Most of the time, I get questions from Chartered Accountant Colleagues that do we need to pursue CPA or ACCA or some other additional degree before starting to work for Overseas clients? Or do we need to know the Taxation Laws before we start doing Bookkeeping? etc
The fact is a Chartered Accountant is more than ready skillwise to perform services like Bookkeeping and Accounting with the knowledge of GAAP.
Whether to expand the services later to Taxation or Payroll Processing etc is a question of the future. However I have seen many Firms starting from Basic Services and stick to that and rather scale up to a big level in Basic Services.
Acquiring an additional degree or skill like taxation would not magically make clients appear for your services.
Basically, the professionals are not having proper guidance on how to start in this field. First and foremost is the source of the clients. That's the reason why I created Outsourcing Practice Secrets Masterclass to guide someone who is starting from scratch with no experience or no direct contacts with the help of Freelancing site like Upwork initially and later from other direct channels.