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Post Info TOPIC: Annual Subscriptions


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Annual Subscriptions
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Its that time of year when these are due.  I have come to pay my AAT subscriptions and if i set up a DD and pay in installments I get a saving of £6.  If I set up a DD and pay in installments my ICAEW memebership they charge me £15! 

They will be getting a cheque!



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Nick 

Nick Craggs FMAAT ACA  AAT Distance Learning Manager

@nickcraggs 

BKN Tutor of the Year 2013 & 2015


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Expert

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Do you really need to be paying subs for MAAT when you have the oh so excellent ICAEW title?


Does it work for you as a tutor?


My AAT subs are due in June but i won't be renewing, as mentioned in a previous chat we had.



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Guru

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Hi Neil,

Unfortunately i need it to teach the AAT.

Like you said about your AAT subscription, i dont think my ICAEW membership makes me financially better off at the moment, but i worked so hard for it i am not dropping it.

Nick



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Nick 

Nick Craggs FMAAT ACA  AAT Distance Learning Manager

@nickcraggs 

BKN Tutor of the Year 2013 & 2015


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Forum Moderator & Expert

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NickCraggs wrote:
i dont think my ICAEW membership makes me financially better off at the moment, but i worked so hard for it i am not dropping it.

Sounds like my cunnundrum over ACCA membership where I'm practicing under the IFA banner (all within ACCA regulation 8 remit).

How can one just give something like that up after sweating blood for it and succeeding where so many others fell by the wayside.

It almost feels to me as if you owe it to those who failed not to give away what you have achieved.



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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.



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I don't understand the value for money aspect of AAT subs.

I mean, AAT will reduce the fees if you go on to 'higher education'

That makes no sense to me, if i am studying with another governing body then the CPD

and other little AAT 'benefits' will be redundant as far as i am concerned.

I think they should offer a years free subscription to anyone making it to MAAT, because

after all they have earned it. It's like you have to keep paying for the previous privilege of being

a hard working student member. Also, the further i get towards achieving the full qualification,

the less the actual qualification seems to be of any value. If i didn't use it to take exemptions, i

can't really see the benefit of not starting CIMA or ACCA at foundation level instead.


Rant over and out.

Neil.





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Forum Moderator & Expert

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Hi Nick,

I came across this thread over on Aweb where others are going through conundrums about their professional memberships.

The gist of it seems to boil down to professional bodies chasing their members for ever more money whilst people are allowed to enter the profession without qualifications and professional memberships to maintain.

http://www.accountingweb.co.uk/article/practicing-without-certificate-how-handle-it/533787

I find myself agreeing with the poster who talks about the professional bodies spending their resources chasing down their own members who have suffered the qualifications and are paying subscriptions rather than focusing such resources upon protecting the profession against those who set up shop without qualification or professional body.

Its an interesting read if you get five mins. Even AAT and ICB get mentioned in the thread (although admittedly not for very long). The main thrust seems to be those in the ICAEW and ACCA who are having issues.

I actually thought of chipping in to that thread myself but then thought, no, I find myself here in the Colosseum but the lions haven't noticed me yet.

Talk later,

Shaun.

__________________

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.

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