I am currently working as a management accountant for a large business and have done for the last 7 years. I have recently qualified in CIMA and would now like to start completing books for small businesses in my spare time to earn some extra money and to perhaps one day transfer across to this full time, if successful.
I have a couple of questions below and would appreciate if someone could provide some feedback/answers to these:
Do you where I can train to complete these records (being CIMA qualified, you don't really cover this)?
What are the implications of working full time for a large company and part time (evenings/weekends) completing accounts for smaller businesses?
Has anyone else done this? Can you give any advice on how you found it?
Victoria, I would say your accountancy and bookkeeping knowledge would be fine as they are, however you may need to study some tax if you are going to call yourself an accountant. ATT is an excellent qualification and I would think this would enhance your current qualification nicely.
There are obviously personal implications from working full time and part time but I assume you are meaning in regards to tax? You can have as many employments, self employments, partnerships etc as you want but obviously all are taxable. If you are a sole trader then your profits will be taxable at your marginal rate given that you are in full time employment. You may consider trading via a company and this would potentially give you some more options but really depends on what you are earning currently. I would probably start as self employed and to incorporate once things started to look like they were being profitable.
