Hi Adrian, Well done in your achievements. You will need to register with HMRC for money laundering and also with ICO for data protection. You will also need to obtain Pii insurance. AAT will state what is required for practicing members. In order to gain MAAT status whilst working on a self employed basis, you will need to get any work you do verified by a qualified accountant, either AAT trained or above. Again details of this will be available from AAT.
I have emailed AAT and now I am waiting for the answer. Does the insurance is expensive ? Could you please recommend me some insurance companies who are less pricey ?
The qualified accountant has to verify this on a monthly basis or after the year when I am due to apply for MAAT ?
Many thanks for helping me.
Have a lovely Sunday :)
Adrian
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This is just my personal opinion. Advice should be sought from a suitably qualified Accountant.
P.S. I only ride a motorbike because I want to dry my clothes faster
Hi Adrian, AAT do have deals for their members, but if you pay the membership fee and join this site, the deal with Arlington at £78 a year is very good. The cheapest I had before that was £152 and I'd shopped around. The joining fee is only £28, so with the added benefits of the membership, its well worth it.
Its up to you about the way you work with the accountant. AAT look for quality not quantity, regarding the work experience. So, although they say they need a years experience, it is determined by the quality of the experience and amount of responsibility you are taking.
Hi Sammy, If you are handling client data and personal information, also potentially employee information, then you will need to be registered for data protection. Their website is quite helpful and gives a list of the things its needed for as a bookkeeper or accountant.
This discussion has come up many times before. I agree with Sammy, to an extent. Depending on the work carried out a bookkeeper or accountant could be seen as a data processor and not a data controller. The responsibility for controlling the data could rest with the client and therefore no requirement to register with the DPR. I spoke to their office and on this advice have never registered, nor have I ever been informed by them that I should be registered.
I rang the ICO recently as I was concerned as to whether or not to register. After explaining the information I had to gather as a bookkeeper for MLR purposes as well as running payroll services they told me I did not need to register as that was deemed to be data processing. The definition they gave me for a data controller was somebody who "manipulated" the information.
Hi all, It seems that we are all being given different advice. After speaking to them myself, I was told that if you were holding personal information, such as dates of birth, addresses, national insurance numbers and the likes, then you should be registered for data protection. For these reasons, I have registered. For the cost involved, I think its better to be safe than sorry.
