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"
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Tuesday, June 14, 2011
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
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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
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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!
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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!
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Saturday, May 28, 2011
what do I have to do to keep accounts/bookkeeping to give to an accountant if I run an ebay business?
what do I have to do to keep accounts/bookkeeping to give to an accountant if I run an ebay business?
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ask your accountant what he needs.
Answer 2 :
If you are going to keeps books properly then you can buy actually on eBay account books with incoming and outgoings and how you fill that in is obvious...... all the money you have coming in and all the money you have going out......... or you can just keeps receipts and other information such as bank statements anything with the same info on but i think the accounts ledger (the book) is the best idea
Answer 3 :
You'll need to keep documents of actual costs that you incur. Separate the costs by category, such as shipping & handling costs, supplies (boxes, etc.), fees (such as ebay fees), and then actual sales prices. These items all need to be separated out when preparing your books and your tax return.
Answer 4 :
Sales Purchases Expenses (postage package etc.) Administrative expenses (Accountants Fees, bank charges, Petrol, Office, office supplies, Telephone etc. anything actually used (wholly used) to run the business) Oh , internet charges. Have a seperate bank account from your own personal one. Then you can record payments received and cheques paid out. VAT if you are registered
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Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Ask your accountant what he needs.
Answer 2 :
If you are going to keeps books properly then you can buy actually on eBay account books with incoming and outgoings and how you fill that in is obvious...... all the money you have coming in and all the money you have going out......... or you can just keeps receipts and other information such as bank statements anything with the same info on but i think the accounts ledger (the book) is the best idea
Answer 3 :
You'll need to keep documents of actual costs that you incur. Separate the costs by category, such as shipping & handling costs, supplies (boxes, etc.), fees (such as ebay fees), and then actual sales prices. These items all need to be separated out when preparing your books and your tax return.
Answer 4 :
Sales Purchases Expenses (postage package etc.) Administrative expenses (Accountants Fees, bank charges, Petrol, Office, office supplies, Telephone etc. anything actually used (wholly used) to run the business) Oh , internet charges. Have a seperate bank account from your own personal one. Then you can record payments received and cheques paid out. VAT if you are registered
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Saturday, May 14, 2011
So why do you want to be an accountant?
So why do you want to be an accountant?
Typical interview question.
Other - Careers & Employment - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I dont!!
Answer 2 :
cos i dont have a life
Answer 3 :
I'm bored with lion taming
Answer 4 :
I would say something like "I enjoy making the financial operations of the company more efficient and better organized, and I enjoy working with numbers".
Answer 5 :
i have no friends.
Answer 6 :
Because my name is Nigel. I like to wear a tie even when I have a polar neck jumper on. Ford Mondeos are the greatest cars you can drive. I like to do suduko in my tea breaks.
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Typical interview question.
Other - Careers & Employment - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I dont!!
Answer 2 :
cos i dont have a life
Answer 3 :
I'm bored with lion taming
Answer 4 :
I would say something like "I enjoy making the financial operations of the company more efficient and better organized, and I enjoy working with numbers".
Answer 5 :
i have no friends.
Answer 6 :
Because my name is Nigel. I like to wear a tie even when I have a polar neck jumper on. Ford Mondeos are the greatest cars you can drive. I like to do suduko in my tea breaks.
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Saturday, May 7, 2011
discuss the instrument which accountant working in central and local government to perfom work?
discuss the instrument which accountant working in central and local government to perfom work?
Fundamental accounting principles
Other - Business & Finance - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
What actually are you asking? I'm an Accountant and haven't the faintest idea what your talking about.
Answer 2 :
should`nt this be in the jokes and riddles section
Answer 3 :
You're talking about accounting by governments, i.e. public sector accounting which is different from private sector a/cg. IFAC (International Federation of Accountants) has a committee called The International Public Sector Accounting Standards Board (IPSASB). The IPSASB focuses on the accounting and financial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. It addresses these needs by issuing and promoting benchmark guidance and facilitating the exchange of information among accountants and those who work in the public sector or rely on its work. The IPSASB's objective, scope of activities and membership are set out in its Terms of Reference. They are also summarized in a fact sheet. I suggest you familiarize yourself with the Board's objectives and pronouncements. Pls refer to the link.
Answer 4 :
They usually use a spreadsheet
Answer 5 :
A calculator and an engaged brain
Answer 6 :
Que?
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Fundamental accounting principles
Other - Business & Finance - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
What actually are you asking? I'm an Accountant and haven't the faintest idea what your talking about.
Answer 2 :
should`nt this be in the jokes and riddles section
Answer 3 :
You're talking about accounting by governments, i.e. public sector accounting which is different from private sector a/cg. IFAC (International Federation of Accountants) has a committee called The International Public Sector Accounting Standards Board (IPSASB). The IPSASB focuses on the accounting and financial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. It addresses these needs by issuing and promoting benchmark guidance and facilitating the exchange of information among accountants and those who work in the public sector or rely on its work. The IPSASB's objective, scope of activities and membership are set out in its Terms of Reference. They are also summarized in a fact sheet. I suggest you familiarize yourself with the Board's objectives and pronouncements. Pls refer to the link.
Answer 4 :
They usually use a spreadsheet
Answer 5 :
A calculator and an engaged brain
Answer 6 :
Que?
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Sunday, May 1, 2011
As a Limited company do I need an accountant my law or can I do all the accounts myself?
As a Limited company do I need an accountant my law or can I do all the accounts myself?
Small Business - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can keep your accounts yourself, but I HIGHLY recommend that you use an accountant to prepare your tax returns. Accountants are the ones who know and keep up on changes in tax laws and tax forms. That's their profession. It can be overwhelming to try to keep up on such things if you are not a dedicated accountant.
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Small Business - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can keep your accounts yourself, but I HIGHLY recommend that you use an accountant to prepare your tax returns. Accountants are the ones who know and keep up on changes in tax laws and tax forms. That's their profession. It can be overwhelming to try to keep up on such things if you are not a dedicated accountant.
Read more other entries :
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