The Bookkeepers.Network (BKN) Home

Post Info TOPIC: Advice Please


Newbie

Status: Offline
Posts: 1
Date:
Advice Please


Hi All,

I have just completed my AAT Level 4 qualification.

I work in the accounts/admin of a business (not in practice).

I am thinking of setting up to offer a book keeping service for local sole traders and partnerships alongside my full time job.

Any advice on starting up would be great!



__________________
Joanne Setter


Guru

Status: Offline
Posts: 1363
Date:

Hey, welcome.

What sort of advise are you looking for?



__________________

Johnny -Owner of an overly-active keyboard.

A man who can read, yet doesn't, is in no way wiser than a man who can't.



Guru

Status: Offline
Posts: 1363
Date:

Notable mentions.

Are you a full member of the AAT or an affiliate? I know now there is a bookkeeping membership level - reason is that if you're a MAAT the rules are different than if you are not a full member.

MLR cover you'll need, PII insurance you should get.

Decide on software - continue to read on here, in your books, on HMRC site.

There are some folk who work in accountancy who have it written in their contracts that they are unable to work elsewhere/from home/for others whilst employed. Probably worth checking that out.




__________________

Johnny -Owner of an overly-active keyboard.

A man who can read, yet doesn't, is in no way wiser than a man who can't.



Master Book-keeper

Status: Offline
Posts: 5852
Date:

Hi Joanne
Another Joanne here! Welcome to the forum for of all. I can see that you are based nowhere near me so happy to help where I can. As Johnny says - would be good to know a bit more in terms of where you stand with the AAT - just a member, or aiming to get your full licence through them (MAAT MIP) or even just the bookkeeping licence (AATQB), although the latter is aimed at level 3 passes and is more restrictive in terms of what you can offer.

If you dont aim to practice under the AAT banner then you cannot mention them at all in any advertising (websites, businesscard, blur blur blur) and you would need to consider practising under someone else's banner (eg IAB) or under your own steam.

Getting MLR cover (via the practice licence route or via HMRC direct) is an absolute must. Without it you can be fined, imprisoned or both.

As Johnny says - PII you should get - not mandatory but crazy not to have it.

Any reason why you are not looking to do Limiteds?

There is a ton of stuff on here for you to have a look at. For software and general issues any post goes, but for anything changeable like tax then I wouldnt go back more than a few months.

How many hours realistically do you think you can set aside for such work per week? Thats a biggie, although there are a fair few on here who do what you are doing so just dont take on too much too sign - remember the first client you take on will take a lot of time whilst you work through what systems, software etc to use. Also - always allow time for extra reading as you will find that most of your learning starts on the job.

Good luck and look forward to hearing more from you.

__________________

Joanne McCormick

Fallows Hall Ltd

Winner of Bookkeeper of the Year 2015

Winner of Bookkeeper of the Year 2016

Thoughts are my own and not to be regarded as official advice, which should be sought from a suitably qualified Accountant.



Senior Member

Status: Offline
Posts: 119
Date:

Hi Joanne

Welcome, I am a newbie to this forum as well.

I only started my business last year and similar to what you want to do I have started out by taking on small businesses mainly in the building trade, so far it is going well.

I found actually setting uptook quite a while and must confess that I got most of the information on what I needed to do from reading comments on this forum, listen to all the advice that is given to you on here (not by me but the others) and you wont go far wrong.

Good Luck



__________________

Doug

These are only myopinions of how I see things andtherefore should not be taken as advice



Master Book-keeper

Status: Offline
Posts: 5852
Date:

Can see the OP has been on. Any thoughts back to us?

__________________

Joanne McCormick

Fallows Hall Ltd

Winner of Bookkeeper of the Year 2015

Winner of Bookkeeper of the Year 2016

Thoughts are my own and not to be regarded as official advice, which should be sought from a suitably qualified Accountant.



Guru

Status: Offline
Posts: 1363
Date:

It's annoying, you want to welcome someone new, you want to offer advise even if you've answered the same question - more than once.

Ahhh people.

__________________

Johnny -Owner of an overly-active keyboard.

A man who can read, yet doesn't, is in no way wiser than a man who can't.

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  

2017 The Bookkeepers.Network (BKN). All Rights Reserved. The Bookkeepers.Network (BKN) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. St Brandon's House, 29 Great George St, Bristol, BS1 5QT, United Kingdom. The Bookkeepers.Network and BKN are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Bookkeepers.Network. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Bookkeepers.Network. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: info@bookcert.co.uk.