I am aware of that fact.I am not running going to be running a "practice",its a bookkeeping service and i will assist people in accounts preparation but the client is going to be signing off on all tax forms and letters.i am not going to advertise the fact i am an qualified member either.it seems mad you spend years trying to qualify then when you do any joe soap can offer bookkeeping service but the person who has qualifed has to thread carefully.
Read and understand your body's defination of carrying on public practice (for your own sake), one of the bodies I belong to has already started circularising members to ascertain if they are engaged in book-keeping, as IAASA has asked them for this information, extract from the email below.
"Dear Member,
Are you currently providing any of the following services ;
· External accountancy services including book-keeping
· Taxation services
· Trust and company services
If you do, you may need to register with the ........ for supervisory purposes under a new Anti Money Laundering Directive.
The EU 3rd Anti Money Laundering Directive has been transposed into Irish law, with general effect from 15th July 2010 by the Criminal Justice (Money) Laundering and Terrorist Financing) Act 2010 (the Act).
The Act provides for the supervision of all “
designated persons”. Please click here for details of designated persons.
“Designated persons” coming under the supervision of the ........include those members who are auditors, external accountants, tax advisers or trust company service providers.
Those members currently holding .... practising certificates will continue to be supervised under the Institute’s Quality Assurance programme and will not need to register for this purpose.
Non practising certificate holders currently providing accountancy (including book-keeping) taxation and trust and company services may be required to register with ourselves.
The Institute is obliged to register such members and supervise them for the purposes of the Act.
The Institute is currently conducting an exercise to assess the nature of the regulatory impact on the Institute and when completed the Institute will determine how it will resource the area. A formal registration process is under development.
If you currently provide such services please notify the Professional Standards Department of the Institute outlining the nature of the services that you provide by
13th August 2010. If you have any queries please contact us.
Kind regards,
......
Quality Assurance Executive "
Who will be preparing the letters & the returns?
If you are not going to advertise that you are a qualified member, what will be your selling point, why should people hire you?