Why an ICAEW Chartered Accountant?
Did you know anybody can call themselves an accountant?
Many people who do so have limited training and qualifications, no oversight from a governing body and no requirements to hold professional indemnity insurance.
West Lancs Chartered Accountants is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) which means that you can be happy that the advice we provide to you is given in accordance with the ethics and standards of the main accountancy body in the UK.
All practicing ICAEW accountants have to:
- Have completed a minimum of three years’ in-depth training, including practical experience.
- Are members of ICAEW – The Institute of Chartered Accountants in England and Wales.
- Are committed to continuing professional development training every year to keep their knowledge and skills up to date.
- Are bound by ICAEW’s Code of Ethics.
- Are subject to ICAEW’s disciplinary procedures.
- Are required to hold a Practising Certificate and Professional Indemnity Insurance if they offer professional services to the public.
- Are part of ICAEW’s Practice Assurance scheme, which demonstrates their commitment to quality assurance, and upholding and developing the highest professional standards
Business Advice Scheme (BAS)
West Lancs Chartered Accountants is a member of BAS, a scheme designed to play a vital role in the business support landscape and offering free advice sessions to SMEs.
Small businesses are the engine of the UK economy. Yet their size means they often lack the financial expertise needed to get off the ground, raise finance, create jobs and grow.
The scheme is intended to boost the prospects for a private sector-driven recovery by offering a helping hand to SMEs across the country.
What kind of advice do we offer as part of BAS?
We offer businesses advice on how to overcome challenges facing SMEs across the country:
- How to grow a business
- Securing loans, capital and finance
- Keeping staff and creating new jobs
- Meeting tax and regulatory requirements
- Export planning
- Planning for long term sustainable growth
- Debt management
- Legal issues
Find out more about the scheme here: ICAEW BAS