MONDAY MORNING BLUES

Written by Richard Baldwyn ATT, CTA
January 28, 2014

I read an article the other day that said, according to research, 26% of employees feel dread and apprehension the day before they were due to go back to work after a day or weekend off.

What a sad state of affairs.

But do you know what’s worse? I don’t think it’s just employees who feel that way.

I’ve known business owners who’ve felt the same way – worn down by events in their business which they believed were beyond their control.

But do you know what? In nearly every case, the events were in their control and there was something they can do about it.

So if this sounds familiar, you need to do some tough love bro!

You’ll need to step back and take a long hard look at your business – and now isn’t the time to put on the rose coloured glasses.

Learn how to be your own consultant.

Think what a consultant would ask you and ask yourself the same questions – what are your business’s strengths, weaknesses, its opportunities as well as its obstacles.

Above all, be honest with yourself and ask yourself the hard questions. It’s only you who will lose out if you don’t.

And remember, it’s often the obvious questions which generate the best ideas and the best results…

…take it from someone with a degree in asking the obvious questions!

About the author

Richard Baldwyn ATT CTA

Richard is Co-Founder of The Friendly Accountants and has more than 30 years' experience in tax, including 3 years spent inside HMRC before moving into private practice. He advises individuals and owner-managed businesses on a wide range of UK tax issues, including the tax challenges created by digital platforms and online business models.

Richard has specialised in UK crypto taxation since 2016 and was one of the first UK tax advisers to write publicly about the taxation of cryptoassets. His work includes advising individuals, investors, founders and owner-managed businesses on complex crypto transactions, HMRC disclosures and enquiries, DeFi, NFTs and the tax issues facing businesses operating with digital assets.

He also has first-hand experience of cryptoassets and Web3 projects, combining practical knowledge of how crypto is used with wider UK tax experience.

He particularly enjoys making complex tax transactions easier to understand and helping clients apply tax rules to transactions and technologies that do not always fit neatly within traditional tax categories. More about Richard and the TFA team

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