The Practical Guide to Limited Company Tax
If you have chosen to operate your business as a limited com...
By Jonathan London on 9th September 2015
The hectic pace of modern professional life is such that for a lot of people, an average workday consists of waking up, grafting for a certain number of hours, before clocking off with very little time for introspection.
In many ways, this kind of close focus on your day-to-day schedule can be a good thing, allowing you to tackle obstacles as they come instead of fixating on long-term variables. However, it’s equally important to take the blinkers off once in a while and make sure you’re still moving in the direction you want to travel.
If you find that this isn’t the case any more, it may be time to start thinking about looking for a career change. This can be an extremely daunting prospect for many, especially those who have been in the same job for most or all of their lives, as changing jobs can often lead to substantial professional and personal upheaval.
However, switching career can also be a hugely rewarding or even life-affirming move, potentially getting you from a job you dislike into one you can feel passionate and proud about. As such, it’s worth considering all your options carefully in order to come to the right decision.
For those working in full-time salaried roles, changing jobs can be tricky due to the need to give notice to your current employer, and ideally to have a new role lined up. That might mean switching to another salaried position at another company, going alone by pursuing a career as a freelancer, or even starting your own limited company.
For those who are already self-employed, you’ll have greater freedom in terms of when and how you change the way you work, but many of the key questions and challenges remain the same. Do you want to fulfil a different role in the same field – ie, switching from an advisory or oversight-based role to something more hands-on, or vice-versa? Or are you seeking a completely fresh start in a field you haven’t previously explored in a professional capacity?
If it’s the latter, that might well mean hitting the reset button on your career in a sense, putting you back at the bottom of a new ladder, with a commensurate decrease in status or pay. However, it may be that the ultimate rewards of making the switch – whether that be in terms of financial compensation or personal achievement – are worth taking that initial hit.
In order to make sure you come to the decision that is right for you, it’s important to consider a number of key questions to allow you to make the best possible choice of new career.
Our guide to choosing the right accounting software walks you through the market leaders to help you choose the right platform for your business
Take a look at our recent blogs below.
If you decided to take the plunge and be your own boss, one of the first decisions you’ll need to ...
Published: 6th August 2018
If you engage Boox to do your company’s VAT returns, you’ll be aware that we require your specif...
Published: 26th July 2018
It’s not just something cows do! MOO is the acronym for Mutuality of Obligation, which exists in e...
Published: 23rd July 2018
While it’s not a new problem, it certainly isn’t one that’s going away anytime soon. We’re t...
Published: 20th July 2018
HMRC are dogged in their efforts to recoup unpaid tax through schemes that they view as tax avoidanc...
Published: 18th July 2018
It is the time of year again when HMRC are sending out Self-Assessment Statements. These show all pe...
Published: 6th July 2018
To stay on the right side of HMRC’s expenses and benefits legislation, P11Ds need to filed by 6th ...
Published: 3rd July 2018
GDPR – the General Data Protection Regulation, comes into effect on 25th May and is the bigges...
Published: 24th May 2018
As a business owner, your time is way too precious to spend hours dealing with HMRC or Companies Hou...
Published: 14th May 2018
“Never do tomorrow what you can do today. Procrastination is the thief of time” Charles Dicken...
Published: 11th May 2018
Congratulations! The very fact you clicked this far shows you are considering employing staff, and t...
Published: 17th April 2018
If you need a little help to find the right accountancy service, don’t worry.
Thousands of contractors, freelancers and locums turn to Boox for help and advice with their limited company accounting. They love our personal service and app.
Specialist accounting for sole traders and the self employed, Boox combines easy online tools with expert support to take away the stress of handling your accounts.
Our combination of market-leading accounting software and expert personal advice gives you greater financial control and more time to grow your business.