Honest Accounting

Accurate information accountants provide allows business owners to be represented financially in an unbiased manner. Honesty defines the reputation of accounting professionals. An engagement letter is used to outline a clear scope of work, responsibilities and obligations. The accountant needs to identify the client in the letter, and, therefore, the client provides an ID and a proof of address. This information is important, because the anti-money laundering (AML) obligations should be met before an accountant agrees to assist a new client. Last, but not least, an accountant must be authorised by a client in completing a form or an online request followed by a letter from HMRC with an authorisation code. Accountants use their agent login NOT the client’s login details to access the HMRC online account.