I can’t see the point in me having a practicing certificate. I know when I first started to apply for it, I was getting frustrated at what a long process it was, trying to update it, get everything signed, send everything off etc. When I got the certificate it really did feel like a sense of achievement but I am (fairly) happy doing work for others on a subcontract basis. I do a few tax returns, only two that I get paid for and I think my ATT certificate covers that so at the moment I really can’t see the point in having a practicing certificate. Continue reading “Practising Certificate”
Category: Being an accountant
I’m not 100% sure if nicheing is even a word but that is what I think I should be doing. I’ve been reading lots of posts and articles about how you should have a niche and then focus all your writing, work, if you have anything to sell on that. There’s also lots of lists about the things you could niche or sell online. So I’ve been thinking about what I could niche about in my blog and here’s my list:
My daughter has almost completed one week of school. With all the rushing around over the last week, making sure I had everything and trying out the school run in between work and then actually starting school, I haven’t had a chance to stop and think until today. The whole idea of her starting school still seems a bit surreal and I’ve been nostalgically looking through her baby photos and videos not wanting to believe she’s almost 5. She seems to have settled in well after the first few days of bawling her eyes out and saying she doesn’t want to go to school. Today, she still said she didn’t want to go but for the first time, there were no tears just lots of hugs and a promise from me to pick her up at 3. We did have to talk through this on the walk into school though. She asked me to pick her up at 2 but I had to explain that I couldn’t because school finishes at 3 so I will pick her up then. I feel happier that I can leave her without her being in tears.
I knew the school run would be long and tiring especially as I will be sitting in rush hour traffic but to be doing this for next 18 years or so is already filling me with dread. Since we didn’t get any of our catchment school, the school we are going to takes about 1 to 1.5 hours there and back which I will be doing twice a day FOREVER! I’m leaving early so that she gets to school on time but the journey back is full of traffic. Also, at the moment I’m walking her in and waiting for her to go in and stop crying and clinging to me. Hopefully once she settles in, I can cut out about 20 minutes but it is still a long trip. I’ve already started looking for houses near the school although we still haven’t decided what our long term plans are for moving houses and possibly schools.
We’ve already had homework and reading books which at the moment is fine and easy to do. I’m sure once we get into a routine everything will be all okay but at the moment I feel like I’m constantly running around, working and doing things til late into the night and then have to get up early to start the day and I miss sleep so much. Today, I had absolutely no motivation to do any work, mainly because I was tired but Wednesday is one of the only days where I get the whole day to myself – no kids, no husband so it should be a productive day. But I resisted it so much today and spent the day dreaming about not having to work for a living. I would watch day time TV while eating breakfast and lunch, go to a yoga class, maybe even have a nap, read a book and I would do a little bit of work if I got a bit bored. I’m dreading tomorrow when I will have to catch up on everything I avoided doing today.
Not really a motivational saying this week but just something to tie in with schools:
What I forgot to mention in the first post is how I came about blogging. For us geeky accountants, there is a specialist accounting website called AccountingWEB. I posted several blogs on there about how hard it was to be a good mum and still be an accountant and whether I wanted to work, stay at home, work full time, part time, for someone, for myself and all my whingeing got me noticed and promoted to a featured blogger!
When I first started blogging, I called myself novice blogger because I had no idea what I was doing. To be honest, I still don’t which is why I’m doing this blogging 101. When I got promoted to feature blogger on AccountingWEB, I got asked if I wanted to change my blog title and add a picture which I excitedly did.
However, as it’s an accounting website, I feel guilty blogging too much mummy stuff. It just doesn’t seem right and so I came over to here so I could blog about anything I wanted.
For ages I remained anonymous (I think) but with a little slip here and there, I don’t think I am anymore and I’m not sure if I mind too much. However, I still don’t have the guts to share my blog links on Facebook or Twitter or any social media websites.
I’ve been blogging for a while but I’m not very consistent. With it being a new year, I’ve decided to start again and see if I can come up with a topic to blog about.
If you have seen other posts on this blog, I’m a mum, an accountant and then there’s a section which doesn’t fit in to those categories. With it being the new year, I’ve also decided that I want to do another million and one things.
So firstly, I’ve been going Bikram yoga for a while and I’ve decided that I want to learn all the I can about each of the 26 postures we do. Not necessarily be able to do them perfectly but learn why we do each one and is benefits.
Secondly, I’m reading a book about wine and it’s so interesting and it makes me want to learn about wine. I’ve not really got a plan for that except read the book and do some of the things it asks you to do.
Thirdly, eat healthily and cook, juice, exercise more.
Fourthly, spend more quality time with my daughters. Play with them, read, do exercise, go out and teach them stuff.
Finally, and the most important, is to keep on top of tax and accounts and get up to speed on that and as I’m working for myself, get more clients.
So, this seems to have just turned into a new years resolutions list and it’s a day late so not a good start but I’m going to keep going and hopefully find something good to talk about (well blog about!).
This is a blog I posted on the website MotivatingMum UK about setting up in business.
So it’s mummy mentoring month and I want to give some advice based on what work I do. I am an accountant so the best sort of advice that I am disposed at giving is in doing your accounts and tax returns and complying with Companies House and the HMRC. Also, as I am starting off too, I’m in the best place to be giving advice on something I’ve only just started doing myself. So as an accountant, here are my top three tips:
1.Decide what type of business structure you want. There are three main types: sole trader, partnerships or limited companies.
There are pros and cons to all types. Sole traders and partnerships are generally good if you are just starting up and don’t plan to make much and are still unsure as to how your business is going to work out. These types of business have less admin costs and it’s only the tax compliance you need to worry about. A limited company is good if you have a long term plan and you know you are going to make a profit in the future. A limited company has more structure and in the long term there will be more tax benefits.
2.Once you’ve decided your business structure, you need to tell everyone. By this, I mean not just on Facebook, twitter and blogs and all your friends and family but you need to inform HMRC and Companies House.
If you are a sole trader or partnership, you need to let HMRC know that you will need a self-assessment tax return and that you will be paying class 2 tax as soon as you have registered. You will also need to take into account class 4 tax when you start making a profit.
If you are a limited company, you need to inform HMRC of self-assessment for yourself personally as a Director of the company and then for the company, you need to register for corporation tax, if you have a payroll, then payroll taxes and if you need or want to register for VAT. These are the main taxes for a company. You also need to register your company with Companies House.
3.Finally, you need to make sure you choose a good accountant. OK, so you’re thinking, here’s the sales pitch, surely I’m breaking the rules, but hear me out first. To start off with, especially if you are a sole trader, you may be able to do a lot of things by yourself, as there is a lot of information on the internet and to be honest, even the HMRC website and helpline is getting a lot better.
However, there will come a time when you either don’t have the time to do all the tax and accounts or it just starts getting a little complicated or you hear something at the school gate and wonder if it applies to you and wish you had someone with a little more knowledge to talk to, and that’s where accountants step in.
My advice when choosing an accountant is don’t always go for the cheapest one on the block, I’m sure the charges will pile up. As with everything, make sure you get on with them and can build up a good rapport and also see if they are honest with you and let you know where there limitations are and how they will deal with it.