Frequently Asked Questions
Have some questions?
We have listed below some of the more common questions. However, if you can’t find the answer you are looking for, don’t hesitate to contact us as we would be more than happy to help.
Absolutely not! ICPA membership requires all members to maintain professional indemnity insurance (PI). For clients who have their own PI, we offer a Lite membership option, which provides all the benefits of membership at a reduced rate of £59 +VAT per month. If you choose to stay with your current insurer, you are entirely free to do so. To ensure compliance with membership requirements, if you retain your own PI cover, we will request a copy of your Insurance Certificate each year.
Yes, of course. You can become a member of ICPA at any time throughout the year and opt-in to take up the ICPA Professional Indemnity Insurance cover on the renewal date of your existing cover. You will have access to all the benefits of the membership and our team will transition you to our scheme at the right time for you.
Unlike other organisations, membership of the ICPA is a practice-based subscription, and we only charge an additional £19+VAT per month for each additional Partner/Director. So, for a three Director Company taking our Pro membership, the monthly cost would only be £127 + VAT (£89 for the firm and the first Director, plus an additional £19 for each of the other two Directors).
ICPA membership is only available to Accountants in Practice in the UK so all members are by default in Practice. We, therefore, issue a single Membership Certificate for the practice rather than the individual member.
As a member of the ICPA you are entitled to use the term ‘Independent Certified Practising Accountant’ on your letterheads, business cards and website and yes you can also use our logo, which will be provided to you in various formats on joining.