My wife is planning to set up her own practice at home, she is unqualified and she is not a member/student of any supervisory bodies.
She will be sole director and sole shareholder.
She is not expecting this to be a big business, at the moment, she is only expecting 3-5 clients through referral from friends.
im an ACCA member with a few years working in a practice. But I intend to stay in my current job and only help her out in weekends. Got a few questions here,
1. Can I help her with some of the work eg bookkeeping, VAT return, payroll, year end accounts (she will be the one signing off the accounts).
2. I might need to talk to her clients as I have more experience to discuss about bookkeeping, accounts etc. Does it cause any issue provided that I do not tell her clients that I'm an ACCA?
3. if she goes ahead with this plan, I understand that she will need to register with HMRC for MLA, get PI insurance, what else does she need to do in terms of legal side of things?