ATT or CIMA

I've just completed Level 4 (pending the official result for my ISYS project) and can't decide what to do next. I always though I'd go on to do ACCA and had it all mapped out except when it came to it I discovered you cannot trade as an Accountant self-employed whilst studying ACCA (or even once you've completed unless you become a MIP which is dependent on you getting two years experience with an ACCA approved employer, which of course, there's no guarantee of!). So, professionally from an employed point of view (I work full-time and run my business outside of working hours to pay for my studies) CIMA is best, but from my business (and fun) point of view ATT seems the better option. I personally love Tax and all tax-related things! I'm thinking eventually I'll do both but can't decide which way round to do them. Help!

Comments

  • Clintm15Clintm15 Well-Known FarehamPosts: 207Registered
    If you are intending to only deal with tax on self-employed basis then ATT is perfect. CIMA being mainly management accounting wouldn't be the right fit.
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Alicia84Alicia84 Posts: 36Registered
    Unfortunately, I am also employed where CIMA is better as I deal with the management side of accounts and work in industry. It's just I enjoy tax more and obviously that would be better from a self-employed point of view lol
  • Clintm15Clintm15 Well-Known FarehamPosts: 207Registered
    Then unless you are planning a career change, definitely CIMA. :)
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • MickdundeeMickdundee LondonPosts: 236Registered
    edited October 10
    Clintm15 said:

    Then unless you are planning a career change, definitely CIMA. :)

    Unless they intend on quitting industry when the practice picks up.

    What do you want long term from your career, @Alicia84 ?

  • Clintm15Clintm15 Well-Known FarehamPosts: 207Registered


    Unless they intend on quitting industry when the practice picks up.

    That would qualify as the 'career change' I was referring to.
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Alicia84Alicia84 Posts: 36Registered
    I want to do both! Obviously, long-term I would LOVE to be completely self-employed but being realistic, I would never be able to earn what I could working in industry and having my practice as an additional job.
  • Clintm15Clintm15 Well-Known FarehamPosts: 207Registered
    Alicia84 said:

    I want to do both! Obviously, long-term I would LOVE to be completely self-employed but being realistic, I would never be able to earn what I could working in industry and having my practice as an additional job.

    Do both then!! Just do one after the other so you don't get overloaded. :)
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Alicia84Alicia84 Posts: 36Registered
    Yes, that's what I'm going to do. I couldn't decide which to do first but think I'm going to go CIMA so I can get the employed experience and build my business up slowly then do ATT or CTA after once my sons older and I have more time to put into building my business.
    Clintm15
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