Continuity of Practice Cover

Professional Continuity Agreement for Accountants and Accounting Practices

 Starting your own accounting practice? Many professional accountancy bodies and regulators require practitioners to have appropriate continuity arrangements in place, helping to ensure clients are protected if the practitioner is unable to continue providing services. 
 
 

  At TTAM Ltd, this is more than just paperwork. When you enter into a Continuity of Practice Cover Agreement with us, Tervel Mihaylov MAAT (TTAM Ltd) becomes your named Professional Nominee, with an ongoing commitment to step in and manage your practice, protect your clients and notify the relevant professional body, insurer and other appropriate parties where required, if you die, become incapacitated or are otherwise unable to run your business. 

Before we agree to cover you, we check that the services you provide fall within what TTAM Ltd is licensed and qualified to deliver,  so that the proposed arrangement is appropriate for the services you provide and can operate effectively if the agreement is activated.  We'll also ask about your practice, your fee structure, and your nominated representative, so the arrangement is a genuine fit — not just a signature.

 

We Offer

What We Offer

  • A Continuity of Practice Cover Agreement naming TTAM Ltd as your Professional Nominee,drafted to support the continuity of practice requirements applicable to your professional body.

  • An ongoing commitment: if the agreement is ever activated, TTAM Ltd will manage your practice, protect your clients, and keep your business running

Next Steps for You

To get your agreement drafted, we'll need:

  • Confirmation of your accounting qualification, body and membership number
  • Your correspondence address
  • Details of your nominated representative (someone who can act as primary contact if you're incapacitated)
  • Your professional indemnity insurance details

Pricing

 A one-time fee of £200 covers drafting and executing your Continuity of Practice Agreement and issuing your Continuity of Practice Letter. This is a setup fee only — it does not cover any work carried out if the agreement is ever activated. In that event, TTAM Ltd's fees are charged at standard commercial rates and paid from your business's own accounts, separately from this setup fee. 

AZ
 
 

 

Professional Accountant

Mr. Tervel
Mihaylov
Mihaylov MAAT

📍 Bristol, United Kingdom

🌐 www.ttam.ltd

✉️ ttam.smarttax@gmail.com

☎️ Landline: +44 (0)117 463 1777

📱 Mobile: +44 (0)7887 043020

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