Which is a better career option: Tax Accountant or Trader?
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well both can fall into the "crook" category. I would suggest that a good and fair one of either will not make a load of money.
Answer 2 :
Wow, I hope you know that those 2 fields/careers have absolutely nothing to do with them. So if you researched them just a little you would probable see which one appeals to you more.
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Friday, February 28, 2014
Friday, February 14, 2014
Which is a better career option: Tax Accountant or Trader?
Which is a better career option: Tax Accountant or Trader?
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you mean stock trader or day trader or equity trader, then it depends on your dedication to the job, and your talents and ability to analyze the situation. I know a guy who made about $300,000 over a year or two when the Dow was sliding from about 14,000 to 6,000. When it turned and went up to about 8,000, he lost most of it. I see CPAs who are doing very well in all sorts of markets. When people make money, they need someone to track it for them. When they are losing money, they want to know why. Either way, a good accountant can make money. I suspect the difference is that the trader has the potential to make more of it, but it's riskier. What's your risk tolerance?
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Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you mean stock trader or day trader or equity trader, then it depends on your dedication to the job, and your talents and ability to analyze the situation. I know a guy who made about $300,000 over a year or two when the Dow was sliding from about 14,000 to 6,000. When it turned and went up to about 8,000, he lost most of it. I see CPAs who are doing very well in all sorts of markets. When people make money, they need someone to track it for them. When they are losing money, they want to know why. Either way, a good accountant can make money. I suspect the difference is that the trader has the potential to make more of it, but it's riskier. What's your risk tolerance?
Read more other entries :
Friday, February 7, 2014
Which is a better career option: Tax Accountant or Trader?
Which is a better career option: Tax Accountant or Trader?
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you mean stock trader or day trader or equity trader, then it depends on your dedication to the job, and your talents and ability to analyze the situation. I know a guy who made about $300,000 over a year or two when the Dow was sliding from about 14,000 to 6,000. When it turned and went up to about 8,000, he lost most of it. I see CPAs who are doing very well in all sorts of markets. When people make money, they need someone to track it for them. When they are losing money, they want to know why. Either way, a good accountant can make money. I suspect the difference is that the trader has the potential to make more of it, but it's riskier. What's your risk tolerance?
Read more other entries :
Financial Services - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If you mean stock trader or day trader or equity trader, then it depends on your dedication to the job, and your talents and ability to analyze the situation. I know a guy who made about $300,000 over a year or two when the Dow was sliding from about 14,000 to 6,000. When it turned and went up to about 8,000, he lost most of it. I see CPAs who are doing very well in all sorts of markets. When people make money, they need someone to track it for them. When they are losing money, they want to know why. Either way, a good accountant can make money. I suspect the difference is that the trader has the potential to make more of it, but it's riskier. What's your risk tolerance?
Read more other entries :
Saturday, February 1, 2014
Avarage UK accountant prices?
Avarage UK accountant prices?
I have a quote from an accountant: 1 hour: £50 VAT registration (sole trader): £150 1 Year sole trader (no VAT yet) tax return: £500 Are these prices ok? Many thanks!
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
yeah, sound pretty average, you can expect to pay higher for city accountants, but that comes with the territory. A good accountant can be far more cost effective than a cheap one however.
Answer 2 :
The hourly rate seems acceptable. The VAT registration assumes it takes approx. three hours which could be a little excessive. The tax return price : as we don't know the volume of work involved, but based on the hourly rate we can calculate it will take somewhere in the region of ten hours of work, if you think there is ten hours of work then the price is okay. When considering accountants you may want to look at other factors Many accountants will often do the initial consultation for free, challenge their expertise, have you got the right business structure? Are you maximising profit? What tax breaks and advantages could benefit you? Meet with the accountant face to face, is it someone you could work with? Do they fill you with confidence? It's fairly important to get on with your accountant and this can be best done by looking them in the eyes.. How much experience do they have of your business sector or industry? This can be crucial as various business sectors may have their very own rules and regs. By being familiar with the sector you can expect your accountant to apply all the relevant advantages. Get testimonials, has the accountant got a ready list of clients that are willing to talk to you about the service they have received, if so take the opportunity to talk to them. You may not end up with a client in the same sector, competition and all that, but if far enough away and you are no threat then why not? Price is only part of the picture, it's important but please make sure you consider the whole package and you won't go far wrong.
Answer 3 :
I agree that they do not sound unreasonable. Prices vary considerably around the country but, as Alpha said, there are other factors to take into account. The VAT registration should not take very long but I imagine the quote will include an allowance for time spent in talking to you about VAT and the records required. The point about being able to get on with the accountant is important in my view. Personally I will not take on a client unless it is obvious I can be comfortable with him. The same should apply to you. Can he explain things to you in a way you understand? Most problems between accountants and clients stem from poor communication. Don't let this happen to you.
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I have a quote from an accountant: 1 hour: £50 VAT registration (sole trader): £150 1 Year sole trader (no VAT yet) tax return: £500 Are these prices ok? Many thanks!
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
yeah, sound pretty average, you can expect to pay higher for city accountants, but that comes with the territory. A good accountant can be far more cost effective than a cheap one however.
Answer 2 :
The hourly rate seems acceptable. The VAT registration assumes it takes approx. three hours which could be a little excessive. The tax return price : as we don't know the volume of work involved, but based on the hourly rate we can calculate it will take somewhere in the region of ten hours of work, if you think there is ten hours of work then the price is okay. When considering accountants you may want to look at other factors Many accountants will often do the initial consultation for free, challenge their expertise, have you got the right business structure? Are you maximising profit? What tax breaks and advantages could benefit you? Meet with the accountant face to face, is it someone you could work with? Do they fill you with confidence? It's fairly important to get on with your accountant and this can be best done by looking them in the eyes.. How much experience do they have of your business sector or industry? This can be crucial as various business sectors may have their very own rules and regs. By being familiar with the sector you can expect your accountant to apply all the relevant advantages. Get testimonials, has the accountant got a ready list of clients that are willing to talk to you about the service they have received, if so take the opportunity to talk to them. You may not end up with a client in the same sector, competition and all that, but if far enough away and you are no threat then why not? Price is only part of the picture, it's important but please make sure you consider the whole package and you won't go far wrong.
Answer 3 :
I agree that they do not sound unreasonable. Prices vary considerably around the country but, as Alpha said, there are other factors to take into account. The VAT registration should not take very long but I imagine the quote will include an allowance for time spent in talking to you about VAT and the records required. The point about being able to get on with the accountant is important in my view. Personally I will not take on a client unless it is obvious I can be comfortable with him. The same should apply to you. Can he explain things to you in a way you understand? Most problems between accountants and clients stem from poor communication. Don't let this happen to you.
Read more other entries :
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