Friday, March 7, 2014

do you have to be registered, to be an accountant?

do you have to be registered, to be an accountant?
i seem to have the knack for doing self assessments etc., and would like to help others. do i need to be registered? i would charge a small fee! for the past few years i have been doing my husbands accounts and every year we have had a very pleasing tax result. i would just like to help others (all above board i add!) i did start a home study course in basic book keeping. and i just enjoy doing them (sad!)
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
no, but you need a 4 yr college degree in accounting to be anything more than an accounting clerk (2 yr degree min for that) I don;t know what self-assessments has to do with accounting
Answer 2 :
Hiya this may help.... I am self-employed and i do accounts and book-keeping. I do work for both individuals and i also have companies/ accountancy practises that give me work. I have gained all my experience from a very successful accountant who has taught me everything i know. You don't need any specific qualifications to do what i do HOWEVER you obviously need to know what you are doing and prove that you know what you are doing. Keep going with the book-keeping course and then advertise for some VAT work or book-keeping work as there is a big difference between a book-keeper and an accountant. If you definately want to go down the accountancy route then do the AAT qualification. Most colleges offer this course and it is usually over 1-2 evenings per week for 3 years. Some colleges also do it for one day a week if this would suit you better. If you need anymore advice then feel free to add me as a friend and then contact me. Good luck!
Answer 3 :
No, you don't need to be registered to do bookkeeping or tax work, as long as you don't advertise yourself as a qualified accountant, of course. Technically, people you advise could sue you if you get it wrong, so professional indemnity insurance should be considered if you start doing a lot and/or start giving people tax planning advice. But just helping people with their tax returns (as I do) shouldn't cause you any grief, so carry on!

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