What qualifications do i need to become an accountant?
Im guessing i will have to go to uni, but what will i need to get me there? I got good GCSE grades but never did my A levels. Although i do have a nvq level2 in business admin & nqv level3 in customer service, also level2 ECDL. I know to get into uni it goes on a point system, will the qualifications i have get me in or will i have to do my A levels? Also, I work with Sage and do the purchase and sales ledger for the company i work for... Is there some way I could train through work instead of going to uni?
Careers & Employment - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
From the level you are in, get to an accounts school, start from level 1 get CPA 1 , CPA II, upto CPA III Section VI Certificates. After doing those papers you will be in the highest qualified accountant cadre.
Answer 2 :
You can actually go to uni. From what I can see you are a mature student so you could be accepted onto an accountancy degree with your relevant work history.
Answer 3 :
You don't need to go to Uni. You could actually go along the AAT route (Association of Accounting Technicians) like I did. This course is done at college, part time, over 2-3 years. You then get exemptions from your professional exams.(ACA/ACCA/CIMA). Some employers will support you in getting these qualifications (mine does) or you can do it at night class.
Answer 4 :
go to uni and do a 4 year honors degree in accountancy, but this does not mean u will be a qualified accountant. my boyfriend has an honours degree in accountancy but he said he had to do a further qualification to be quailified x
Answer 5 :
There are two ways to become an accountant either though training or though an accounts degree. Your first step would be to do an accountant techcians course such as CAT. Then you can either do a degree and be a qualified but not a chartered accountant or do the ACCA or CIMA. i have finished the irish version of the accounting technicans course and it took me 2 years to complete the exams and i am currently working my way towards the required 2 years work experience before i can become a member. The techicans exams allow you to skip the first year of any accountancy degree and the professional exams. Definately worth doing. Try these websites for more information: http://www.acca.co.uk/ www.cimaglobal.com/ www.iati.ie Hope you find what you are looking for. xx
Read more other entries :
Saturday, December 28, 2013
Saturday, December 14, 2013
I've changed accountants and now my old accountant is refusing to release my books?
I've changed accountants and now my old accountant is refusing to release my books?
Just wondering is this allowed He is now claiming I owe him money for phone calls, correspondce etc since i last paid.
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Nope
Answer 2 :
No. Unless you haven't paid his bill, in which case he's holding them to ransome.
Answer 3 :
he is looking for a fee
Answer 4 :
Absolutely not! Those books are your property because they contain your information and none of his information. He was just providing a service to you. As long as you've paid him for his services, then the books are yours.
Answer 5 :
legally the books are yours, however if you owe him for work then he can argue that some of them are his until you pay him. however he has to have made that clear in his T+Cs, or on correspondence received by you before you gave them to him.
Read more other entries :
Just wondering is this allowed He is now claiming I owe him money for phone calls, correspondce etc since i last paid.
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Nope
Answer 2 :
No. Unless you haven't paid his bill, in which case he's holding them to ransome.
Answer 3 :
he is looking for a fee
Answer 4 :
Absolutely not! Those books are your property because they contain your information and none of his information. He was just providing a service to you. As long as you've paid him for his services, then the books are yours.
Answer 5 :
legally the books are yours, however if you owe him for work then he can argue that some of them are his until you pay him. however he has to have made that clear in his T+Cs, or on correspondence received by you before you gave them to him.
Read more other entries :
Saturday, December 7, 2013
How can you train to be an accountant while holding down a full time job?
How can you train to be an accountant while holding down a full time job?
I don't have any qualifications in this field so it would be starting from scratch.
Other - Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Do what the rest of us do and join night school training or on-line training at home.
Answer 2 :
Its hard work but I did it. I left school with nothing and then at 20 thought what a waste. I was just an assistant in an accouting office of a manufacturing firm & really fancied the job of the manager as it looked so interesting. So I applied to go to college to the AAt (Association of Accounting Technicians), this took 3 years, then I did the ACCA (Association of Chartered Certified Accountants) which took another 3 years, I did it all at night classes, which was generally 3 hrs, 2 nights a week. It was worth as now I can earn lots more money and there are lots of opportunity.
Answer 3 :
Unless you work for an accountancy firm or in an accounting department, you can't. The AAT and ACCA (and other accountancy qualifications) are vocational training courses that require on-the-job training. If you have a degree (in any subject) you can apply for trainee accountant positions. Without a degree you'd have to start looking for Trainee Accounting Technician vacancies, or simply look for admin positions in an accountancy firm (as the answerer above did).
Read more other entries :
I don't have any qualifications in this field so it would be starting from scratch.
Other - Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Do what the rest of us do and join night school training or on-line training at home.
Answer 2 :
Its hard work but I did it. I left school with nothing and then at 20 thought what a waste. I was just an assistant in an accouting office of a manufacturing firm & really fancied the job of the manager as it looked so interesting. So I applied to go to college to the AAt (Association of Accounting Technicians), this took 3 years, then I did the ACCA (Association of Chartered Certified Accountants) which took another 3 years, I did it all at night classes, which was generally 3 hrs, 2 nights a week. It was worth as now I can earn lots more money and there are lots of opportunity.
Answer 3 :
Unless you work for an accountancy firm or in an accounting department, you can't. The AAT and ACCA (and other accountancy qualifications) are vocational training courses that require on-the-job training. If you have a degree (in any subject) you can apply for trainee accountant positions. Without a degree you'd have to start looking for Trainee Accounting Technician vacancies, or simply look for admin positions in an accountancy firm (as the answerer above did).
Read more other entries :
Sunday, December 1, 2013
Can I train to be and accountant and if so where do I start?
Can I train to be and accountant and if so where do I start?
Im 25, have good gcse's. I went to college and did health and social care and then went to uni to train as an OT. I am now working in care although this is not for me. I am interested in accountancy but is it too late? If not where do I start? I have a baby so I would have to study from home.
Health Care - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Its not to late, but to be a professional chartered accountant it will take up to 5yrs, for a certified 3yrs.. You can go through learn direct, in the uk not sure about elsewhere,, but even study accountancy, or book-keeping they are all useful, to work from home
Answer 2 :
It's never too late. Best thing to start with is to study AAT (Accounting Technician) to learn the basics then progress to either ACCA or CIMA to become certified as an accountant. Even when you are only part qualified you can get good jobs within a finance environment.
Answer 3 :
you'd have to go back to college for at least 2-3 more years, since most of the courses you took have nothing to do with business or accounting. I think I had at least 60 credits in business courses including 24-27 credit in Accounting to get my Bachelors Accounting degree. there are online colleges for business degrees, but you're probably talking $400 per credit on up ($1200+ per 3 credit class plus books)
Read more other entries :
Im 25, have good gcse's. I went to college and did health and social care and then went to uni to train as an OT. I am now working in care although this is not for me. I am interested in accountancy but is it too late? If not where do I start? I have a baby so I would have to study from home.
Health Care - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Its not to late, but to be a professional chartered accountant it will take up to 5yrs, for a certified 3yrs.. You can go through learn direct, in the uk not sure about elsewhere,, but even study accountancy, or book-keeping they are all useful, to work from home
Answer 2 :
It's never too late. Best thing to start with is to study AAT (Accounting Technician) to learn the basics then progress to either ACCA or CIMA to become certified as an accountant. Even when you are only part qualified you can get good jobs within a finance environment.
Answer 3 :
you'd have to go back to college for at least 2-3 more years, since most of the courses you took have nothing to do with business or accounting. I think I had at least 60 credits in business courses including 24-27 credit in Accounting to get my Bachelors Accounting degree. there are online colleges for business degrees, but you're probably talking $400 per credit on up ($1200+ per 3 credit class plus books)
Read more other entries :
Thursday, November 28, 2013
What is the difference between an accountant and an actuary?
What is the difference between an accountant and an actuary?
What does each do? I am thinking of these as possible career ideas but I don't know much about them. Any help appreciated! Thank you!
Financial Services - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
sorry your not bright enough to be either if you have to ask that question on here instead of going to web related sites for that kind of profession
Answer 2 :
An accountant is someone who works with money in a company to make everything work. They do things like assigning budgets to different departments, checking bills of expenses etc. This job is thought of as boring to most people, its mostly number crunching. An actuary is a business professional who deals with the financial impact of risk and uncertainty. They look at how likely it is that the customer won't pay back a loan, whether buying that new piece of equipment will make the company money, etc. it requires a deep and thourgh understanding of financial and statistical models. It is also one of the most highly paid professions in the world.
Answer 3 :
an accountant deals with financial accounting of a company to produce a profit and loss statement and an annual report of assets and liabilities. An actuary calculates risk for insurance policies etc.
Answer 4 :
Actuaries are people who found accountancy too exciting.
Answer 5 :
Actuaries are people who found accountancy too exciting.
Answer 6 :
Actuaries are actually good at math... haha sorry. Anyways, actuaries deal with calculating risks for companies like injury, disability, and even death. Accountants jobs can vary from whether or not you are working in a public or private firm. Generally the bottom line is that you're dealing with numbers and managing money.
Answer 7 :
Actuaries have to have a very good head for maths but accountants do not. Most the the work actuaries do relates to invesments - valuations and assessments of the risks of investment portfolios which means you have to understand statistics, calculus etc. Accountants don't need any math techniques above addition, subtraction, multiplication & division...and those you do using a calculator or spreadsheet. Actuaries used to get paid more because graduates of any subject can become accountants but only people good at math can become actuaries. However over the next couple of years the demand for actuaries will fall as they are so specialist to pensions & insurance whereas accountants may be laid off from financial services but can get work doing insolvency (winding down companies going bankrupt)
Answer 8 :
You have good query, ask your question to Training8m, Queensland, Australia, Training8m Corporate Technologies Pty Ltd., Australia
Read more other entries :
What does each do? I am thinking of these as possible career ideas but I don't know much about them. Any help appreciated! Thank you!
Financial Services - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
sorry your not bright enough to be either if you have to ask that question on here instead of going to web related sites for that kind of profession
Answer 2 :
An accountant is someone who works with money in a company to make everything work. They do things like assigning budgets to different departments, checking bills of expenses etc. This job is thought of as boring to most people, its mostly number crunching. An actuary is a business professional who deals with the financial impact of risk and uncertainty. They look at how likely it is that the customer won't pay back a loan, whether buying that new piece of equipment will make the company money, etc. it requires a deep and thourgh understanding of financial and statistical models. It is also one of the most highly paid professions in the world.
Answer 3 :
an accountant deals with financial accounting of a company to produce a profit and loss statement and an annual report of assets and liabilities. An actuary calculates risk for insurance policies etc.
Answer 4 :
Actuaries are people who found accountancy too exciting.
Answer 5 :
Actuaries are people who found accountancy too exciting.
Answer 6 :
Actuaries are actually good at math... haha sorry. Anyways, actuaries deal with calculating risks for companies like injury, disability, and even death. Accountants jobs can vary from whether or not you are working in a public or private firm. Generally the bottom line is that you're dealing with numbers and managing money.
Answer 7 :
Actuaries have to have a very good head for maths but accountants do not. Most the the work actuaries do relates to invesments - valuations and assessments of the risks of investment portfolios which means you have to understand statistics, calculus etc. Accountants don't need any math techniques above addition, subtraction, multiplication & division...and those you do using a calculator or spreadsheet. Actuaries used to get paid more because graduates of any subject can become accountants but only people good at math can become actuaries. However over the next couple of years the demand for actuaries will fall as they are so specialist to pensions & insurance whereas accountants may be laid off from financial services but can get work doing insolvency (winding down companies going bankrupt)
Answer 8 :
You have good query, ask your question to Training8m, Queensland, Australia, Training8m Corporate Technologies Pty Ltd., Australia
Read more other entries :
Thursday, November 14, 2013
How much does a good accountant cost in the London area on a monthly basis?
How much does a good accountant cost in the London area on a monthly basis?
Chartered would be preferable, but certified is fine so long as they are credible and have a good track record. How much would annual retainer cost whereby year end accounts and general ongoing advice and VAT returns are managed? Any advice would be much appreciated.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
there is no set fee for accountants, it also depends what area they and you are in, why not contact a few and ask?
Answer 2 :
What is your Turnover and Profit, are you a Limited Company, are you turning over in excess of £6.5 Million, do you have property Income, Interest, Foreign Business Income etc. Without this information it’s very hard to estimate what they would charge. By the way, why do you want a chartered/certified Accountant? They will only take as much money as they possibly can off of you for doing the same job as a non chartered/certified Accountant. It's 5-10 times the price and you don't get anything extra from them. I guess its personal choice, some people like to get their car serviced at the dealer and pay 3 times as much as a normal mechanics (even though a 16 year old apprentice will probably still be working on the car) You will probably struggle to find a chartered/certified Accountant in London for less than £1,000 a year, if you are VAT registered it will be more and if you want monthly book-keeping it will be more Hope this helps Richard
Read more other entries :
Chartered would be preferable, but certified is fine so long as they are credible and have a good track record. How much would annual retainer cost whereby year end accounts and general ongoing advice and VAT returns are managed? Any advice would be much appreciated.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
there is no set fee for accountants, it also depends what area they and you are in, why not contact a few and ask?
Answer 2 :
What is your Turnover and Profit, are you a Limited Company, are you turning over in excess of £6.5 Million, do you have property Income, Interest, Foreign Business Income etc. Without this information it’s very hard to estimate what they would charge. By the way, why do you want a chartered/certified Accountant? They will only take as much money as they possibly can off of you for doing the same job as a non chartered/certified Accountant. It's 5-10 times the price and you don't get anything extra from them. I guess its personal choice, some people like to get their car serviced at the dealer and pay 3 times as much as a normal mechanics (even though a 16 year old apprentice will probably still be working on the car) You will probably struggle to find a chartered/certified Accountant in London for less than £1,000 a year, if you are VAT registered it will be more and if you want monthly book-keeping it will be more Hope this helps Richard
Read more other entries :
Thursday, November 7, 2013
Can I get a job as an accountant with a bachelor's degree in English Philology and master in Finances and Acco?
Can I get a job as an accountant with a bachelor's degree in English Philology and master in Finances and Acco?
Hi! Can I get a job as an accountant (not a bookeeper) with a bachelor's degree in English Philology and master in Finances and Accounting? Is bachelor in Finances and Accounting or something similar needed?
Other - Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It's usually enough that you have a degree. A related degree can give you exemption from some parts of your professional studies. My stepson had a degree in Psychology and was taken on as a trainee chartered accountant by one of the big firms. Good luck!
Read more other entries :
Hi! Can I get a job as an accountant (not a bookeeper) with a bachelor's degree in English Philology and master in Finances and Accounting? Is bachelor in Finances and Accounting or something similar needed?
Other - Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It's usually enough that you have a degree. A related degree can give you exemption from some parts of your professional studies. My stepson had a degree in Psychology and was taken on as a trainee chartered accountant by one of the big firms. Good luck!
Read more other entries :
Friday, November 1, 2013
How much would an Accountant charge in Scotland for filing in a tax return?
How much would an Accountant charge in Scotland for filing in a tax return?
I have done all the year end stuff, just need someone to do the tax return.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Why don't you just pick up the telephone and ask an appropriate firm. Gather about three quotes to get a feel for the general cost of the service. ;)
Answer 2 :
Ranges between £100 - £200 depending on the complexity of the return...........For good accountancy firms !
Read more other entries :
I have done all the year end stuff, just need someone to do the tax return.
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Why don't you just pick up the telephone and ask an appropriate firm. Gather about three quotes to get a feel for the general cost of the service. ;)
Answer 2 :
Ranges between £100 - £200 depending on the complexity of the return...........For good accountancy firms !
Read more other entries :
Monday, October 28, 2013
Do I need an accountant to be self employed in UK?
Do I need an accountant to be self employed in UK?
I am doing building work (small jobs) for 1 month on my own and receive cash payments. I have all records of my income and expenses. I want to be self employed. Do i need an accountant for this OR i can be registered myself..... IF YES PLEASE GIVE ME STEPS OF PROCEDURE TO BE REGISTERED AS A SELF EMPLOYED. Many Thanks for your help and time.
United Kingdom - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If its all cash, then don't bother. They will expect you to pay taxes. If you want to register, you need to call the business registry and get a business number. \You don't need an accountant. You can use simple tax software to do your own tax return.
Answer 2 :
Not at all! Firstly, if you are already keeping all your records of your income and expenditure then you are already doing the bulk of what you'd pay an accountant, or bookkeeper, for. If you contact your local tax office, they will happily send you out both any forms needed to register as self employed and the forms you'll need to make your tax return (these are what tend to scare people into getting an accountant, but they are really easy to fill in and come with a booklet explaining everything). A hint to avoid the common mistake of getting hit with a tax bill that you can't afford to pay is to put 25% of the profit that you make from each job into a separate bank account, so when your tax bill arrives, you'll have more than enough in that account to pay it (that's where many self employed people get themselves into trouble, by not setting anything aside for their tax bill and suddenly getting hit with a bill they can't afford to pay).
Answer 3 :
You don't need an accountant, but if you do this for more than one month, an accountant will almost certainly save you more than he costs. You don't need to register as self employed, but you do need to let the tax man (HMRC) know - you can earn £7475 a year before you have to pay any taxes.
Answer 4 :
To register - write to HMRC (address on their website), say you are doing this work and want to be set up in Self Assesment. They set up a record and notify you. You registr online, password by snail mail, you are now online and all set up. You must keep full records, you must have a separate business bank account, you must submit tacx return correctly and on time. You are urged to keep money back for the bill. Calcuator is online at the website again. If doing building work you might be required to register for the Construction Industry Scheme (CIS for short - a card lets you work for the big builder companies). An accountant might save a little but the website gives a lot of guidance.
Answer 5 :
You do not need one but when I was self employed I was glad I got one. He knew about tax allowances I had never heard of and saved me far more money than I paid him. He can also advise on VAT. For example it is not compulsory to register for VAT unless your turnover is above £73000 per year but you can register voluntarily. If you are not registered you pay VAT on what you buy but you cannot claim it back. It nay be beneficial to register voluntarily in order to claim back the VAT you pay.
Answer 6 :
Firstly, its too late to "want" to be self-employed. As soon as you do anything with a view to generating income you are self-employed. Clearly this happens when you actually do your first job, but if you have done (for example) advertising before that then you would have become self-employed then. All you need to do is to inform (you do not "register") HMRC that you are now self-employed. They will then arrange for you to pay regular Class 2 NI contributions (£2.50 per week) and for you to receive a tax self-assessment form at the appropriate time. At no stage do you need an accountant and you could trade for many years without using one. However, accountants will know all the tricks, allowances, reliefs, etc that will enable you to minimise the tax you have to pay, and keep your finances fully legal. There is nothing to stop you doing this research yourself, so whether (or when) you use an accountant is up to you. But in general the more money you are making the more likely it is that an accountant will actually pay for himself with what he saves you. Even if you do consult an accountant occassionally, I would suggest you don't pay him to do the simple things you could do yourself. IE don't ask him to register with HMRC for you, or keep your books on a daily basis, or fill in your self-assessment form, etc. Its not worth paying someone who charges £100s per hour to fill in forms.
Answer 7 :
First of all you must register with HMRC and you must pay tax on your income. You must register with them within 3 months of starting doing the self employed work. If you are OK with keeping your records - eg on an Excel spreadsheet then you don't really need an accountant so long as you keep things fairly simple. While they still exist contact Businesslink and get on their courses but be quick because they are being disbanded in November.
Answer 8 :
Read this: http://www.hmrc.gov.uk/selfemployed/register-selfemp.htm You don't have to use an accountant, but I'd recommend you do as you obviously need some help.
Read more other entries :
I am doing building work (small jobs) for 1 month on my own and receive cash payments. I have all records of my income and expenses. I want to be self employed. Do i need an accountant for this OR i can be registered myself..... IF YES PLEASE GIVE ME STEPS OF PROCEDURE TO BE REGISTERED AS A SELF EMPLOYED. Many Thanks for your help and time.
United Kingdom - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If its all cash, then don't bother. They will expect you to pay taxes. If you want to register, you need to call the business registry and get a business number. \You don't need an accountant. You can use simple tax software to do your own tax return.
Answer 2 :
Not at all! Firstly, if you are already keeping all your records of your income and expenditure then you are already doing the bulk of what you'd pay an accountant, or bookkeeper, for. If you contact your local tax office, they will happily send you out both any forms needed to register as self employed and the forms you'll need to make your tax return (these are what tend to scare people into getting an accountant, but they are really easy to fill in and come with a booklet explaining everything). A hint to avoid the common mistake of getting hit with a tax bill that you can't afford to pay is to put 25% of the profit that you make from each job into a separate bank account, so when your tax bill arrives, you'll have more than enough in that account to pay it (that's where many self employed people get themselves into trouble, by not setting anything aside for their tax bill and suddenly getting hit with a bill they can't afford to pay).
Answer 3 :
You don't need an accountant, but if you do this for more than one month, an accountant will almost certainly save you more than he costs. You don't need to register as self employed, but you do need to let the tax man (HMRC) know - you can earn £7475 a year before you have to pay any taxes.
Answer 4 :
To register - write to HMRC (address on their website), say you are doing this work and want to be set up in Self Assesment. They set up a record and notify you. You registr online, password by snail mail, you are now online and all set up. You must keep full records, you must have a separate business bank account, you must submit tacx return correctly and on time. You are urged to keep money back for the bill. Calcuator is online at the website again. If doing building work you might be required to register for the Construction Industry Scheme (CIS for short - a card lets you work for the big builder companies). An accountant might save a little but the website gives a lot of guidance.
Answer 5 :
You do not need one but when I was self employed I was glad I got one. He knew about tax allowances I had never heard of and saved me far more money than I paid him. He can also advise on VAT. For example it is not compulsory to register for VAT unless your turnover is above £73000 per year but you can register voluntarily. If you are not registered you pay VAT on what you buy but you cannot claim it back. It nay be beneficial to register voluntarily in order to claim back the VAT you pay.
Answer 6 :
Firstly, its too late to "want" to be self-employed. As soon as you do anything with a view to generating income you are self-employed. Clearly this happens when you actually do your first job, but if you have done (for example) advertising before that then you would have become self-employed then. All you need to do is to inform (you do not "register") HMRC that you are now self-employed. They will then arrange for you to pay regular Class 2 NI contributions (£2.50 per week) and for you to receive a tax self-assessment form at the appropriate time. At no stage do you need an accountant and you could trade for many years without using one. However, accountants will know all the tricks, allowances, reliefs, etc that will enable you to minimise the tax you have to pay, and keep your finances fully legal. There is nothing to stop you doing this research yourself, so whether (or when) you use an accountant is up to you. But in general the more money you are making the more likely it is that an accountant will actually pay for himself with what he saves you. Even if you do consult an accountant occassionally, I would suggest you don't pay him to do the simple things you could do yourself. IE don't ask him to register with HMRC for you, or keep your books on a daily basis, or fill in your self-assessment form, etc. Its not worth paying someone who charges £100s per hour to fill in forms.
Answer 7 :
First of all you must register with HMRC and you must pay tax on your income. You must register with them within 3 months of starting doing the self employed work. If you are OK with keeping your records - eg on an Excel spreadsheet then you don't really need an accountant so long as you keep things fairly simple. While they still exist contact Businesslink and get on their courses but be quick because they are being disbanded in November.
Answer 8 :
Read this: http://www.hmrc.gov.uk/selfemployed/register-selfemp.htm You don't have to use an accountant, but I'd recommend you do as you obviously need some help.
Read more other entries :
Monday, October 14, 2013
To become a chartered accountant, do you NEED a degree in Accountancy?
To become a chartered accountant, do you NEED a degree in Accountancy?
I'm doing a diploma in Accountancy on a home learning college course with the AAT, and I am also working towards a Master's Degree in Mathematics. So my question is, if I didn't study Accountancy in university, could I still become an accountant? Also, I achieved 2 Cs in English Language and English Literature in my GCSEs; I only got made to sit Foundation papers.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Here's a good link which will help you. http://www.icaew.com/index.cfm/route/159081/icaew_ga/en/Qualifications/Train_for_the_ACA/Entry_routes/ACA_entry_routes
Read more other entries :
I'm doing a diploma in Accountancy on a home learning college course with the AAT, and I am also working towards a Master's Degree in Mathematics. So my question is, if I didn't study Accountancy in university, could I still become an accountant? Also, I achieved 2 Cs in English Language and English Literature in my GCSEs; I only got made to sit Foundation papers.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Here's a good link which will help you. http://www.icaew.com/index.cfm/route/159081/icaew_ga/en/Qualifications/Train_for_the_ACA/Entry_routes/ACA_entry_routes
Read more other entries :
Monday, October 7, 2013
What is the difference between an accountant and a chartered accountant?
What is the difference between an accountant and a chartered accountant?
I'm wondering what the difference is.
Other - Taxes - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Anyone can call themselves an accountant. Only a Chartered Accountant can audit the books of a public company. Something like that.
Answer 2 :
I think Chartered reflects a higher level of achievement in the profession which is recognised by the standards committee
Answer 3 :
A 'chartered' accountant is a member/fellow of the Institute of Chartered Accountants in England and Wales who has passed the required examinations. Others are certified or just accountants (e.g. ACCA). All can practise as accountants in the UK, and many arts of the world.
Answer 4 :
Chartered Accountants are high level trained accountants. This gives them the authority to sign off company accounts to verify there accuracy and correct representation of trading. Anyone can practise accountancy, but there is a limit to the level they can work. The other main point if you are considering this as a career is that Chartered Accountants will earn way way way more than non qualified accountants
Answer 5 :
There are two registered types of accountants dependent on their qaulifications A chartered Accountant is the highest and most qualified and are governed by the Institute of Chartered Accountants Certified are the next in line and are memebers of the Certified Accountancy Then there are people who call themselves accountants who can do all what the above do but do not necessarily hold all of the qualifications That is the only difference
Answer 6 :
Any one who wishes to claim they are an accountant may do so. However a Chartered Accountant (CA) is the title used by members of a certain professional accountancy associations in the British Commonwealth countries and Ireland. The term chartered comes from the Royal Charter granted to the world's first professional body of accountants upon their establishment in 1854.
Answer 7 :
One is scheduled and the other is hired by the travel company?
Read more other entries :
I'm wondering what the difference is.
Other - Taxes - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Anyone can call themselves an accountant. Only a Chartered Accountant can audit the books of a public company. Something like that.
Answer 2 :
I think Chartered reflects a higher level of achievement in the profession which is recognised by the standards committee
Answer 3 :
A 'chartered' accountant is a member/fellow of the Institute of Chartered Accountants in England and Wales who has passed the required examinations. Others are certified or just accountants (e.g. ACCA). All can practise as accountants in the UK, and many arts of the world.
Answer 4 :
Chartered Accountants are high level trained accountants. This gives them the authority to sign off company accounts to verify there accuracy and correct representation of trading. Anyone can practise accountancy, but there is a limit to the level they can work. The other main point if you are considering this as a career is that Chartered Accountants will earn way way way more than non qualified accountants
Answer 5 :
There are two registered types of accountants dependent on their qaulifications A chartered Accountant is the highest and most qualified and are governed by the Institute of Chartered Accountants Certified are the next in line and are memebers of the Certified Accountancy Then there are people who call themselves accountants who can do all what the above do but do not necessarily hold all of the qualifications That is the only difference
Answer 6 :
Any one who wishes to claim they are an accountant may do so. However a Chartered Accountant (CA) is the title used by members of a certain professional accountancy associations in the British Commonwealth countries and Ireland. The term chartered comes from the Royal Charter granted to the world's first professional body of accountants upon their establishment in 1854.
Answer 7 :
One is scheduled and the other is hired by the travel company?
Read more other entries :
Tuesday, October 1, 2013
what does an accountant do with a set of data and figures?
what does an accountant do with a set of data and figures?
ok so heres the sceniario i am a financial accountant right. lets say for example i work for tescos and they give me their figures for the year....what is my job? what do i do after they give me the figures? thanks
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
with respect, if you are an accountant you should know your job!
Read more other entries :
ok so heres the sceniario i am a financial accountant right. lets say for example i work for tescos and they give me their figures for the year....what is my job? what do i do after they give me the figures? thanks
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
with respect, if you are an accountant you should know your job!
Read more other entries :
Saturday, September 28, 2013
Are there records I can search to find out if someone was a chartered accountant back in 1900?
Are there records I can search to find out if someone was a chartered accountant back in 1900?
My great grandfather is something of a mystery. Am not sure if he was Scottish or English. From official certificate I know he was an accountant. I would like to know if I can trace him through this line of enquiry.
Corporations - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
As above, but don't contact the ACCA, because that is the professional body for the Certified accountancy body. Contact the Professinal body for Chartered Accountants. viz. The Institute of Chartered Accountants in England and Wales or, the same body for Scotland.
Answer 2 :
The organisation that governed chartered accountants back then was what is now the ACAEW but that only covers England and Wales. Contact them (www.icaew.com) and their scottish counterparts www.icas.org.uk
Answer 3 :
Try our Website www.Apersonsearch.com, We've Helped Numerous People With Out Advanced Features And Ease of Use. Hope We Can Help.
Read more other entries :
My great grandfather is something of a mystery. Am not sure if he was Scottish or English. From official certificate I know he was an accountant. I would like to know if I can trace him through this line of enquiry.
Corporations - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
As above, but don't contact the ACCA, because that is the professional body for the Certified accountancy body. Contact the Professinal body for Chartered Accountants. viz. The Institute of Chartered Accountants in England and Wales or, the same body for Scotland.
Answer 2 :
The organisation that governed chartered accountants back then was what is now the ACAEW but that only covers England and Wales. Contact them (www.icaew.com) and their scottish counterparts www.icas.org.uk
Answer 3 :
Try our Website www.Apersonsearch.com, We've Helped Numerous People With Out Advanced Features And Ease of Use. Hope We Can Help.
Read more other entries :
Saturday, September 14, 2013
What accountant should I use for a driving instructor?
What accountant should I use for a driving instructor?
I have just qulified as a driving instuctor and I would like to know of any accountants that Specialize in this.
Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you contact and of the following, they will give you details of practising accountants within your area along with specialisations... ACA (Assoc of Chartered Accountants) ACCA (Assoc of Certified Chartered Accountants) CIMA (Chartered Inst. of Management Accountants) All have web sites... Hope this helps
Answer 2 :
I was a driving instructor ADI, for 30 yrs and then a heavy goods instructor. as a driving instructor most of your takings will be in cash ! and your expenses will be much the same each week, just keep two books income and expenditure, keep all your fuel bills and any other receipts that you get and at the end of the year go direct to the tax office and ask to see a tax inspector they will tell you exactly how much allowances you get for depreciation on your car and how much you can claim for phone, using part of your house as an office etc Dont go to an accountant ! they are robbing b*stards and will charge you the earth for something that you can easily do yourself. if you want to know more email me >
Read more other entries :
I have just qulified as a driving instuctor and I would like to know of any accountants that Specialize in this.
Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you contact and of the following, they will give you details of practising accountants within your area along with specialisations... ACA (Assoc of Chartered Accountants) ACCA (Assoc of Certified Chartered Accountants) CIMA (Chartered Inst. of Management Accountants) All have web sites... Hope this helps
Answer 2 :
I was a driving instructor ADI, for 30 yrs and then a heavy goods instructor. as a driving instructor most of your takings will be in cash ! and your expenses will be much the same each week, just keep two books income and expenditure, keep all your fuel bills and any other receipts that you get and at the end of the year go direct to the tax office and ask to see a tax inspector they will tell you exactly how much allowances you get for depreciation on your car and how much you can claim for phone, using part of your house as an office etc Dont go to an accountant ! they are robbing b*stards and will charge you the earth for something that you can easily do yourself. if you want to know more email me >
Read more other entries :
Saturday, September 7, 2013
How can I find out if someone is registered as an accountant?
How can I find out if someone is registered as an accountant?
I know this guy who pretends he is a chartered/qualified accountant. I am trying to find some sort of directory with names (NOT business names) to check his name. PLS HELP ASAP! tx Forgot to mention .... I am in the UK!
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Some states have a list of professional people. Check your state and see if they list anything about accountants, such as CPA listings.
Answer 2 :
ohhhhhhh-ur in the uk-didn't know--well, looks like you've got some good info---if u need more i'm glad to help--don't worry about it 2 much-i know u are annoyed by him, but it's not even worth your time!!---if I were you, I'd definitely ask him how long he's been certified, and through whom----he's got to have documentation, and if he's practising, it has to be visible--let us know how it turns out!!!!
Answer 3 :
Check out the Institute of Chartered Accountants, linked below
Answer 4 :
You need to know which body he claims qualification with. There are 6 in the UK. The Chartered Accountants have either FCA, ACA, FCCA, ACCA or IPFA after their names. If there is only 1 C then this is the Institute of Chartered Accountants of England and Wales - their members directories are available at libraries. 2 C's is the Association of Certified Chartered Accountants. Public Sector accountants can also be qualified members of CIPFA. There is also ICAS (Scottish Accountants) and CIMA (management accountants) and AAT (technicians). If an accountant is trading in their own right as an accountant (i.e. not an employee) you are within your rights to contact their institute to check their registration and qualification to practise.
Answer 5 :
The Institue of Chartered Accountants (ACCA) is the regulatory body for all chartered & Certified accountants You could also contact your local trading standards
Read more other entries :
I know this guy who pretends he is a chartered/qualified accountant. I am trying to find some sort of directory with names (NOT business names) to check his name. PLS HELP ASAP! tx Forgot to mention .... I am in the UK!
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Some states have a list of professional people. Check your state and see if they list anything about accountants, such as CPA listings.
Answer 2 :
ohhhhhhh-ur in the uk-didn't know--well, looks like you've got some good info---if u need more i'm glad to help--don't worry about it 2 much-i know u are annoyed by him, but it's not even worth your time!!---if I were you, I'd definitely ask him how long he's been certified, and through whom----he's got to have documentation, and if he's practising, it has to be visible--let us know how it turns out!!!!
Answer 3 :
Check out the Institute of Chartered Accountants, linked below
Answer 4 :
You need to know which body he claims qualification with. There are 6 in the UK. The Chartered Accountants have either FCA, ACA, FCCA, ACCA or IPFA after their names. If there is only 1 C then this is the Institute of Chartered Accountants of England and Wales - their members directories are available at libraries. 2 C's is the Association of Certified Chartered Accountants. Public Sector accountants can also be qualified members of CIPFA. There is also ICAS (Scottish Accountants) and CIMA (management accountants) and AAT (technicians). If an accountant is trading in their own right as an accountant (i.e. not an employee) you are within your rights to contact their institute to check their registration and qualification to practise.
Answer 5 :
The Institue of Chartered Accountants (ACCA) is the regulatory body for all chartered & Certified accountants You could also contact your local trading standards
Read more other entries :
Sunday, September 1, 2013
What course shall i take at college to become an ACCOUNTANT ?
What course shall i take at college to become an ACCOUNTANT ?
im wanting to take up becoming an accountant, im apllying for sutton college, which of these courses shall i take are they not on the list, do i have to search something else. http://www.sutcol.ac.uk/search.aspx?searchType=2 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Other - Education - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
don't become an accountant - you need a PHD to really succeed and earn alot of money, and economic recession. I suggest you seriously consider doing something else - other than the fianance sector!!!!
Read more other entries :
im wanting to take up becoming an accountant, im apllying for sutton college, which of these courses shall i take are they not on the list, do i have to search something else. http://www.sutcol.ac.uk/search.aspx?searchType=2 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Other - Education - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
don't become an accountant - you need a PHD to really succeed and earn alot of money, and economic recession. I suggest you seriously consider doing something else - other than the fianance sector!!!!
Read more other entries :
Wednesday, August 28, 2013
How much should an accountant charge for one-off advice (UK)?
How much should an accountant charge for one-off advice (UK)?
Hi, I'm moving abroad to work and have been advised by a financial advisor to speak to an accountant about my tax status before he can help me with pension. Can someone give me an idea as to how much that would cost? An hourly rate for example? Thanks
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depends on the size of the firm - anything up to £150ph, but a tax advisor could do this work and may be cheaper.
Answer 2 :
Any IFA worth his salt should have an understanding of the residence rules. The residence rules are not overly complex. If you are moving abroad permanently, or at least for a period of 4 years, you will be not resident. If you are leaving with a contract of employment, you will be not resident as long at that contract covers a period which includes the next 6 April and the following 5 April. Look at the HMRC6 for guidance and save some money. Questions like this are always like asking how long is a piece of string. Look in your yellow pages and phone round a few to see how much they charge.
Read more other entries :
Hi, I'm moving abroad to work and have been advised by a financial advisor to speak to an accountant about my tax status before he can help me with pension. Can someone give me an idea as to how much that would cost? An hourly rate for example? Thanks
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depends on the size of the firm - anything up to £150ph, but a tax advisor could do this work and may be cheaper.
Answer 2 :
Any IFA worth his salt should have an understanding of the residence rules. The residence rules are not overly complex. If you are moving abroad permanently, or at least for a period of 4 years, you will be not resident. If you are leaving with a contract of employment, you will be not resident as long at that contract covers a period which includes the next 6 April and the following 5 April. Look at the HMRC6 for guidance and save some money. Questions like this are always like asking how long is a piece of string. Look in your yellow pages and phone round a few to see how much they charge.
Read more other entries :
Wednesday, August 14, 2013
How much does an accountant earn?
How much does an accountant earn?
Hi I have just finished my gcse's and got biology-A physics-A chemistry-B maths-B English language-B English lit-B business- A are these grades good enough to get me into uni if I get the same grades at a level? Also what is the average pay for an accountant graduating and after 5yrs experience? Thanks
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you can replicate that kind of success at A-level, you should be condidering a top university. Even so, graduate accountants can expect to start at 18k. After full ACCA (or other chartered body) qualification, it will rise way into the 20's. And this is obtainable three years after graduation. Time and experience will naturally increase this, but it depends on who you work for and your level of competency.
Answer 2 :
depends on your position, industry, size of company - there is no one pay level for everyone with 5 yrs experience - some people get promoted after 5 yrs or move to better paying job offers from bigger companies, etc
Read more other entries :
Hi I have just finished my gcse's and got biology-A physics-A chemistry-B maths-B English language-B English lit-B business- A are these grades good enough to get me into uni if I get the same grades at a level? Also what is the average pay for an accountant graduating and after 5yrs experience? Thanks
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you can replicate that kind of success at A-level, you should be condidering a top university. Even so, graduate accountants can expect to start at 18k. After full ACCA (or other chartered body) qualification, it will rise way into the 20's. And this is obtainable three years after graduation. Time and experience will naturally increase this, but it depends on who you work for and your level of competency.
Answer 2 :
depends on your position, industry, size of company - there is no one pay level for everyone with 5 yrs experience - some people get promoted after 5 yrs or move to better paying job offers from bigger companies, etc
Read more other entries :
Wednesday, August 7, 2013
Is Mathematics A level compulsory to become an Accountant?
Is Mathematics A level compulsory to become an Accountant?
I am thinking about what A- levels I want to study at college, i would like to become an accountant and wondering which a-levels would be necessary for me. I don't enjoy maths every much and i have heard that it is very hard, therefore i do not want to study it as a A-level, will this affect my chances?
Other - Education - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you don't like maths why do you want to be an accountant?
Answer 2 :
You don't need maths A level. If you have the option to take statistics, then you should consider it. It is much more straightforward than maths and is more relevant. As long as you can demonstrate that you are numerate and are not afraid of spreadsheets, then you should be o.k. Most accountancy firms will accept graduates with any finance, maths related or science degree. Certain finance courses will reduce the amount of training that you need. You should check the UCAS site for individual course details. http://search.ucas.co.uk/cgi-bin/hsrun/search/search/StateId/DFoOkouluAGMDueKb9WvP7BGRXru_-UkJ8/HAHTpage/search.HsKeywordSuggestion.whereNext?query=3&word=ACCOUNTANCY&single=N Here is the requirements at the University of Birmingham http://search.ucas.co.uk/cgi-bin/hsrun/search/search/StateId/DFoOkouluAGMDueKb9WvP7BGRXru_-UkJ8/HAHTpage/search.HsProfileDetails.run?n=887593#2-2 as you can see only a grade "B" in GCSE maths is required. When I was at Birmingham about 50% of finance students did not have maths A-level. ===================== You can become an accountant without going to university. It will take you longer to qualify by this route and it may limit your career, but you should be aware of it.
Answer 3 :
Its advisable will give u a better chance even if u do an accountanncy degree in uni if u go for an accounts job and theres some1 else with the accountance degree but they have alevel maths aswell they will get the job
Answer 4 :
No not compulsory, but advisable. If an A-level in maths is considered hard, more the reason to do it. A hard A-level is worth a lot more than an easy one (employers are not stupid, they know). It is possible to become a accountant without any qualifications at all, though a lot harder to find a job, or you could start your own business up, though sounds like an easy way in, in reality it a lot more work as you have to run a business (and its accounts) on top of the normal work as well as training yourself. Why become an accountant if you don't enjoy maths? Think about the type of job you would love to do, dont just choose a job because you think it pays well, as by the time you have left school / university that could of changed. As more and more school kids leave education with a degree or high qualifications, employers can be more choosy. It shows a level of determination in getting this type of job. In practice a degree is just a basic level of training and all employees will require a lot more specialized training for even the most basic tasks. But worth having just to show a real interest and commitment in that field of work, and demonstrate a understanding of the basic principles. That all any academic qualifications are relay for. Shallow, Yes. But that's the system many academic's use and believe in. If you also went to the top private school (or the other) too, then you'd be a definite shoe-in for any high rolling job.
Answer 5 :
just stay away from maths, its so hard it's crazy. I got a B in GCSE and i thought i might as well take it as i'll have more options but it was a disaster. The course is so hard even my teacher gets confused sometimes! I ended up with a very disappointing E in AS and that's a whole year's worth of work wasted. Don't do a course if you don't like it especially if you know you're not good. For accounting i think business studies is all you need.
Read more other entries :
I am thinking about what A- levels I want to study at college, i would like to become an accountant and wondering which a-levels would be necessary for me. I don't enjoy maths every much and i have heard that it is very hard, therefore i do not want to study it as a A-level, will this affect my chances?
Other - Education - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you don't like maths why do you want to be an accountant?
Answer 2 :
You don't need maths A level. If you have the option to take statistics, then you should consider it. It is much more straightforward than maths and is more relevant. As long as you can demonstrate that you are numerate and are not afraid of spreadsheets, then you should be o.k. Most accountancy firms will accept graduates with any finance, maths related or science degree. Certain finance courses will reduce the amount of training that you need. You should check the UCAS site for individual course details. http://search.ucas.co.uk/cgi-bin/hsrun/search/search/StateId/DFoOkouluAGMDueKb9WvP7BGRXru_-UkJ8/HAHTpage/search.HsKeywordSuggestion.whereNext?query=3&word=ACCOUNTANCY&single=N Here is the requirements at the University of Birmingham http://search.ucas.co.uk/cgi-bin/hsrun/search/search/StateId/DFoOkouluAGMDueKb9WvP7BGRXru_-UkJ8/HAHTpage/search.HsProfileDetails.run?n=887593#2-2 as you can see only a grade "B" in GCSE maths is required. When I was at Birmingham about 50% of finance students did not have maths A-level. ===================== You can become an accountant without going to university. It will take you longer to qualify by this route and it may limit your career, but you should be aware of it.
Answer 3 :
Its advisable will give u a better chance even if u do an accountanncy degree in uni if u go for an accounts job and theres some1 else with the accountance degree but they have alevel maths aswell they will get the job
Answer 4 :
No not compulsory, but advisable. If an A-level in maths is considered hard, more the reason to do it. A hard A-level is worth a lot more than an easy one (employers are not stupid, they know). It is possible to become a accountant without any qualifications at all, though a lot harder to find a job, or you could start your own business up, though sounds like an easy way in, in reality it a lot more work as you have to run a business (and its accounts) on top of the normal work as well as training yourself. Why become an accountant if you don't enjoy maths? Think about the type of job you would love to do, dont just choose a job because you think it pays well, as by the time you have left school / university that could of changed. As more and more school kids leave education with a degree or high qualifications, employers can be more choosy. It shows a level of determination in getting this type of job. In practice a degree is just a basic level of training and all employees will require a lot more specialized training for even the most basic tasks. But worth having just to show a real interest and commitment in that field of work, and demonstrate a understanding of the basic principles. That all any academic qualifications are relay for. Shallow, Yes. But that's the system many academic's use and believe in. If you also went to the top private school (or the other) too, then you'd be a definite shoe-in for any high rolling job.
Answer 5 :
just stay away from maths, its so hard it's crazy. I got a B in GCSE and i thought i might as well take it as i'll have more options but it was a disaster. The course is so hard even my teacher gets confused sometimes! I ended up with a very disappointing E in AS and that's a whole year's worth of work wasted. Don't do a course if you don't like it especially if you know you're not good. For accounting i think business studies is all you need.
Read more other entries :
Thursday, August 1, 2013
whats the advantages of being a chartered accountant?
whats the advantages of being a chartered accountant?
whats the advantages of being a chartered accountant? are there any benefits?
Special Education - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
erm good wages thats about it
Answer 2 :
compared to a certified accountant or not being one at all?
Answer 3 :
I have an MBA, which makes me a jack of all trades etc, I can put a balance sheet as well as any C.A. but lack the qualification to sign off a company`s accounts. A C.A. qualification is a licence to print money, if you`re thinking of it go for it.
Answer 4 :
a professional qualification and an excellent wage, followed by top of the range car, house, job, etc etc
Read more other entries :
whats the advantages of being a chartered accountant? are there any benefits?
Special Education - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
erm good wages thats about it
Answer 2 :
compared to a certified accountant or not being one at all?
Answer 3 :
I have an MBA, which makes me a jack of all trades etc, I can put a balance sheet as well as any C.A. but lack the qualification to sign off a company`s accounts. A C.A. qualification is a licence to print money, if you`re thinking of it go for it.
Answer 4 :
a professional qualification and an excellent wage, followed by top of the range car, house, job, etc etc
Read more other entries :
Sunday, July 28, 2013
Can i train to be an accountant while on a dmp?
Can i train to be an accountant while on a dmp?
I want to be an accountant but am on a debt management plan.Would i still be able to train and get a job?
Australia - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can try but I think you would be unsuccessful. The mere fact that you are in a dmp shows that you have had some personal issues that would not be compatible with the management of other peoples personal financial affairs.
Answer 2 :
Hi It may depend on how much debt is still outstanding on your plan, and the kind of accountancy job you apply for after training. A DMP is not a legally binding arrangement and is a way of paying back your outstanding debt in one affordable payment. If your circumstances changed and your only option was bankruptcy, then it could affect your career. I would recommend that you contact ACCA. I have attached a link for you. http://uk.accaglobal.com/ They will be able to confirm where you stand regarding this Kind Regards Sue
Read more other entries :
I want to be an accountant but am on a debt management plan.Would i still be able to train and get a job?
Australia - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can try but I think you would be unsuccessful. The mere fact that you are in a dmp shows that you have had some personal issues that would not be compatible with the management of other peoples personal financial affairs.
Answer 2 :
Hi It may depend on how much debt is still outstanding on your plan, and the kind of accountancy job you apply for after training. A DMP is not a legally binding arrangement and is a way of paying back your outstanding debt in one affordable payment. If your circumstances changed and your only option was bankruptcy, then it could affect your career. I would recommend that you contact ACCA. I have attached a link for you. http://uk.accaglobal.com/ They will be able to confirm where you stand regarding this Kind Regards Sue
Read more other entries :
Sunday, July 14, 2013
what options in school do i need to take to become an accountant?
what options in school do i need to take to become an accountant?
i have got to pick my options soon in school, but i want to be accountant and am just wondering what potions i need to take for that.
Primary & Secondary Education - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
an ability to endlessly suck and feed on the life blood of others.
Answer 2 :
You don't have to worry about anything for accounting in high school.. You learn all that stuff in college...
Answer 3 :
havent you got access to a careers adviser at school? obv maths and business studies i would think
Answer 4 :
Accountancy is the most boring job in the whole entire world So what you need is the patience of a god
Answer 5 :
Just obtain a good result in English and Maths. You then need to get into a local accountants practise and get onto a day release course doing GCSE and A Level book-keeping. Then move onto the AAT or straight into Chartered Accountancy etc... With accountancy, you can specialise in a specific area as opposed to being a normal mainstream accountant.
Answer 6 :
accountancy is a good o[ption - very flexible lots ofd career opportunities when qualified - general management, own business, etc etc at this stage choose subjects you will get good grades in which you also enjoy - it doesnt matter about subjects - its the same at a level when you get to uni you could do a degree in anything - eg chemistry - and then your accountancy - or do a degree in accountancy - either way for a levels just choose reasonably academic subjects thaqt you will get good grades in - thats is the most important - not the subject
Read more other entries :
i have got to pick my options soon in school, but i want to be accountant and am just wondering what potions i need to take for that.
Primary & Secondary Education - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
an ability to endlessly suck and feed on the life blood of others.
Answer 2 :
You don't have to worry about anything for accounting in high school.. You learn all that stuff in college...
Answer 3 :
havent you got access to a careers adviser at school? obv maths and business studies i would think
Answer 4 :
Accountancy is the most boring job in the whole entire world So what you need is the patience of a god
Answer 5 :
Just obtain a good result in English and Maths. You then need to get into a local accountants practise and get onto a day release course doing GCSE and A Level book-keeping. Then move onto the AAT or straight into Chartered Accountancy etc... With accountancy, you can specialise in a specific area as opposed to being a normal mainstream accountant.
Answer 6 :
accountancy is a good o[ption - very flexible lots ofd career opportunities when qualified - general management, own business, etc etc at this stage choose subjects you will get good grades in which you also enjoy - it doesnt matter about subjects - its the same at a level when you get to uni you could do a degree in anything - eg chemistry - and then your accountancy - or do a degree in accountancy - either way for a levels just choose reasonably academic subjects thaqt you will get good grades in - thats is the most important - not the subject
Read more other entries :
Sunday, July 7, 2013
Im 13 and want to be a Accountant when im older?
Im 13 and want to be a Accountant when im older?
I'm 13 and want to be an accountant when i am older, would this be a good career choice? What Would the pros and cons be?
Other - Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depends entirely what your interests and talents are. If you like numbers, people and business problems, fine - otherwise perhaps not!
Answer 2 :
Any kind of business, either for profit or non-profit require accountant. It's not necessarily a "glamorous" job but one would not go hungry if you become a good accountant. Try to pursue for becoming a CPA which requires a college degree in order to sit for the CPA exam. I am impressed that you are only 13 and already thinking about your future career. Keep up the good work and good luck on your studies.
Answer 3 :
Accounting is an excellent choice for a career. People will always need accountants. As long as there are businesses there will be accountants. Even if you can't get a job, you can always free lance and be self employed.
Read more other entries :
I'm 13 and want to be an accountant when i am older, would this be a good career choice? What Would the pros and cons be?
Other - Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depends entirely what your interests and talents are. If you like numbers, people and business problems, fine - otherwise perhaps not!
Answer 2 :
Any kind of business, either for profit or non-profit require accountant. It's not necessarily a "glamorous" job but one would not go hungry if you become a good accountant. Try to pursue for becoming a CPA which requires a college degree in order to sit for the CPA exam. I am impressed that you are only 13 and already thinking about your future career. Keep up the good work and good luck on your studies.
Answer 3 :
Accounting is an excellent choice for a career. People will always need accountants. As long as there are businesses there will be accountants. Even if you can't get a job, you can always free lance and be self employed.
Read more other entries :
Monday, July 1, 2013
what can be the best curricullum vitae for an accountant ie PROJECT ACCOUNTANTS/ACCOUNTANTS?
what can be the best curricullum vitae for an accountant ie PROJECT ACCOUNTANTS/ACCOUNTANTS?
assistant accountant...this question comes because i have applied for so many vacancies and am tired, and i dont understand what can be the problem is it my cv's presentation or just my cv?
Other - Education - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The best CVs look comfortably full. They should reach two A4 pages but not look crowded or empty. Use bullet points and short paragraphs in addition to a readable font like Verdana to improve the CV's presentation! The CV's language ought be oriented to the employer. Use examples from your experience when describing your skills and spell out how these might benefit employers! That way they can see immediately that you're a great candidate. Good luck!
Read more other entries :
assistant accountant...this question comes because i have applied for so many vacancies and am tired, and i dont understand what can be the problem is it my cv's presentation or just my cv?
Other - Education - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The best CVs look comfortably full. They should reach two A4 pages but not look crowded or empty. Use bullet points and short paragraphs in addition to a readable font like Verdana to improve the CV's presentation! The CV's language ought be oriented to the employer. Use examples from your experience when describing your skills and spell out how these might benefit employers! That way they can see immediately that you're a great candidate. Good luck!
Read more other entries :
Friday, June 28, 2013
Looking for an accountant who can help with vat arrears for small company?
Looking for an accountant who can help with vat arrears for small company?
looking for an accountant to help take control of small business accounts and complete vat returns due from 2009. Urgent assistance required. Edinburgh and Midlothian area only.
Other - Taxes - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
im in glasgow but 2009 is now overdue and you would need time to go back and calculate bit all out is this on sage programme or what prograame does your accounting system use
Answer 2 :
Just look online in your area, there are plenty about. I found my Accountant online in my local area.
Read more other entries :
looking for an accountant to help take control of small business accounts and complete vat returns due from 2009. Urgent assistance required. Edinburgh and Midlothian area only.
Other - Taxes - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
im in glasgow but 2009 is now overdue and you would need time to go back and calculate bit all out is this on sage programme or what prograame does your accounting system use
Answer 2 :
Just look online in your area, there are plenty about. I found my Accountant online in my local area.
Read more other entries :
Friday, June 14, 2013
I have a BA Business degree, how long would it take to become an accountant?
I have a BA Business degree, how long would it take to become an accountant?
Degree was 4 year sandwich course, gained a 2:2. I have been told it would speed up some processes involved in becoming an accountant, any knowledge here would be great! for those unfamiliar with the term, a 'sandwich course' involves an industrial placement usually for a year. Questioned aimed at the UK 'scene'
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
i'm not familiar with the degree terms you use. Over here in America, I'd suggest that your next step is to get a job doing accounting work. Don't hold out for working at a public accounting firm, just get a job doing the work in industry. GL
Answer 2 :
how many accounting courses did you take in college. Accounting majors usually require 24 credits to get a Bachelors degree in Accounting. You might be able to get a job as an accountant with your current degree if you've taken at least 4 courses, but it would probably be a lower level position and/or pay. It you take some courses part time evenings... What's a sandwich course?
Answer 3 :
I'm not aware that a general business degree will 'speed up' the process at all - you'll have to apply for positions as a trainee accountant. Graduates from accountancy degrees can gain exemption from some accountancy exams - which can speed up their training.
Answer 4 :
You don't say what sort of accountant you want to be. Assuming you wish to be a chartered accountant you need to apply to firms of chartered accountants who are registered with the Institute of Chartered Accountants in England and Wales (ICAEW) or Scotland or Ireland in order to obtain a training contract. You will then work for them while you study and train, they will have to pay for your exams/courses and give you study leave. Salary will be I guess around 12-15k. If you pass all exams 1st sitting you will qualify in 3 years. You may be exempted from some exams depending on the exact content of your degree. There are other bodies which train accountants notably ACCA, CIMA and CIPFA. Look on their websites about whats involved. Depending on your ultimate carrer choice may well impact on which qualification it would be best to go for eg CIPFA in public sector, ICAEW/ACCA in practice or CIMA/ACCA in industry. I know most about ICAEW as I work for a firm that trains them but it is not necessarily the best qualification for you.
Answer 5 :
I'd advise you to follow up your question with research. Here is one link to entry requirements: http://www.prospects.ac.uk/cms/ShowPage/Home_page/Explore_types_of_jobs/Types_of_Job/p!eipaL?state=showgrp&grpno=J1 You'll also be aware you can look at the regulatory bodies, like the ACCA.
Read more other entries :
Degree was 4 year sandwich course, gained a 2:2. I have been told it would speed up some processes involved in becoming an accountant, any knowledge here would be great! for those unfamiliar with the term, a 'sandwich course' involves an industrial placement usually for a year. Questioned aimed at the UK 'scene'
Financial Services - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
i'm not familiar with the degree terms you use. Over here in America, I'd suggest that your next step is to get a job doing accounting work. Don't hold out for working at a public accounting firm, just get a job doing the work in industry. GL
Answer 2 :
how many accounting courses did you take in college. Accounting majors usually require 24 credits to get a Bachelors degree in Accounting. You might be able to get a job as an accountant with your current degree if you've taken at least 4 courses, but it would probably be a lower level position and/or pay. It you take some courses part time evenings... What's a sandwich course?
Answer 3 :
I'm not aware that a general business degree will 'speed up' the process at all - you'll have to apply for positions as a trainee accountant. Graduates from accountancy degrees can gain exemption from some accountancy exams - which can speed up their training.
Answer 4 :
You don't say what sort of accountant you want to be. Assuming you wish to be a chartered accountant you need to apply to firms of chartered accountants who are registered with the Institute of Chartered Accountants in England and Wales (ICAEW) or Scotland or Ireland in order to obtain a training contract. You will then work for them while you study and train, they will have to pay for your exams/courses and give you study leave. Salary will be I guess around 12-15k. If you pass all exams 1st sitting you will qualify in 3 years. You may be exempted from some exams depending on the exact content of your degree. There are other bodies which train accountants notably ACCA, CIMA and CIPFA. Look on their websites about whats involved. Depending on your ultimate carrer choice may well impact on which qualification it would be best to go for eg CIPFA in public sector, ICAEW/ACCA in practice or CIMA/ACCA in industry. I know most about ICAEW as I work for a firm that trains them but it is not necessarily the best qualification for you.
Answer 5 :
I'd advise you to follow up your question with research. Here is one link to entry requirements: http://www.prospects.ac.uk/cms/ShowPage/Home_page/Explore_types_of_jobs/Types_of_Job/p!eipaL?state=showgrp&grpno=J1 You'll also be aware you can look at the regulatory bodies, like the ACCA.
Read more other entries :
Friday, June 7, 2013
I want to start a loan brokerage biz but have no experience but am a qualified accountant. Where do i start?
I want to start a loan brokerage biz but have no experience but am a qualified accountant. Where do i start?
I'm a qualified accountant with over 5 years experience post qualification. I want to start a mortgage/secured/unsecured loans business. I know that for mortgage brokering, i'll need to take some exams. But can I set up my business once I've taken the exams or are there other conditions to fulfil? For secured/unsecured lending, do I need to take any exams? Are there any other conditions to fulfil?
Small Business - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depends on your state and the regulations needed (testing etc). It takes more than taking the application called the 1003. ANyone can learn it - but it would be best, to have a qualified loan processor and anothe rloan officer with you on board....There is alot to learn, I have been in the business for 6 years, and the market is tough - with everyone wanting to be in the business, and you get some that do not know what to do - from taking the application, talking to lenders, to qualifying them, to ordering title, ( the list is numerious) - Sounds like you will do fine - just study and learn all you can - and follow the RESPA laws to a tee - there are alot of bad LO's out there, that is just after the money, and are shady - gives the rest of us a bad name. Myself, like helping ppl and getting them out of a tough situation. And low fees up front.. Good luck to you, and your endever.
Answer 2 :
Please contact Business Eye in Wales, Business Link in England, or local council's regeneration department who will advice you on the best place for this information. I would suggest you would definitely need to be an IFA (Independent Financial Adviser) more exams, a licenced loan company under the DTI, as a debt collector and as a bailiff (more exams).
Read more other entries :
I'm a qualified accountant with over 5 years experience post qualification. I want to start a mortgage/secured/unsecured loans business. I know that for mortgage brokering, i'll need to take some exams. But can I set up my business once I've taken the exams or are there other conditions to fulfil? For secured/unsecured lending, do I need to take any exams? Are there any other conditions to fulfil?
Small Business - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Depends on your state and the regulations needed (testing etc). It takes more than taking the application called the 1003. ANyone can learn it - but it would be best, to have a qualified loan processor and anothe rloan officer with you on board....There is alot to learn, I have been in the business for 6 years, and the market is tough - with everyone wanting to be in the business, and you get some that do not know what to do - from taking the application, talking to lenders, to qualifying them, to ordering title, ( the list is numerious) - Sounds like you will do fine - just study and learn all you can - and follow the RESPA laws to a tee - there are alot of bad LO's out there, that is just after the money, and are shady - gives the rest of us a bad name. Myself, like helping ppl and getting them out of a tough situation. And low fees up front.. Good luck to you, and your endever.
Answer 2 :
Please contact Business Eye in Wales, Business Link in England, or local council's regeneration department who will advice you on the best place for this information. I would suggest you would definitely need to be an IFA (Independent Financial Adviser) more exams, a licenced loan company under the DTI, as a debt collector and as a bailiff (more exams).
Read more other entries :
Saturday, June 1, 2013
Can somebody working as PA retrain to become an Accountant?
Can somebody working as PA retrain to become an Accountant?
I am working as a PA at a board level and truly hate it. Is it still possible for me to become an accountant? Would it be difficult to make this transition? I am 30 years old. I have a degree, but it's in languages, nothing to do with finance. I live in the UK.
Administrative and Office Support - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can always change careers at any age, it all depend on the time you want to put in and the cost. Sometimes you just can't leave one field for another because you would have to start at the bottom of the new field and you may not be able to pay your bills on the new (often lower) salary. Also you have to consider how much it will cost to get trained in the new field. In your case you will need schooling in Finance. I suggest holding on to the current job as you train to be an account, then switch.
Answer 2 :
Of course you can! My degree was in History and Spanish and I now work as an Accountant for a manufacturing firm (I'm what they call Qualified by Experience). I've just this year decided to get round to taking my Accountancy exams in my spare time and am enjoying it thoroughly. I'm 36 by the way so I would say go for it!
Answer 3 :
Yes it is quite possible a lot has to due with your drive, initiative, and ability with numbers. It is not too late and many people are making many different kinds of switches. I hope this helps and wish you all the best in making the transition. Good luck
Read more other entries :
I am working as a PA at a board level and truly hate it. Is it still possible for me to become an accountant? Would it be difficult to make this transition? I am 30 years old. I have a degree, but it's in languages, nothing to do with finance. I live in the UK.
Administrative and Office Support - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can always change careers at any age, it all depend on the time you want to put in and the cost. Sometimes you just can't leave one field for another because you would have to start at the bottom of the new field and you may not be able to pay your bills on the new (often lower) salary. Also you have to consider how much it will cost to get trained in the new field. In your case you will need schooling in Finance. I suggest holding on to the current job as you train to be an account, then switch.
Answer 2 :
Of course you can! My degree was in History and Spanish and I now work as an Accountant for a manufacturing firm (I'm what they call Qualified by Experience). I've just this year decided to get round to taking my Accountancy exams in my spare time and am enjoying it thoroughly. I'm 36 by the way so I would say go for it!
Answer 3 :
Yes it is quite possible a lot has to due with your drive, initiative, and ability with numbers. It is not too late and many people are making many different kinds of switches. I hope this helps and wish you all the best in making the transition. Good luck
Read more other entries :
Tuesday, May 28, 2013
in the UK can an unqualified accountant run an accountancy practice and prepare accounts?
in the UK can an unqualified accountant run an accountancy practice and prepare accounts?
(and enter an accountnats statement in the accs)? also can they maintain the company register? is their legally anything an unqualified accountant can't do that a qualified accountant can?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accountancy is an unregulated industry, mostly. So an unqualified can do anything he likes. But all accountants now have to register for the purposes of anti-money laundering. If you have no professional body to register with you have to register with HMRC: http://www.hmrc.gov.uk/mlr/getstarted/register/who.htm There are heavy fines for not registering.
Read more other entries :
(and enter an accountnats statement in the accs)? also can they maintain the company register? is their legally anything an unqualified accountant can't do that a qualified accountant can?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Accountancy is an unregulated industry, mostly. So an unqualified can do anything he likes. But all accountants now have to register for the purposes of anti-money laundering. If you have no professional body to register with you have to register with HMRC: http://www.hmrc.gov.uk/mlr/getstarted/register/who.htm There are heavy fines for not registering.
Read more other entries :
Tuesday, May 14, 2013
How do i become a Chartered Certified Accountant?
How do i become a Chartered Certified Accountant?
do i need ACCA if i want to become a Chartered Certified Accountant ? i m from Asia but i want to study in UK. what should i do? CAT, ACCA or other?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Chartered` and Certified are different. Goto http://www.icaew.com/index.cfm/route/158820/icaew_ga/en/Qualifications/Train_for_the_ACA/Train_for_the_ACA and http://www.accaglobal.com/ I don't think there's much difference between the 2 disciplines but maybe the Chartered are considered (perhaps by themselves) to be the cream!
Read more other entries :
do i need ACCA if i want to become a Chartered Certified Accountant ? i m from Asia but i want to study in UK. what should i do? CAT, ACCA or other?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Chartered` and Certified are different. Goto http://www.icaew.com/index.cfm/route/158820/icaew_ga/en/Qualifications/Train_for_the_ACA/Train_for_the_ACA and http://www.accaglobal.com/ I don't think there's much difference between the 2 disciplines but maybe the Chartered are considered (perhaps by themselves) to be the cream!
Read more other entries :
Tuesday, May 7, 2013
I am taking over an Accountancy practice, but I am not a Chartered Accountant - Is this a problem?
I am taking over an Accountancy practice, but I am not a Chartered Accountant - Is this a problem?
I am taking over an Accountancy practice, but I am not a Chartered Accountant. I will provide services to Sole traders, Partnerships and small Limited Companies. I have experience working in the accountancy industry and have every confidence that I can provide a reliable service to my clients. Is there anything wrong with running my own practice without a formal Accounting qualification?
Small Business - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
ummm yes ..... if your not a qualified accountant with any form of certifications then your not allowed to pretend to be one
Answer 2 :
Actually, the term Accountant can be used by absolutely anyone! What you can't call yourself is 'Chartered or Certified' etc. If you feel you are able to cover the workload then there is nothing stopping you taking over the practice - just make sure that you do not make any false claims in your advertising, literature etc. So, remove any mention of Accounting Bodies (like ICAEW or ACCA) etc and make sure you do not mislead any clients. You will need to look into getting yourself Professional Indemnity insurance etc.
Read more other entries :
I am taking over an Accountancy practice, but I am not a Chartered Accountant. I will provide services to Sole traders, Partnerships and small Limited Companies. I have experience working in the accountancy industry and have every confidence that I can provide a reliable service to my clients. Is there anything wrong with running my own practice without a formal Accounting qualification?
Small Business - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
ummm yes ..... if your not a qualified accountant with any form of certifications then your not allowed to pretend to be one
Answer 2 :
Actually, the term Accountant can be used by absolutely anyone! What you can't call yourself is 'Chartered or Certified' etc. If you feel you are able to cover the workload then there is nothing stopping you taking over the practice - just make sure that you do not make any false claims in your advertising, literature etc. So, remove any mention of Accounting Bodies (like ICAEW or ACCA) etc and make sure you do not mislead any clients. You will need to look into getting yourself Professional Indemnity insurance etc.
Read more other entries :
Wednesday, May 1, 2013
What are the qualifications for becoming an accountant?
What are the qualifications for becoming an accountant?
i am doing GCSE right now and i have to pick my subjects for A level so i am confused what to pick and i wish to become an accountant...... so what sujects will be useful!!! please help i don't get it why do you need scenice????
Other - Education - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Mathematics or accounts. You could do business studies as well because that has some finance too.
Answer 2 :
maths and a science.
Answer 3 :
Anything mathematical or IT!
Answer 4 :
Ok so XxMiniLovexX you may think that it’s a good idea to do accounting at a- levels but it isn’t required for the course at uni and most universitys don’t hold it as a credible qualification (like photography/ p.e) All you actually need is math, but bear in mid that subjects like, history, English lit, and the sciences are very desirable If I were you I would do Math, English lit(analytical skills and improve vocabulary), and history( because it shows you have knowledge beyond current affairs).as a fourth subject either do economics because there is also a lot of math involved or something you really enjoy, even if its art or music. You don’t need science at all but I think other people are suggesting it because it is a credible subject and it will help if you decide that you want to do actuarial science instead it is similar to accounting and doesn’t actually include much science but a lot of math and it pays VERY well. I am an A level student I study chemistry, biology, math and English, eng and bio are really fun, maths is boring and chemistry is really really hard. Have a look on the LSE university website, the course is accounting and finance
Answer 5 :
Information is below.
Read more other entries :
i am doing GCSE right now and i have to pick my subjects for A level so i am confused what to pick and i wish to become an accountant...... so what sujects will be useful!!! please help i don't get it why do you need scenice????
Other - Education - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Mathematics or accounts. You could do business studies as well because that has some finance too.
Answer 2 :
maths and a science.
Answer 3 :
Anything mathematical or IT!
Answer 4 :
Ok so XxMiniLovexX you may think that it’s a good idea to do accounting at a- levels but it isn’t required for the course at uni and most universitys don’t hold it as a credible qualification (like photography/ p.e) All you actually need is math, but bear in mid that subjects like, history, English lit, and the sciences are very desirable If I were you I would do Math, English lit(analytical skills and improve vocabulary), and history( because it shows you have knowledge beyond current affairs).as a fourth subject either do economics because there is also a lot of math involved or something you really enjoy, even if its art or music. You don’t need science at all but I think other people are suggesting it because it is a credible subject and it will help if you decide that you want to do actuarial science instead it is similar to accounting and doesn’t actually include much science but a lot of math and it pays VERY well. I am an A level student I study chemistry, biology, math and English, eng and bio are really fun, maths is boring and chemistry is really really hard. Have a look on the LSE university website, the course is accounting and finance
Answer 5 :
Information is below.
Read more other entries :
Sunday, April 28, 2013
How long does it take studying, to become a chartered accountant?
How long does it take studying, to become a chartered accountant?
im 27 and thinking about becoming a chartered accountant and was wondering how long it will take me to reach my goal... i dont have gcse maths or english, so i take it i'll also have to study these subjects aswell
Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
AAT is 3 years mate. Then you have to do (3 or 4?) more years after that. I did AAT and that was enough for me.
Answer 2 :
I'm a chartered accountant and I joined a firm of accountants straight from university and it was a 3 year hard slog with tough exams to get to the qualification. It is possible to do it without a degree by taking a year's foundation course (AAT or something similar) before embraking on the ACA training. In order to become a chartered accountant, you need to obtain audit experience and this will need to be provided by a registered training office (which is normally a professional firm of accountants). Your biggest hurdle will be to get a firm to take you on in the first place with your qualifications. You will definitely need GCSE maths and english. You don't say whether or not you have A levels? If not, then I would probably recommend a nigh school course in introductory bookkeeping to give you a taster. You will need to be proficient in bookkeeping and it will give an indication to any prospective employer that you are serious and also whether accountancy is for you. To be honest, I think you will struggle to get a firm to take you on as an ACA trainee if you do not have an A/B grade in GCSE maths already and you might find it easier to do certified (ACCA) or management accountancy (CIMA) exams as you can do this by getting a job as an accounts assistant in industry (ie in a company's accounts department) and then studying for the exams as you go. It will take longer (probably up to 5 years) but you will still have a recognised qualification and, if you go for the ACCA route, you will still be able to practice as an accountant, you just won't be able to provide an audit service. Good luck in having a challenging goal.
Answer 3 :
Usually you would need to do a 4 year Commerce degree in Accounting, and then do the Professional exams to be certified as a chartered accountant. The professional exams can take from 1 to 5 years. I think a certain number of years experience is also required. Going on what the first poster said - you might need to settle for a 2 year associate degree in acounting and just be a bookkeeper. Or maybe do payroll instead. I hear payroll can be a well paying job.
Read more other entries :
im 27 and thinking about becoming a chartered accountant and was wondering how long it will take me to reach my goal... i dont have gcse maths or english, so i take it i'll also have to study these subjects aswell
Careers & Employment - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
AAT is 3 years mate. Then you have to do (3 or 4?) more years after that. I did AAT and that was enough for me.
Answer 2 :
I'm a chartered accountant and I joined a firm of accountants straight from university and it was a 3 year hard slog with tough exams to get to the qualification. It is possible to do it without a degree by taking a year's foundation course (AAT or something similar) before embraking on the ACA training. In order to become a chartered accountant, you need to obtain audit experience and this will need to be provided by a registered training office (which is normally a professional firm of accountants). Your biggest hurdle will be to get a firm to take you on in the first place with your qualifications. You will definitely need GCSE maths and english. You don't say whether or not you have A levels? If not, then I would probably recommend a nigh school course in introductory bookkeeping to give you a taster. You will need to be proficient in bookkeeping and it will give an indication to any prospective employer that you are serious and also whether accountancy is for you. To be honest, I think you will struggle to get a firm to take you on as an ACA trainee if you do not have an A/B grade in GCSE maths already and you might find it easier to do certified (ACCA) or management accountancy (CIMA) exams as you can do this by getting a job as an accounts assistant in industry (ie in a company's accounts department) and then studying for the exams as you go. It will take longer (probably up to 5 years) but you will still have a recognised qualification and, if you go for the ACCA route, you will still be able to practice as an accountant, you just won't be able to provide an audit service. Good luck in having a challenging goal.
Answer 3 :
Usually you would need to do a 4 year Commerce degree in Accounting, and then do the Professional exams to be certified as a chartered accountant. The professional exams can take from 1 to 5 years. I think a certain number of years experience is also required. Going on what the first poster said - you might need to settle for a 2 year associate degree in acounting and just be a bookkeeper. Or maybe do payroll instead. I hear payroll can be a well paying job.
Read more other entries :
Sunday, April 14, 2013
How much does an accountant charge ?
How much does an accountant charge ?
I have done the books for my husbands small business and sorted out the tax myself but now due to the need for a loan we need to get an accountant. Husband has been self employed for just 13 months so the first tax was easy as it was only 4 months.How much on average do they charge and do the books have to be up to date or can they sift through mountains of receipts?
Small Business - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I use an accountant for my small business which requires a good amount of time for them to do. They charge me $350.
Answer 2 :
They vary .Ring round and get an estimate.---Remember it might not include Vat.Ours charges £500 plus Vat to do a very small amount of work,But we have had no come back from the revenue.
Answer 3 :
I am an accountant and can only tell you my rates. First off which question are yuou asking? Is this for taxes only or ongoing bookeeping/overview work? If it is tax work, I charge by the form whether it is personal or business with a typical individual return costing $100 - $140 and business returns running $125 - $200, when the prework has been done. If I have to do the "Bookeeping" by sorting and posting receipts, I charge $40/hour for that in addition to the per form charge, and i am one of the less expensive accountants/Tax preparers in my area. CPA's will charge from $75/ hour and up some as high as $300/hour. I have an intenet business so E-mail me...
Answer 4 :
the fee will depend on the state of the records as fee depends on time taken so giving a mountain of receipts will take longer. so if u give them upto date records they can check it quickly then enter it onto the accounting package for a lower fee. For a small sole trader probably looking at round £300-500 All goes on the hourly rate , juniors charge at around £25 per hr with more qualified at £60-75 and directors £100+ who need to check the work.
Answer 5 :
I have my own accountancy business based in East Anglia, UK, but with clients in various geographical locations and business sectors and the questions I would need to be answered before I could give a definitive quote would be 1. What type of business is it? 2. How do you receive your income? Cash or bank payment? 3. What records do you keep and how up to date are they? 4. Is the business VAT registered? 5. Is there a PAYE scheme in operation? 6. Are the business transactions just of the standard sale and purchase types or are they more involved? 7. Are you subject to any specific legislation or reporting regulations? 8. What services do you require from your accountant? The answers to the above questions would make a difference to the fees I would charge a client. From your question I would assume that the records for the majority of the 1st year of trading are not particularly up to date, that there are no unusual transactions, VAT or PAYE and that initially you just require a set of accounts to pass onto the loan provider. On the assumption that most of the business transactions passed through a business bank account and that invoices and receipts were available to confirm their purpose my charges would range from somewhere in the region of £350 + VAT upwards. If you are in the UK and would like to discuss your needs in more detail please feel free to e-mail me and I will do my best to give you a better idea of the charges to expect. Regards Jus
Answer 6 :
My judging by the responses so far I'm in the wrong trade!!! Why all the expenses & for a small bussiness..I recently helped do the books 4 a company in hardship if you foned up your local tax office they would help you start & then in your local newspaper look for book keepers they are just as good & half the price...Us small businesses need to stick together & stop lining the pockets of the wealthy..No disrespect meant to accountants
Answer 7 :
Most accountants charge by the hour. More hours equals more money. Work on an average of £500 per day in the UK. A small ltd company with a turnover of (say) £100k or less would be about £750 A sole trader turning over (say) £50k might be £350-£500 These figures assume that all the books, receipts and bank statements are supplied up front and in good order
Read more other entries :
I have done the books for my husbands small business and sorted out the tax myself but now due to the need for a loan we need to get an accountant. Husband has been self employed for just 13 months so the first tax was easy as it was only 4 months.How much on average do they charge and do the books have to be up to date or can they sift through mountains of receipts?
Small Business - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I use an accountant for my small business which requires a good amount of time for them to do. They charge me $350.
Answer 2 :
They vary .Ring round and get an estimate.---Remember it might not include Vat.Ours charges £500 plus Vat to do a very small amount of work,But we have had no come back from the revenue.
Answer 3 :
I am an accountant and can only tell you my rates. First off which question are yuou asking? Is this for taxes only or ongoing bookeeping/overview work? If it is tax work, I charge by the form whether it is personal or business with a typical individual return costing $100 - $140 and business returns running $125 - $200, when the prework has been done. If I have to do the "Bookeeping" by sorting and posting receipts, I charge $40/hour for that in addition to the per form charge, and i am one of the less expensive accountants/Tax preparers in my area. CPA's will charge from $75/ hour and up some as high as $300/hour. I have an intenet business so E-mail me...
Answer 4 :
the fee will depend on the state of the records as fee depends on time taken so giving a mountain of receipts will take longer. so if u give them upto date records they can check it quickly then enter it onto the accounting package for a lower fee. For a small sole trader probably looking at round £300-500 All goes on the hourly rate , juniors charge at around £25 per hr with more qualified at £60-75 and directors £100+ who need to check the work.
Answer 5 :
I have my own accountancy business based in East Anglia, UK, but with clients in various geographical locations and business sectors and the questions I would need to be answered before I could give a definitive quote would be 1. What type of business is it? 2. How do you receive your income? Cash or bank payment? 3. What records do you keep and how up to date are they? 4. Is the business VAT registered? 5. Is there a PAYE scheme in operation? 6. Are the business transactions just of the standard sale and purchase types or are they more involved? 7. Are you subject to any specific legislation or reporting regulations? 8. What services do you require from your accountant? The answers to the above questions would make a difference to the fees I would charge a client. From your question I would assume that the records for the majority of the 1st year of trading are not particularly up to date, that there are no unusual transactions, VAT or PAYE and that initially you just require a set of accounts to pass onto the loan provider. On the assumption that most of the business transactions passed through a business bank account and that invoices and receipts were available to confirm their purpose my charges would range from somewhere in the region of £350 + VAT upwards. If you are in the UK and would like to discuss your needs in more detail please feel free to e-mail me and I will do my best to give you a better idea of the charges to expect. Regards Jus
Answer 6 :
My judging by the responses so far I'm in the wrong trade!!! Why all the expenses & for a small bussiness..I recently helped do the books 4 a company in hardship if you foned up your local tax office they would help you start & then in your local newspaper look for book keepers they are just as good & half the price...Us small businesses need to stick together & stop lining the pockets of the wealthy..No disrespect meant to accountants
Answer 7 :
Most accountants charge by the hour. More hours equals more money. Work on an average of £500 per day in the UK. A small ltd company with a turnover of (say) £100k or less would be about £750 A sole trader turning over (say) £50k might be £350-£500 These figures assume that all the books, receipts and bank statements are supplied up front and in good order
Read more other entries :
Sunday, April 7, 2013
How to become a certified chartered accountant?
How to become a certified chartered accountant?
Am 22 yrs old. I have recently been graduated with BSc Computer Science degree and also been offered a place in King's College London, University of London to do my MSc Finance and Accounting. However, i was recently told by someone that i don't need MSc degree in Finance and Accounting to become a chartered accountant, but having MSc degree will help. Also how long does it take and what qualification do i need to become a chartered accountant. Thanks Everyone :)
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The degree would give you exemption from the first three paper of the ACCA exams - there are fourteen papers in total. To be honest, if you haven't already got it, I wouldn't do the degree. It'll take you a lot longer to do that than to do the three paper it would excuse you from. Look at roughly three years to complete the ACCA (although obviously everyone is different). This answer is based on ACCA since you mentioned certified chartered accountant - if you wanted to do ACA you would need to be employed by a firm of accoutants who are recognised by the ICAEW (like PwC) but you have only a certain amount of time to complete and obviously can lose your job if you fail the exams.
Answer 2 :
Correct, you don't need an MSc in Finance and Accounting to become a chartered accountant. In fact you can even train to become a chartered accountant as a school leaver providing your A-level results are good. For more information visit the ICAEW (Institute of Chartered Accountants in England and Wales) website. The URL appears below.
Read more other entries :
Am 22 yrs old. I have recently been graduated with BSc Computer Science degree and also been offered a place in King's College London, University of London to do my MSc Finance and Accounting. However, i was recently told by someone that i don't need MSc degree in Finance and Accounting to become a chartered accountant, but having MSc degree will help. Also how long does it take and what qualification do i need to become a chartered accountant. Thanks Everyone :)
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The degree would give you exemption from the first three paper of the ACCA exams - there are fourteen papers in total. To be honest, if you haven't already got it, I wouldn't do the degree. It'll take you a lot longer to do that than to do the three paper it would excuse you from. Look at roughly three years to complete the ACCA (although obviously everyone is different). This answer is based on ACCA since you mentioned certified chartered accountant - if you wanted to do ACA you would need to be employed by a firm of accoutants who are recognised by the ICAEW (like PwC) but you have only a certain amount of time to complete and obviously can lose your job if you fail the exams.
Answer 2 :
Correct, you don't need an MSc in Finance and Accounting to become a chartered accountant. In fact you can even train to become a chartered accountant as a school leaver providing your A-level results are good. For more information visit the ICAEW (Institute of Chartered Accountants in England and Wales) website. The URL appears below.
Read more other entries :
Monday, April 1, 2013
what are the steps to become a charted accountant?
what are the steps to become a charted accountant?
i know up to getting a degree in university. but then i dont know what to do. i dont know what ACCA or CAT or ACA, or ICAEW or CIPFA or CIMA is. so can you please explain what it is. and how do i get into ACCA or ICAEW to be accountant who is doing finacial services. sorrys for asking too many questions. thanks.
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Be in touch with web page of ICAI.
Answer 2 :
Just what do you think a Chartered Accountant is? If a dull, boring person who sits in an office checking figures all day springs to mind then think again. Chartered Accountants are part of an adaptable, exciting and exacting profession. They come from all sorts of backgrounds, work all over the country - and throughout the world. As a chartered accountant you'll be playing a major role within business and industry - a member of a profession on which others depend. A profession with a strong sense of ethics and values at its core. Inevitably , the training to achieve this is tough - at least three years' study combined with a demanding full-time job. A flexible and determined approach is essential to achieve success. However, the training is fulfilling, with the emphasis on gathering knowledge from working situations. It's also an opportunity to meet and work with other bright people, and trainees admit, often with some surprise, that they enjoy an excellent social life. What Personal Qualities Do I Need? The variety of jobs undertaken by Chartered Accountants calls for a wide range of personal qualities. A Chartered Accountant needs to be: •A good communicator •A high academic achiever •A good team player •Comfortable with numbers •Able to manage others effectively •Analytical •Self-motivated Fact: most students who start training pass their professional exams. Everyone will tell you that training to be a Chartered Accountant is tough - they' re right! They'll also tell you that the qualities that get you through are commitment, hard work and determination - and once you've qualified many options and opportunities will be open to you. The majority of trainees are graduates who enter three-year training contracts. But there are also opportunities for bright non-graduates. Contracts are open to BTEC and A level students. Training contracts are offered by a wide range of firms, mainly in public practice but also in industry, and the terms and conditions of the contract may vary Make sure that you train with a firm that suits your temperament and careers objectives, and offers an adequate package of support for your tuition and examination. Working for a large firm can have advantages, you will audit many large "household name" clients and the experience is valued by many employers. Most large firms offer a package of benefits that includes competitive salaries, excellent exam support and training and for some, a greater choice over the study methods available. Working in a small or medium sized firm you will be trained more as an accountant than an auditor Many of the jobs will be for smaller clients and will provide a varied and interesting work schedule covering many areas of general practice. Many students appreciate the more personal, perhaps less pressurised environment that they work in with managers and partners often having more time to treat them as individuals. Top Tips •Study the subjects you're confident in - it's grades more than subjects that matter •Try and get some work experience to see whether it appeals to you •Talk to people about the work they do •Choose a training form that suits you
Answer 3 :
Do you mean 'chartered' accountant? To be able to be one you first need to be able to spell it correctly!
Read more other entries :
i know up to getting a degree in university. but then i dont know what to do. i dont know what ACCA or CAT or ACA, or ICAEW or CIPFA or CIMA is. so can you please explain what it is. and how do i get into ACCA or ICAEW to be accountant who is doing finacial services. sorrys for asking too many questions. thanks.
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Be in touch with web page of ICAI.
Answer 2 :
Just what do you think a Chartered Accountant is? If a dull, boring person who sits in an office checking figures all day springs to mind then think again. Chartered Accountants are part of an adaptable, exciting and exacting profession. They come from all sorts of backgrounds, work all over the country - and throughout the world. As a chartered accountant you'll be playing a major role within business and industry - a member of a profession on which others depend. A profession with a strong sense of ethics and values at its core. Inevitably , the training to achieve this is tough - at least three years' study combined with a demanding full-time job. A flexible and determined approach is essential to achieve success. However, the training is fulfilling, with the emphasis on gathering knowledge from working situations. It's also an opportunity to meet and work with other bright people, and trainees admit, often with some surprise, that they enjoy an excellent social life. What Personal Qualities Do I Need? The variety of jobs undertaken by Chartered Accountants calls for a wide range of personal qualities. A Chartered Accountant needs to be: •A good communicator •A high academic achiever •A good team player •Comfortable with numbers •Able to manage others effectively •Analytical •Self-motivated Fact: most students who start training pass their professional exams. Everyone will tell you that training to be a Chartered Accountant is tough - they' re right! They'll also tell you that the qualities that get you through are commitment, hard work and determination - and once you've qualified many options and opportunities will be open to you. The majority of trainees are graduates who enter three-year training contracts. But there are also opportunities for bright non-graduates. Contracts are open to BTEC and A level students. Training contracts are offered by a wide range of firms, mainly in public practice but also in industry, and the terms and conditions of the contract may vary Make sure that you train with a firm that suits your temperament and careers objectives, and offers an adequate package of support for your tuition and examination. Working for a large firm can have advantages, you will audit many large "household name" clients and the experience is valued by many employers. Most large firms offer a package of benefits that includes competitive salaries, excellent exam support and training and for some, a greater choice over the study methods available. Working in a small or medium sized firm you will be trained more as an accountant than an auditor Many of the jobs will be for smaller clients and will provide a varied and interesting work schedule covering many areas of general practice. Many students appreciate the more personal, perhaps less pressurised environment that they work in with managers and partners often having more time to treat them as individuals. Top Tips •Study the subjects you're confident in - it's grades more than subjects that matter •Try and get some work experience to see whether it appeals to you •Talk to people about the work they do •Choose a training form that suits you
Answer 3 :
Do you mean 'chartered' accountant? To be able to be one you first need to be able to spell it correctly!
Read more other entries :
Thursday, March 28, 2013
how should i apply for the chartered accountant course at oxford university?
how should i apply for the chartered accountant course at oxford university?
Right now I am studying in intermediate,I want to do my chartered accountant course from oxford university after I complete my intermediate education here from Pakistan,Karachi.So I would like to come there and study, it will be a great pleasure for me and I will be very thankful to you.I want to come there by scholarship so can u kindly tell me what are your requirements for a student to study there with scholarship?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You need to write directly to the university and get them to give you details of what is expected of you to gain access to the university
Read more other entries :
Right now I am studying in intermediate,I want to do my chartered accountant course from oxford university after I complete my intermediate education here from Pakistan,Karachi.So I would like to come there and study, it will be a great pleasure for me and I will be very thankful to you.I want to come there by scholarship so can u kindly tell me what are your requirements for a student to study there with scholarship?
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You need to write directly to the university and get them to give you details of what is expected of you to gain access to the university
Read more other entries :
Thursday, March 14, 2013
to fill out tax return form do i need an accountant?
to fill out tax return form do i need an accountant?
The business i do is very small, i hardly make any business in terms of cashflow. So i wondered if i still need an accountant to fill this tax return form out. If you are a small business do you still need an accountant anyway?
United Kingdom - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No if you are competent in do the forms yourself. But if you make a mistake or miss something, then you may be liable for a lot of money or even a fine. Its best to let an expert do the job as they can be complex.
Answer 2 :
You don't need an accountant, but it really depends on your own financial abilities! You need to ensure you have complete records of all your income and expenditure - its best to have a separate bank account for the business so that you don't miss anything. HMRC will help with any queries on the form, but they can't make the entries for you and they can't do your accounts. If you are unsure, it may be a good idea to attend a course run by Business Link on keeping accounts, or pay an accountant for a one-off advice session.
Answer 3 :
No you don't .. .. in fact, I would suggest all small Business owners need to be 'up to speed' on basic accountancy skills (otherwise the buiness is likley to fail) Get a few good books on Small Business Accountancy and Tax and read up on it .... if it really is beyond you, find a good accountant ...
Answer 4 :
There's a reason accountants have to be certified CPAs by their state of work. Use their services. Might cost you money, but it may save you on taxes.
Answer 5 :
You don't need one, if you are competent at understanding the rules and ramifications, it's not a legal requirement. Basically, you're paying for the accountant's knowledge and expertise, if you feel you can cope with it by all means do it yourself.
Answer 6 :
no you do not need an accountant, hence why it is called "self assessment" the advantage of having an accountant is so that they can claim additional expenses and allowances that you may not be aware of. for example. use of home as office capital allowances on equipment and vehicles. claim tax relief on bank interest and charges claim tax relief on loan interest (if you have one) this is only a small list, but without more details I cannot advise you further as I dont know the details of your trade. don forget you can complete you tax return online at www.hmrc.gov.uk. all you do is sign up for online filing, wait til a code comes through the post to setup you account and then just follow the steps. you can also take all your paperwork to an Inland Revenue office and they will help you do it too. but I wouldnt trust them lol.
Answer 7 :
It depends. There are several off-the-shelf products that can assist you if you have minimal accounting skills. From what you are describing, I wonder if you are reporting on a Schedule C (individual return). If you have a small business, Peachtree might have a product for you: http://www.peachtree.com/peachtreeaccountingline/first/ This accounting software is for people who are transitioning from paper records to a more robust accounting solution. Small is a relative term. If you are only talking about a few thousand dollars - perhaps using paper is fine.
Answer 8 :
HMRC has something called the business support team who will train you in all the aspects of the form. Their really very good. They hold classes or one to ones at your local tax office .Ring or pop in to book a session
Read more other entries :
The business i do is very small, i hardly make any business in terms of cashflow. So i wondered if i still need an accountant to fill this tax return form out. If you are a small business do you still need an accountant anyway?
United Kingdom - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No if you are competent in do the forms yourself. But if you make a mistake or miss something, then you may be liable for a lot of money or even a fine. Its best to let an expert do the job as they can be complex.
Answer 2 :
You don't need an accountant, but it really depends on your own financial abilities! You need to ensure you have complete records of all your income and expenditure - its best to have a separate bank account for the business so that you don't miss anything. HMRC will help with any queries on the form, but they can't make the entries for you and they can't do your accounts. If you are unsure, it may be a good idea to attend a course run by Business Link on keeping accounts, or pay an accountant for a one-off advice session.
Answer 3 :
No you don't .. .. in fact, I would suggest all small Business owners need to be 'up to speed' on basic accountancy skills (otherwise the buiness is likley to fail) Get a few good books on Small Business Accountancy and Tax and read up on it .... if it really is beyond you, find a good accountant ...
Answer 4 :
There's a reason accountants have to be certified CPAs by their state of work. Use their services. Might cost you money, but it may save you on taxes.
Answer 5 :
You don't need one, if you are competent at understanding the rules and ramifications, it's not a legal requirement. Basically, you're paying for the accountant's knowledge and expertise, if you feel you can cope with it by all means do it yourself.
Answer 6 :
no you do not need an accountant, hence why it is called "self assessment" the advantage of having an accountant is so that they can claim additional expenses and allowances that you may not be aware of. for example. use of home as office capital allowances on equipment and vehicles. claim tax relief on bank interest and charges claim tax relief on loan interest (if you have one) this is only a small list, but without more details I cannot advise you further as I dont know the details of your trade. don forget you can complete you tax return online at www.hmrc.gov.uk. all you do is sign up for online filing, wait til a code comes through the post to setup you account and then just follow the steps. you can also take all your paperwork to an Inland Revenue office and they will help you do it too. but I wouldnt trust them lol.
Answer 7 :
It depends. There are several off-the-shelf products that can assist you if you have minimal accounting skills. From what you are describing, I wonder if you are reporting on a Schedule C (individual return). If you have a small business, Peachtree might have a product for you: http://www.peachtree.com/peachtreeaccountingline/first/ This accounting software is for people who are transitioning from paper records to a more robust accounting solution. Small is a relative term. If you are only talking about a few thousand dollars - perhaps using paper is fine.
Answer 8 :
HMRC has something called the business support team who will train you in all the aspects of the form. Their really very good. They hold classes or one to ones at your local tax office .Ring or pop in to book a session
Read more other entries :
Subscribe to:
Posts (Atom)