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Hi All,
I have a question that I wonder if someone knows the answer to. I completed my ACCA a couple of years ago and am a member. I’m looking to not have a “practice” per se but to do one or two tax returns as a side gig in addition to my 9-5 day job. Am I interpreting the ACCA rules correctly that I need to have a practice certificate for this? (the rules are quite onerous). I don’t intend to portray myself as an accounting or tax practice. Presumably you would be able to do what I intend even without being a qualified accountant so not sure why the onerous ACCA requirements. Any thoughts would be most welcome. cheers
“Meaning of public practice
The definition of public practice in the GPRs is reproduced below.
ACCA’s definition of public practice work extends beyond audit and
other regulated work, to incorporate all types of work generally
associated with an accountancy practice, but excluding bookkeeping services. For example, public practice work will include:
…Preparing personal or corporate tax returns (even where the
client submits them directly to the tax authorities
… ”Source: https://www.accaglobal.com/content/dam/acca/global/PDF-members/2012/2012p/PC_factsheet.pdf
Please note that we now have a separate “Qualified” forum for members: https://opentuition.com/forum/qualified-members-forum
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