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.
On days like today, the first line of Lauryn Hill’s Ex-Factor plays over and over and over again in my mind. It could all be so simple; but you’d rather make it hard. Ms Lauryn Hill These are the days where it’s really hard doing two jobs…actually, let’s make that three to four jobs to …
I chose the image above for this Spring update. Let’s face it, in the UK, this is what most days in this last month of May have looked like. However, June is a few days away and it’s looking like the tide is turning. It’s well timed as the tide seems to be turning for …
Let me just lay it out simply at the start – bootstrap mentality can be absolutely exhausting. “This would be sooo much easier if I were FILTHY rich.” This phrase has run through my mind on more than one occasion – I’m not going to lie. A few weeks ago, I wrote about the challenge …
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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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Spring Update
I chose the image above for this Spring update. Let’s face it, in the UK, this is what most days in this last month of May have looked like. However, June is a few days away and it’s looking like the tide is turning. It’s well timed as the tide seems to be turning for …
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