Where can I find out more info about students wishing to set up as MIP?

Good Morning Folks


I am currently studying level 4 on the AAT and thinking about becoming self employed as a MIP>

Could anybody be kind enough to tell me - Where can I find out more info about students wishing to set up as MIP?

Thank You

Comments

  • MarieNoelle
    MarieNoelle Moderator, MAAT, AAT Licensed Accountant Posts: 1,369
    Hi geek84,
    Have you had a look at MyAAT?

    "Offering services as an AAT student member

    While you are studying for your AAT qualification, you can set up in practice.
    However, certain restrictions apply until you become a full member:

    you may not advertise in connection with AAT
    you must only do work within your competence and seek professional advice where necessary
    you must abide by the our Code of Professional Ethics
    you are strongly advised to take out professional indemnity insurance.
    Find out more about being a student in practice."
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Hi Marie

    Thanks for you reply.

    I did try & look in myaat before writing the post, but couldn't find it.

    Would you be kind enough to tell me where it is located?

    Thanks
  • Jo Clark
    Jo Clark Registered Posts: 2,525
    https://services.aat.org.uk/myaat/content/item1769/

    You will need to log on to your MyAAT account.
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Thanks Jo
  • maturestudent
    maturestudent Registered Posts: 4 New contributor ?
    Hi,
    I am in the same position, Level 4 hoping to be a MIP.

    I am going to an AAT seminar in May (London) which is a beginners guide to becoming an MIP. There seems to be a few of these seminars throughout the country. I booked my event through the aat website. Not too sure where you are in the country but it might be worth looking at this?

    Anyway, good luck.
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Thanks maturestudent.

    I've sent you a PM.
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Good morning Folks

    I'm trying to locate this MIP seminar that is supposed to be taking place in London in May (as stated by maturestudent, above). However, I can't find it. Could someone be kind enough to tell me the branch and date?

    Thanks in advance
  • Jo Clark
    Jo Clark Registered Posts: 2,525
    Manjinder

    Please bookmark/favourite this link http://www.aat.org.uk/news/aat-events

    You can use it to search for events in your area and further afield.

    I think the event you are looking for is the MIP Introduction Morning - London, being held on 11 May 2013 at the Holiday Inn London - Kensington Forum
    97 Cromwell Road, LONDON, , SW7 4DN, UK


    There are currently spaces available, the speaker is Mr John Lawrenson and the cost is £25.

    MIP Introduction morning - London


    AAT Website
    MIP Intro - London
    Details

    This course is aimed at members who are considering becoming Members in Practice. The speakers will cover the professional and practical requirements of becoming a MIP and delegates will also gain the confidence to take the step into self-employment.



    Course Outline:



    AAT's scheme for members in practice
    Applying to become a member in practice
    Methods of operation: advantages and disadvantages
    Guidance on practice start up and how to avoid common mistakes
    Setting up a business
    Sourcing finance
    Marketing, networking and winning new clients




    Steve Mercer – Self-employment for the terrified:



    A walk through the pleasures and pitfalls of setting up as a member in practice
    Learn from the mistakes of others
    Are you cut out to deal with being self-employed?
    What do you need to set up?
    Working from home or renting an office?
    What software will you need?
    Where can you get help and advice?




    John Lawrenson -Setting up your own practice

    Delegates will learn how to address the issues they face in setting up a practice in a structured and methodical fashion

    Delegates will be able to write a comprehensive Business Plan as well as structure and market their practice more professionally

    The main benefit that delegates will take away from the course will be to be more confident about the decision making process they should engage when thinking about setting up in practice

    Pre-Start Up Checks
    Writing a Business Plan
    Structure of a Business
    Sourcing Finance for a Business
    Marketing, Networking and Winning New Clients

    Schedule

    09.00 Registration

    09.30 Introductions

    09.35 The AAT’s scheme for members in practice

    10.05 Self-employment for the terrified – Steve Mercer

    10.50 Break tea/coffee and breakfast roll

    11.20 Starting your own business - John Lawrenson

    12.30 End
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Hi Jo

    Many thanks for that. I have now booked it.

    I was trying to find this event by going through the branch network link situated at the bottom of the first page when logging into myaat.

    Once again, many thanks.
  • dantray
    dantray Registered Posts: 72 ? ? ?
    Schedule

    09.00 Registration

    09.30 Introductions

    09.35 The AAT’s scheme for members in practice

    10.05 Self-employment for the terrified – Steve Mercer

    10.50 Break tea/coffee and breakfast roll

    11.20 Starting your own business - John Lawrenson

    12.30 End


    Is there a link where we can find out more information regarding the breakfast roll??
  • Jo Clark
    Jo Clark Registered Posts: 2,525
    dantray wrote: »
    Is there a link where we can find out more information regarding the breakfast roll??

    I don't think so - what do you need to know?
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Breakfast roll? Why do you need to know that?

    Anyway, the event was last Saturday.
  • Jo Clark
    Jo Clark Registered Posts: 2,525
    Did you attend Manjinder? If so, did you gain what you were hoping too from the event?
    ~ An investment in knowledge always pays the best interest ~
    Benjamin Franklin
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Yes, I attended. I gained an insight into the life of a MIP.

    Now I'm not too sure if I want to go down that route !!
  • dantray
    dantray Registered Posts: 72 ? ? ?
    geek84
    Breakfast roll? Why do you need to know that?

    Anyway, the event was last Saturday.

    No need really, I was hungry when I was reading the thread. I'm fine now.
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Oh I see what you mean, dantray.

    Are you a MIP or thinking of going down that route?
  • dantray
    dantray Registered Posts: 72 ? ? ?
    I run my practice in my spare time roughly 5-7 (give or take) hrs per week along side a full time job. have you considered doing it this way rather than taking the plunge?

    I'm in no rush to work full time as MIP. I don't advertise services and client base has grown very slowly, (but very surely), from word of mouth only. Which suits me fine for now!
  • shalinisharma
    shalinisharma Registered Posts: 25 Dedicated contributor ? ? ?
    Sponsor

    Greetings,

    I am Shalini staying in Cardiff.While exploring the career options in UK, I realized that a local skill training will be beneficial for me.

    I found ATT (Association of Taxation Technicians) quite fascinating.

    Though I am eligible and interested in the programme, still there is a major obstacle of finding a sponsor for me. Since me and my husband are new to UK, we don't know anyone who really meets the criterion of being my sponsor.

    Could you please assist / guide me in getting a sponsor?

    A favourable and quick response will help me register for the programme and can take the exams in
    this November.

    Thanks & Regards,
    Shalini





    My brief introduction
    ====================
    Post Graduate Diploma in Business Administration – Major Finance (2011)
    Worked for 3.5 years in an investment company in India
    Graduate in Commerce (2002)
    I can bring all original transcripts and meet you in person if either of you is OK to be my sponsor.


    Excerpt from the below link about sponsor is copy pasted for your reference
    =========================================================

    https://www.att.org.uk/students/prospective/att-student-registration?NRMODE=Published&NRNODEGUID=%7b23A7F0F0-BE9D-4B03-8D86-5D7B65770C78%7d&NRORIGINALURL=%2fstudents%2fprospective%2fatt-student-registration&NRCACHEHINT=NoModifyLoggedIn&time=635045489016053379

    Required Information
    Every application for student registration must be supported by a sponsor whose details the applicant is asked to supply during the registration process. Being a sponsor has no financial implications at all. The sponsor will be notified that the applicant has applied to register as an ATT student and asked to certify that: the applicant is personally known to them; the particulars given on the form of application are true and correct statements; and that they recommend the applicant to Council as a fit and proper person for registration as a student. The sponsor must any of:
    A member of The Association of Taxation Technicians, or The Chartered Institute of Taxation.
    A member of a recognised professional accountancy or legal body.
    An HMRC Senior Officer level or above.
    A member of the Society of Trust and Estate Practitioners.
    The applicant’s current or previous employer.
    The applicant’s business partner in a relevant occupation.
    The head of a secondary or higher education establishment which the applicant has recently attended, if the applicant is aged under 21.
    The ATT may accept other sponsors at its absolute discretion. As a rule family members are not acceptable sponsors. Sponsors details must also be provided by those applying to re-register as a student.
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Hi dantray

    Thanks for you reply.

    Yes, I was considering going down the MIP route once I complete my AAT, but after attending the open day a few weeks ago, it sounds a bit risky and a lot of money seems to be needed to set up.

    I have also dropped you a PM.
  • dbk
    dbk Registered Posts: 5 New contributor ?
    Hi there,

    Can you please explain why you feel it is a bit risky. I haven't been on one of these courses, but am looking at applying and am interested to hear other peoples opinions about it.

    Thanks
    Debbie
  • geek84
    geek84 MAAT Posts: 568 ? ? ?
    Hi

    By 'risky' I mean you got to spend some money to buy the initial 'stuff', such as computer, associated software packages and stationery etc. At the presentation I went to in London, I met a few people who had been trying to establish themselves as MIP for the last 6 months or so, but could not get clients. They all live around the London area.
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