How Much Does An Accountant Get Paid Per Year ? x?
Estimate Of How Much An Accountant Gets Paid Per Year x
Financial Services - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
16 million.
Answer 2 :
what country region state county city company education?
Answer 3 :
Three times as much as he declares to the tax man
Answer 4 :
An Accountants salary is directly related to the duties and responsibilities said accountant performs and the level of education required in order to do the job.
Answer 5 :
£15,000 - £30,000 per annum
Answer 6 :
£20000 - 30000 + a year Even more when theyre being their own boss!
Answer 7 :
In the US accountants make $45,000- $48,000 starting with a bachelors degree. Senior Accountants with 5 years or so exp. make about $75,000. CPA:S MAKE $55,000 starting.
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Saturday, April 28, 2012
Saturday, April 14, 2012
can i take my accountant to court for doing my tax return wrong?
can i take my accountant to court for doing my tax return wrong?
United Kingdom - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
In the US, the liability would be limited to the penalties and interest but, yes you could take them to court. Example: If his error resulted in you owing additional money, the government will charge you the additional money, interest on that money plus a penalty. The accountant would be liable for the interest and the fines/penalty but you would be liable for the underpayment amount. If his error resulted in you getting additional money back, then he would only be liable (maybe) for any interest you lost. The US does not fine people for errors that result in overpayments.
Answer 2 :
yeah , drag tht fat ass$ to court, he did mine wrong too,,buh i forgive him..
Answer 3 :
Almost certainly yes. You would be entitled to recover any costs incurred by his error. EG any interest or penalties due to the taxman, any costs involved in re-doing your return etc. You would probably have a case under breach of contract, for not providing a satisfatory service etc. You may also have a case in negligence if the quality of his work has fallen below that expected of a reasonable accountant. Either way the outcome would be the same. You should not have to sue him though. If he did your returns and they are obviously wrong then he should accept the mistake and reimburse you. If he refuses it may be easier and quicker for you to approach his professional body rather than the courts.
Answer 4 :
It depends on what the impact of the incorrect return was. However, if you signed it, then you are responsible for whats in it.
Answer 5 :
Yes of course you can. But to get damages, you have to prove that you have suffered loss. Most tax errors can be corrected, so it's unlikely you've actually suffered a loss.
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United Kingdom - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
In the US, the liability would be limited to the penalties and interest but, yes you could take them to court. Example: If his error resulted in you owing additional money, the government will charge you the additional money, interest on that money plus a penalty. The accountant would be liable for the interest and the fines/penalty but you would be liable for the underpayment amount. If his error resulted in you getting additional money back, then he would only be liable (maybe) for any interest you lost. The US does not fine people for errors that result in overpayments.
Answer 2 :
yeah , drag tht fat ass$ to court, he did mine wrong too,,buh i forgive him..
Answer 3 :
Almost certainly yes. You would be entitled to recover any costs incurred by his error. EG any interest or penalties due to the taxman, any costs involved in re-doing your return etc. You would probably have a case under breach of contract, for not providing a satisfatory service etc. You may also have a case in negligence if the quality of his work has fallen below that expected of a reasonable accountant. Either way the outcome would be the same. You should not have to sue him though. If he did your returns and they are obviously wrong then he should accept the mistake and reimburse you. If he refuses it may be easier and quicker for you to approach his professional body rather than the courts.
Answer 4 :
It depends on what the impact of the incorrect return was. However, if you signed it, then you are responsible for whats in it.
Answer 5 :
Yes of course you can. But to get damages, you have to prove that you have suffered loss. Most tax errors can be corrected, so it's unlikely you've actually suffered a loss.
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Saturday, April 7, 2012
how to become an accountant?
how to become an accountant?
please help. I have a science degree. but unfortunately i didn't do too well and only got a 2:2. i want to go into accountant. what are the routes of becoming as accountant? i have experience in data input. i'm lost and don't know what to do. how would I become an accountant without studying for a 3 years accounting degree. does anyone know the routes of becoming an accountant? how long would it take? thanks.
Higher Education (University +) - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I have BS Finance and oldest son has BS Accounting plus he passed state CPA examination and has CPA license. If you already have degree, then 2 choices and cheapest economical way would be first to take and complete BASIC ACCOUNTING COURSES (normally 2 courses: one full year). FYI they are not easy in terms of grasping all various accounting concepts necessary to post Income Statement and other required statements bec how well you do and understand leads to more difficult 3rd course INTERMEDIATE ACCOUNTING followed by various ACCOUNTING SPECIALTIES and ADVANCED COURSES <= these are the ones you have to reakky understand well in order to pass all "4 parts" of Certified Public Accounting EXAMINATION. I work daily with CPA's and if you are able to pass and do well in 3 above courses: 2 should be available at local community college and they even now teach in local high schools, then your best route is to pursue MBA or Masters degree in Accounting. Hope the Above Info Helps!
Answer 2 :
There are accountants and there are accountants. The range of activities is huge. There are those who work for small organisations to keep the books, advise owners and file the statutory accounts. There are those who are in private practice and who support small businesses providing book keeping, auditing,tax returns and statutory accounts. There are those who work in industry where they may have a specialist role with responsibility for scores of people and multi-million pound budgets. There are those who work for the 'Big 4' accounting and management consultancy firms who advise governments or conduct business for some of the biggest companies on earth. I have a friend, called an accountant, who tots up the VAT liability of a council department. There is a whole spectrum of activity loosely called accountancy. You do not give any clues where your interests lie. The big accountancy firms provide their own training to an exceptionally high standard. They do not necessarily require prior accountancy qualifications but they do want the best brains and can afford to be highly selective. A 2:2 degree is unlikely to excite them. If you can find a training position with one of the middle ranking firms, you will still need to train, probably using distance learning with the odd classroom session and also on the job. There is a lot to know as accountancy is much broader than book keeping. You will learn about many aspects of law, taxation, accounting standards, economics, statistics, organisation theory, information systems and the like. Some of this you will probably already know. Councils and some commercial companies will have their own training schemes. Smaller companies will not have the resources to train and will be looking for qualified, experienced staff. There are a few professional accountancy bodies (e.g. ICAEW), including one for public service accountants (CIPFA), each with its own entry requirements and qualification structure. Professional standards are high and you can expect training to require a lot of commitment on your part over a number of years. There is an intermediate qualification, Member of the Association of Accounting Technicians (MAAT), that is worthwhile in its own right and will open many doors though probably not get you to the top. It all depends on the level at which you want to operate. I suggest that you might want to capitalise on your science degree and aim higher than MAAT - though it is a perfectly robust qualification and incredibly useful in business. Accountancy probably has as much diversity as engineering so you might need to give some more thought to what interests you about accountancy and business so you have a better idea of how to position any application you might make. It's another of those situations in which you need to make some sort of choice before you fully understand the options. Don't worry. You can adjust your direction once the landscape falls into place, which will only happen once you step over the threshold. Good luck.
Answer 3 :
Two good answers here already. Have you notices how these accounting professional answered your question? They used capital letters, commas, periods and a host of other common English grammar skills to make their point. Accounting is not just about numbers, it's also about explaining, in writing, what those numbers me. English writing skills are mandatory. And as for your grammar....
Answer 4 :
you could do an AAT course..
Answer 5 :
there are possiblities in UK (NTA) but I need more informations to give you a concrete answer - send me a mail
Read more other entries :
please help. I have a science degree. but unfortunately i didn't do too well and only got a 2:2. i want to go into accountant. what are the routes of becoming as accountant? i have experience in data input. i'm lost and don't know what to do. how would I become an accountant without studying for a 3 years accounting degree. does anyone know the routes of becoming an accountant? how long would it take? thanks.
Higher Education (University +) - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I have BS Finance and oldest son has BS Accounting plus he passed state CPA examination and has CPA license. If you already have degree, then 2 choices and cheapest economical way would be first to take and complete BASIC ACCOUNTING COURSES (normally 2 courses: one full year). FYI they are not easy in terms of grasping all various accounting concepts necessary to post Income Statement and other required statements bec how well you do and understand leads to more difficult 3rd course INTERMEDIATE ACCOUNTING followed by various ACCOUNTING SPECIALTIES and ADVANCED COURSES <= these are the ones you have to reakky understand well in order to pass all "4 parts" of Certified Public Accounting EXAMINATION. I work daily with CPA's and if you are able to pass and do well in 3 above courses: 2 should be available at local community college and they even now teach in local high schools, then your best route is to pursue MBA or Masters degree in Accounting. Hope the Above Info Helps!
Answer 2 :
There are accountants and there are accountants. The range of activities is huge. There are those who work for small organisations to keep the books, advise owners and file the statutory accounts. There are those who are in private practice and who support small businesses providing book keeping, auditing,tax returns and statutory accounts. There are those who work in industry where they may have a specialist role with responsibility for scores of people and multi-million pound budgets. There are those who work for the 'Big 4' accounting and management consultancy firms who advise governments or conduct business for some of the biggest companies on earth. I have a friend, called an accountant, who tots up the VAT liability of a council department. There is a whole spectrum of activity loosely called accountancy. You do not give any clues where your interests lie. The big accountancy firms provide their own training to an exceptionally high standard. They do not necessarily require prior accountancy qualifications but they do want the best brains and can afford to be highly selective. A 2:2 degree is unlikely to excite them. If you can find a training position with one of the middle ranking firms, you will still need to train, probably using distance learning with the odd classroom session and also on the job. There is a lot to know as accountancy is much broader than book keeping. You will learn about many aspects of law, taxation, accounting standards, economics, statistics, organisation theory, information systems and the like. Some of this you will probably already know. Councils and some commercial companies will have their own training schemes. Smaller companies will not have the resources to train and will be looking for qualified, experienced staff. There are a few professional accountancy bodies (e.g. ICAEW), including one for public service accountants (CIPFA), each with its own entry requirements and qualification structure. Professional standards are high and you can expect training to require a lot of commitment on your part over a number of years. There is an intermediate qualification, Member of the Association of Accounting Technicians (MAAT), that is worthwhile in its own right and will open many doors though probably not get you to the top. It all depends on the level at which you want to operate. I suggest that you might want to capitalise on your science degree and aim higher than MAAT - though it is a perfectly robust qualification and incredibly useful in business. Accountancy probably has as much diversity as engineering so you might need to give some more thought to what interests you about accountancy and business so you have a better idea of how to position any application you might make. It's another of those situations in which you need to make some sort of choice before you fully understand the options. Don't worry. You can adjust your direction once the landscape falls into place, which will only happen once you step over the threshold. Good luck.
Answer 3 :
Two good answers here already. Have you notices how these accounting professional answered your question? They used capital letters, commas, periods and a host of other common English grammar skills to make their point. Accounting is not just about numbers, it's also about explaining, in writing, what those numbers me. English writing skills are mandatory. And as for your grammar....
Answer 4 :
you could do an AAT course..
Answer 5 :
there are possiblities in UK (NTA) but I need more informations to give you a concrete answer - send me a mail
Read more other entries :
Sunday, April 1, 2012
Can I sue my accountant who left me with a 80k tax bill? I am a self employed plumber?
Can I sue my accountant who left me with a 80k tax bill? I am a self employed plumber?
United Kingdom - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You certainly can if he was at fault.
Answer 2 :
yes if he/she acted negligently and did not do a proper job but most accountants and also HMRC would rely on you to sign of the returns so its catch 22 they will most likely turn it on you
Answer 3 :
Only if he did something wrong! If you actually do owe the money then he isn't at fault.
Answer 4 :
Not if you actually owe the tax - if he's made an error you can ask the tax office to re-assess first then perhaps you may have a case for damages
Answer 5 :
It depends on whether he has performed negligently - that is if he has not acted in a way a reasonable accountant would. That standard would be greater if he is professionally qualified (eg as a Chartered or Certified Accountant). What you do not say is why you have a 80k tax bill. If it is tax that is properly due, and there is no reasonable way you could have avoided that tax, then the accountant is not at fault and you have no case. If it is because he failed to advise you to make a tax election, say, that he should have been aware would have been beneficial to you, then you can. If you can provide more information as to how the tax bill arose, and why it might have been lower but for some negligence on the part of your accountant, then we may be able to offer you a more detailed answer.
Answer 6 :
It all depends! A professional adviser has a duty of care. If he/she has been negligent then yes, there would be a prima facie case to sue for compensation. It depends on what you hired the Accountant to do. You should look at the engagement letter which he should have given you when he started working for you.
Read more other entries :
United Kingdom - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You certainly can if he was at fault.
Answer 2 :
yes if he/she acted negligently and did not do a proper job but most accountants and also HMRC would rely on you to sign of the returns so its catch 22 they will most likely turn it on you
Answer 3 :
Only if he did something wrong! If you actually do owe the money then he isn't at fault.
Answer 4 :
Not if you actually owe the tax - if he's made an error you can ask the tax office to re-assess first then perhaps you may have a case for damages
Answer 5 :
It depends on whether he has performed negligently - that is if he has not acted in a way a reasonable accountant would. That standard would be greater if he is professionally qualified (eg as a Chartered or Certified Accountant). What you do not say is why you have a 80k tax bill. If it is tax that is properly due, and there is no reasonable way you could have avoided that tax, then the accountant is not at fault and you have no case. If it is because he failed to advise you to make a tax election, say, that he should have been aware would have been beneficial to you, then you can. If you can provide more information as to how the tax bill arose, and why it might have been lower but for some negligence on the part of your accountant, then we may be able to offer you a more detailed answer.
Answer 6 :
It all depends! A professional adviser has a duty of care. If he/she has been negligent then yes, there would be a prima facie case to sue for compensation. It depends on what you hired the Accountant to do. You should look at the engagement letter which he should have given you when he started working for you.
Read more other entries :
Wednesday, March 28, 2012
Can I become an accountant?
Can I become an accountant?
I have just finished a degree in mathematics. I would like to become a trainee accountant but have no relevant work experience. I have heard that it is possible to become an accountant without a degree. Do I have a chance at being accepted to be a trainee accountant when I have no previous experience?
Financial Services - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
have a look on the AAT website, you can go to college to study this, even do it part time, it will help you with getting on the ladder and going further into accounting.
Answer 2 :
Hello If you want to be an accountant, you can go through the ACCA or ICAEW route. Just look them up online and read about them. You may not need another degree to become an accountant, but we will still need to sit some papers, 14 of them! which ever route you chose. But if you have a maths degree, you could even consider becoming an actuary. It's really well paid, and you'll manage it fine, if you're good in maths.
Answer 3 :
You cant be a trainee until you have a university degree in accountancy - I have certificates in book keeping, financial management 25 years of financial work, I worked in banks, lawyers, financial institutions tax office but cannot be a trainee accountant till I have a degree in accounts and a clean credit rating. I could do the job with my eyes shut, I can do ledgers, Vat Returns, wages, tax returns, management accounts, capital expenditure but I cannot do an audit(I know how to) because i am not an accountant.
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I have just finished a degree in mathematics. I would like to become a trainee accountant but have no relevant work experience. I have heard that it is possible to become an accountant without a degree. Do I have a chance at being accepted to be a trainee accountant when I have no previous experience?
Financial Services - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
have a look on the AAT website, you can go to college to study this, even do it part time, it will help you with getting on the ladder and going further into accounting.
Answer 2 :
Hello If you want to be an accountant, you can go through the ACCA or ICAEW route. Just look them up online and read about them. You may not need another degree to become an accountant, but we will still need to sit some papers, 14 of them! which ever route you chose. But if you have a maths degree, you could even consider becoming an actuary. It's really well paid, and you'll manage it fine, if you're good in maths.
Answer 3 :
You cant be a trainee until you have a university degree in accountancy - I have certificates in book keeping, financial management 25 years of financial work, I worked in banks, lawyers, financial institutions tax office but cannot be a trainee accountant till I have a degree in accounts and a clean credit rating. I could do the job with my eyes shut, I can do ledgers, Vat Returns, wages, tax returns, management accounts, capital expenditure but I cannot do an audit(I know how to) because i am not an accountant.
Read more other entries :
Wednesday, March 14, 2012
what is an earning salary per yr of an accountant?
what is an earning salary per yr of an accountant?
i want to become an accounant and want to know how much money you get
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
start at 20 work towards 30-50 after few years more
Answer 2 :
a junior accountant with a univestiy degree earns around $55000 per year, while a senior professional accounts earns $200,000 and up per year
Answer 3 :
The average salary for a qualified accountant is £47,000. Obviously, how much experience you have and where you work will affect this.
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i want to become an accounant and want to know how much money you get
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
start at 20 work towards 30-50 after few years more
Answer 2 :
a junior accountant with a univestiy degree earns around $55000 per year, while a senior professional accounts earns $200,000 and up per year
Answer 3 :
The average salary for a qualified accountant is £47,000. Obviously, how much experience you have and where you work will affect this.
Read more other entries :
Wednesday, March 7, 2012
I need a template for an Accountant's Certificate as I have a client needing one for his mortgage application
I need a template for an Accountant's Certificate as I have a client needing one for his mortgage application
Personal Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If he does not have an Accountants Certificate, what you are doing is fraud!
Answer 2 :
Karen, I am assuming you are not a mortgage advisor. There is a mortgage for everyone (without making documents up) apart from people who are currently bankrupt. Have a look at http://www.mortgagebrokers4london.co.uk./mortgage_guide.htm to see different kind of self Cert mortgages.
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Personal Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If he does not have an Accountants Certificate, what you are doing is fraud!
Answer 2 :
Karen, I am assuming you are not a mortgage advisor. There is a mortgage for everyone (without making documents up) apart from people who are currently bankrupt. Have a look at http://www.mortgagebrokers4london.co.uk./mortgage_guide.htm to see different kind of self Cert mortgages.
Read more other entries :
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