this implies that part of your job is bookkeeping.
The MLR is required regardless as to the breakdown of the work. If you do any bookkeeping then you need MLR cover.
For PII you need to check the small print of your policy as the logic of it covering you for only the bookkeeping side may not hold true. If you do work that your PII does not cover you for in some instances such may invalidate the PII where the work is inseperable. For example, one job, two different roles.
I'm being a bit thicker than normal today, don't understand the second paragraph. experience / qualification requirements are exactly the same as normal.
Can you expand the last part for me a bit please. Many thanks and good to see you around again as we havn't spoken for a while. Hows it all going?
All the best,
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.
It's going ok thanks, been a bit busy but have a week off :) Hows things woth you?
The second part is about people being bookkeepers who haven't got any experience or qualifications. I have now acquired experience and I am part way through my level 3 (intermediate) AAT so would I find it hard to get my MLR and my PII?
Things aren't too bad at all at the moment cheers bud. Just running out of things to do to keep my boy amused during the Easter break.
On the MLR front, providing that you don't break any AAT rules applicable to your student membership then there is no reason at all that you can't get MLR cover direct from HMRC.
The PII is available espechially now you're gaining experience but it seems for some reason to have at least doubled in price over the last year. I'm thinking that such is an insurance industry reaction to our increasingly letigous society combined with so many companies going to the wall and looking for someone other than themselves to blame.
As an AAT student can you actually get the cheaper PII through trafalgar or do you need to wait until you have a practice licence when you're MAAT for that?
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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.
Things aren't too bad at all at the moment cheers bud. Just running out of things to do to keep my boy amused during the Easter break.
On the MLR front, providing that you don't break any AAT rules applicable to your student membership then there is no reason at all that you can't get MLR cover direct from HMRC.
The PII is available espechially now you're gaining experience but it seems for some reason to have at least doubled in price over the last year. I'm thinking that such is an insurance industry reaction to our increasingly letigous society combined with so many companies going to the wall and looking for someone other than themselves to blame.
As an AAT student can you actually get the cheaper PII through trafalgar or do you need to wait until you have a practice licence when you're MAAT for that?
Not too sure will have to look. Reason I ask is there is a job, not many hours bit far away but would be working for a charity but they want someone self employed.
Yep struggling to find stuff for my little girl to do too :)
And yet there's an argument to suggest that someone who is AICB is a student as they have not yet reached full membership level yet Trafalgar will cover in that situation without issue as you can get a practicing certificate at AICB but you can't get one from the AAT until MAAT. It's a funny old world!
Just been off to blockbuster to get the voyage of the dawn treader and legend of the guardians. Well, thats the next couple of evenings entertainment sorted on the childcare front anyway.
Who's offering at £165? I looked at Hiscox and Morethan and both even at minimal turnover are now up around the £350 mark. Twice what they were last year.
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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.
