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Self-Employed ...but can I REALLY do it???!!!

1 reply

spikejack · 14/08/2012 01:48

Hi anyone that might be able to advise,

I have posted about this subject before but am having a crisis of confidence so am just 'checking-in' before I dive head-first into something!!

I have been working in Administration since I left school (around 18 years ago ....jeez, there's a wake-up call!) and have always loved 'being organised' or organising people (but not in a bossy way, you understand, strictly in a professional capacity!).

So, following the arrival of my DS's (now aged 4 and almost 7) I'm regularly having the "In September, when DS2 starts school, are you going to go back to work?" convo with DH. I've been working from home (for a ridiculously low monthly salary) for a National Charity (but in a local Branch) as Secretary for the past 5 years, so I've still had my foot in the 'Employment' door and on occasion, its been my one grown-up thing that I've managed to hold onto.
I've also been a Childminder for the past 3 years, which has now come to its natural end, as the Pre-School aged children I looked after are now about to start Reception (with my own DS2). I also did not enjoy Childminding at all. I did well enough in it and achieved a 'Good' grading from Ofsted but to be honest, I couldn't wait to finish.

So, as there is not a snowflakes chance of a substantial payrise in my Secretarial job, I'm thinking of becoming a Self-Employed Administrator from home. BUT, is that even a job? I've gone down the 'Book-Keeper' route and have a Computerised Book-Keeping qualification as well as a Business Management HNC and NVQ2 & 3 in Administration. So how can I apply this to being Self-Employed? Obviously I need to fit my work around a school day. I advertised as a Book-Keeper in my local village magazine as we have quite a few small businesses, but it seems that they all do their own 'books'. Accounts and Book-Keeping is something I can do (as I've ben doing it manually for my current job since I started there) but I don't 'love' it or have the confidence to set up solely doing that as a job. To what extent does a Book-Keeper manage a company's books? Its all a bit grey and I don't know what I should advertise as. I know this all sounds a bit pathetic but I'm really trying to get it right and don't want to advertise and come accross as a bit dithery when / if someone actually asks me for help. A lady did phone after one of my ads and asked if I could carry out her business year end / tax return. I've done it on a small scale, but God, I don't know how involved it would be for a large company, or if she just hands me a Tesco carrier full of receipts and says "sort that lot out"!!

HELLLPPPP!!!! (please)

OP posts:
MrAnchovy · 14/08/2012 04:17

Can you advise this lady on how best to arrange her affairs to ensure that she doesn't pay more tax than she is obliged to pay? Do you know the rules that apply to all of the expenses she is claiming? Or that might apply to expenses she ISN'T claiming but could do? Do you keep yourself up to date with changes in these rules that are made in each year's Finance Act - and even more frequently by judgements in court? What would you do if HMRC decided to investigate her tax affairs? Do you know what obligations there are under the Money Laundering Regulations?

If you can't answer all these questions, you should think carefully about what you are able to take on.

Take a look at the Institute of Certified Bookkeepers to see if this really is the way you want to go.

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