We are a small practice consisting of myself as the qualified accountant and a trainee who is AAT qualified. We primarily work with small businesses producing Ltd company accounts, VAT returns, self-assessments etc
The business has grown steadily and we are now at a turnover of approx £140k. However there is only so much work I can pass down to the trainee and consequently I am feeling constantly under pressure and working (what I feel to be) really hard. I am unsure about whether to hire another member of staff as obviously this will reduce my profits significantly.
How does this compare with other similar sized practices? Am I just moaning about working hard or is it time I bit the bullet and hired additional qualified staff? I didn't train in practice (I studied CIMA) so don't have any experience of working at other accountancy practices to fall back on.......has anyone else been in a similar position?