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Hello all,
Firstly, thanks for reading and any comments or advice are appreciated.
So a little about me; I am currently working as a contractor at a bank dealing with customer complaints. I have until now been working through an umbrella company (basically the bank pays a company who pays the umbrella company who pays me, so I can be classed as employed for tax purposes) but have recently formed my own Ltd company. So I will be invoicing the company directly for my services and will have no involvement with the umbrella company from now on.
Now as a company director I will have certain obligations, end of year accounts, profit and loss statements, tax obligations, VAT registration possibly. I have started learning about this through self-study, my ambition is that I will be able to do all of the things that I am required to do by myself without hiring an accountant, which is partly the reason I would like to join ICB: to attain knowledge and a qualification to go with it.
So my questions are: will joining the ICB (and gaining the qualifications) give me the knowledge I need to do all of the things I need to do as a company director and self employed contractor? What is the quickest way I can gain the qualifications? I would prefer self study, purely because I learn at my own pace (sometimes faster, sometimes slower) and it is usually cheaper. Are there books available for self study that cover the syllabus at a resonable cost?
I have wanted to be an accountant since my university days, which finished 3 years ago, but after meeting a lot of other contractors that pay their accountants to do the things they do, it has given me an ambition to start up a company that will do these things for them. Will I be able to do all of these things by joining the ICB?
I hope I have written this clearly, and that you understand where I am and what I want from joining the ICB (if possible), any advice is very welcome. Thank you.
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