Im hoping someone can answer a quick question. Im getting a new business card done and I wantto put a tag line of Outsource Bookkeeping & Management Accounts Services. Will the ICB allow me to put that on a card as we do management accounts for clients on a monthly basis but they are for internal use only and the clients accounatants do the year end stuff. I am a member of the ICB.
Not too sure on the ICB stance but remember to check the wording of your PII as it may be invalidating by even offering services that it does not believe that you are qualified to offer (regardless as to whether you actually perform such services).
Also, you state that your fully qualified ICB so if they say no you could always just check with the IAB and switch over allegiances to them if they say yes.
Just a thought there.
Good luck,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
As if I would ever compromise my integrity, objectivity and independence for mere money! (yer right!!!).
Just figuring that the only way that the ICB will ever realise that people are having issues with their arrogance is when they look down from their ivory tower and find that everyone has gone elsewhere!
I think that the ICB is just one of those organisations that has been caught up in believing their own hype.
As far as I can see they do nothing to further our business, they don't represent their members and their main concern is thinking up new ways to extract additional money.
To be fair I do also advise AAT, ATT, ACCA or CIMA where more appropriate but in this instance IAB seems the obvious choice.
Actually, CIMA are a bit late with this months payment to me so... Oops, cats out of the bag!
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Actually Shaun CAT is one you rarely mention (or do they only make token payments?)
With the ICB question for PD2006, it depends on what else you have on your card. If for example you use their crest, you need to get your card approved by them first. If you don't use the crest, they are happy (or so they say) to proof read any business literature (Cards, flyers adverts, webpages etc) and offer advise on the content.
This is the email address to send any stuff to stationery@bookkeepers.org.uk dont forget to give them your membership number etc.
Bill
-- Edited by Wella on Saturday 29th of May 2010 02:04:16 PM
CAT's a strange one. If you're going to take that route then why not just go the whole hog and sign up for ACCA as CAT is run by ACCA and is the equivalent of the first three ACCA papers.
CAT makes more sense than AAT from the perspective that there are no skills tests and everything can be done self study... But, more employers still ask for AAT so if you can get that one you're not going to have the grief of having to convince employers and clients that it's the equivalent qualification.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I had contemplated CAT but as you say AAT seems to carry more kudos, so I'm going to wait to see where they are with their exam/ training format next month.
I only mentioned CAT as it rarely gets a look in (by anyone!!) for some strange reason, considering it's heritage.
I spoke about doing CAT on a previous thread. I did consider doing it as I spoke to the ACCA and Kaplan who advised it can be done by self study. However if you are taking the self employmen route, CAT would limit you to providing basic bookkeeping services 'Up to Trial Balance', even though the course covers most of the same topics as AAT i.e drafting financial statement for sole traders, partnerships, limited companies, Personal and Business Taxation etc.
It is a well respected qualification, but not well known as the AAT in the UK. It's an equivalent qualification to the AAT and is provided by the well respected ACCA. I was told by a training provider more overseas students opt for CAT as it is internationally recorgnised as oppose to the AAT which is mainly recorgnised in the UK. In time more and more UK employers will become familiar with the CAT qualification.
-- Edited by louis on Sunday 30th of May 2010 09:39:26 PM
-- Edited by louis on Sunday 30th of May 2010 09:43:32 PM
I would recheck that bit about what you are allowed to do as fully qualified CAT.
My belief was that you could actually do anything that a fully qualified AAT bod could do but (there's always one of those isn't there) if you then continued your studies with the ACCA as you would be encouraged to then the more Draconian ACCA rules applied and you would only be allowed to perform bookkeeping to trial balance, VAT and Payroll.
Something that always gets missed out is that such only applies to self employment. If you are employed and properly supervised by a trained accountant then the restrictions do not exist.
IAB and ACCA are also worldwide brands particularly is Asia.
If anyone is interested about the history of AAT and CAT, CAT is supported by the ACCA and AAT is supported by everyone else including ICAEW, ICAS and CIMA.
Both qualifications are recognised equally highly by the supervisory bodies but UK employers tend to recognise AAT more than CAT which is why it dominates the market at that level.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
You are correct, CAT actually allows you to perform bookkeeping up to trial balance, VAT and payroll services, even though you don't continue onto the ACCA they still allow you to perform these services. What I was trying to say was they don't allow you to set up an accountancy practice and supply accountancy services.
You are quite right, you can provide accountancy services through employment by an accountancy firm.
Personally I would go for CAT as you can do home study without paying the expensive fees of a traning provider.
-- Edited by louis on Monday 31st of May 2010 10:50:43 AM
