Member Since: 16th Mar 2018
25th Sep 2020
DON'T DESPAIR and don't necessarily leave the profession without much serious consideration.
I moved 200 miles to take a job with the then Inland Revenue and after a few years passed the inspector's exam. A few weeks later my notice of transfer to London arrived. No thanks! I joined the profession at that stage working in the tax department of a then "Big 8" practice. I had wide experience but like all but one of the staff in that department no formal qualification. After a few years it became clear that I would not (would not be allowed to) make progress. It took some time but eventually I left to go into business with a chartered accountant friend. There were several changes in that business and then I discovered that as a founder member my face no longer fitted. I took all my clients and set up on my own. The BEST business decision that I ever made.
I know that your position is somewhat different. When are two situations ever the same? I am aware that a lack of letters after one's name can be a hindrance but it is not the end of the world. In semi-retirement, I like to think that I am living proof. My wife and I sold our practice but I continue to work part time. Willingly have I been prevailed upon by friends and acquaintances not to close my ledger nor to put down my quill. Eight years after the sale I am still accepting clients but now I have the luxury of being choosy. Joy!
DON'T DESPAIR! Take your time. Think it through. Good luck!
21st Jun 2019
Well said Marlinman!
Been there, done that, sold the business, looking after 20 ish small jobs now. Life is wonderful! Hope you reach that stage too!
8th Feb 2019
I hope that you don't actually run your practice like that, Philip. I certainly don't run mine that way. Invoice with the work.
17th Aug 2018
Disappointing attitude but typical of this sad country. Treat the workers like dirt. Only provide for them when forced. When oh when will we learn, understand and apply good working relationships? As a nation we are a disgrace.
23rd Apr 2018
Who wrote that headline? What does"snuck" mean. Who demeaned this excellent professional service in such a manner? Hang your head in shame accountingweb!
28th Mar 2018
Thanks, Janet, huge, huge help! Much appreciated!
19th Mar 2018
I remember the tax case very well especially because of the "beneficial" effect that it had for one of my firm's clients. At the time I was a partner in a small practice in south Manchester. Some time previously we had been approached by an acquaintance of one of my partners because he was having problems with his tax office over a claim to PPR relief. Eventually the Inspector agreed that relief was due.
When one of this client's friends found himself on the wrong side of the tax man he ended up with us to deal with matters. It was a classic case of the Inspector having obtained a piece of information and jumped to totally the wrong conclusion and not prepared to accept evidence to the contrary.
The same partner as before had been to at least one Commissioners meeting and was geared up for what was to be the final hearing where The Revenue would ram home there conclusions and demands. On the Wednesday the previously bumptious and stubborn Inspector telephoned most sheepishly almost begging to settle. We were happy to do so as it was clear that there was nothing in the case. It transpired that the Inspector found himself double booked. He was due in court on the same day, the Friday, to give evidence in Doddy's case and couldn't wriggle out. Justice? We certainly thought so and we enjoyed the irony.