Setting up your own Accountancy Practice

This book is specifically designed for CIMA members as their formal training does not include the necessary Tax and Reporting requirements to set up in practice. This book is unique in that it specifically addresses many of the these deficiencies.

The purpose of this book is to give real practical advice and instruction for those individuals that are intending too, or seriously thinking about setting up their own accountancy practice, even if they have never worked in an accounting practice before.

In the authors opinion, completing and understanding the contents of this book and the associated workings/exercises could be considered in a similar vain to someone completing a driving test. They will not be
immediately equipped to become a racing driver or a rally driver, but it should equip the reader with the basic skills to enable them to compete at the entry end of the marketplace before gradually developing their portfolio of skills.

This book assumes that while the reader may lack certain basic taxation skills, which this book teaches, they do have a firm grounding in accounting, are able to understand the importance of the balance sheet, are competent when it comes to journals, and have a basic understanding of VAT.

This book not only focuses on the technical skills required to run a practice but it also outlines many of the major products and services on the market that are in everyday use by practising accountants.

Transform your career with “Setting up your own accountancy practice” by Stuart Ferguson. Whether you’re an accountant transitioning from industry or commerce, this guide is your essential toolkit for success.