Thursday, November 14, 2013

which is a better job? engineering or Accountant?

which is a better job? engineering or Accountant?
when i say better job, i mean who gets paid more. engineer or accountant. on average.
Technology - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
engineer has many many options. For example, you could be a patent clerk and make tons of money. However, depending on the type of account, you could also make a lot of money. Accounting is boring though. Go with engineering, if you are smart enough because it is a hard profession.
Answer 2 :
In terms of pay, they are both very similar. There is a lack of engineering graduates in the west so I would say there is less competition in getting an engineering job, which is a good thing if you're looking to go into engineering, because you'll be in high demand!

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Thursday, November 7, 2013

Is It True That You Get Awarded A BSc Degree If You Train To Become A Chartered Accountant Through ACCA?

Is It True That You Get Awarded A BSc Degree If You Train To Become A Chartered Accountant Through ACCA?

Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You are not automatically given a degree, but if you successfully complete the first two levels and achieve part qualified status then you can write an essay which is submitted to Oxford Brookes University. If this essay is accepted then you will be awarded a BSC in Applied Accountancy from this university. The class of degree is based on your ACCA exam results thus far and the cost of the degree to you will be less than £100 which is the cost of submitting the essay to Oxford Brookes University. Much cheaper than getting a degree the traditional way!
Answer 2 :
The wording is "you will have the opportunity to study for a BSc (Hons) in Applied Accounting". That's what you do in college, study for a degree. So I imagine they aren't just going to give it to you (it's an honors diploma), you will have to study for the ACCA exams and study or take classes plus pay money for the BSc separately.

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Friday, November 1, 2013

What does a research accountant do?

What does a research accountant do?

Other - Business & Finance - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
a research accountant is responsible for the management of research founds. how much has been used for this research and how much is needed to complete it or to get to the next step of the research

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Monday, October 28, 2013

accountant made mistake in tax return?

accountant made mistake in tax return?
my accountant has made a huge error in my tax return, she says i need to pay 20,000 what can i do? also, she told me only two days ago i need it paid today
United Kingdom - 10 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Call the irs and tell them its a mistake. See what they can do.
Answer 2 :
you going to have to raise this issue with her and get her to go over it again, or take it and get a second opinion. if you get the same answer you know it wasnt a mistake, and you will have to work out with a the tax office a repayment scheme, but dont think you will get away with £50 a month for instance. my brother in law has the same but his was right and he has been told he has to pay back £450 a month on top of his normal monthly amount, so in total i think its around £800 he has to pay to clear it or declare himself bankrupt. he is self employed with a sucessful business and he will lose absolutely everything
Answer 3 :
lol go in there tomarrow and be like.. umm excuse me but you fu*ked up. i had that happen before.. but the numbers were not as high they usually fix it in like 10-15 min just use turboTax lol
Answer 4 :
better off doing them yourself,mine told me everything was sorted and gave me a bill 3 times the amount i was expecting and then the tax office hassled me for 2 years saying my returns had not been filed.i didn't have any problems after i did it myself.its like the accountant was employed by the taxman and i was paying the bill!!!! robbing shysters
Answer 5 :
If you are saying that the £20k is correct and you cannot pay it, then contact the Business Support Line for help with time to pay. 0845 302 1435
Answer 6 :
You can make something called an "error or mistake claim" I can't understand any vaguely competent accountant making a mistake this size. Does she admit to the error? You should 1/ Get a new qualified accountant to sort it out, and 2/ sue her for the cost. She should have professional indemnity insurance to cover.
Answer 7 :
Are you saying you THINK it is a mistake or has she ADMITTED to a mistake? If she has admitted to a mistake then she needs to contact HMRC to sort it out as soon as possible. If you incurr any loss it will be up to her (insurance) to reimburse you. If you think she has made a mistake you need to get her to explain the details. If you still disagree then you need to get a second opinion. It would also be a good idea for you to contact HMRC to discuss your payment options with them, because you almost certainly owe something. £20,000 is a huge sum, representing income tax on earnings of about £70,000 for the year. I'm not sure how an accountant could make such an obvious mistake. How much money did you make in 07/08? Did you make £70,000 and spend it all?
Answer 8 :
From a tax office point of view, accountant is your employee, and you are responsible. You can ask for time to pay, but you will probably be charged interest if payment (which it sounds is due tomorrow) is paid late. You may be able to claim any extra expense from accountant if it is her fault.
Answer 9 :
See the accountant immediately. It can all be sorted out within the rules but you must establish the facts. If the tax is payable today then it will relate to the 2007/08 tax return. Any mistake in this return can be corrected up to 31st January 2010. The easiest way is for her to submit a corrected return electronically. The most important thing for you to do is to establish the correct amount of tax to pay. And then pay it. HMRC are not interested in the fact that you only found out the liability a few days ago. You should have known that some tax was due and sorted out the position with the accountant in good time.
Answer 10 :
do it yourself, much less hassle than you might think. accountants are in it for the money. yours.

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Monday, October 14, 2013

I am going to be a chartered accountant next year. can i find a nice and well paid job in australia?

I am going to be a chartered accountant next year. can i find a nice and well paid job in australia?
i work in a private practice in London and am an affliate with ACCA.
Other - Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think you need to be equivalent to CPA and get your skills approved at any university offerring CPA, once the skills are assessed and found equivalent to CPA, you get a fantastic job in Australia. Log on to www.training8m.com and ask the panel of experts

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Monday, October 7, 2013

do i need an accountant?

do i need an accountant?
I have set up a small business - self employed - do I need an accountant ? or can I simply do it all myself - I am currently just keeping a monthly spreadsheet with all my incomings and outgoings ? not sure what I need to do when it comes to tax returns.
Other - Taxes - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
A good accountant can save you more than their fees by making sure you claim all the allowances and tax breaks you are entitled to: capital depreciation (use of vehicles for example), indexing, losses,VAT etc.The taxman isn't obliged to tell you! A spreadsheet doesn't sound enough.You'd also need receipts, as you can offset any expenses against your tax bill.
Answer 2 :
Yeah most Schedule C taxpayers will need an accountant.
Answer 3 :
yes
Answer 4 :
I would say yes, more like it the accountant will do a better job and keep all your accounts and paper work up-to-date, also he can provide you with advice if needed.
Answer 5 :
HMRC has all the answers and you can do your tax yourself, go to the small business section it greatly depends if you are a ltd business or partnership

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Tuesday, October 1, 2013

If i want to be an accountant?

If i want to be an accountant?
What qualifications and subjects should i take and do i need exceptionally good maths to be one
Primary & Secondary Education - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
http://www.bbc.co.uk/schools/studentlife/careersandchoices/dreamjobs/citycareers/accountant.shtml All you need is here
Answer 2 :
To be an accountant you will need to be very good at maths obtaining at least a grade B and you should study subjects like business studies, economics, and maths.
Answer 3 :
u need to take economics math and commerce excel in commerce and mathematics if u want to know legal laws related to accounting u need to take up civics this is about indian accountancy.
Answer 4 :
Yes Maths is a must, ICT is important (More often then not you'll have to learn about software, hardware and all that which is basically ICT A Level.) You can do Business as well, that's generally acceptable. Or Economics, thats good too. But yeah apart from that, you can do it as long you have Maths and ICT. :) good luck.

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