Can I sign off month end and year end accounts?
H1234
Registered Posts: 4
I have a BA Hons degree in Accountancy and Finanial Management. I am trying to set up my own accounting business as I have two young children at primary school. I have got at least 10 years in accountancy from credit controll to working for a small company doing all aspects of accounting. I have also being doing tax returns for landlords for the past 6 years. Am I able to sign off month end and year end accounts?
All answers welcome and no offence taken
TIA
All answers welcome and no offence taken
TIA
0
Comments
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Hi @H1234
Anyone can sign off year end accounts if they wish to, and anyone can set up their own accountancy business.
Now if you are not regulated by an accountancy body you may wish to have adequate Professional Indemnity insurance and you will need to be supervised for Money Laundering by HMRC. Only you would know whether you have enough experience and whether you can keep up to date with tax and accounting standards. It may be an idea though to find work in a practice to have a bit more exposure to tax work.5 -
Hi Maire
Thank you for you help. I have registered with the HRMC Money Laundering Scheme. I also get regular emails from IFAS regarding changes to the IAS. I have worked in accountancy pracitices and for a small business.
I just need flexibility beacuse of Primary school aged children.
Thanks
Heather0
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