Wednesday, March 14, 2012

How to set up an accountancy practice in UK?what is the process & formalities involved in the set up?

How to set up an accountancy practice in UK?what is the process & formalities involved in the set up?
I' m business consultant and have been working in London over 6 years, my partner recently completed her ACCA and she wants to team with a senior accountant and set up a practice. Please advice this is not my area of expertise.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well...... Its all very good and well her passing her final exams but she now needs to obtain her practising certificate from the ACCA which is another exam all over again ! Oh and she needs to possess the relevent number of years of works experience....... Good luck....... David
Answer 2 :
I think the fact you are asking this question here just shows that you really dont have the experience to set up in practise yet. I wouldnt want an accountant advising me in my business if they didnt know the answer to this question themsleves. Give it a go a few years down the line. And congratulations on passing the exams!

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