As a self-employed childminder you will be required to submit your accounts to HMRC. You will need to manage your own Tax and National Insurance contributions, setting aside funds to pay the tax bill at the end of each financial year. We recommend you open a business account for your childminding business, paying yourself a salary and keeping funds in the business account for contingency, tax, NI contributions, training costs, resources etc.

Some childminders opt to employ and accountant, you can however manage the accounts yourself if you wish to, here you will find some tools and templates that will support you to do this.

If you require further support please seek advice from your Early Years Key Contact.