Private practice accountant
Private practice accountants prepare accounts and tax returns for businesses and individuals.
Typical Salary
£25,000 – £60,000
per year
Working Hours
37–39
hours per week
Day-to-day tasks
As a private practice accountant, you'll:
- prepare financial statements, business plans and budget reports
- produce accounts and financial forecasts
- audit books of accounts and check inventories
- manage clients’ spending and costs
- file tax returns and give financial advice
- investigate fraud - forensic accounting
Skills needed
- 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
- excellent verbal communication skills
- to have a thorough understanding of computer systems and applications
How to get into this role
You can get into this job through:
- a university course
- an apprenticeship
- working towards this role
- training with a professional body
Career progression
With experience, you could specialise in an area like auditing or forensic accounting, or become a manager in a practice. From there, you could move into a partnership or become a finance director.
You might also become a self-employed consultant or set up your own company.
You could pass on your skills and knowledge through teaching in higher or further education.