I have worked within finance and accounting roles for the last 10 years and only recently started my CIMA qualification, effectively to get the paperwork to say I have ticked the boxes. However, I have a couple of friends who are qualified accountants (ACCA), one who is FT employed and does some freelance accoutning on the side, and the other who is a FT freelancer accountant, and we were speaking about going into business together.
In short, we wanted to understand if there were any issues with setting up a bookkeeping/accounting business that provides accounting services to micro entities/small businesses, although I myself, do not hold a full qualificaiton. I would be running the day to day of the business, effectively a project manager, liasing with clients, doing bookkeeping work and then outsourcing the accounting work i.e. annual accounts/CT600 prep and filing to one of my friends. Over time, they would join the business, but they have other commitments in the near future which means they cannot do so at present.
Would love to get your thoughts and feedback on this business model and whether we would have any barriers as such.