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.

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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).

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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)

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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

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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

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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!

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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 !

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