New Bookkeeper Services

DomOneDomOne Registered Posts: 8
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,

Comments

  • burgburg Experienced Mentor GloucesterModerator, FMAAT, AAT Licensed Accountant Posts: 1,440
    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 AAT Student, AATQB Posts: 160
    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 GloucesterModerator, FMAAT, AAT Licensed Accountant Posts: 1,440
    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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