New Bookkeeper Services

DomOneDomOne Posts: 8Registered
Hi.

So I'm in the final stages of Level 3 and am hoping to start a Bookkeeping business (I'll complete Level 4 over the next year and then expand).

I've read the services that the licence allows me to deliver: https://www.aat.org.uk/about-aat/applying-for-an-aat-licence/services-covered-by-an-AAT-licence.

Financial accounting and accounts preparation for sole traders and partnerships: How far does this extend? P/L reports, to the trial balance? What am I expected to provide under this heading?

Value Added Tax: Do we deal directly with HMRC for this or does the client? What other tax reports or returns can I offer as a bookkeeper?

Thanks,
Cyclingdog

Comments

  • burgburg Experienced Mentor GloucesterPosts: 1,440Moderator, FMAAT, AAT Licensed Accountant
    I'm not a licensed bookkeeper and never have been so can't be 100%.
    However I'd interpret the above as you can prepare a full set of accounts but you cannot prepare the tax return. So this can be a P&L, Balance Sheet and full accounts.
    As for VAT, set yourself up with an agent account with HMRC and get authority to file on your clients behalf.
    Regards,

    Burg
  • DannyT90DannyT90 Surrey Posts: 160AAT Student, AATQB
    Do you need to set up as an Agent Account with HMRC in order to do VAT Returns on behalf of a client?
  • burgburg Experienced Mentor GloucesterPosts: 1,440Moderator, FMAAT, AAT Licensed Accountant
    You don't need to as you could use the clients own login. It is however better and the correct process to have them on your own login.
    Regards,

    Burg
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