I don't want to be an accountant anymore.
We see a lot of posts about people who are looking to take their first step on the ladder, but I'm afraid I'm quite desperate to get off! After a long period of illness (pneumonia) in which I forced myself to not work at all in order to recover properly (something I don't normally do and I am constantly ill as a result), I have taken a brutally honest look at my life and decided I am just not happy in my career. It's never come naturally to me and I have struggled every step of the way. Seven years down the line, I find myself with a very modest practice only just making enough money to scrape by, but just not enjoying it all. Previous to my career in practice I had a reasonably successful corporate career, which I very much enjoyed. I now have two children in infant school so I sincerely doubt I would be happy if I were to go back to industry even on a part time basis and I honestly feel I am completely unemployable as I have become accustomed to having complete control over where and when I work (the only part of being in practice I enjoy).
Unfortunately I cannot afford not to work and there are very few career paths that will afford me the level of income I have enjoyed, with the same level of freedom (I would say work life balance but having been pestered all hours of the day by clients, particularly at times when they are aware that I am trying to look after my children, ie school holidays etc this has definitely not been the case).
Is there some kind of accountancy rehabilitation program those leaving the profession can reintegrate with the rest of society? Is it feasible to expect to be able to sell my practice? And if not, what is the best way to wind it down without any detrimental effects on my clients? My GRF is approx £30k so I don't think it would be a terribly attractive prospect.
In summary, I feel completely burnt out. I have lots of creative (non accountancy) ideas that I would love to pursue, but can't drag myself out of my self-pity long enough to attack with any real enthusiasm. I would dearly love to be involved in the not for profit industry and I dream of having access to capital that would allow me to pursue an idea for educational resources to teach teenagers about money management in the real world in particular the dangers of debt (an issue close to my heart).
Sorry for the rambling and thank you in advance to anyone who can provide any advice or guidance. Even if it is to pull myself together and get on with it!!!
- Now Scotland has voted "No", when does England get to vote? 1,269 62
- Company expansion 60 1
- Do I need a 13digit tax ref for a ct600 359 6
- Treatment of goodwill in Consolidation 331 12
- WHAT IS THE BEST WAY TAX EFFICIENT WAY TO SELL 40% SHARES IN YOUR START UP BUSINESS FOR APPROXIMATELY 1 MILLION POUNDS 65 1
- Claiming depreciation on a company vehicle 116 6
- What code do you put expenses under such as tea & coffee? 138 3
- Pension Contributions Relief 483 15
- capital gains on PPR 211 11
- Is there an expert in Excel out there? 510 8
- Any Scottish members out there? 11,769 440
- 100% Xero practice 2,461 46
- Fees for Property Tax Return 223 6
- Can I calculate a total amount on my freelance tax relief? 145 1
- Separating business for VAT purposes 139 2
- Underpaid Tax Options on SE 286 9
- PRR 362 13
- 40% rule for travel expenses 398 11
- Cash injection by shareholder 312 7
- Private portion of costs and expenses in Accounts 435 20
- Raiders of the Lost Tax File 1,314
- Chartered Accountant in County Down N.Ireland 477
- National Insurance 369
- Non Resident 296
- Franchise income and costs 260
- Hands on experience of Digita 214
- Best way to take money from a business if you have unlimited EIS allowances? 192
- Employer's Helpline 165
- employment capital allowances 160
- CIS paid under reg 9 157