I am a part qualified Cima and started last year a company providing business consultancy services. I have now received several requests to prepare and file sole trader and company accounts. I am happy to do this but I am conerned that it may not be allowed as I am a limited company. My object clause is a general clause. Additionally, is it also correct that I am not allowed to file my own accounts?
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Practising Certificate?
You are part qualified - that means under CIMA rules you can't practise as an accountant, whether as a limited company or a sole trader!
And...
You're probably not allowed to provide business consultancy either.You are part qualified - that means under CIMA rules you can't practise as an accountant, whether as a limited company or a sole trader!
However....
...if you gain a practising certificate then yes you can practise via a limited company...
Just out of interest,when and where do sole trader accounts have to be filed ? Perhaps your obvious lack of practice experience should also be taken into account - (ride 'em cowboy!)
CIMA MiP
I'm a CIMA MiP and I trade through a limited company
Remember if you go it alone and not through a CIMA MIP route you'll need to do your own MLR registration (I don't know how that works). Also I don't know how easy it will be to get PI insurance. Or at least PI insurance that will actually cover you if needed...
Round 'em up rawhide, whoo,. whoo!! and who cares about the public being misled into thinking they are dealing with someone who knows the first thing about self-assessment!!