If you aim to apply for a five-year route settlement in the UK, then this is the guide that you are looking for. But, first, it’s essential to understand the importance of an accountant’s certificate of confirmation for this. As in case you fail to submit it when required, your application will be rejected.
This blog will let you know about:
- What is an Accountant’s Certificate?
- Why do you need it in Business?
- How Much is the Cost?
- How can we help you in getting this certificate?
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What is an Accountant’s Certificate of Confirmation?
It is a letter of confirmation from an accounting firm or a certified accountant that they have handled the individual’s business accounts.
As defined in the Companies Act 2006, the accountant’s certificate is required to be submitted by an accountant, and it should be one for the following:
- Member of a recognised UK supervisory body
- AAT (The Association of Accounting Technicians)
- AAPA (The Association of Authorised Public Accountants)
- CIPFA (The Chartered Institute of Public Finance & Accountancy)
- CIMA (The Chartered Institute of Management Accountants)
- AIA (The Association of International Accountants)
- Member of the Institute of Financial Accountants
Why do You Need an Accountant’s Certificate of Confirmation in Business?
If you are a new business and you need to open a bank account. Then, you will require a letter from your accountant. He will confirm that the accounts of your company have been verified and are found to be in proper working order.
Moreover, you also need an accountant’s certificate when applying for a company loan.
The Importance of an Accountant’s Certificate
An accountant’s certificate is essential for several reasons. For example, you will require an Accountant’s Certificate of Confirmation to get an application to raise business funds in the United Kingdom or to acquire a verified account statement.
The main reason to get this certificate is to ensure that you have the accurate information of your accounts available. In addition to that, you need this certificate to process any application for your banks that you may require to deal with.
This certificate can assist you to do a lot to make sure that you are not wasting your amount on a credit card or loan, which has not been paid fully previously.
How Much is the Cost to Get an Accountant’s Certificate?
£200-£1,500 is the price range that has been observed to get it. However, it totally depends on your accountant. Keep in mind that this certificate is mandatory, and not having one when needed would probably result in your application’s refusal.
How Can We Help?
Now that you have understood what is accountant’s certificate of confirmation. We will tell you how we can help you in getting this. Our team of experts accountants will review your accounts of the company, and if they contain any inconsistencies, we will remove them. We will put all the things in order, and when everything is alright, our professional will issue this certificate.
Disclaimer: This article intends to provide general information on the accountant’s certificate.