I pride myself on being quite organised and a ‘together’ kind of person. However, I totally slipped up on my HMRC/Companies House duties. My thinking was that as I’m not selling anything yet and therefore not making any money, HMRC and Companies House don’t care about my business.i
INCORRECT MY FRIEND.
Once you register a company, it’s a matter of time before you’ll have to file certain documents and keep up to date with your HMRC and Companies House duties. Nothing makes me learn anything quicker than a penalty. So due to my negligence I have a few fines to pay now. The good news now is that it’s forced me to understand the process. I’ve also appointed an accountant to help me stay up to date and above board on all my responsibilities as a company director.
If I had to do it again I probably wouldn’t have incorporated Mummy’s Muse so early as the first year was a lot of research and the second year was a lot of set up.
I’m embarrassingly late to the game on this one. In the last few weeks, I’ve truly started to learn the value of ‘YouTube University’. What do I mean when I say YouTube University? I mean the fact that you can learn almost anything…on YouTube. Using Downtime to Upskill I’ve written a lot about this journey …
Vendor at trade show: Hi Me: Hi! Does your factory do digital printing? Vendor at trade show: Yes we do (friendly smile back). We only do sublimination printing. Me: Wonderful. (shoulders back, confident, ‘I mean business voice’) I’d like to print on 100% cotton at approximately x GSM. Can you help me with this? Vendor …
This was a big question for me. If you’ve read my previous blog posts you’ll know I registered Mummy’s Muse as a company back in 2017. I’ve always been sure that this would be an e-commerce business so I knew the website would be my very first shop front. It’s hard having high standards and …
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Get An Accountant…
…or get your head out of the sand.
I pride myself on being quite organised and a ‘together’ kind of person. However, I totally slipped up on my HMRC/Companies House duties. My thinking was that as I’m not selling anything yet and therefore not making any money, HMRC and Companies House don’t care about my business.i
INCORRECT MY FRIEND.
Once you register a company, it’s a matter of time before you’ll have to file certain documents and keep up to date with your HMRC and Companies House duties. Nothing makes me learn anything quicker than a penalty. So due to my negligence I have a few fines to pay now. The good news now is that it’s forced me to understand the process. I’ve also appointed an accountant to help me stay up to date and above board on all my responsibilities as a company director.
If I had to do it again I probably wouldn’t have incorporated Mummy’s Muse so early as the first year was a lot of research and the second year was a lot of set up.
One lives, (pays their fines) and learns.
Related Posts
YouTube University
I’m embarrassingly late to the game on this one. In the last few weeks, I’ve truly started to learn the value of ‘YouTube University’. What do I mean when I say YouTube University? I mean the fact that you can learn almost anything…on YouTube. Using Downtime to Upskill I’ve written a lot about this journey …
Knowledge Gaps
Vendor at trade show: Hi Me: Hi! Does your factory do digital printing? Vendor at trade show: Yes we do (friendly smile back). We only do sublimination printing. Me: Wonderful. (shoulders back, confident, ‘I mean business voice’) I’d like to print on 100% cotton at approximately x GSM. Can you help me with this? Vendor …
To Build Or Not To Build?
This was a big question for me. If you’ve read my previous blog posts you’ll know I registered Mummy’s Muse as a company back in 2017. I’ve always been sure that this would be an e-commerce business so I knew the website would be my very first shop front. It’s hard having high standards and …