Monday, January 28, 2013

which university in UK is best for study in MBA with low cost for a foreign student ? pls help to find?

which university in UK is best for study in MBA with low cost for a foreign student ? pls help to find?
I just want to do a MBA in finance, I am charterd Accountant working in middleast currently.since i have some post qualifying experience I want to start this, also want to know possibilty of doing this in part time basis.
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
yes, there are possibilities in UK (NTA) but I need more informations to give you a concrete answer - send me a mail

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Monday, January 14, 2013

can anyone please tell me what is the correct procedere for forming a partnership?

can anyone please tell me what is the correct procedere for forming a partnership?
i am joining forces with my son in a partnership, do we need to be a limited company? and who is the best person to sort out the partnership details, a accountant?
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
contact CAB who is in a position to answer your queries and put you in touch with the right type of solicitor.
Answer 2 :
An accountant or a lawyer can help with the financial aspects and legal status types of questions. You will likely need both because there are some areas where the other does not cover. But the most important question is for you and your son. I suggest you make a list of all the activities and business roles that are required for business success. When you and your son look at the list do the two of you agree about who is doing what, and what you are expecting from the other. When I had a family business, issue came up time and again. I considered it one of the more important lessons from my experience.

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Monday, January 7, 2013

What do I take to the accountant?

What do I take to the accountant?
I'm a newly registered self-employed actress and I'm taking my receipts to an accountant on Monday. I can't speak to him atm as it's the weekend and I'm trying to sort through my receipts to take to him. I'm putting all of my receipts in a book in date order, I'm also putting in all of the paying in slips (from my pay cheque's being cashed into my bank) from the only acting job I've done so far (i.e. the only job falling under the self-employment category) Is there anything else I need to give him? Also, will I need to give him my NIN?
United Kingdom - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
If he's any good, he will advise you of the things you can claim against. Other than that, it's best to take too much, than too little.
Answer 2 :
All that sounds enough to me. Next year, you might want to consider doing yourself, online. Its really easy, and works it all out for you. The main thing an accountant does is fills out the form and makes sure you are claiming every thing you can against your tax. And that will generally cost you about £200 of your hard earned cash.
Answer 3 :
Basically you will need to take anything to do with your self employment working i.e. receipts from money spent and details of all money received. If you are unsure - just take everything you have and your accountant will tell you if they need to keep it or not.
Answer 4 :
If you think you need it "TAKE IT" your p60 from last year may help, also any payslips from any time you have been employed other than Self employed, Bank statements current,savings,deposit, building society saving accounts, pass book, etc.all and any receipt you may have, and ask about allowances related to your profession i.e. Make up,clothing, travel,accommodation etc, and most important "Be honest" Don't forget "you are paying the accountant so don't be shy "ask if you don't understand, before answering any questions.Hope this helps, Les P
Answer 5 :
Giving him receipts and paying in slips is a start, but the law requires you to maintain proper records of all your transactions, so you must keep proper records. (Fines levied on those who don't!) Whether he keeps these or you keep them, if he's preparing books or accounts: He will require: Bank Statements Paying in books, cheque book stubs. Copies of invoices issued. Agent's invoices/VAT receipts. All VAT records (if registered) Receipts for all expenditure. Details of assets purchased or used, if not apparent from prime records. As you're newly registered I assume you haven't completed your first year, so you're probably giving him records so he can keep proper books on your behalf.

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Tuesday, January 1, 2013

Can a Person from outside the EU work in UK with an accountant degree gained in thier country?

Can a Person from outside the EU work in UK with an accountant degree gained in thier country?
A friend of mine wants to know if they can apply for work-jobs here in the UK as an accountant, they are living here legally, however he is getting various different advice. Some people say No, you need another UK degree in the subject a foreign degree is worth nothing, other people say just a conversion course and others that you simply apply to ACCA- CIMA etc for a certificate, they translate your degree and tell you what the equivalent is. Can a person work now with a foreign accountants degree in the UK without being a member of a professional accountants body? Whats the right process? Btw, does anyone know the government body that makes official equivalent- translations of foreign degrees? Thanks in advance, Jim
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Typically, to work as an accountant in the UK you must be registered with one of the professional societies such as ACCA or CIMA. Registration as an accountant with one of those bodies proves your status and will be required by employers. The societies themselves will decide if your friend's education is enough to grant exemptions for the professional exams. Just leaving university with an accounting degree isn't enough, you may have more professional exams to do. The best thing to do would be to ask the prospective employer. If he applies to join a company they may well choose to support him in getting fully qualified to work in the UK and to help with professional fees. Your friend also needs to get in touch with the ICAEW, if he's in England or Wales, or the Scottish or Irish equivalents, and ask them. One caveat is this: if he studied outside of the EU *and* is not already a member of his country's accounting society, he may well be required to sit the professional exams before he can practise. This is because the societies can't always adequately judge the quality of his education if he studies outside the EU. Best thing to do? Phone and ask.
Answer 2 :
An accounting degree does not make you an accountant. Only passing institute exams and becoming a member of an institute will do that. If your friend is allowed to work in the UK he can work at whatever he wants, but unless he is a member of the accountancy profession he cannot call himself an accountant. That doesn't mean he can't set himself up as a book-keeper and do everything an accountant does. He can do that, but just can't call himself an accountant. If he wants to work with an existing firm he can work under their umbrella. In that case it is up to whoever wants to employ him what qualifications (if any) they want.

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