Should I go for chartered??

Suejw

Hi Everyone, I am just beginning my new self employment career. My question to you all is, how far are we able to go? I am AAT qualified, can I do all accounts for sole traders and partnerships? Should I go down the chartered route? Would it be a benefit? I am considering going for it would value some sound advice from others.

Jo Clark

Hello Sue

If you study with the ACCA, you are limited in what work you can undertake whilst studying. I don't have all the details as not following that route myself, however I am sure someone else will reply or a search of the forum will provide you with the answer.


JC

Suejw

thanks for that, what kind of work do you do?

Suejw

I have now searched for ACCA etc as suggested. I think that after reading some of the stuff on here, I would be better off just concentrating on business & forgetting ACCA or ACA, a lot of hassle and not a lot of point in my situation. I would still be interested to know what kind of work others of you undertake if you wouldn't mind sharing with me. Thanks

Jo Clark

Have you considered studying ATT?

Jo Clark

Have you considered studying for ATT?

deanshepherd

Being self-employed, the ACCA/ACA route was not available to me so I did ATT and then CTA.

I highly recommend ATT for any self-employed MIP.

Suejw

Thanks for the advice, I will have a look at that option, I suppose that is the one area all clients need you for isn't it?

jamesm96

Suejw wrote: »

can I do all accounts for sole traders and partnerships?

You can do whatever your MIP licence covers you for; which would require that you demonstrate to the AAT that you're sufficiently qualified / experienced when you apply for your licence. If you have experience / qualifications in accounts prep' and can satisfy AAT of those when you apply for your Practicing Licence then yeah, absolutely!

In fact, the AAT Practicing Licence can cover a great deal of areas. Mine even covers me for limited Assurance engagements and Charity Independant Examinations! I actually stopped studying ACA after I got PQ because my AAT licence covers me for literally everything that an ACA practicing certificate would have covered, with the exception of full stat' audits, which I have no desire to offer anyway.

I've heard very good things about ATT as Dean mentioned, and Monsoon has extolled their virtues in the past too as there's a great deal on at ATT syllabus which is missed at AAT. I've no experience of ATT though as the ACA's tax papers where robust enough.

If you want a career as an employee in a firm then that might be a different matter, but that's a subject for a whole other thread (and not a new one, either!)

Cheers,

Mike.