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• # 70962
• Sat 14 May 2011 03:18 PM

Hi everyone, need some advice please. I have alot of experince in bookkeeping,
Tax returns, VAT and Payroll but have only just sat the ICB level 1 examination. To offer all these sevices to clients do i need to have the relevant qualification if not do i need to have anything else. I am only looking to provide services to sole trades and small businesses with small number of employees . I already have Public Liability Insurance but do i need a practice licence ?

Thanks Cathy

• Cathy

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• # 70963
• Sat 14 May 2011 03:50 PM

Hi Cathy,

Welcome to the forum :-)  If you are with the ICB and you intend to set up as self-employed you need to have a Practice Licence.  This will also cover you under the ML Regulations.  In order to get a Practice Licence you will need to have passed the manual bookkeeping Level II exam and upgrade to at least Associate Member.  As from September this year you will also need to have passed the Level II Computerised exam. 

To offer payroll you need to have passed the Payroll Management Diploma and for Self-assessment you need the Self-assessment exam, and I think you need to get 100% to pass this.

I think with Level II you can offer bookkeeping to TB stage for Limited Companies.

Hope this helps a bit :-)

Pauline

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