do you think English accountants can get work in Turkey?
I am studying to be an accountant and really want to move to Turkey but im worried i might not get work over there, do any of you guys have any ideas or experience?
Other - Local Businesses - 8 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I don't have an experience, but if you speak fluent turkish you shouldn't have a problem.
Answer 2 :
Why would they want to? I bet there might be some firms that can give you work, but the salary will be very small.
Answer 3 :
i live in Turkey and there are a lot of accountants here.and 50% don't work because they can't find a job...stay in uk
Answer 4 :
as long as u speak the language, go for it, but expect a drop in your style of living, you wont earn as much money etc as you do here.
Answer 5 :
You could work there as long as you are fluent in Turkish language and currency.
Answer 6 :
you would need to check, but my mum moved to turkey a few years ago and she has always said that it is really difficult for an English person to get a job there as you can only take up a post that a Turkish person cannot do. i don't really know what this means but i think it is quite stringently regulated.
Answer 7 :
You should only be worried if you are going to work in an area in Turkey where terrorist may be operating as they do not discriminate between Englsih accountants and English soldiers when they are looking to implement their their plots. Accountants usually would get work once they are fully qualified and knowledgeable.
Answer 8 :
well, you have English language on your side. You can always teach English in a college, being taught English from a native English person is a good reason to employ you
Wednesday, July 28, 2010
Wednesday, July 14, 2010
UK question about accountants, can they save you on your tax bills?
UK question about accountants, can they save you on your tax bills?
and if so how exactly, do they cook the books? I think I am going to be stung for a genuine mistake on my tax return because I put something in the wrong column. The inland revenue have now got all the correspondence and are looking into it. It's a glaring mistake they should have spotted at first but now a year later they are querying it. People are advising me to get an accountant but I don't know how an accountant can exactly help me in this situation or for the future. Any experiences with taxman or accountants would be useful please. I am just a small business trying to survive.
United Kingdom - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well, an accountant wouldn't have made the mistake, so they are worth it. The do not cook the books, but know all the legal loop-holes that you don't to reduce your tax bills.
Answer 2 :
It's all down to what you're good at. HMRC is staffed mainly by people with limited knowledge - they've only been taught to press button B if there's a tick in box A. An accountant should understand the whole picture, make sure you're paying the minimum amount of tax and stop the cretins getting away with overcharging you. I don't know what your business is, but it's probably one your customers could do for themselves - it's just you do it better and quicker. Think the same about accountants.
Answer 3 :
One thing is for sure. If you have made a genuine mistake the Inland Revenue are quite understanding about it. They even admit that completing a tax form is something which they would not be able to do unless they had special training. Back to your question. I hired an accountant and it cost me £2,000 plus for about 90 minutes work. So I asked for a break-down, which they didn`t like! And it took them two weeks to do it. When I got it back they had charged me a minimum of £15 per phone call - that was in 1989, and £90 per hour for a qualified accountant to look at my figures; £35 per hour for one of their staff to look at it etc. A typical phone call went like this: Hi, Monty, how`s things down your end? Oh, not too bad. You? About the same here. Right, what was it you wanted? Ah! About this invoice, did you etc etc etc? Oh, no. It was blah blah blah and so on. OK Monty, nice talking to you again. Yeah, you too. Bye Bye Time taken - at £1 per minute - less than 2 minutes, time charged £15. When I first asked them to take me on I asked what their charges were and was told, "Oh, just a bit more than £35 or so." No mention of anything else. I also had a friend who was an accountant; one day he took someone`s accounts home, 30 mintues later he had completed them but, to eke it out, every time he knew he would pass the client`s house he took an invoice with him, called in, queried it, and six weeks later sent in his bill of £175. That should have put me on my guard, let`s hope it puts you on yours.
Answer 4 :
yes, an accountant will claim for everything under the sun in order to keep your tax bills down. plus they wont make mistakes on returns like the one you have as its mostly done by computers these days and then printed off for signature, or submitted electronically, with a signed copy retained on your file. the problem here is that the taxman will enquire further into your affairs depending on what they are looking at. there are diff types of enquiries, where they can look at your affairs in general, or focus on a specific area. in this situation, the accountant can only advise on what to let the tax man see. the tax man can only ask for certain things at certain times, but they will try it on and the average joe (yourself) will not know what they can ask for so you would just let them see it. also they maybe able to correct your return and also claim for additional things that you havent claimed for, thus reducing your tax bill and any interest and penalties due. at the end of the day, its your mistake, they wont punish you more than normal, what they will do is make you pay interest on the additional tax due, plus a 5% surcharge on the extra tax due as it wont of been paid by the due dates. the tax man isnt paid to look for mistakes in your return as its self assessment, plus the guys there that load the info onto their computers only get paid in bananas and peanuts so they are not the smartest lot on the planet. any additional tax due can be paid over a period of time, but interest will be payable still. I would get an accountant just to check everything over and see what the tax man is saying you owe is correct and get them to do future years. its better to pay an accountant so you sleep better at night knowing that your affiars are in order. as for montys comment above, accountants used to be like that. nowadays they offer a fixed fee service and let you know exactly what they will do for that fee. anything extra they will contact you to discuss it and agree and extra fees payable. you also can get a free 1 hour consultation to go over the general bits and discuss you problem with them. best bet is to get one that has good word of mouth, try asking fellow business owners or friends who have em and see what response you get.
and if so how exactly, do they cook the books? I think I am going to be stung for a genuine mistake on my tax return because I put something in the wrong column. The inland revenue have now got all the correspondence and are looking into it. It's a glaring mistake they should have spotted at first but now a year later they are querying it. People are advising me to get an accountant but I don't know how an accountant can exactly help me in this situation or for the future. Any experiences with taxman or accountants would be useful please. I am just a small business trying to survive.
United Kingdom - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Well, an accountant wouldn't have made the mistake, so they are worth it. The do not cook the books, but know all the legal loop-holes that you don't to reduce your tax bills.
Answer 2 :
It's all down to what you're good at. HMRC is staffed mainly by people with limited knowledge - they've only been taught to press button B if there's a tick in box A. An accountant should understand the whole picture, make sure you're paying the minimum amount of tax and stop the cretins getting away with overcharging you. I don't know what your business is, but it's probably one your customers could do for themselves - it's just you do it better and quicker. Think the same about accountants.
Answer 3 :
One thing is for sure. If you have made a genuine mistake the Inland Revenue are quite understanding about it. They even admit that completing a tax form is something which they would not be able to do unless they had special training. Back to your question. I hired an accountant and it cost me £2,000 plus for about 90 minutes work. So I asked for a break-down, which they didn`t like! And it took them two weeks to do it. When I got it back they had charged me a minimum of £15 per phone call - that was in 1989, and £90 per hour for a qualified accountant to look at my figures; £35 per hour for one of their staff to look at it etc. A typical phone call went like this: Hi, Monty, how`s things down your end? Oh, not too bad. You? About the same here. Right, what was it you wanted? Ah! About this invoice, did you etc etc etc? Oh, no. It was blah blah blah and so on. OK Monty, nice talking to you again. Yeah, you too. Bye Bye Time taken - at £1 per minute - less than 2 minutes, time charged £15. When I first asked them to take me on I asked what their charges were and was told, "Oh, just a bit more than £35 or so." No mention of anything else. I also had a friend who was an accountant; one day he took someone`s accounts home, 30 mintues later he had completed them but, to eke it out, every time he knew he would pass the client`s house he took an invoice with him, called in, queried it, and six weeks later sent in his bill of £175. That should have put me on my guard, let`s hope it puts you on yours.
Answer 4 :
yes, an accountant will claim for everything under the sun in order to keep your tax bills down. plus they wont make mistakes on returns like the one you have as its mostly done by computers these days and then printed off for signature, or submitted electronically, with a signed copy retained on your file. the problem here is that the taxman will enquire further into your affairs depending on what they are looking at. there are diff types of enquiries, where they can look at your affairs in general, or focus on a specific area. in this situation, the accountant can only advise on what to let the tax man see. the tax man can only ask for certain things at certain times, but they will try it on and the average joe (yourself) will not know what they can ask for so you would just let them see it. also they maybe able to correct your return and also claim for additional things that you havent claimed for, thus reducing your tax bill and any interest and penalties due. at the end of the day, its your mistake, they wont punish you more than normal, what they will do is make you pay interest on the additional tax due, plus a 5% surcharge on the extra tax due as it wont of been paid by the due dates. the tax man isnt paid to look for mistakes in your return as its self assessment, plus the guys there that load the info onto their computers only get paid in bananas and peanuts so they are not the smartest lot on the planet. any additional tax due can be paid over a period of time, but interest will be payable still. I would get an accountant just to check everything over and see what the tax man is saying you owe is correct and get them to do future years. its better to pay an accountant so you sleep better at night knowing that your affiars are in order. as for montys comment above, accountants used to be like that. nowadays they offer a fixed fee service and let you know exactly what they will do for that fee. anything extra they will contact you to discuss it and agree and extra fees payable. you also can get a free 1 hour consultation to go over the general bits and discuss you problem with them. best bet is to get one that has good word of mouth, try asking fellow business owners or friends who have em and see what response you get.
Wednesday, July 7, 2010
My sole trader accounts run to the 31st July each year. Why did my accountant use the 07/08 tax bands...?
My sole trader accounts run to the 31st July each year. Why did my accountant use the 07/08 tax bands...?
when calculating my 06/07 accounts which ended 31.07.07 and were submitted before 31.01.08? Does this mean I have to use the 08/09 guidlines when calculating my accounts for 07/08?
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Hi I am from TaxAssist Accountants. We have to declare your income and expenditure during the tax year by 31st January of the following year. This always runs to the 5th April regardless of when your company was formed. Your accountant will use the new guidelines from this date. You can still use the guidelines for 07/08 until you file your return which needs to be submitted now really.
Answer 2 :
Your accounts ending within the tax year form the basis for the asessment. So 31/07/07 (within 2007/08) is returned for 2007/08.
Answer 3 :
Tax years run from April 6th to April 5th the following year. When you are a sole trader you are free to make up your annual accounts on any date you choose - in your case it is 31st July. For any given tax year you pay tax on the profits of your trading year that ends in that tax year. 31-7-07 is in the tax year 07/08 (6th April 07 to 5th April 08). So your self-employment tax for 07/08 is based on your profits in your personal trading year 1st August 06 to 31st July 07. The final deadline for submitting your tax return for 07/08 is this January 31st. Your accountant could not have submitted your 07/08 return before Jan 08 because that tax year had not ended then. So when you come to submit your return for tax year 08/09 you will be assessed on your profits for your year 07/08 etc. It is better to think of it in terms of "which set of accounts do I use for tax year XXXX" rather than "which tax rules do I use for my year ZZZZ". This is because your year is specific to you. The tax year is used by everyone.
when calculating my 06/07 accounts which ended 31.07.07 and were submitted before 31.01.08? Does this mean I have to use the 08/09 guidlines when calculating my accounts for 07/08?
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Hi I am from TaxAssist Accountants. We have to declare your income and expenditure during the tax year by 31st January of the following year. This always runs to the 5th April regardless of when your company was formed. Your accountant will use the new guidelines from this date. You can still use the guidelines for 07/08 until you file your return which needs to be submitted now really.
Answer 2 :
Your accounts ending within the tax year form the basis for the asessment. So 31/07/07 (within 2007/08) is returned for 2007/08.
Answer 3 :
Tax years run from April 6th to April 5th the following year. When you are a sole trader you are free to make up your annual accounts on any date you choose - in your case it is 31st July. For any given tax year you pay tax on the profits of your trading year that ends in that tax year. 31-7-07 is in the tax year 07/08 (6th April 07 to 5th April 08). So your self-employment tax for 07/08 is based on your profits in your personal trading year 1st August 06 to 31st July 07. The final deadline for submitting your tax return for 07/08 is this January 31st. Your accountant could not have submitted your 07/08 return before Jan 08 because that tax year had not ended then. So when you come to submit your return for tax year 08/09 you will be assessed on your profits for your year 07/08 etc. It is better to think of it in terms of "which set of accounts do I use for tax year XXXX" rather than "which tax rules do I use for my year ZZZZ". This is because your year is specific to you. The tax year is used by everyone.
Thursday, July 1, 2010
What should you do if know someone is forging checks?
What should you do if know someone is forging checks?
This accountant is taking blank checks from the job and forging the bosses signature. To my knowledge the accountant has not cashed any, but could have and has not been caught. Plus, has large amounts of checks ready to be cashed in case the accountant gets fired. The accountant also has the original tax returns and corporate books and copies of SS numbers. There are four bosses and two have been told and trust this accountant anyway, the other two (who started the company) bosses do not know. I do not know what to do in this situation. I know what the accountant is up too. Who do you call without the accountant finding out and being identified?
Law & Ethics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Tell the boss immediately.
Answer 2 :
Vinny if you are 64, then bribe him, or? Then retire. If you do retire, then good luck. But you could retire in style in a warmer country, it's worth thinking about. Scruples; Hell. Now you need to be more devious than him, to avoid detection.
Answer 3 :
Do a written memo to all of your bosses outlining what you know and if possible get some tangible evidence. If you do not do this then at some stage, out of spite you could be implicated. Also suggest the police should be notified of your suspicions.
This accountant is taking blank checks from the job and forging the bosses signature. To my knowledge the accountant has not cashed any, but could have and has not been caught. Plus, has large amounts of checks ready to be cashed in case the accountant gets fired. The accountant also has the original tax returns and corporate books and copies of SS numbers. There are four bosses and two have been told and trust this accountant anyway, the other two (who started the company) bosses do not know. I do not know what to do in this situation. I know what the accountant is up too. Who do you call without the accountant finding out and being identified?
Law & Ethics - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Tell the boss immediately.
Answer 2 :
Vinny if you are 64, then bribe him, or? Then retire. If you do retire, then good luck. But you could retire in style in a warmer country, it's worth thinking about. Scruples; Hell. Now you need to be more devious than him, to avoid detection.
Answer 3 :
Do a written memo to all of your bosses outlining what you know and if possible get some tangible evidence. If you do not do this then at some stage, out of spite you could be implicated. Also suggest the police should be notified of your suspicions.
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