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How do you keep on track and keep motivated? I think the answer lies in celebrating your achievements!

It’s always a juggle with time; there never seems to be enough of it! No matter how much you seem to plan things in, something always seems to get in the way. Creating a time management plan is always hailed as the answer – but is it realistic?

I’m a big believer that knowing yourself fully is an advantage in your business. You may feel some resistance when you delve into who you are but stick with it as you will find it beneficial so you can shape your life and business to suit you. You will reap the rewards in your business and home life.

When I set up my accountancy practice 18 years ago, I knew nothing about what I needed to do to be successful – it was all trial and error! I had worked in practice for 16 years prior to this, but when you set up on your own it’s completely different. You may have found this out yourself!

Making Tax Digital (MTD) came into effect from April 2019 for all VAT registered businesses trading over the VAT registration threshold of £85,000.

Some of us find it difficult to even think about retiring, let alone plan for it! But you need to do it and it’s best to start early if you can.

Over the last ten years or so I’ve seen the role of accountants change. You are no longer only there to make sure your client has hit all their deadlines. More is needed from you!
You are needed as an advisor. Clients fear making a mistake and you are there to support them. As a result, your charges should reflect that.

As we start the new tax year it feels like a new beginning. The longer days encourage us to be hopeful about the future. There’s never been a better time to plan what you are going to achieve in your career in accountancy over the next 12 months. You spend so much of your life in work that you need to be sure you are enjoying it!

A strategic plan helps you focus on the future for you and your business. What do you want to achieve? Until you know, there is no way you can work towards success. Therefore, you need a plan of action, a strategic plan to guide you on your way.

As we near the end of the 21/22 tax year it is a good idea to think about becoming more tax efficient, especially for higher rate taxpayers.  Having a plan now will affect both this tax year and future ones.