Thinking of setting up on my own.
I qualified ACCA in feb this year.
I am AAT qualified, I gained my experience within industry and I also worked in practice when i first started out - however these were very junior roles.
I know I cant get a practising cert through ACCA yet because I need "practice" experience and post qual experience.
Would it be worth setting going AAT Member in practice? I am not bothered about auditing.
Am I right in saying that I would still be able to prepare Financial statements, provide management accounts, complete and submit SA tax returns and corp tax returns?
Thanks
Amy
Replies (7)
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Am I right in saying that I would still be able to prepare Financial statements, provide management accounts, complete and submit SA tax returns and corp tax returns?
Yes
Keep ACCA membership
The main thing you can't do is keep your ACCA membership. I am in the same boat and am currently having to make that decision. But I qualified almost 20 years ago and I think that makes it somewhat easier. If I had just qualified like you, it is probably a harder decision.
Audit.
Possibly some mortgage providers won't accept a reference from AAT, but they will be few and far between.
ACCA
If you intend to remain an ACCA member you will need an ACCA practicing cert, even though you might be able to get one with the AAT, the ACCA will require you to have one.
.
Also consider "am I competent to act?"
This is 100 times more important that the bit of paper you may or may not have on your wall.
The 3 years PQE is there for a very good reason.
Says the man with 3 years PQE (mainly in industry), in practice for over 10 years and still with gaps the size of blue whales in his tax knowledge (largely due to the PQE not being in practice)
Its lonely being on your own.