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 haven’t written for two weeks now as I’ve felt like I’ve been surrounded by fog. Things are not clear at the moment – my mind feels a bit like the image above – mixed up play doh. For the first time in my living memory, so many of us are in the same position. …
It’s been two weeks since I’ve written. I’m still going through a phase where I’m struggling to find balance and spend my time in an optimal way – the quest for boundaries continues. However it’s fine, I’m here, I’m well and many positive things have happened. One of which is that I’ve found a Coach. …
I’m currently back in the design process. I’m working on new prints and colourways. Whoa..that’s great, but you haven’t even released your existing designs I hear you say. You’re correct. However this is one of the most time consuming, best and worst parts of this whole process. Nonetheless, it’s a part I care deeply about. …
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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.
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Powering Through the Fog
I haven’t written for two weeks now as I’ve felt like I’ve been surrounded by fog. Things are not clear at the moment – my mind feels a bit like the image above – mixed up play doh. For the first time in my living memory, so many of us are in the same position. …
The Coach Approach
It’s been two weeks since I’ve written. I’m still going through a phase where I’m struggling to find balance and spend my time in an optimal way – the quest for boundaries continues. However it’s fine, I’m here, I’m well and many positive things have happened. One of which is that I’ve found a Coach. …
New Designs Loading…
I’m currently back in the design process. I’m working on new prints and colourways. Whoa..that’s great, but you haven’t even released your existing designs I hear you say. You’re correct. However this is one of the most time consuming, best and worst parts of this whole process. Nonetheless, it’s a part I care deeply about. …