD-ready.

Visit site
Vantage Accounting

From £49 + VAT/month

FreeAgent included, MTD-ready, Self Assessment.

Visit site
Brand new ByteStart guides
  • Accounting deadlines every self-employed person should know
  • Public liability insurance for sole traders (when you need it and when you don’t)
  • How to successfully start a small business in the evenings



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