Why having a qualified Accountant is best for your business

  • by Carole Jordan
  • 08 Jan, 2018
BusinessHeads Chartered Certified Accountants for businesses Brighton

There’s a hidden gap in skills and knowledge between those of us who are qualified Accountants, and those who refer to themselves as Accountants.  Every day we make an investment in your business to ensure you receive the quality of advice you need to protect your business.

What does it mean to have a Chartered Certified Accountant working for you?

Did you know that anyone can call themselves an Accountant? But this doesn’t guarantee that they have the knowledge to give you correct and legal advice about your business. This is dangerous to business owners who may be exposed to, at the very least, poor levels of service due to a lack of expertise, and at worse, to penalties and interest where returns have not been made correctly or on time.

It takes 3 years of training & experience and 14 strict examinations to become a Chartered Certified Accountant (ACCA) and a further 5 years to obtain ‘Fellowship’ (FCCA). As ACCA’s working with small business clients we are then regulated annually by the professional body ensuring our knowledge and ethical standards are up to date.

At BusinessHeads our team of Accountants are either fully qualified, or part qualified and still in training for their full qualification. Our business is regulated by ACCA in general and also, for specific responsibilities such as providing information to third parties such as HMRC, the CAA and financiers. This means our clients can be sure they’re getting the right advice for their business and can rely on us to support their business growth.

As members of the Association of Chartered Certified Accountants (ACCA) we are required to meet the following standards;

  1. Be a fit and proper person
  2. Have a minimum level of Professional Indemnity Insurance
  3. Meet ongoing professional training requirements, this currently stands at a minimum of 40 hours per year
  4. Arrange for another suitably qualified practitioner to step in to cover for death or incapacity of the principal/s
  5. Notify ACCA of any relevant changes in the company
  6. Adhere to the ACCA Code of Ethics and Conduct
  7. Be monitored on compliance with ACCA requirements to keep adequate records of our work to protect our clients on investigation by HMRC and other third parties.
  8. Disclose all information relevant to the regulatory or legal requirements of the country/ies in which we operate

Our governing body, ACCA, has put together this quick checklist to illustrate the key differences between us and an unqualified Accountant – Qualified Accountant vs Unqualified .

Beyond this our commitment to our clients is that we will always act in their interests regardless of the commercial impact on our business. And, because of this you can trust us to offer you the services and support that you need to succeed and only in which we have relevant expertise.

Let us know if you have any questions about our qualification or experience and how, in this increasingly challenging environment, we can help you sustain and grow your business.

As we embark upon a new year we wish you success, and peace of mind.


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