Why Choose Chartered

Why Choose A Chartered Accountant?

Unfortunately, in the UK, anyone can call themselves an “accountant” and raise fees for preparing accounts and tax returns.

You can only be sure what you’re getting if you engage a Chartered Accountant.  By choosing a firm of Chartered Accountants, you know that you are dealing with qualified accountants who have earned the letters “ACA” (Associate of the Institute of Chartered Accountants) or, for more senior members, “FCA” (Fellow of the Institute of Chartered Accountants) after their name.

To become a Chartered Accountant takes at least three years’ training and rigorous examinations in all aspects of accountancy, tax, auditing and law.   After that Chartered Accountants are required to maintain their knowledge by undertaking regular training to ensure their skills are kept up to date.

This is all reinforced by a regular programme of inspection by The Institute of Chartered Accountants in England & Wales (ICAEW), the regulatory authority, who ensure its members maintain high standards of ethical and professional conduct.

So Chartered or hedge accountant?  I know which one I’d choose.

Why Choose A Chartered Tax Adviser?

As with the term “accountant”, anyone can call themselves a “tax adviser” but in order to qualify as a Chartered Tax Adviser it is necessary to pass the appropriate examinations and to have suitable experience working with tax.

The Chartered Institute of Taxation (CIOT), in addition to setting the exams to qualify as a Chartered Tax Adviser, provides regular support and assistance to its members through locally organised training courses and centrally organised conferences. Members are also required to do the appropriate amount of training every year to make sure their knowledge remains fresh.

The CIOT maintains professional standards by requiring its members to observe the Institute’s Code of Practice in their dealings with both clients and with HM Revenue & Customs.

RRL is unique in Cornwall as it is the only single office practice with two partners and two senior members of staff who are Chartered Tax Advisers.