Typical day ?
Options
John
Registered Posts: 52 Regular contributor ⭐
As a MIP could you tell me what a typical days work involves in the earlier days ? Do smaller companies and self employed actually want to see TB's, or is most of the work doing their accounts at the yr end, self assessments and VAT returns ? .... also do you enjoy it ?
0
Comments
-
In my experience, self-employed persons do not want to see TBs. They have their own jobs and rely on us to do ours without complicating things for them. And yes, I enjoy my job.0
-
99% of clients don't know what a TB is.
Most of them just want to know what their tax bill is.
Too few of them want to know what their profit was.
Even less want management accounts, and never really know how their business is doing day-to-day.
Typical day - dealing with HMRC paperwork, some accounts prep and tax work, lots of drinking tea. I could spend all day administrating the business now its really growing, and have to remind myself to actually do some fee-earning work!
I love my job. Or rather, I love running my own business. There is a difference.0 -
Very useful and thanks for the reply - how long did it take to get enough business to make a reasonable full time living ?0
-
Difficult to say.
Realistically I still don't make a lot of money:laugh:
Also I merged my practice with someone very similar not too long ago and he is excellent at bringing new business in. so our turnover is growing very quickly now compared to when I was on my own.
I started off being a bookkeeper and phased into being an accountant as my experience grew.
Hmm... *thinks*
My first full time self employed tax year was 04/05.
My first painful tax bill (read: half decent income) was for 06/07.
So 2 years really to get really going.0 -
Different for me because I only do this part-time. I have another self-employed job too. It took me about 4 or 5 years to get the right balance of clients I suppose.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 269 NEW! Qualifications 2022
- 148 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 44 AAT Level 3 Diploma in Accounting
- 65 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.3K General accounting discussion
- 195 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership