Monday, February 28, 2011

I want to be charterd Accountant and I am studying Accounting and Finance. am I doing the right course?

I want to be charterd Accountant and I am studying Accounting and Finance. am I doing the right course?

Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yes but you dont want to worry to much on what your studying because your main focus should be on the CPA exam your fifth year.

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Monday, February 14, 2011

------im after a really good accountant im a i.t. contractor thinking of going ltd based middx area-----?

------im after a really good accountant im a i.t. contractor thinking of going ltd based middx area-----?
thanks all
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
We're not allowed to tout for business here. Try www.taxationweb.co.uk
Answer 2 :
I have also worked as an IT Contractor. I can recommend my Accountant, who also set up my Ltd. company for me. I use him because I was recommended him by another IT contractor :-) He's called Mike Lewis. He's based in Cambridge - I'm in West Sussex. I've never met him... I just email him spreadsheets and he does the rest. One reason I like him is that I can also phone him up and ask him odd tax questions and he's always got 5-10 minutes for me without charging. NOTE: This is a personal recommendation. I do NOT receive anything from him for recommending him...

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Monday, February 7, 2011

How do I go about paying the tax on the profit I made from the stock market?

How do I go about paying the tax on the profit I made from the stock market?
I've been trading on the stock exchange in America for a few months and I've made a few thousand pound profit from it. How do I go about doing the right thing tax wise? I am a resident in the UK. I would like to do this without the use of an accountant.
United Kingdom - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
When you get the 2006/07 tax return, complete the Capital Gains Tax pages, CG1, which is quite easy. If you don't get a return, ask HMRC for one. The tax is due in January 2008 for disposals in 2006/07.
Answer 2 :
Keep all your records. Call Inland revenue and ask for tax return documentation to be sent to you. Have this completed and handed in they will then advise your tax bill and you can just pay. Suggest you do get an accountant involved because these guys will save you money. They know how to be tax efficient, you didn't know how to declare your tax. So reccomend you pay them to compile your return. Its not nearly as expensive as you might think and they are gaurenteed to save you more than they cost.
Answer 3 :
You are better off using an accountant..A good one will only take a percentage of what he saves you..Nice to see someone doing the right thing...
Answer 4 :
If you have only made a few thousand then you do not need to pay capital gains tax as the yearly allowance as of 2006/2007 is 8800 pounds. Any porfits you make over this in that year will be taxed at 40%.

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Tuesday, February 1, 2011

I want to go back to work after 10 year break. How should I start in accountancy?

I want to go back to work after 10 year break. How should I start in accountancy?
I have a career history in finance (10 years in the City followed by 6 years as a finacial journalist). I have been away too long to return to either past careers - even if I wanted to. I thought of retraining as an accountant technician. Which qualification is more useful to start with CAT or AAT?
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I did AAT when I left college and am now studying CIMA. I found AAT very broad and very useful. Its also more recognised by employers than CAT. AAT gave me a very good grounding on which to base my career. However if you worked in finance for 10 years you may find it too easy and boring?
Answer 2 :
Why don't you volunteer for VITA (Volunteer Income Tax Assistance), just to stretch out a bit and be a contribution to your community? You'll meet plenty of ex pros.Plus, you'll get a little gas money, about $8/hr. Do it as long as you want, between now and April 15th.

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