From AAT apprentice to Co-Founder and CEO of Mazuma Posted 02/11/2026 by Christian Koch & filed under Apprentices, Apprenticeships, Career-boost. Lucy Cohen reflects on how her apprenticeship led to her setting up her successful firm Mazuma at just 23 years old. Lucy Cohen is CEO/co-founder of accounting firm Mazuma and was recently appointed AAT’s youngest-ever president. She started her finance career as an AAT apprentice, working in the accounts department of a Cardiff hotel. She co-founded Mazuma a few years later, aged 23 and with just £100 in her bank account. Today, the firm employs over 70 people and manages the accounts of 10,000 small business clients across the UK. How I got there: my apprenticeship-to-CEO journey I originally wanted to study media and drama at university, but it didn’t work out. Instead, I blagged my way into working as a production runner and ‘dance double’ on film sets. It wasn’t fulfilling, so I went to a careers officer who suggested working in accounting. I then walked across the road to the Jurys Inn Cardiff hotel and asked if they had any jobs in accounting. A few days later I was working there. I soon fell in love with accounting. My apprenticeship ultimately led to me starting Mazuma because I wanted to use my accounting skills to build a product for small businesses. What advice would you give your former apprentice self? Be prepared for knockbacks and don’t take rejection too hard. In the world of work, not everything will go your way, but there’s always opportunities to fix things. I once screwed up so badly as a 19-year-old apprentice, I thought I was going to be sacked from the hotel where I worked. I entered the wrong number on the SAP when doing a food/beverage order, resulting in me ordering 60 bottles of the wrong wine! I did get a telling-off from my FD for accidentally ordering this more expensive stock, but the hotel manager managed to sell the wine at a profit. It taught me a valuable lesson: when things go wrong, always take a breath and look at the bigger picture before flapping your gums. Apprenticeships also help build resilience. When you’re in university or higher education, it can be a supportive environment. But as an apprentice, you’re suddenly thrown into a world where you’re expected to be a grown-up. What’s the best way for a current AAT apprentice to follow in your footsteps? Be curious. When running a business, you need to be curious because nobody’s there to give you the answers – the buck stops with you. As CEO, you need to figure problems out for yourself. If you approach challenges with curiosity rather than fear, you’ll find ways to overcome them. We employ apprentices here at Mazuma. Alongside curiosity, I always look out for work ethic and enthusiasm in our trainees. If you ask your manager to spend a few hours shadowing payroll to learn more about the department, you’ll stand out. What did you learn as an AAT apprentice that you still use today as a CEO? One of the biggest benefits of being an apprentice is learning how to navigate how workplaces function early on. You’ll see first-hand what MDs, CEOs and CFOs actually do, plus learn how to operate in a multi-generational workforce. Because you may be working alongside people you don’t necessarily like, you end up developing some useful communication skills. I set up Mazuma at 23 with just £100 in my bank account, working from my spare bedroom. I sometimes look back and wonder why anybody trusted me – I was so young! I think they did because I was credible, thanks to my AAT qualification and the social skills my apprenticeship gave me. There used to be a stigma around apprenticeships, that they were inferior to university degrees. I think that’s gone now. People are doing the economic return-on-investment on university and thinking, ‘Do I want to spend £40,000 on something that has no guaranteed job afterwards?’ How has CPD helped you progress? I’m a dedicated lifelong learner – you never stop being an apprentice! Look at how quickly the world is changing. You can’t be like, ‘Well, it wasn’t like this when I studied!”. If you want to succeed in your career, you’ll have to learn new things. But that’s exciting: who wants to do the same thing all their lives? What’s the best way to raise your profile as an apprentice? Use personal development meetings to be clear about your ambitions. If you tell your line manager, “I want to be FD [Financial Director] in five years’ time: what do I need to do to get there?” they’ll guide you to the right experience and training. What’s the best way for apprentices to acquire leadership skills early in their career? Observe leaders and managers in action. In meetings and town halls, watch how managers communicate. Are they engaging? Do they feel accessible? Are people energised or switched off? Work out why they’re good (or bad) leaders. Sometimes you learn just as much watching a bad leader as a good one. Lessons for apprentices 1. If there’s an area of accountancy you want to work in, just go for it. So what if you work there for six months and you don’t enjoy it? Learning what you don’t enjoy is just as valuable as discovering what you do. 2. Challenge everything. Always look for a better way to do things. For example, if a project’s too slow, figure out what could be delaying it. 3. Keep your managers in the loop on projects. If a deadline is approaching and I haven’t heard from my team, my assumption as a CEO is that it isn’t going well. Silence before a deadline is never good.
Are you one of them? 864,000 sole traders and landlords face new tax rules in just two months Posted 02/05/2026 by AAT Comment & filed under Making Tax Digital, Members, Tax. Act now to prepare for Making Tax Digital for Income Tax (MTD for IT). From 6 April 2026, approximately 864,000 sole traders and landlords with qualifying income over £50,000 annually will need to: keep digital records, use MTD-compatible software and submit quarterly summaries of their income and expenses to HMRC. Qualifying income is gross income from self-employment and property before any tax allowances or expenses are deducted. HMRC is urging those in scope to read the guidance, choose software and sign up on GOV.UK. Those who use a tax agent should speak to them about preparing. What’s happening? From 6 April 2026, those eligible will need to use recognised software to keep digital records. They will also have to send HMRC light-touch quarterly updates of their income and expenses. These are not extra tax returns. And at the end of a tax year, those within MTD will still need to file a tax return by the following 31 January. How’s MTD for IT being introduced? Those joining MTD in April 2026 will still file their tax return for the 2025 to 2026 tax year in the usual way by 31 January 2027, as this covers the period before MTD begins. The first MTD tax return, covering the 2026 to 2027 tax year, will be due by 31 January 2028. Under the new system, penalty points will be given for each late submission, with a £200 penalty only applied once four points are reached. This means occasional slip-ups won’t result in immediate fines. To support the transition, the government has announced that customers joining MTD for IT in April 2026 will not receive penalty points for late quarterly updates, for the first 12 months. Tools available HMRC is providing a range of free support to help people prepare, including online guidance, webinars and videos. Free software options are available and once income and expenses are recorded, the software generates a simple summary to send to HMRC. The software will already hold the information from the quarterly updates, meaning no last-minute hunt for records or receipts when it comes to filing the end-of-year tax return. Who is exempt? Those who genuinely cannot use digital tools – the digitally excluded – can apply for an exemption. Further information and guidance are available on GOV.UK. For now, MTD only applies to those with gross income above £50,000. However, the threshold for qualifying income is going to get lower: anyone with gross income above £30,000 will need to comply with MTD from April 2027 the threshold decreases again to £20,000 from April 2028. What does HMRC say about MTD? Craig Ogilvie, HMRC’s Director of Making Tax Digital, said: “With two months to go until MTD for IT launches, now is the time to act. A range of software is available and the system is straightforward and helps reduce errors. Thousands of volunteers have already used it successfully. “This will make it easier for sole traders and landlords to stay on top of their tax affairs and help ensure everyone pays the right amount of tax. “Spreading your tax admin throughout the year means avoiding that last minute scramble to complete a tax return every January. Go to GOV.UK and start preparing today.”
From AAT apprentice to CFO and partner Posted 02/02/2026 by Christian Koch & filed under Apprentices, Career profiles, Career-boost. Former AAT apprentices Mark Clayton and Victoria Wainwright talk about stepping outside their comfort zones, the importance of kindness and how they’ll never stop being trainees. Mark Clayton is CFO of China 2 West Services (C2W), a manufacturing and supply chain management company. Victoria Wainwright is office managing partner at mid-tier accounting firm Azets. Both started as AAT apprentices. Here they give their advice to anybody hoping to tread the same path. How we got there: Our apprenticeship-to-CEO journeys Mark: I studied AAT as an apprentice at a local practice in Northumberland. In 2007, at 20 years old, I left the UK for a gap year in China with an AAT qualification and not much in my pocket. I was then offered a role as finance and sourcing manager at C2W, before building a career in China through hard work and the belief that anything’s possible. Victoria: I left school at 16 without a clear idea what I wanted to do. My grandmother spotted a job ad in the local paper for a role working at an accountancy practice. Luckily, I loved it! I completed my apprenticeship and became one of the first AAT-qualified people to study for a chartered accountancy qualification at ICAEW. I worked at Bradford-based firm Naylor Wintersgill for many years, becoming managing partner in 2012, and helped grow the firm until selling to Azets in 2023. Today, we have 80 employees across three offices in West Yorkshire. What advice would you give your former apprentice self? Mark: Back yourself more. Don’t let fear, self-doubt or your background limit your potential. You’re capable of more than you think. Victoria: Believe in yourself – you can do it! I wasn’t an academic high-flyer and failed some exams when studying for chartered qualifications. Determination and goal-setting will get you there. What’s the best way for a current AAT apprentice to follow in your footsteps? Mark: Don’t ignore the incredible learning experience in front of your eyes. AAT gives you real-world finance skills that employers genuinely value. What determines how far you’ll go is your mindset. Be curious, take responsibility early and don’t fear mistakes: people are more forgiving than you expect. Also, don’t pigeonhole yourself as ‘just finance’. Great CFOs understand operations, sales, IT, manufacturing, HR and customers – not just the numbers. Get out from behind the desk. Learn the business. Build relationships. That’s how you become indispensable. Victoria: Step outside your comfort zone. Push your boundaries and say ‘yes’ to opportunities, even if they feel like a stretch. And don’t hesitate to reach out for help from peers and mentors – people want to see you succeed. What did you learn as an AAT apprentice that you still use today as a CFO? Mark: Discipline. AAT taught me accuracy, ethics and the importance of doing the basics well – even when no one’s watching. As a CFO today with thousands of people depending on trust, those early lessons remain the bedrock of how I work. The second lesson? Humility. My apprenticeship taught me I’m always a student: a mindset that’s stayed with me for 20 years. Victoria: AAT developed my soft skills*. Being able to communicate with people, from the managing director to your colleagues is invaluable. We’ve got 10 apprentices today. Sometimes, trainees are shy when they start their jobs. AAT helps them come out of their shell; it’s always nice to see how quickly their confidence grows. *AAT refers to soft skills as power skills due to their value in the workplace. How has continuous professional development (CPD) helped you progress? Mark: Continuous learning is the reason I’m a CFO today. After AAT, I studied CIMA, earned a master’s in global management, became a CPA (certified public accountant) and constantly upskilled myself in areas beyond finance, such as supply chain, leadership, psychology, even diplomacy. I’m now learning AI. This isn’t just about logging CPD hours on an Excel sheet: it’s about becoming the kind of person who grows faster than your environment. Victoria: CPD has been vital in my career, helping me evaluate my work and deliver a good service to clients. What’s the best way to raise your profile as an apprentice? Mark: Be someone people want to work with. Deliver consistent results (nothing builds a reputation like reliability), volunteer for projects outside your comfort zone, ask thoughtful questions (curiosity shows ambition and intelligence), network and share your journey publicly. I use LinkedIn for this. Victoria: Get involved with networking, professional bodies and local societies. I became an ICAEW council member at 26-years-old and served on multiple boards, including the West & North Yorkshire Chamber of Commerce. I’ve also championed women in finance, hosted events, and supported girls in STEM. What’s the best way for apprentices to acquire leadership skills early in their career? Mark: Leadership starts long before you get a title. Learn to listen (great leaders understand before they speak), put people first and get involved in community/charity projects. My charity work has taught me more about leadership than any textbook ever could. Victoria: Be kind to everyone! If you make people feel valued, you’ll go a long way. Lessons for apprentices Mark: 1. Purpose matters. Fulfilment comes from having a career you’re proud of but also helping others. In 2011, I founded Come Together Community, a charity which has raised $455,000 (£337,000) for local causes. 2. Find a mentor. Whether it was the practice partner during my apprenticeship, my dad, or my boss/business partner in China, mentors have helped me grow. 3. Remember: your AAT apprenticeship gives you credibility! Victoria: 1. Always have a ‘can-do’ attitude. 2. Seek out a good mentor. They don’t have to be colleagues. 3. Positivity, passion and purpose. If you remain positive and have passion for what you do (you really need to care about your clients and work!) then you have the purpose for what you’re doing.
Professional Conduct in Relation to Taxation bodies publish guidance on using AI in tax Posted 01/30/2026 by AAT Comment & filed under Artificial intelligence, Ethics, Members. Essential guidance for accountants using AI tools in tax work. The seven Professional Conduct in Relation to Taxation (PCRT) bodies and associations, including AAT, have published guidance to help members apply the PCRT fundamental principles when using AI tools in tax work. Topical guidance covering the application of PCRT to the ethical use of artificial intelligence tools The topical guidance is intended to be read alongside the main PCRT guidance when considering the ethical use of AI for tax work. It: explains what is meant by AI; gives examples of how AI tools could be used in tax; and considers the use of AI tools in the context of the PCRT fundamental principles, including identifying possible ethical risks and safeguards to implement. Public scrutiny of tax avoidance on the global stage means that international standard setters, notably the International Ethics Standards Board for Accountants (IESBA), have now also set ethical standards for tax planning. The new PCRT, which took effect from 1 January 2026, reflects these developments in ethical standards. Further assistance If in doubt about the ethical considerations of a particular case, you should refer to PCRT and the associated Help Sheets (A-E) on the website, available under the heading ‘Professional conduct in relation to taxation (PCRT)’. You can also seek advice from AAT by emailing [email protected]. Review our guidance and helpsheets here.
Suspicious Activity Reports (SARs) annual report Posted 01/28/2026 by AAT Comment & filed under Anti-money laundering, Anti-money laundering, Members. The UKFIU’s SARs annual report is available now. We’ve also summarised the key points for you. A Suspicious Activity Report (SAR) alerts that certain client activity or transactions are in some way suspicious and might indicate money laundering or terrorist financing activity. It provides valuable information on potential criminality and protects you, your organisation and UK financial institutions from the risk of laundering the proceeds of crime. Those working in the regulated sector are obliged to report knowledge or suspicion to the UK Financial Intelligence Unit (UKFIU) via SAR portal. The UKFIU is positioned within the National Crime Agency (NCA) and are responsible for receiving, reviewing, triaging and disseminating received SARs. On behalf of the UKFIU, we would like to share their SARs annual report. Key points We encourage you to read the report in full, but we’ve summarised some key points: the new SARs portal for reporters have helped to improve the quality of SARs 866,616 SARs were received (a decrease from 872,048 in the previous reporting period) the accountancy sector submitted 0.71% of all SARs received in the reporting period – banking and financial services continue to represent the largest proportion of SAR reporters the highest amount of assets ever denied from Defence Against Money Laundering (DAML) requests was recorded an average turnaround time for decisions for all DAML requests decreased from 3.11 days (in 2023-24) to 2.8 days the UKFIU received more inbound intelligence requests than any other Financial Intelligence Unit worldwide. We also encourage you to read the following articles: Important update to all regulated firms: UKFIU guidance library AAT’s annual report Further guidance Further guidance and support on risk management and other components of Money Laundering Regulations compliance is available on our AML webpage. You can also contact us on +44 (0)20 7367 1347 or via email at [email protected]. Future of supervision On 21 October 2025, the Government confirmed that the AML supervision for accountancy, legal and Trust and Company Service Provider sectors will move to a single professional services supervisor (SPSS), specifically the Financial Conduct Authority. While this is a big shift, implementation is likely to take years. In the meantime, AAT will continue as the AML supervisor for our licensed members and carry out our normal responsibilities, including Practice Assurance Reviews and risk assessment activities. Therefore, our members must ensure full compliance with the MLR 2017. More on the consultation response can be found here.
Important changes in relation to the Register of Overseas Entities Posted 01/28/2026 by AAT Comment & filed under Anti-money laundering, Anti-money laundering, Members. What you need to know about verifying beneficial owners, and reporting discrepancies. The Register of Overseas Entities (ROE) came into force on 1 August 2022 through the new Economic Crime (Transparency and Enforcement) Act 2022. Overseas entities that want to buy, sell or transfer property or land in the UK must register with Companies House. Additionally, verification checks on their registrable beneficial owners or managing officers must be carried out a UK-regulated agent before they can be added to the ROE. What has changed? Regulation 28 of the MLR 2017 Firms cannot use the ROE as a sole source of information to verify beneficial ownership. This expectation already exists when it comes to verifying Person/s with Significant Control (PSC) on Companies House. Firms should use multiple sources of information when verifying beneficial owners. Regulation 30A of the MLR 2017 The ROE has been added to the discrepancy reporting regime. If information you obtain from the ROE conflicts with what your client has provided, you must report it to Companies House. You must only report a material discrepancy if it can reasonably be linked to one or more of the following: money laundering terrorist financing concealing details of the business of the customer. Examples of ‘material discrepancy’ include: A difference in name, a missing entry for a PSC or a registrable beneficial owner; an incorrect entry for: nature of control, date of birth, correspondence address, for the date the individual became a registrable person. Companies House are reminding that a discrepancy report should not be used in place of a SAR and vice versa. In some cases, both – a SAR and a discrepancy report will have to be submitted. For more information, please refer to Companies House’s guidance. What does it mean for you? Update your firm’s AML policy and Client Due Diligence (CDD) procedures without delay. If you have staff members, ensure they are aware of these changes and follow the updated processes. Further guidance Further guidance and support on risk management and other components of Money Laundering Regulations compliance is available on our AML webpage. You can also contact us on +44 (0)20 7367 1347 or via email at [email protected]. Future of supervision On 21 October 2025, the Government confirmed that the AML supervision for accountancy, legal and Trust and Company Service Provider sectors will move to a single professional services supervisor (SPSS), specifically the Financial Conduct Authority. While this is a big shift, implementation is likely to take years. In the meantime, AAT will continue as the AML supervisor for our licensed members and carry out our normal responsibilities, including Practice Assurance Reviews and risk assessment activities. Therefore, our members must ensure full compliance with the MLR 2017. Find more on the consultation response here.
Latest issue of SARs In Action magazine Posted 01/27/2026 by AAT Comment & filed under Anti-money laundering, Anti-money laundering, Members. The UK intelligence Financial Unit (UKFIU) has published issue 34 of the SARs In Action magazine. Issue 34 of the SARs In Action magazine covers: New UKFIU guidance Tackling bribery and corruption in the UK Fraud by OCGs against the Student Finance System SAR case studies. We strongly encourage you to review the magazine as its content can be used as part of your internal AML training. Ensure that you and your relevant employees keep your AML knowledge current and aligned with the sector-relevant knowledge. Do not forget to keep a written record of ongoing CPD in AML. Read the magazine here. Further guidance Further guidance and support on risk management and other components of Money Laundering Regulations compliance is available on AAT’s AML webpage. You can also contact us on +44 (0)20 7367 1347 or via email at [email protected]. Future of supervision On 21 October 2025, the Government confirmed that the AML supervision for accountancy, legal and Trust and Company Service Provider sectors will move to a single professional services supervisor (SPSS), specifically the Financial Conduct Authority. While this is a big shift, implementation is likely to take years. In the meantime, AAT will continue as the AML supervisor for our licensed members and carry out our normal responsibilities, including Practice Assurance Reviews and risk assessment activities. Therefore, our members must ensure full compliance with the MLR 2017. You can find more on the consultation response here.
From AAT apprentice to CEO of RSM Posted 01/27/2026 by Christian Koch & filed under Apprentices, Career profiles, Career-boost. Rob Donaldson tells us about the importance of staying curious, challenging yourself every day and presenting your work well. Rob Donaldson is CEO of RSM UK, but he began his career as an AAT apprentice at a small company which was later acquired by RSM. He tells us how he progressed from an apprentice to a CEO, and gives us tips on how you could do it too. My apprenticeship-to-CEO journey I started at a small firm in 1990, which was later bought by RSM. In 1996 I moved to a Big Four firm to learn a new discipline, Mergers & Acquisitions (M&A). But when I got the chance to return to RSM and build something from scratch I took a risk and jumped at that opportunity. That was in 2000. I was made an M&A partner in 2001, was asked to lead the London corporate finance business in 2008, the national team in 2013 and then adding on the restructuring team in 2018. I became CEO two years later in 2020, a few weeks into Covid. If you could go back and give your apprentice-self one piece of advice, what would it be? Some careers follow a straight path, some zigzag. I started mine more by accident than design, but none of that mattered in the end. What mattered was showing up, doing my best, being curious and taking opportunities when they came. Many unexpected opportunities turned out to be the most rewarding as they taught me the most – my current job included! So, I’d tell my younger self: you don’t need to have it all figured out. The path will become clear as you go. Do your best every day What’s the best way for an AAT apprentice to follow in your footsteps? My first suggestion is not to try and ‘plan to become a CEO’. My own career wasn’t planned. I failed my A levels and fell into this profession through a job advert. Nothing about my early journey was deliberate. I’d say it’s about always learning, trying to improve what you do and trying to make a positive impact. Do your best for your clients, every day, take the opportunities that come your way and create opportunities by putting yourself forward to do more. In the end, you progress if people see that you can add value. Don’t expect that to just happen, it’s your job to help people see [your value]. It’s your job to make it happen. The other key bit of advice is to always be curious about the businesses you’re working with. Don’t just turn up, do your job and move on. Try to understand what’s going on in those businesses, what challenges they’re facing and how you might be able to help them, either through what you do, or by bringing in others with the right expertise or experience. Find out “why” What did you learn as an AAT apprentice that you still use today as a CEO? Understand why you’re doing what you’re doing. When you’re starting out, it’s hard. You’re given tasks and you might not quite understand how they fit into the whole picture. But the more you understand the context – the client’s business, the wider purpose of your work – the better you’ll do. That curiosity about the ‘why’ has stayed with me. Whether doing M&A deals or running the firm, I have to understand the business, what we’re trying to achieve and how I can make a difference. I ask “why” a lot… Why do we do it like that? It is often a catalyst for change. What role did continuous professional development and learning play in your journey? Continuous learning is important. I did my AAT, then ACA, then moved from audit into corporate finance. That meant learning new skills, understanding different parts of the business and being willing to step outside my comfort zone. These principles have been relevant for my entire career, including my role today. Presentation matters What’s the best way to raise your profile as a young apprentice? Do great work and present it properly. Your work must be technically accurate, but packaging and the presentation of what you do is just as important. Don’t let yourself down at the last hurdle with sloppy formatting, errors or poor presentation. Learning how to communicate and present what you do in an easily digestible form is a key skill that can take you a long way. I don’t have many superpowers but one of them is an ability to think carefully about what I am trying to communicate and present that in an interesting way that leaves people with a clear understanding of what I want them to do. If you do great work for clients, people notice. It gives colleagues confidence in you; it gives clients confidence in your business. Work well with other people Beyond that, be someone who shares ideas. If at some point you think “Why are we doing it like this? Could we do it differently?” then share those ideas. If they don’t get taken up, don’t be discouraged. Keep thinking about how things could be done better. And don’t be a lone wolf. Succeed together. Play as a team. In my experience, the people who progress fastest are the ones who help others, who think about the whole, not just their own patch. What’s the best way to acquire leadership skills early in your career? Take responsibility for helping others learn. That sounds simple, but it’s powerful. When you’ve been in the business a year and new people come in underneath you, you have a responsibility to help them learn, to pass on what you’ve been given. That’s the beginning of a leadership journey. Lessons for apprentices The lesson for apprentices today? Three things. Don’t think you need to have it all mapped out and don’t expect it to all just happen overnight. Focus on doing excellent work, spotting opportunities to help clients and being someone who makes things happen. If you can demonstrate you’re not stuck in a narrow box – that you understand the wider business – you’ll progress faster. To be great at what you do takes time, persistence, self-reflection and honesty. You have to take what you did yesterday and do it a bit better. And then do it better again the next day. That’s how over time you become excellent. Challenge yourself, every day.
From study to strategy: how to think like an accountant before you qualify Posted 01/22/2026 by Harry Rogers & filed under Students. Thinking like an accountant isn’t about memorising standards or formulas. It’s about developing judgment, confidence and the ability to apply what you’ve learned to real-life decisions. All successful AAT students will pass the exam, move on to the next unit and repeat until they qualify as an accountant. What sets you apart is how you switch your mindset from study to strategy. Employers don’t just ask what you know. They want to understand how you think. This is where the shift from study to strategy begins. Even before you qualify, you can start building this mindset at any level of your studies. What does it mean to “think like an accountant”? Thinking like an accountant is less about titles and more about approach. At every level, accountants are problem-solvers and advisors, not just processors. To be strategic in your thinking means that you can look beyond the numbers, ask thoughtful questions and consider the impact of decisions, not just compliance. Here are six things you can do to begin shifting your perspective and build your confidence for the future. 1. See the bigger picture, not just the calculation When studying, it’s tempting to focus on how to do something by following the rules and the formulas. To think strategically, you may also ask: Why does this matter? Who uses this information? What decision might this support? For example, you could say: ‘financial statements aren’t just reports, they communicate confidence and credibility.’ By linking technical tasks to real-world outcomes, you start thinking beyond exam success. 2. Develop a questioning mindset Accountants add value by being curious, so it’s important when reviewing information to be asking yourself plenty of questions. This approach applies whether you’re reconciling accounts, processing invoices or analysing performance. Asking good questions shows engagement and helps prevent errors before they become problems. You don’t need all the answers but showing that you ask the right questions builds trust. 3. Turn theory into practical judgment Your AAT studies give you rules and frameworks to follow so that you can apply this into real-world accounting where judgement is needed. That means learning to prioritise what matters most and balancing accuracy with deadlines Good accountants will also recognise materiality, not just perfection and adapt when information is incomplete. They also know when to escalate, when to investigate further, and when information is “good enough” to support a decision. In exams the numbers are clean and complete. In practice, they rarely are. Learning how to work with uncertainty is part of becoming a confident professional. 4. Think like a problem-solver, not just a task-doer It’s easy to fall into the mindset of just doing what’s asked. Strategic thinkers look one step ahead. Instead of: “This is the report I was told to prepare.” Try thinking: “What problem is this report trying to solve?” This shift helps you to anticipate follow-up questions, present information more clearly and add insight, not just output. Employers value people who reduce problems, not pass them on. 5. Build commercial awareness alongside technical skill Accounting doesn’t exist in isolation. Every number is connected to a wider organisation, industry or economy. You can build commercial awareness by: Reading financial news and business updates. Noticing how organisations make and spend money. Thinking about risk, sustainability and growth. Asking how financial decisions affect people, not just profit. This awareness helps you communicate more effectively with non-financial colleagues and prepares you for advisory-style roles later in your career. 6. Confidence comes from application, not perfection Many students feel they need to be “fully qualified” before offering opinions or ideas, but confidence grows through practice. A way of growing in confidence might be to apply what you know, even if it feels strange at first, and positively reflecting on the feedback to learn from the experience so you can do better next time. Development is expected at every stage of your career so understanding this from early on can help you along the way. Thinking like an accountant is a journey and it starts long before you pass your exams. From student mindset to professional outlook Your AAT studies are more than exam preparation. They are training you to think responsibly, ethically and strategically. By practising the habits of professional thinking now – questioning, analysing, connecting theory to real life – you’re not just passing exams, but shaping your future career. Further reading How to build your personal brand while studying AAT The career pathways available to AAT students and the skills needed for your future 6 ways to improve your communication skills during phone calls
From apprentice to boss: Relationships and stakeholder management reign supreme Posted 01/22/2026 by Christian Koch & filed under Apprentices, Apprenticeships, Career-boost. Interpersonal skills are essential to develop if you’re ambitious. As seniority increases, roles become more focused on relationships and less on technical work, which can be passed to more junior colleagues. That means anyone who plans to climb the career ladder should learn interpersonal skills alongside technical ones. Become a buddy Karen Young, Director of accountancy & finance, Hays, the recruitment expert: “Many apprenticeships have a ‘buddy scheme’, which can be great for developing leadership skills. Even if your firm doesn’t have a formal scheme, suggest you’d be happy to act as a buddy to a new hire and steer them through their apprenticeship.” Gareth John, Policy Director, First Intuition, the training provider: “Sometimes I see 20- and 21-year-old school-leaver apprentices being buddies or even managing graduates who are older than them.” Find a mentor if you can The training provider: “A mentor can help turbo-charge your career. If your company doesn’t have a mentorship scheme, try approaching your CFO, FD or department manager to see if they’ll mentor you.” Chris Argent, Founder, Generation CFO, The CFO: “Some budding CFOs might think they don’t need mentors because they can just ask ChatGPT for professional advice. However, if you want to be exceptional and get to senior roles quicker, a mentor can help you stay motivated on your path towards these jobs.” Work the room: Network whenever possible The recruitment expert: “Networking early in your career can set you up for the future. Start building relationships with your immediate circle such as colleagues, managers or fellow apprentices. These connections can lead to opportunities now and in the future. Attending events and webinars hosted by the AAT or others can help you meet more experienced professionals. Try preparing a short elevator pitch to introduce yourself confidently – which you can draw on at any networking event.” Join a community of your peers The CFO: “Things are changing so quickly in the world of accountancy right now. One of the best ways to get a consensus on what’s happening is speaking with a peer group or community outside your organisation. Communities such as Generation CFO can also act as therapy: they’re a super-powerful ‘tribe’ who you can discuss things with that you wouldn’t be able to with your partner or colleagues/boss. Shout about your achievements The training provider: “With hybrid and remote working, it’s important to ensure your achievements are visible. At the end of the week, send an email to your boss updating them of work you’ve finished and are proud of.” The recruitment expert: “Create a strong LinkedIn profile. Join professional groups on the platform and engage with industry content to raise your visibility. If you’ve done a good job on a project, don’t be afraid to ask for a LinkedIn recommendation from colleagues.”