Hello, I am wondering if someone might be able to give me some pointers on starting up a part time bookeeping business? Some Specific questions I have are:
Do I actualy need to set up a company to do it? If you are fully qualified accountant, would it affect this status in any way?
Are there any other areas that I might need to be aware of?
You do not need to set up a limited company in order to trade, although you may choose to trade using one for tax reasons. Most book-keepers set up as a soletrader and transfer to a limited company when their profits increase.
If you are a fully qualified accountant you should be well placed to offfer a book-keeping service. You may need a practicing certificate depending on the type of service you will be offering. If its just book-keeping up to TB you'll be fine without one. If you want to offer tax returns you will need to obatin one from your institute.
