Working for Myself

I have worked in Finance now for over 10 years, qualifying as an ACCA 3 years ago. I would really like to work for myself one day soon, but as I have always worked in industry rather than practice I do not have the necessary experience to apply for an ACCA practising certificate, which all ACCA members in practice must have. I have been applying for practice jobs for the last 3 years (since qualifying) but have had no success.
I am therefore left with 4 options:
1. Resign my ACCA membership and set up in Practice. I can still call myself an Accountant (as can anyone!!) but obviously I really don’t want to throw away all the hard work and sacrifice I spent studying for 5 years!
2. Resign my ACCA membership and join the AAT, their guidelines seem a lot less stringent!
3. Work within the ACCA guidelines, only doing basic bookkeeping etc.
4. Set up a Practice as a LTD company with my wife as Managing Director and employing me as an Accountant. Not sure if this would work but technically I would be an employee not a partner or director in an Accountants firm so I could continue to be an ACCA member but would not need a practising certificate (I think?).

Does anyone have any suggestions/advice particularly on the legal/ethical position of option 4 above? I really don’t want to give up my ACCA membership, nor do I want to mislead any clients. All I want to do is work for myself and give clients comfort that I am a qualified experienced accountant, who knows what he is doing, along with maintaining the recognition for all my hard work.

anon

Comments
There are 29 comments. Login or register to view them.

ACCA approved employer

nilesh_m |

ACCA approved employer

Anonymous |

OP Anon

nilesh_m |

not that strange

neutru |

Something strange

petersaxton |
petersaxton's picture

your experience

neutru |

Option 4 is a no no

Anonymous |

AAT option

Anonymous |

Don't do it

Anonymous |

no choice

Anonymous |

how o are you?

AnonymousUser |

There are too many anons!

Anonymous |

I agree with some of the earlier anon postings

AnonymousUser |

real life

AnonymousUser |

You CAN get a pc with ACCA

AnonymousUser |

You are not very helpful

pauljohnston |

ACCA

AnonymousUser |

It's not just about what you call yourself

Anonymous |

Thanks for comments

Anonymous |

You can do basic work

AnonymousUser |

You can do some basic work

AnonymousUser |

Thr reason for the rules

Anonymous |

Accounting qualifications

Anonymous |

Tempted

Anonymous |

ACCA working for myself with NO practising cert!

Anonymous |

Using your ACCA letters

Anonymous |

Substance over form...

AnonymousUser |

For Eric

Anonymous |

Acca Practising Certificate

jonock |