I've just spent over half an hour back and forth between AAT and ACCA. Discussing MIP membership.
Per ACCA I do not have to register, because of the level work I do, book-keeping and VAT.
Per the AAT I do.
Back to ACCA and because I have to register with AAT, I suddenly have to register with ACCA, only becuase I'm registered with anther body - ludicrous, if I didn't have to register in the first place, why should I have to register now.
Of course I can just pay ACCA, then AAT will exempt me. Or I could resign from AAT, then I don't have to pay either, obvioulsy not the AAT, I'll have resigned and not ACCA because of the level of work.
If I want to stay a member of both, which I do, I have to pay ACCA £385 a year, if my fees exceed the limit and if they do it won't be by much and that'll be about 7% of my income!!!!!
But that's not the whole point, if I don't have to in the first place, then I shouldn't have to at all, and how come ACCA don't feel the need to make me be a member when the AAT do?
I 'briefly' looked at studying with the AAT and ACCA (CAT) and my opinion was they're a law unto themselves when it comes to rule setting. No rhyme or reason sometimes.
I think its the same with all bodies and unfortunately if you want to be part of the club you have to play by their rules.
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Stuart
Birmingham City FC - Blues is my religion St Andrews is my church
The more I think about it the angrier I get. I will be paying at least half one months fees for the privalege of being a MIP, a much higher portion when my client dosen't need any extra help and my fee for the month is less.
Also, if I'm right, then a practice partner in London earning £100k plus pays the same as me earning not enough to even deduct the cost of earnings for tax.
But hey, I chose this path and yes, I'll just have to play by the rules.
