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
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Thursday, March 28, 2013
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
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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 :
Thursday, March 7, 2013
What's the average business mileage for a trainee accountant?
What's the average business mileage for a trainee accountant?
I was just wondering what kind of business mileage someone working as a trainee accountant for a Big 4 accountancy firm in audit might do each year. Any kind of guess or estimate would be helpful. I'm trying to work out how much money i'd get per year in one of those jobs from 40p per mile expenses, as it probably wont cost me 40p a mile to run a car so i'll be able to make a profit on it.
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
That's like asking "how long is a piece of string". It depends entirely on what your individual position entails.
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I was just wondering what kind of business mileage someone working as a trainee accountant for a Big 4 accountancy firm in audit might do each year. Any kind of guess or estimate would be helpful. I'm trying to work out how much money i'd get per year in one of those jobs from 40p per mile expenses, as it probably wont cost me 40p a mile to run a car so i'll be able to make a profit on it.
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
That's like asking "how long is a piece of string". It depends entirely on what your individual position entails.
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Friday, March 1, 2013
Is keeping an accountant necessary for a UK private limited even though its Main Office is outside UK?
Is keeping an accountant necessary for a UK private limited even though its Main Office is outside UK?
I work for an online newspaper (running for 5 years now) which has its head office outside UK. All the financial dealings/advertisements/barters are taken place back in the home country. Now if my owner wants to register the company here in UK as a Plc, is it necessary to have an accountant (although there will be no finance involved in UK) and to do a VAT registration?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If he want to register it in the UK it has to be registered with Companies House and they will need a yearly account record of the company, they can get a good book keeper for the accounts and the VAT returns but need an accountant for the end of year audits.
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I work for an online newspaper (running for 5 years now) which has its head office outside UK. All the financial dealings/advertisements/barters are taken place back in the home country. Now if my owner wants to register the company here in UK as a Plc, is it necessary to have an accountant (although there will be no finance involved in UK) and to do a VAT registration?
Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If he want to register it in the UK it has to be registered with Companies House and they will need a yearly account record of the company, they can get a good book keeper for the accounts and the VAT returns but need an accountant for the end of year audits.
Read more other entries :
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