Professional Accounting or Tax Technician Apprenticeship

Professional Accounting or Tax Technician apprenticeships train candidates to have responsibility for creating, and/or verifying, and reviewing accurate and timely financial information within the organisation in which they are employed or on behalf of another organisation.

Individuals taking a Professional Accounting or Tax Technician apprenticeship will meet ethical, professional, and legal standards. Their knowledge of business systems, processes, accounting, and tax practices will be fully utilised.

A Professional Accounting or Tax Technician apprenticeship may exist in an accounting practice, a professional services company, HMRC, or the accounting function of a business or other organisation.

Requirements for a Professional Accounting or Tax Technician Apprenticeship

This occupation covers two areas of specialism, accounting and tax.
A successful apprentice will have met the core requirements common to both areas and one of the two technical knowledge option requirements.

Option 1: Accounting
Knowledge and understanding of the core elements of double entry bookkeeping and accounting standards enable accountants to create and report financial information to the users of accounts. A Professional Accounting Technician will understand and/or validate the accounting standards for basic accounts preparation and/or the drafting of financial statements. Depending on their role they will also have specialist knowledge in other aspects of accounting, for example management accounting and tax accounting.

Option 2: Tax
A Professional Tax Technician will be required to have knowledge and understanding of the core elements of personal and business taxation and accounting principles. They will be required to prepare tax calculations, prepare government forms, understand and comply with filing deadlines, and document client paperwork. Depending on their role they will also have specialist knowledge in other areas of taxation, for example business compliance, VAT, Inheritance tax, trusts and estates and corporate tax.

Assessment

The EPA assessment period will be upto 12 weeks

Submit a portfolio of evidence of their best work

Optional achievement of: - AAT Professional Diploma in Accounting (if you successfully complete this qualification and fulfil the AAT work experience requirements, you can apply for AAT full membership and achieve professional MAAT status)

A Role Simulation giving the Apprentice the opportunity to tackle a series of business related tasks

A Reflective Statement that reflects on the Portfolio, either through a written statement, presentation or structured discussion with an Independent Assessor