why do people say that doctor and chartered accountants make more than engineers?
if you look at the top 10 riches engineers. they are all billionaires. while the top richeest. i know that on average engineers are much less paid than doctors. but when people say that engineers are paid less and doctors make more money, they need to understand that doctors and c. accountants and managers are kind of like restricted to their jobs even if they make millions. but for engineers there are no restrictions at all. they can be extremely wealthy if they really wanted to be.
Engineering - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Some of the top earners in the UK are qualified as doctors, accountants and engineers, but that's not how they make their money. We have a doctor and an accountant in the cabinet - and they are not the Minister of Health and the Chancellor. Doctoring and accounting generally pay better than engineering, but there's a huge range in each depending on what you do with it. The chairman of Arup gets paid more than a hospital consultant, but a Harley Street nip and tuck surgeon gets even more.
Answer 2 :
What you will find is that these very rich engineers are no longer engineers - it would be many, many years since they did any engineering, chances of any of them being up to speed with engineering matters and standards would be very slim. There are also some very rich doctors, and some very rich accountants, and some who have given up on their profession to run large companies, accountants are more likely to do this than others since their background is in counting money, they find it easier to run companies. There are no restrictions to anyone earning money from jobs they didn't do their formal training in. Look at Alan Sugar, Richard Branson, John Caudwell (phones4U founder), and philip green, all men without degrees who have become extremely successful billionaires as examples of people who have succeeded without needing a vocational qualification, emphasising the point that despite a degree (even in Engineering, medicine or accounting) you can do very well. Now comparing the averages of the people who work in the profession they trained for, medical doctors are paid the most, then accountants (depending on the branch of accountancy) and then Engineers, final accounts clerks who sometimes get called accountants.
Answer 3 :
In the US that is just not true. There are 7 doctors who live in my neighborhood, I am retired and my pension is more that the income of 6 or the 7 doctors.
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Tuesday, February 28, 2012
Tuesday, February 14, 2012
where and when to apply for a training vacancy in accounting in Bristol - Uk?
where and when to apply for a training vacancy in accounting in Bristol - Uk?
I am looking to study AAT in January and go on eventually and study to be a chartered accountant soon after my completion of AAT. Getting Training vacancies though is the trouble. Can anyone suggest which chartered accountant firms to try applying to and when is the best time to send my application? Thanks.
Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I assume you have registered with the AAT, if not you can still go onto their website (link below). Click on students and then resource centre, there is a careers support paragraph with another link. The other thing to do would be to go to the local job centre and get a list of local accountants and write to them. Don't try the big firms as they do not want AAT trainees, go for small one or two partner firms, they usually give the best training as they have a diverse client base which is great for learning. My firm is a three partner firm and we have 4 AAT trainees at the moment and they all sail through the exams with no problems. With regard to the timing I would do it as soon as possible, we normally take on trainees in Sep and Oct so we get a good choice of school leavers (A level). Good luck and I hope you find the right job for you.
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I am looking to study AAT in January and go on eventually and study to be a chartered accountant soon after my completion of AAT. Getting Training vacancies though is the trouble. Can anyone suggest which chartered accountant firms to try applying to and when is the best time to send my application? Thanks.
Careers & Employment - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I assume you have registered with the AAT, if not you can still go onto their website (link below). Click on students and then resource centre, there is a careers support paragraph with another link. The other thing to do would be to go to the local job centre and get a list of local accountants and write to them. Don't try the big firms as they do not want AAT trainees, go for small one or two partner firms, they usually give the best training as they have a diverse client base which is great for learning. My firm is a three partner firm and we have 4 AAT trainees at the moment and they all sail through the exams with no problems. With regard to the timing I would do it as soon as possible, we normally take on trainees in Sep and Oct so we get a good choice of school leavers (A level). Good luck and I hope you find the right job for you.
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Tuesday, February 7, 2012
Self-assessment or accountant?
Self-assessment or accountant?
I have a second property that I have been rented out on and off since January 2008, though only recently started to make profit. I now realise I need to declare the income as part of my tax return, but should I fill out the self-assessments going back to Jan 08 or speak to an accountant first? If the latter, any London-based recommendations?
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
An accountant is the easy choice but obviously this will cost you initially, even if you could claim some or all of this cost back against your tax bill, there is at least some initial outlay. Why not speak to HMRC first - they are really good and want to help - I also know that they offer some excellent FREE courses to give you the guidance you need. Hope you find your answer
Answer 2 :
We are not ogres. File an amendement for the relevant years. We will post a penalty for non-declaring and then cut the penalty to no more than the unpaid tax (and you made a loss) so zero penalty. Losses from earlier years may be carried forward to apply to profits made later. No big deal - tidy records, post amendment, done.
Answer 3 :
Your local tax office would be able to help you although you might feel more comfortable paying an accountant to deal with it (but you will have to pay them to deal with the accounts and paperwork). As far as London based accountants, it depends where you are based - I know several including ones in Ilford, Walthamstow, Marylebone, Victoria, Hounslow and many other areas in London.
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I have a second property that I have been rented out on and off since January 2008, though only recently started to make profit. I now realise I need to declare the income as part of my tax return, but should I fill out the self-assessments going back to Jan 08 or speak to an accountant first? If the latter, any London-based recommendations?
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
An accountant is the easy choice but obviously this will cost you initially, even if you could claim some or all of this cost back against your tax bill, there is at least some initial outlay. Why not speak to HMRC first - they are really good and want to help - I also know that they offer some excellent FREE courses to give you the guidance you need. Hope you find your answer
Answer 2 :
We are not ogres. File an amendement for the relevant years. We will post a penalty for non-declaring and then cut the penalty to no more than the unpaid tax (and you made a loss) so zero penalty. Losses from earlier years may be carried forward to apply to profits made later. No big deal - tidy records, post amendment, done.
Answer 3 :
Your local tax office would be able to help you although you might feel more comfortable paying an accountant to deal with it (but you will have to pay them to deal with the accounts and paperwork). As far as London based accountants, it depends where you are based - I know several including ones in Ilford, Walthamstow, Marylebone, Victoria, Hounslow and many other areas in London.
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Wednesday, February 1, 2012
How hard would it be, and how much would it cost to set up my own small holding in the country side?
How hard would it be, and how much would it cost to set up my own small holding in the country side?
Like River Cottage. I'm a trainee accountant but would love to do this like Hugh Fearnely-Whittingstall. Its my dream lol. How much do you recon a smallish cottage in Northumberland with a bit of land would cost? Spose i could set up as a self employed accountant and work from home too lol! Ahh one can but dream................. Oh, it has to have a river at the bottom of the garden lol.
Renting & Real Estate - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I always wanted a cabin in the woods by a creek. When I talked with Realtors and said could I buy something like that for $50,000, they just laughed, this was years ago. Well I finally found my dream cabin in Sierra City about 7 years ago. The cabin sits on 1 acre, adjacent to forest service land and salmon creek going through our property, it is beautiful. And it only cost me $60,000, but than my two sisters also put in $60,000 each and we share it. So dreams do come true!
Answer 2 :
For 120,000 pounds Sterling you could get the cottage somewhat near the river. Get ready to settle a lot of accounts from your home accounting business. I opened my own business in 2001. I wish i had done it earlier.
Answer 3 :
Do a real estate search, there are lots of properties out there. Find out about prices, so you have a target, then start saving. I have looked longingly at lots of places, often needing renovation but habitable now, in France, UK and further afield. Maybe someday ........
Answer 4 :
My husband is looking at setting up in France in a few years, and got a book from a friend (I put the amazon link below, but you may be able to borrow it from a library too) to help with the planning. There's also a lot of tips and info in the River Cottage Cookbook, so it's worth buying it to get a better idea of the whole small holding life (some good recipes too of course, as a bonus) - again amazon link below. You need to decide what you want out of the small holding (self sufficiency only, or profits too...) and whether you will be able to work at the side as well (will you have the time for it really), and then you will need to prepare a proper business plan - you can find a lot of info and help online for that. Just remember you will have a lot of set up costs, not just the land and cottage - you will need outbuildings, equipement (tractor and tools), fences and maintenance of the whole place - it all costs money and you need to plan for it in your budget. You can search for each bit of equipment you need on eBay to get an idea of the second hand prices (not saying you should buy there, but it's a fast way to find prices when you are setting your business plan). You probably will find that you will get more land for the money on the continent, but you will need to find out the working practices for the country (for example what qualifications and controls you need to sell food on the market and so on...) If you really want to set up in the UK, you will just need to be patient and take your time looking for the perfect property. You could take some time talking to estate agents in Northumberland to get a better idea of the market. Some will even agree to put you on a mailing list for suitable properties, so you can see how the market evolves as well. Good luck and I hope it works out for you.
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Like River Cottage. I'm a trainee accountant but would love to do this like Hugh Fearnely-Whittingstall. Its my dream lol. How much do you recon a smallish cottage in Northumberland with a bit of land would cost? Spose i could set up as a self employed accountant and work from home too lol! Ahh one can but dream................. Oh, it has to have a river at the bottom of the garden lol.
Renting & Real Estate - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I always wanted a cabin in the woods by a creek. When I talked with Realtors and said could I buy something like that for $50,000, they just laughed, this was years ago. Well I finally found my dream cabin in Sierra City about 7 years ago. The cabin sits on 1 acre, adjacent to forest service land and salmon creek going through our property, it is beautiful. And it only cost me $60,000, but than my two sisters also put in $60,000 each and we share it. So dreams do come true!
Answer 2 :
For 120,000 pounds Sterling you could get the cottage somewhat near the river. Get ready to settle a lot of accounts from your home accounting business. I opened my own business in 2001. I wish i had done it earlier.
Answer 3 :
Do a real estate search, there are lots of properties out there. Find out about prices, so you have a target, then start saving. I have looked longingly at lots of places, often needing renovation but habitable now, in France, UK and further afield. Maybe someday ........
Answer 4 :
My husband is looking at setting up in France in a few years, and got a book from a friend (I put the amazon link below, but you may be able to borrow it from a library too) to help with the planning. There's also a lot of tips and info in the River Cottage Cookbook, so it's worth buying it to get a better idea of the whole small holding life (some good recipes too of course, as a bonus) - again amazon link below. You need to decide what you want out of the small holding (self sufficiency only, or profits too...) and whether you will be able to work at the side as well (will you have the time for it really), and then you will need to prepare a proper business plan - you can find a lot of info and help online for that. Just remember you will have a lot of set up costs, not just the land and cottage - you will need outbuildings, equipement (tractor and tools), fences and maintenance of the whole place - it all costs money and you need to plan for it in your budget. You can search for each bit of equipment you need on eBay to get an idea of the second hand prices (not saying you should buy there, but it's a fast way to find prices when you are setting your business plan). You probably will find that you will get more land for the money on the continent, but you will need to find out the working practices for the country (for example what qualifications and controls you need to sell food on the market and so on...) If you really want to set up in the UK, you will just need to be patient and take your time looking for the perfect property. You could take some time talking to estate agents in Northumberland to get a better idea of the market. Some will even agree to put you on a mailing list for suitable properties, so you can see how the market evolves as well. Good luck and I hope it works out for you.
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