Is your bookkeeper a registered ASP?

Many people starting out in business find themselves using friends of friends to “do their books”.  Bookkeeping, although a relatively simple process for most businesses, can be a huge headache and has usually been one of the first business administration tasks to be delegated and out-sourced.

And quite rightly too!  But do you know if your bookkeeper is a registered ASP?

ASP stands for Accountancy Service Provider and as of 1^st October, all bookkeepers providing a bookkeeping service need to be registered with an accountancy body such as ICAEW, ACCA or AAT, the Institute of Certifies Bookkeepers or the HM Revenue & Customs.  They will need to apply before the 1^st July as this has come about from the new money laundering legislation last year.

After 1^st October, it will be illegal for your bookkeeper to trade.  If you require further information click here.