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Leaving practice

Gem7321Gem7321 Experienced MentorDevonMAAT, AAT Licensed Accountant Posts: 1,438
I'm so sad :crying:

I've been offered the position of FC (SME)... fantastic salary... and I know it's the right decision to make for my family but I can't help thinking I'm not ready to leave practice yet. But needs must!

Has anyone successfully left practice to go to industry then subsequently returned to practice? I will continue to run my own small practice on the side so will still have to keep up to date with changing tax legislation but will this be enough should I decide to return to practice in the future? I doubt it but I'm being optimistic :001_smile:

Comments

  • readerreader Experienced Mentor MAAT, AAT Licensed Accountant Posts: 1,042
    Gem7321 wrote: »
    I'm so sad :crying:

    I've been offered the position of FC (SME)... fantastic salary... and I know it's the right decision to make for my family but I can't help thinking I'm not ready to leave practice yet. But needs must!

    Has anyone successfully left practice to go to industry then subsequently returned to practice? I will continue to run my own small practice on the side so will still have to keep up to date with changing tax legislation but will this be enough should I decide to return to practice in the future? I doubt it but I'm being optimistic :001_smile:

    Congrats

    (Just out of interest do you have any other quals other than aat? or loads of practise experience?)

    Re: moving from industry to practice, here's a good article on aweb about it:

    http://www.accountingweb.co.uk/article/any-answers-answered-moving-industry-practice/533087
  • jamesm96jamesm96 Experienced Mentor Registered Posts: 523
    Slightly off the mark of what you've asked, but we've actually just employed (in our practice) a manager who qualified in practice, but has spent the last 15 years or so in industry, if that's of any reassurance to you?

    And, congratulations! Don't dwell too much on the negative; this sounds like rather a good thing!
  • paulstaffordpaulstafford Feels At Home Registered Posts: 126
    Yes , I have and currently have a foot in both camps - p/t Finance Manager and p/t practice.
  • Gem7321Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    reader wrote: »
    (Just out of interest do you have any other quals other than aat? or loads of practise experience?)

    http://www.accountingweb.co.uk/article/any-answers-answered-moving-industry-practice/533087

    I've been working in practice since 2005 and AAT qualified in 2008.

    Thanks for the link.

    And thanks for your experiences everyone. I still feel disheartened but I'm not leaving for another 2 months yet so I have plenty of time to come to terms with the change of career but I feel a little happier knowing that it is possible to return to practice.

    Any more experiences welcome!
  • esimpsesimps Settling In Nicely Registered Posts: 15
    Working in industry can open a lot of doors and give you experience in work you might not get exposure to working in practice, so I think it's a good move.

    I'm confident you'll be able to return to work in a practice later on in your career if you wish to do so.
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    Sounds like a great opportunity, Gem - go for it!
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