Choosing your niche as a self-employed accountant It can be a good way to boost your income, but remember that it's also time-consuming. When you become a freelance accountant, you should consider whether or not you'll also offer bookkeeping services. Many smaller businesses choose to do their own books to keep costs down, but others use a bookkeeper. ![]() These records are then used to prepare the accounts. Bookkeeping involves keeping records of financial activity, for example through adding payments and receipts, as well as income. But in worst case scenarios it could also mean the accountant will have to attend visits from HMRC, if a client is the subject of an investigation. This could be as simple as filing accounts. Often, freelance accountants also deal with HMRC on their clients’ behalf. They provide tailored services to clients, including producing annual accounts, looking after VAT returns, and managing payroll. Becoming a freelance accountantįreelance accountants generally work with small businesses – those who can't yet afford to bring in full-time accountancy employees. If you’ve got experience and now want to be a self-employed accountant or freelance accountant, first you need to decide what type of business you want to run. Taking the leap to self-employed accounting This work experience usually counts towards achieving chartered status, so be sure to find a relevant role. It takes up to four years to do the ACCA qualification, for example.ĭuring this time, you might be working in an accountancy business to build up experience. Qualifications take a number of years to complete. How long does it take to become an accountant? If you have the qualifications and a few years’ experience in an existing firm, you should have a good understanding of the systems and skills needed to be a self-employed accountant. To become a chartered accountant with ICAEW, you'll also need to complete at least three years of on-the-job training. To become a chartered certified accountant with ACCA you’ll need to study for their qualification and have three years’ relevant work experience. ![]() Knowledge of how to run an accountancy firm will help you hit the ground running. You can also become a qualified accountant with institutions like the ICAEW, CIMA and AIA.ĭon’t discount experience when it comes to your training, as many people study alongside a full-time position in the industry. ACCA (Association of Chartered Certified Accountants) – you can become a qualified accountant with ACCA, letting you give the full range of accountancy services
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