Employment and MIP

Luci

I have been offered a part time employed position by one of my clients as the Finance Director with Voting rights at board meetings but no shareholding.

The company is below the audit threshold and to date i have prepared the accounts and corporation tax returns and Directors Self Assessment returns etc, they now wish for me to take a more active role and hence the job offer.

Can anyone tell me if there is anything stopping me from taking the position, i will still be running my practice.

I am registered as the agent with the Inland Revenue at the moment, do i need to inform the revenue that i am no longer acting as the agent or am i just acting as the agent but in a different way ie: as Finance Director rather than Accountant.

I would appreciate any response as i just want to make sure that it is acceptable for me to take this employment on whilst still running my practice.