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Self Employed tax accountant need MAAT?

Do I need to be a MAAT and a Licensed AAT member to be a self employed Tax accountant.

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I'm currently studying AAT and will be doing the TAX modules. I'm wanting to be self employed and do tax for actors and crew in theatre. (i also work in theatre) I'm wondering if I need to become a full AAT Member and then a Licenced Member before I can become self employed.

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By Crouchy
02nd Jan 2021 13:14

why dont you ask the AAT??

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Replying to Crouchy:
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By paul.benny
02nd Jan 2021 13:43

...who will also be able to tell you about the other requirements on practising members, such as AML, PII, etc.

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Replying to Crouchy:
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By Jennichivers
02nd Jan 2021 22:37

I have done. They just haven't replied yet and won't for another week or so. I was hoping to get answers from people who have experience personally as well as AAT themselves.

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By memyself-eye
02nd Jan 2021 15:49

You can become self employed to do (almost) anything - including 'tax'
Whether you should is another matter.

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panda ketteringUK
By ketteringUK
02nd Jan 2021 18:46

Another one...
No experience and learning/training on real people.

1st primo - at least 3-5 years working in the practice getting to know all in and outs

2nd primo - without any experience you will be just cocking up clients tax and their money.

Finally - you should have read aat student rulebook and maybe didn't get around to professional ethics module.... It's l2 or l3 . Just forget about this ridiculous idea!

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By Kaylee100
02nd Jan 2021 18:53

Personally, I wouldn't give tax advice without a full high level qualification, preferably ACA or ACCA and complemented with experience and either CTA or in a firm where knowledge can be shared and checked. And PII.

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By Paul Crowley
02nd Jan 2021 19:43

If that is your dream?
Forget bothering with any qualification at all
It will take WAY to long to be fit to trade as a person fit to trade

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JCACE
By jcace
02nd Jan 2021 20:32

Well done Jenni for aspiring to self employment as a tax adviser. I am sure that as you proceed with your studies, you will realise that this is no small task. As a member of AAT, you will need more than "just" qualifications, as others have alluded to. But beyond PII, AML and CPD requirements, one of the most important things that will help you serve your potential clients the best, will be experience gained alongside others with more experience than you. I hope you seek and find a suitable position where you can learn from both studying and carrying out the kind of work that you would ultimately like to do on your own. But don't try and shortcut- take your time and you will find it all worth while. All the best to you.

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Replying to jcace:
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By Jennichivers
02nd Jan 2021 22:31

Thank you. I do realise I am on a long long road before I become self employed. I was just wondering if when I did, whether I'd need to be paying out money each year to AAT for MAAT and then Licenced memberships on top of the insurance and all that jazz. I am just trying to decide if it was worth me to keep wanting to be self-employed or with a company.

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Replying to Jennichivers:
panda ketteringUK
By ketteringUK
03rd Jan 2021 00:26

Any reputable employer would pay your membership fees each year or would assist in in your pathway to ACCA or ACA (for public practice that is).

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By uktaylor
21st Jan 2021 13:20

I am AAT qualified. Also a Member and licensed. I am unable to give tax advice as you have to prove your continuing professional development (CPD) in that line of work. It was not something I needed at the time so have not looked into it any further. If you want to complete tax returns you can do so. It is best practice you are licensed to do this and take out the necessary insurance and follow all guild lines ie AML, GDPR, Accounting Standards etc. Good Luck.

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