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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Friday, March 1, 2013
Thursday, February 28, 2013
How would you become an accountant in Ireland? What are the main differences from US accounting?
How would you become an accountant in Ireland? What are the main differences from US accounting?
If you already an accountant in the US, a CPA what would you need to do/know to become an accountant in the Republic of Ireland
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
you have to do it all backwards
Answer 2 :
They have their own GAAPs and being in Europian Union, they also follow IFRS (International Financial Reporting Standards). I suggest you target a US based company in Ireland. This would save you from a lot of hassle. I'm also a Chartered Accountant from Pakistan and looking for a job in Ireland. Lets get in touch.
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If you already an accountant in the US, a CPA what would you need to do/know to become an accountant in the Republic of Ireland
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
you have to do it all backwards
Answer 2 :
They have their own GAAPs and being in Europian Union, they also follow IFRS (International Financial Reporting Standards). I suggest you target a US based company in Ireland. This would save you from a lot of hassle. I'm also a Chartered Accountant from Pakistan and looking for a job in Ireland. Lets get in touch.
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Thursday, February 14, 2013
Does Limited Company have to have an accountant to do company accounts?
Does Limited Company have to have an accountant to do company accounts?
I would like to know whether Limited company has to have an accountant/professional to do company accounts by law?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, not by UK law, but it would be wise to do so.
Answer 2 :
No, you can use a book-keeper or company secretary to do the day-to-day paperwork, but I highly recommend that you use an Accountant to do the final year-end figures. As I have said many times on Yahoo, a good Accountant will save you more than his fee. He will know of all the allowances that you can claim against tax, he will know of any recent changes in tax/law and how to implement those changes, and he will be able to see which areas of your business need to be amended in order to work at it's full potential.
Answer 3 :
I agree with Cala. I am the company secretary of my husband's business and do the day-to-day bookwork. However, at the end of the financial year, we always get our accountant to finalise everything and keep us on the straight and narrow. He is well worth his fee.
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I would like to know whether Limited company has to have an accountant/professional to do company accounts by law?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No, not by UK law, but it would be wise to do so.
Answer 2 :
No, you can use a book-keeper or company secretary to do the day-to-day paperwork, but I highly recommend that you use an Accountant to do the final year-end figures. As I have said many times on Yahoo, a good Accountant will save you more than his fee. He will know of all the allowances that you can claim against tax, he will know of any recent changes in tax/law and how to implement those changes, and he will be able to see which areas of your business need to be amended in order to work at it's full potential.
Answer 3 :
I agree with Cala. I am the company secretary of my husband's business and do the day-to-day bookwork. However, at the end of the financial year, we always get our accountant to finalise everything and keep us on the straight and narrow. He is well worth his fee.
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Thursday, February 7, 2013
Where to file a complaint against my accountant?
Where to file a complaint against my accountant?
Where I can I seek assistance and/or file a complaint against my accountant who refuses to release my tax repayment to me? Is there a governing organisation for accountants in the UK? To operate as an accountant would he need a license or to be registered with a private or government agency?
Law & Ethics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
icaew http://www.icaew.com/index.cfm/route/139178/icaew_ga/en/Home/Protecting_the_public/Complaints_process/Complaints_process Or any other body that the accountants are a member of
Answer 2 :
CIMA I doubt your one is a Management Accountant but may be.
Answer 3 :
Nope, anyone can call themselves an accountant but 99.99% will belong to a professional body. Does your man advertise? It should give you a clue. http://en.wikipedia.org/wiki/British_qualified_accountants
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Where I can I seek assistance and/or file a complaint against my accountant who refuses to release my tax repayment to me? Is there a governing organisation for accountants in the UK? To operate as an accountant would he need a license or to be registered with a private or government agency?
Law & Ethics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
icaew http://www.icaew.com/index.cfm/route/139178/icaew_ga/en/Home/Protecting_the_public/Complaints_process/Complaints_process Or any other body that the accountants are a member of
Answer 2 :
CIMA I doubt your one is a Management Accountant but may be.
Answer 3 :
Nope, anyone can call themselves an accountant but 99.99% will belong to a professional body. Does your man advertise? It should give you a clue. http://en.wikipedia.org/wiki/British_qualified_accountants
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Friday, February 1, 2013
Where can i find a Job description and person specification for an accountant?
Where can i find a Job description and person specification for an accountant?
I really need both a job description and a person specification for an accountant! They don't have to be together but i've been looking for ages now and cant seem to find any! If you could direct me to the right place it would be very much appreciated! Links would be greatly welcomed also :) Thanks in advance. Ronan x
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Go to a recruitment website such as www.jobserve.co.uk, www.jobsite.co.uk or www.monster.co.uk. Do a search on accountancy jobs and you will get a list of accountancy jobs, have a look at the job specs.
Answer 2 :
I've posted a couple of links for you below. Both of these happen to be in local government - the public sector is quite keen on person specs and job descriptions - but similar descriptions would apply elsewhere.
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I really need both a job description and a person specification for an accountant! They don't have to be together but i've been looking for ages now and cant seem to find any! If you could direct me to the right place it would be very much appreciated! Links would be greatly welcomed also :) Thanks in advance. Ronan x
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Go to a recruitment website such as www.jobserve.co.uk, www.jobsite.co.uk or www.monster.co.uk. Do a search on accountancy jobs and you will get a list of accountancy jobs, have a look at the job specs.
Answer 2 :
I've posted a couple of links for you below. Both of these happen to be in local government - the public sector is quite keen on person specs and job descriptions - but similar descriptions would apply elsewhere.
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Monday, January 28, 2013
How much in savings warrant an accountant ?
How much in savings warrant an accountant ?
If a person is close to retirement, has an amount of savings to live off, how much in savings makes an accountant a viable option ?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It depends on how financially astute you are and whether you can deal with your tax affiars yourself. You might find the services of a financial advisor more appropriate if you ned help with investments.
Answer 2 :
You only require an accountant if you need someone to do a Tax Return for you. Otherwise I would suggest a financial adviser, but a good one who has qualifications, not any Tom, Dick, or Harry who fancies the title. You have to be careful, virtually anyone can set up as an adviser. Also, whereas accountants are likely to charge by the hour, financial advisers get paid for the products they sell you, and their advice is not always in your best interests in the case of the cowboys.
Answer 3 :
Size is immaterial to needing an accountant. The work is the same for $10,000,000 as $10.
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If a person is close to retirement, has an amount of savings to live off, how much in savings makes an accountant a viable option ?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It depends on how financially astute you are and whether you can deal with your tax affiars yourself. You might find the services of a financial advisor more appropriate if you ned help with investments.
Answer 2 :
You only require an accountant if you need someone to do a Tax Return for you. Otherwise I would suggest a financial adviser, but a good one who has qualifications, not any Tom, Dick, or Harry who fancies the title. You have to be careful, virtually anyone can set up as an adviser. Also, whereas accountants are likely to charge by the hour, financial advisers get paid for the products they sell you, and their advice is not always in your best interests in the case of the cowboys.
Answer 3 :
Size is immaterial to needing an accountant. The work is the same for $10,000,000 as $10.
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Monday, January 14, 2013
How to become a KS3 maths teacher after 20 years as an accountant?
How to become a KS3 maths teacher after 20 years as an accountant?
With a degree in English and over twenty years as an accountant, what is the best and fastest way to train as a math teacher (preferably sixth form level teaching), in England ?
Teaching - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Since you have your degree in English, you can go straight into Uni again, and do a PGCE in Mathematics. Some universities may want you to have some kind of voluntary work in a secondary school teaching Mathematics, if you go onto the UCAS site and search for the course, you can see the universities' requirements. You have missed the deadline to begin in September though. http://www.gold.ac.uk/pgce/secondary-mathematics/
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With a degree in English and over twenty years as an accountant, what is the best and fastest way to train as a math teacher (preferably sixth form level teaching), in England ?
Teaching - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Since you have your degree in English, you can go straight into Uni again, and do a PGCE in Mathematics. Some universities may want you to have some kind of voluntary work in a secondary school teaching Mathematics, if you go onto the UCAS site and search for the course, you can see the universities' requirements. You have missed the deadline to begin in September though. http://www.gold.ac.uk/pgce/secondary-mathematics/
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