Why become a Firm in Practice?
You may be wondering how the IAB can help you become a professional bookkeeper and help you set yourself up in practice.
First, let’s look at the reasons you might want to join the IAB and become a registered Firm in Practice:
How do you become a Firm in Practice?
To apply to join the IAB as a Firm in Practice you must first join the IAB as a professional member. Further information about the routes into professional membership can be found by clicking here
Once you are a professional member you can then make an application to be a Member in Practice which will ensure you are supervised under the Money Laundering Regulations.
Where to study for your qualifications
The IAB has three ways to study for your qualifications:
1. Self study.
2. Distance learning.
3. Classroom based.
If you like the idea of gaining your qualifications at home, then the self study option is the way to go. You can get your text books direct from the IAB online store here.
Becoming a Firm in Practice
The IAB is an approved supervisor under the Money Laundering Regulations, and as a Firm in Practice, you get free advice and help on matters to do with Anti-Money Laundering.
Once you are a Firm in Practice you can then be approved by HMRC to operate as a registered agent.
You can find out more about the costs of IAB membership here.
Support for Firm in Practice
The IAB run seminars, which also help with your Continuing Professional Development (CPD) requirements as well as regular updates and other ways to improve your skills, so you will never feel alone. Our ethos is to ensure that every member gets the help they need. We like to think of ourselves as one big family.
This is why the IAB operate as a non profit organisation run by its members for its members.
Hear from our Firm in Practice
Find out what our Firm in Practice have to say about their IAB membership, being in practice and their tips for starting and growing your own business.