Which is better Actuary or Chartered Accountant?
hi i am currently in my first year of university, studying accounting and finance. i am really considering changing course to actuarial science. which do you folks reckon is better in terms of job availability, wages etc? thanks
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
CA
Answer 2 :
actuary if you are that good in maths actuaries are the most well paid professionals in the world
Read more other entries :
Tuesday, June 28, 2011
Tuesday, June 14, 2011
Finding an accountant for self-employed therapist?
Finding an accountant for self-employed therapist?
Hi, I'm going self-employed so I just opened a business account and my bank advised me to find an accountant... Where is the best place to look for one specialising in my field (complementary therapies)? How do I know I can trust him? How much can I reveal about my financial situation, etc? What kind of rates should I expect to pay, how often would I need him, any advice would be very welcome! Many thanks :-)x
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Go to the ACCA (Association for Chartered and certified Accountants) website. there is a link there for "find an Accountant". The site will tell you how to find an accountant and what to look for and ask.
Answer 2 :
The best thing to do is find someone already established in your field maybe local and then find out who they use and get some info of them Insider knowledge is key to any business success and im sure you can find someone, maybe even a contact from a course you did to point you in the right direction in this Dont worry about specialised accountants, numbers are numbers after all, the same in any trade. If you dont find anyone search for a book keeper first instead of an accountant. these are considerably cheaper and handle less complex smaller sized businesses and so may work out better for you. Good luck, and in your new venture!
Answer 3 :
Hi Your accountant is a critical part of your team, and they can only give you the best service if they are intimately acquainted with your business and personal financial and life situation and circumstances. Websites can be a helpful start (like the acca one mentioned by a previous respondent) but it can be the personal relationship you have with your accountant that matters. 1. ask your friends if they are already in business - they will tell you if their accountant is any good for them / how they work 2. If you are setting up in premises, ask the people who run nearby premises who their accountant is 3. Pop along to a local business network meeting and you will meet several local accountants - then chat to them. Good sources for this include BNI, BRX, the FSB, your local Chamber of Commerce, and so on. Most decent firms will give you a free first meeting where you get the chance to 'size them up'. Fees do vary - a lot will depend on precisely how much you want them to do, how you want them to do it, and how extensive your personal needs are for advice and guidance. It will also depend how much face to face contact you will need and how much email/telephone support you want. Some people like to chat through their business a lot, some less - it really does depend on your personal aims and experience. An increasing number of firms (like mine) operate a fixed fee policy, where we agree the fee up front and stick to it so there are no surprises. As a new business, watch out for firms that charge purely by the hour (a client of mine got very heavily stung by his previous accountant). Your bank manager may actually know of a few quite good accountants locally that s/he can recommend. I could of course recommend myself (I am a licensed trainer in Neuro-Linguistic Programming and a qualified hypnotherapist as well as an accountant) but that would be unfair of me! Above all, have fun and find an accountant who understands your aspirations. Kind regards David Nicoll "the accountant with attitude"
Read more other entries :
Hi, I'm going self-employed so I just opened a business account and my bank advised me to find an accountant... Where is the best place to look for one specialising in my field (complementary therapies)? How do I know I can trust him? How much can I reveal about my financial situation, etc? What kind of rates should I expect to pay, how often would I need him, any advice would be very welcome! Many thanks :-)x
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Go to the ACCA (Association for Chartered and certified Accountants) website. there is a link there for "find an Accountant". The site will tell you how to find an accountant and what to look for and ask.
Answer 2 :
The best thing to do is find someone already established in your field maybe local and then find out who they use and get some info of them Insider knowledge is key to any business success and im sure you can find someone, maybe even a contact from a course you did to point you in the right direction in this Dont worry about specialised accountants, numbers are numbers after all, the same in any trade. If you dont find anyone search for a book keeper first instead of an accountant. these are considerably cheaper and handle less complex smaller sized businesses and so may work out better for you. Good luck, and in your new venture!
Answer 3 :
Hi Your accountant is a critical part of your team, and they can only give you the best service if they are intimately acquainted with your business and personal financial and life situation and circumstances. Websites can be a helpful start (like the acca one mentioned by a previous respondent) but it can be the personal relationship you have with your accountant that matters. 1. ask your friends if they are already in business - they will tell you if their accountant is any good for them / how they work 2. If you are setting up in premises, ask the people who run nearby premises who their accountant is 3. Pop along to a local business network meeting and you will meet several local accountants - then chat to them. Good sources for this include BNI, BRX, the FSB, your local Chamber of Commerce, and so on. Most decent firms will give you a free first meeting where you get the chance to 'size them up'. Fees do vary - a lot will depend on precisely how much you want them to do, how you want them to do it, and how extensive your personal needs are for advice and guidance. It will also depend how much face to face contact you will need and how much email/telephone support you want. Some people like to chat through their business a lot, some less - it really does depend on your personal aims and experience. An increasing number of firms (like mine) operate a fixed fee policy, where we agree the fee up front and stick to it so there are no surprises. As a new business, watch out for firms that charge purely by the hour (a client of mine got very heavily stung by his previous accountant). Your bank manager may actually know of a few quite good accountants locally that s/he can recommend. I could of course recommend myself (I am a licensed trainer in Neuro-Linguistic Programming and a qualified hypnotherapist as well as an accountant) but that would be unfair of me! Above all, have fun and find an accountant who understands your aspirations. Kind regards David Nicoll "the accountant with attitude"
Read more other entries :
Tuesday, June 7, 2011
what do i need to give to my accountant?
what do i need to give to my accountant?
I went self-employed at the beginning of this yr and now have to do my first tax return. I have an accountant that will do everythin for me, but what will i need to provide him with? i'm dumb when it comes to tax and stuff and dont really know what its all about?!
Other - Taxes - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
every invoice you have done, list of business related expenses
Answer 2 :
All of the invoices, receipts, credit notes etc that you have (hopefully) maintained throughout the tax year as well as bank statements.
Answer 3 :
He will tell you what he needs. Bear in mind that the more you give him (rather than sorting out what is appropriate) the longer it will take him and the more he will charge. Bank statements, purchase invoices, petty cash record, sales records are the minimum.
Answer 4 :
every document realting to your financial activites so thats every purchase every sale every finance / loan acitivity every bank statement every payment made fro TX & NI but ONLY for things related to your work, preferably in date order preferably annotated indicating why this is a business expense, or where it was used if its not immediately clear The more work you do for your accountant the better.. he will then charge you less, or be more open to helping you. So consider abstracting those documents into say a spreadsheet with say monthly balances.. that way round the accoutnant may be less prone to leafing through every invoice if they have confidence that the summary matches the details. at the end of the process the accountant should eb abel to tell you your tax position, ideally they should be able to advise you what to do next year to improve your tax affaris
Answer 5 :
you don't say what you do my partner was self employed but he worked for a subcontractor he only handed in his bank statements showing amount earned per week ,diesel receipts for his work van ,receipts for industrial clothing & footwear ,mobile phone bills
Read more other entries :
I went self-employed at the beginning of this yr and now have to do my first tax return. I have an accountant that will do everythin for me, but what will i need to provide him with? i'm dumb when it comes to tax and stuff and dont really know what its all about?!
Other - Taxes - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
every invoice you have done, list of business related expenses
Answer 2 :
All of the invoices, receipts, credit notes etc that you have (hopefully) maintained throughout the tax year as well as bank statements.
Answer 3 :
He will tell you what he needs. Bear in mind that the more you give him (rather than sorting out what is appropriate) the longer it will take him and the more he will charge. Bank statements, purchase invoices, petty cash record, sales records are the minimum.
Answer 4 :
every document realting to your financial activites so thats every purchase every sale every finance / loan acitivity every bank statement every payment made fro TX & NI but ONLY for things related to your work, preferably in date order preferably annotated indicating why this is a business expense, or where it was used if its not immediately clear The more work you do for your accountant the better.. he will then charge you less, or be more open to helping you. So consider abstracting those documents into say a spreadsheet with say monthly balances.. that way round the accoutnant may be less prone to leafing through every invoice if they have confidence that the summary matches the details. at the end of the process the accountant should eb abel to tell you your tax position, ideally they should be able to advise you what to do next year to improve your tax affaris
Answer 5 :
you don't say what you do my partner was self employed but he worked for a subcontractor he only handed in his bank statements showing amount earned per week ,diesel receipts for his work van ,receipts for industrial clothing & footwear ,mobile phone bills
Read more other entries :
Wednesday, June 1, 2011
i really want to become an accountant?
i really want to become an accountant?
i really want to become an accountant but i dont know what to do. which accountancy firms will train me or which ones do apprenticeships i cant find any. please can anyone help i am 16 and i have left school and can anyone tell me which accountancy firms do apprenticships or train you.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Go to a community college while attending school look into staffing agencies and let them know this is what you want to do. Are you good in math? If you are take some accounting courses if you don't want to do the whole going to school but going to school will definitely fulfill what you need. If you have a degree, go to your school and seek career advise from a career adviser or counselor. Looks like you added more detail or I missed it ,since your first posting. Not having any idea where you are would be difficult for anyone to advise a young person like you. If you haven't completed highschool or do not have a GED you should strongly consider it first and talk to a highschool counselor and your parents. The counselor or your parents may have suggestions on internships in Accounting companies or firms that specialize in Accounting. Good luck!
Read more other entries :
i really want to become an accountant but i dont know what to do. which accountancy firms will train me or which ones do apprenticeships i cant find any. please can anyone help i am 16 and i have left school and can anyone tell me which accountancy firms do apprenticships or train you.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Go to a community college while attending school look into staffing agencies and let them know this is what you want to do. Are you good in math? If you are take some accounting courses if you don't want to do the whole going to school but going to school will definitely fulfill what you need. If you have a degree, go to your school and seek career advise from a career adviser or counselor. Looks like you added more detail or I missed it ,since your first posting. Not having any idea where you are would be difficult for anyone to advise a young person like you. If you haven't completed highschool or do not have a GED you should strongly consider it first and talk to a highschool counselor and your parents. The counselor or your parents may have suggestions on internships in Accounting companies or firms that specialize in Accounting. Good luck!
Read more other entries :
Subscribe to:
Posts (Atom)