Member Since: 15th Feb 2008
7th Oct 2021
Go for it. I am retired now, but way back in 1982 at the age of 26, I took a strategic decision to leave practice (I was PA to partners in a 3-office rural practice) for a year or two to find out what working in industry was like.
I never went back, and thoroughly enjoyed making a real difference to the success of many businesses over the years. From engineering, manufacturing, retail, and financial services, to social housing and NHS, including more than 10 years as a business consultant on short-term assignments, I enjoyed the new challenges.
It’s not for all, but certainly worth trying.
30th Nov 2018
Anybody who has ever worked in a small firm will have encountered clients who may be brilliant builders/plumbers/surgeons/barristers/mechanics - great at their own profession - but absolutely rubbish at running a business. That's precisely why they need accountants to advise them on how to establish and run appropriate record-keeping systems.
Though it is dumbed down considerably, the guidance on gov.uk is actually not too bad. For most, it's simply RTFM !! - only they don't.
15th Feb 2013
Don't give it away
Your client proposal of £200 wouldn't cover 1 day of an accountant's time. Does his business trade in goods or services? If services, what does it charge per hour or day?
Is your time and expertise worth less than his?
12th Jan 2009
If the employer subjected the payment to tax, then they would also have suffered the cost of employers' NIC on the gross amount - so if this event did take place in the current tax year, it would be in their financial interest to correct the situation