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Private practice accountant

Private practice accountants help people and businesses manage their money effectively.

Average salary (a year)

£18,000 Starter

to

£100,000 Experienced

Typical hours (a week)

37 to 39 a week

You could work

evenings / weekends occasionally

How to become a private practice accountant

You can get into this job through:

  • a university course
  • an apprenticeship
  • working towards this role
  • training with a professional body

University

You could take an accountancy degree and then further professional training to qualify. Degrees include:

  • accountancy
  • accounting and finance
  • business and management

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths
  • 2 to 3 A levels, or equivalent, for a degree

More information

Apprenticeship

You can get into this job through an accountancy and taxation professional degree apprenticeship. This is at level 7, which is equivalent to a master's qualification.

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a degree apprenticeship

More information

Work

You could start as an accounting assistant with a firm and do professional training while working.

You'll need A levels or equivalent to apply for a school leaver programme. This would involve working for a company at the same time as studying towards professional or degree level qualifications in accountancy.

Other routes

You could take training with one of the following professional bodies to become a qualified accountant:

They all have different entry requirements and ways to qualify, so it's important to check with them which is the right route for you. If you already have relevant accounting or business-related qualifications, you may be able to qualify in a shorter time.

More information

Professional and industry bodies

If you've qualified with the Chartered Institute of Management Accountants (CIMA), you can offer most accountancy services in private practice but you'll need to register as a 'member in practice' with CIMA.

Further information

You can find out more about becoming a private practice accountant from:

What it takes

Skills and knowledge

You'll need:

  • knowledge of economics and accounting
  • maths knowledge
  • to be thorough and pay attention to detail
  • administration skills
  • analytical thinking skills
  • the ability to work well with others
  • ambition and a desire to succeed
  • the ability to use your initiative
  • to have a thorough understanding of computer systems and applications

What you'll do

Day-to-day tasks

Your day-to-day duties might include:

  • preparing financial statements, business plans and budget reports
  • producing accounts
  • auditing
  • managing clients’ spending and costs
  • filing tax returns and giving tax advice
  • forecasting profits and performance
  • helping businesses that may be in financial difficulty
  • investigating fraud (forensic accounting)

Working environment

You could work in an office or at a client's home.

Career path and progression

With experience, you could specialise in an area like auditing or forensic accounting, or become a manager in a practice. You could then move into a partnership or become a finance director.

You could also become self-employed or set up your own company.

Current opportunities

Apprenticeships In England

ACA Corporate Tax Apprenticeship - Canterbury

  • Wage : Competitive salary
  • Location: Canterbury CT1 3DZ
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Courses In England

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