Re: Re(2): FN-FORUM Introduction

date posted 1st March 2000 20:09

> Is it worth hiring the services of an accountant or is it perfectly
> reasonable to do all that yourself?

Speaking from personal experience, do as much of your bookwork as possible
for as long as you can. Keep it simple, and up to date. (Don't leave it for
weeks on end) When your business grows to a point when it eats into your
more profitable, production time; you will have had the signal that it's
time to pay someone to do your book-keeping. Wouldn't advise taking on the
taxman though, get an accountant to do that bit.

I have been self employed before and was lucky to find a good, small
business accountant, who now also handles my Significant Other's tax
matters. (And will do mine again when I launch back into self employed
status very soon). I do her 'books' for her whereupon once a year I drop
them off for the accountant to translate those numbers into something the
taxman has to bow to ! :o) For £300 p.a. this seems a pretty good deal to
me.

Best of luck

Martin Woollatt
http://www.sumar.force9.co.uk/

My own skills revolve around Dreamweaver, HTML, Image manipulation, editing,
and just generally sticking m' nose in and organising. Oh how I dream to
understand PERL....soon :o)