I am posting anonymously as I have not yet advised my clients about this. I intend to do so shortly.
Although I am almost 69 I am still enjoying my extremely part-time / lifestyle micro-practice (even in these strange times!). However, with MTD fot IT coming down the tracks in 2023 I have decided that the 2020/21 tax return cycle will be my last.
For the past 15 years or so I have not taken on any new clients (and shed a few awkward ones) in order to gradually reduce a previously full time practice to its current tiny size (approx 40 clients - average fee £400 - some more, some less). I suppose the downside of acting out the last few years of my working life exactly the way I wanted is that I no longer have a saleable practice. The remaining (mainly sole trading) clients are unlikely to be of interest to anyone else en bloc as (a) like me - they tend to be a bit long in the tooth with not many years trading left on the clock, and (b) there would be fee resistance as I am not VAT registered and probably don't charge enough anyway.
In any event I am not sure that I know enough about other practices in my area to be confident enough to accept responsibility for recommending one in particular. Instead, I will leave clients to make their own choice as to who they go to. As a consequence I will be faced with dealing with 40 professional clearances and requests for handover information over the next couple of years. But that's OK.
Just wondering if others with micro-practices expect to be in a similar position and, if so, how they intend to proceed?