I have had the most draining of days today. I carry a practice certificate from the CPAA, although it does cover all of my CPD and also professional indemnity insurance, the main reason I have continued with the certificate is so that I can sign off the accountant certificate for mortgage applications. If the bank doesn't accept my qualification then there really hasn't been a problem as I have just forwarded a copy of the SA302.
Not sure how many people out there are aware, but as of September this year, HMRC no longer issue the SA302's. We can use the tax computation from our third party software along with the tax overview from HMR&C. It seems though, that some banks are not accepting this information if the application is for a company director and instead want signed accounts from a recognised accountant. I found out today that Virgin Money is one of those banks and have refused to accept the documents which I have sent to them. I am in the process of trying to find a suitable accountant who will sign this off for me, but at what cost? I am now rethinking whether I really should continue with my membership with CPAA. The frightening thing is what will happen once my client finds out that I can't sign off on this, no doubt there will be a level of uncertainty for him and possibly the loss of a client for me. Any suggestions would be most welcome please!!