The rise of freelance and self-employed practices

Remember when climbing the corporate ladder was the only way to build a successful career in accounting? Times have changed. Today, more professionals are stepping off the traditional path and forging their own way — whether that’s through freelancing, consulting, or launching solo practices.

So, what’s fuelling this shift, and what does it mean for aspiring accountants?

A surge in self-employment among young accountants

Recent data from the Association of Accounting Technicians (AAT) reveals a significant uptick in self-employment among young accountants. Since 2018, the number of licensed accountants under 34 has skyrocketed by 755%, growing from 119 to 1,018.

This trend reflects a broader move towards flexibility and independence in the profession, challenging the traditional notion that only chartered accountants can successfully run their own firms.

Women leading the charge

Interestingly, this entrepreneurial wave is being led by women, who now represent 56% of AAT’s licensed accountants in 2025.

Isla Billett, Product Director at AAT, notes, “We’re seeing an increasing number of entrepreneurial individuals, particularly women, entering the profession with their sights set on the autonomy, flexibility, and career potential of running their own business.”

What’s driving the shift?

Several factors are contributing to this move towards self-employment:

• Desire for flexibility: Many professionals are seeking better work-life balance and control over their schedules.
• Technological advancements: Cloud computing and AI tools have made it easier to manage clients, finances, and operations from anywhere.
• Changing work dynamics: The pandemic has prompted a re-evaluation of traditional work structures, leading more individuals to consider self-employment.

Challenges to consider

While the move to self-employment offers numerous benefits, it’s not without its challenges:

• Economic uncertainty: High inflation and market volatility can make it difficult for new firms to establish themselves.
• Regulatory compliance: Navigating tax laws and compliance requirements can be complex for those new to running a business.
• Client acquisition: Building a client base from scratch requires marketing savvy and networking skills.

Preparing for success

For those considering this path, it’s essential to equip yourself with the right skills and knowledge. Understanding the latest accounting software, staying updated on tax regulations, and honing your business development abilities can make a significant difference.

Ready to take the leap?

Whether you’re just starting out or looking to enhance your skills, our courses can help you build a successful self-employed career. Explore our offerings today and take the first step towards professional independence. And don’t forget, you can try them all for free for seven days to make sure they’re right for you.