vat returns? can i file my own or do i need an accountant?
Tried to find the answer on HMRC'c website to no avail.... I don't need to be registered for vat just something im considering, i don't understand too much about it, i know basically you pay the vat when i buy building materials and i basically claim it back off the other stuff i buy, what i really need to know is can you file your own return for VAT or would it have to be done by a registered accountant? i file my own self assessment online, anyone sort of fill in the blanks for me?? chears steve
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You can file your own VAT Returns. From April this year, it must be done electronically though. If you take more than 70k per financial year, you can register for VAT not knowing your circumstances ie: just self employed or run a company, take my advice and ring HMRC direct .. this is the number to contact :0845 010 9000 Good luck
Answer 2 :
see www.sjmaccounting.co.uk for free bookkeeping software and VAT info
Answer 3 :
You can file your own quite easily. But don't forget that once you are registered, not only do you claim back the VAT you pay on your purchases but you have to charge VAT to your customers. Don't know what line of business you are in but be careful in case that makes you expensive compared to your competitors. If your customers are VAT registered themselves it won't make a difference but if you deal with the public then an extra 20% on top of what you currently charge (from January on when the VAT rate goes up) could make you uncompetitive.
Read more other entries :
Saturday, September 28, 2013
Saturday, September 14, 2013
Does a solicitor or lawyer get better pay than an army officer?
Does a solicitor or lawyer get better pay than an army officer?
also would an accountant get better pay than both?
Law & Ethics - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
it depends on the type and clients but they all about the same in general
Answer 2 :
Yes, This may seem a bit odd, but. The Army do not get much money/ wage as they are funded by the government, and with the problem with our economy at the moment, the government is hard of cash. Hope this helps.
Answer 3 :
Officer Cadet (on appointment) £14,348.88 Second Lieutenant/ Graduate Officer Cadet (on appointment) £22,679.76 Lieutenant (on appointment) £27,260.04 (rising to)£30,131.40 Captain (on appointment) £34,934.52 (rising to) £41,544.84 Major (on appointment) £44,004.96 (rising to) £52,701.72 Lieutenant Colonel (on appointment) £61,760.76 (rising to)£68,272.92 Colonel (on appointment) £71,521.56 (rising to) £79,048.68 Brigadier (on appointment) £85,787.52 (rising to) £89,443.56
Answer 4 :
Yes, an accountant would get much more than most lawyers. All companies must have a accountants to know if they are making a profit or losing money. Not everyone needs a solicitor. A few are making really good money, most are starving. The military pays enough for them to pay the bills and enjoy a few recreational activities.
Answer 5 :
It depends if they are any good or not. Some lawyers and accountants earn hundreds of thousands a year, some earn less than £20 000 a year. It depends.
Answer 6 :
Lawyers are among the top-most earners in the UK - I saw the bank statement of a lawyer while cleaning up his chambers a couple of years ago - he had a take home income of £39,000 per month. He was working then as a company lawyer. Doctors can make from £500 per day and on up, depending on their skills - a doctor from Oz told me last year that he got that just for coming to UK and taking up the slack during the holiday period - and no, it was not Barry Humphries taking the piss.
Read more other entries :
also would an accountant get better pay than both?
Law & Ethics - 6 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
it depends on the type and clients but they all about the same in general
Answer 2 :
Yes, This may seem a bit odd, but. The Army do not get much money/ wage as they are funded by the government, and with the problem with our economy at the moment, the government is hard of cash. Hope this helps.
Answer 3 :
Officer Cadet (on appointment) £14,348.88 Second Lieutenant/ Graduate Officer Cadet (on appointment) £22,679.76 Lieutenant (on appointment) £27,260.04 (rising to)£30,131.40 Captain (on appointment) £34,934.52 (rising to) £41,544.84 Major (on appointment) £44,004.96 (rising to) £52,701.72 Lieutenant Colonel (on appointment) £61,760.76 (rising to)£68,272.92 Colonel (on appointment) £71,521.56 (rising to) £79,048.68 Brigadier (on appointment) £85,787.52 (rising to) £89,443.56
Answer 4 :
Yes, an accountant would get much more than most lawyers. All companies must have a accountants to know if they are making a profit or losing money. Not everyone needs a solicitor. A few are making really good money, most are starving. The military pays enough for them to pay the bills and enjoy a few recreational activities.
Answer 5 :
It depends if they are any good or not. Some lawyers and accountants earn hundreds of thousands a year, some earn less than £20 000 a year. It depends.
Answer 6 :
Lawyers are among the top-most earners in the UK - I saw the bank statement of a lawyer while cleaning up his chambers a couple of years ago - he had a take home income of £39,000 per month. He was working then as a company lawyer. Doctors can make from £500 per day and on up, depending on their skills - a doctor from Oz told me last year that he got that just for coming to UK and taking up the slack during the holiday period - and no, it was not Barry Humphries taking the piss.
Read more other entries :
Saturday, September 7, 2013
What is your goal in life and what drives you toward that goal?
What is your goal in life and what drives you toward that goal?
Im a 24 year old woman and my goal is to become an accountant and be comfortable financially. I am driven towards this as in my current job i see alot of women losing their homes when they seperate from their husbands. I don't ever want to be in a position where i have to rely on someone else financially and when i have children i want to know i can provide a good life for them without the worry of money. Are ya kidding? Chartered accountants earn shed loads!!
Other - Society & Culture - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
surviving till death
Answer 2 :
Ultimate self-reliance. To be the guy who can walk naked into the woods and come out with a fur coat and a million dollar smile. Specialization is for insects.
Answer 3 :
Personally, my goal in life is to become a cat. I don't know how I'm going to do it, but someday, I'm going to transform into a friendly little feline. But not just any feline. I'm going to be a super feline of the highest quality, the kind of cat that can shoot lasers out of its eyes, and fly at incredible speeds. I would also be a talking cat. And I would drink lots of milk. Good for the bones.
Answer 4 :
Accountant doesn't earn much, u need to be higher than that. Auditor, Finance Controller or a certified accountant like a PE - Professional Engineer? no, something like lawyer get into partnership of their film. I am not accountant so i duno what is the professional name for accountant. Did u know that accountant is the only job on the market which gives constant demand and supply regardless of bad or good economic? hehe... My poor proverty life drives me to achieve my money free worry life and that's my goal. Anyway, my many goals got pretty bang up by the bad pple so i started to live on days by days......because everyone has each of their limit in doing things....so i believe my limitation has come for me....
Read more other entries :
Im a 24 year old woman and my goal is to become an accountant and be comfortable financially. I am driven towards this as in my current job i see alot of women losing their homes when they seperate from their husbands. I don't ever want to be in a position where i have to rely on someone else financially and when i have children i want to know i can provide a good life for them without the worry of money. Are ya kidding? Chartered accountants earn shed loads!!
Other - Society & Culture - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
surviving till death
Answer 2 :
Ultimate self-reliance. To be the guy who can walk naked into the woods and come out with a fur coat and a million dollar smile. Specialization is for insects.
Answer 3 :
Personally, my goal in life is to become a cat. I don't know how I'm going to do it, but someday, I'm going to transform into a friendly little feline. But not just any feline. I'm going to be a super feline of the highest quality, the kind of cat that can shoot lasers out of its eyes, and fly at incredible speeds. I would also be a talking cat. And I would drink lots of milk. Good for the bones.
Answer 4 :
Accountant doesn't earn much, u need to be higher than that. Auditor, Finance Controller or a certified accountant like a PE - Professional Engineer? no, something like lawyer get into partnership of their film. I am not accountant so i duno what is the professional name for accountant. Did u know that accountant is the only job on the market which gives constant demand and supply regardless of bad or good economic? hehe... My poor proverty life drives me to achieve my money free worry life and that's my goal. Anyway, my many goals got pretty bang up by the bad pple so i started to live on days by days......because everyone has each of their limit in doing things....so i believe my limitation has come for me....
Read more other entries :
Sunday, September 1, 2013
What GCSEs should I take in order to become a Chartered Accountant?
What GCSEs should I take in order to become a Chartered Accountant?
Hi, Im in year 9... Through out my life I want to do a job related to maths. considering maths is my strongest subject, Ive decide to decate myself to accountancy. I have to choose my GCSEs options during this week, what subjects will help me or benefit me in be a chartered accountant? Apparently either Business studies or Economics will help me with my accountancy future. I had a look at both subject they look very interesting, but which one will be more relevant for accountancy? Thank you, so much!
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think that you should take the subjects that you enjoy at GCSE! If you enjoy maths and would like to become an accountant then all you need to do is work hard in year 11 and get good grades in all your GCSE subjects. The big four accountancy firms are Deloitte, KPMG, PwC and Ernst and Young, and all they really want is someone who is intelligent and shows a good aptitude for Mathematics. At the end of the day the quickest (but not the only) route to accountancy is as follows, Good GCSE's > Good A levels > Go to a good university > Get at least a 2.1 in the degree > Apply to the graduate programme (a very long way off for you but I thought you may be interested) But I really would not worry too much at this stage about which GCSE's to take aslong as you have mathematics it does not really matter. I therefore advise you to pick the one you are most interested in, I personally prefer economics as it gives a more indepth study of the world and how companies operate within the world. However, business studies will allow you to look at actual balance sheets and learn how they work which is also interesting. I hope that helps
Read more other entries :
Hi, Im in year 9... Through out my life I want to do a job related to maths. considering maths is my strongest subject, Ive decide to decate myself to accountancy. I have to choose my GCSEs options during this week, what subjects will help me or benefit me in be a chartered accountant? Apparently either Business studies or Economics will help me with my accountancy future. I had a look at both subject they look very interesting, but which one will be more relevant for accountancy? Thank you, so much!
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think that you should take the subjects that you enjoy at GCSE! If you enjoy maths and would like to become an accountant then all you need to do is work hard in year 11 and get good grades in all your GCSE subjects. The big four accountancy firms are Deloitte, KPMG, PwC and Ernst and Young, and all they really want is someone who is intelligent and shows a good aptitude for Mathematics. At the end of the day the quickest (but not the only) route to accountancy is as follows, Good GCSE's > Good A levels > Go to a good university > Get at least a 2.1 in the degree > Apply to the graduate programme (a very long way off for you but I thought you may be interested) But I really would not worry too much at this stage about which GCSE's to take aslong as you have mathematics it does not really matter. I therefore advise you to pick the one you are most interested in, I personally prefer economics as it gives a more indepth study of the world and how companies operate within the world. However, business studies will allow you to look at actual balance sheets and learn how they work which is also interesting. I hope that helps
Read more other entries :
Wednesday, August 28, 2013
What GCSE options shall I take to become a nurse/doctor or an accountant?
What GCSE options shall I take to become a nurse/doctor or an accountant?
Hello, I want to become a nurse or doctor or an accountant. But I dont know what GCSE options I should take. I was thinking of Art and History because I really enjoy those subjects and someone told me that you dont have to do related subjects with medical because there's only science which is related. But then i wanted to become an accountant aswell, so I was thinking of doing Business Studies and History but i really enjoy Art, so what shall I take?? Please help me.. does it really matter at this stage what you want to take? Or is it A Levels that is more important in what you choose?? Pleaseee helppp.. thanks! also, do you need to do 2 languages to become an accountant or doctor or nurse? no, we're only allowed to do 2 optionaal subjects and 1 reserve..
Higher Education (University +) - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
A levels matter far more than GCSE's. Just make sure to take subjects you like doing, that is the most important thing. When universities look at GCSE's, they will most likely look at the grade range and not subject choice.
Answer 2 :
Doctor: Maths English Biology First Aid Accountant: Maths English Business Studies Bookkeeping Not very many schools do all of these though, so good luck.
Answer 3 :
art and business studies are really good gcses, i really enjoyed them and came out with 3 As ( i done double award art) history will be good for medical history i guess, but other than that you will probably need your sciences, so take triple science if your school offers that. Also try and get a few weeks work experience in either a medical or accountancy environment
Answer 4 :
It is A Levels that count, so don't worry. Definitely take History - this is well respected and needed for the new government English Baccalaureate. If you are not already taking a language, make sure to take one, because you also need a language for the EB. When it comes to Art and Business Studies, I personally would recommend Business. This is EASY to get an A* in and is also very interesting (always a plus). With Art, THOUSANDS of candidates get literally 100% and then the grade boundaries start getting ridiculous, so unless you are amazing at Art, I'd say go with Business Studies, since you'll almost definitely get a better grade in it. Business was really interesting when I did it. But by all means take Art if you really LOVE it! And don't worry, GCSE options really don't matter that much at all - you can always pick subjects up at A Level e.g. I never took GCSE Geography, yet I'm now doing it for A Level and I'm still predicted an A*, so you really won't be at any disadvantage if you were to pick a subject up!! Don't worry! Best of wishes :)
Answer 5 :
I do business studies and i think now that is is my favourite lesson, i want to be a dentistt or something like that. i would do business and triple science (if you are not doing them early like i did) you should also chose a subject that you really like, something thats not to hard so that you can concentrate on other things more to get better grades dont think you need 2 languages to be a doctor or nurse i think that universities mainly look at grades depending or which course you want to do btw dont you get three options anyway(: good luck(:
Read more other entries :
Hello, I want to become a nurse or doctor or an accountant. But I dont know what GCSE options I should take. I was thinking of Art and History because I really enjoy those subjects and someone told me that you dont have to do related subjects with medical because there's only science which is related. But then i wanted to become an accountant aswell, so I was thinking of doing Business Studies and History but i really enjoy Art, so what shall I take?? Please help me.. does it really matter at this stage what you want to take? Or is it A Levels that is more important in what you choose?? Pleaseee helppp.. thanks! also, do you need to do 2 languages to become an accountant or doctor or nurse? no, we're only allowed to do 2 optionaal subjects and 1 reserve..
Higher Education (University +) - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
A levels matter far more than GCSE's. Just make sure to take subjects you like doing, that is the most important thing. When universities look at GCSE's, they will most likely look at the grade range and not subject choice.
Answer 2 :
Doctor: Maths English Biology First Aid Accountant: Maths English Business Studies Bookkeeping Not very many schools do all of these though, so good luck.
Answer 3 :
art and business studies are really good gcses, i really enjoyed them and came out with 3 As ( i done double award art) history will be good for medical history i guess, but other than that you will probably need your sciences, so take triple science if your school offers that. Also try and get a few weeks work experience in either a medical or accountancy environment
Answer 4 :
It is A Levels that count, so don't worry. Definitely take History - this is well respected and needed for the new government English Baccalaureate. If you are not already taking a language, make sure to take one, because you also need a language for the EB. When it comes to Art and Business Studies, I personally would recommend Business. This is EASY to get an A* in and is also very interesting (always a plus). With Art, THOUSANDS of candidates get literally 100% and then the grade boundaries start getting ridiculous, so unless you are amazing at Art, I'd say go with Business Studies, since you'll almost definitely get a better grade in it. Business was really interesting when I did it. But by all means take Art if you really LOVE it! And don't worry, GCSE options really don't matter that much at all - you can always pick subjects up at A Level e.g. I never took GCSE Geography, yet I'm now doing it for A Level and I'm still predicted an A*, so you really won't be at any disadvantage if you were to pick a subject up!! Don't worry! Best of wishes :)
Answer 5 :
I do business studies and i think now that is is my favourite lesson, i want to be a dentistt or something like that. i would do business and triple science (if you are not doing them early like i did) you should also chose a subject that you really like, something thats not to hard so that you can concentrate on other things more to get better grades dont think you need 2 languages to be a doctor or nurse i think that universities mainly look at grades depending or which course you want to do btw dont you get three options anyway(: good luck(:
Read more other entries :
Wednesday, August 14, 2013
what is the average salary for chartered accountants and what are the opportunities in the world of work?
what is the average salary for chartered accountants and what are the opportunities in the world of work?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The first Career Benchmarking Survey of ICAEW members in business reveals that the average salary is £79.4k with the largest group earning between £55k - £64k and 3% earning over £175k. Salaries also vary significantly by sector with the average salary highest in the financial services sector (£85k) and lowest in retail and wholesale (£70k) and manufacturing and engineering (£71k). Chartered Accounting is a highly regarded qualification in today’s business world. It is the designation that provides fantastic opportunities in terms of what you do and where you work.
Answer 2 :
It really depends on your country as well as where you live in that country.More information, tips and help at http://moreaboutsalary.blogspot.com/
Answer 3 :
According to PayScale.com, the salary for Chartered Accountants in the U.S. typically ranges from $40,319 to $71,712. Here's a link showing the median salary for Chartered Accountants in different states: http://www.payscale.com/research/US/Job=Chartered_Accountant/Salary/by_State&src=yahooA To find more accurate salary data for your specific Chartered Accountant position - taking factors such as location, qualifications, and employment setting into consideration - you can take PayScale's free salary survey. http://www.payscale.com/?src=yahooA Hope that helps, Assistant to Dr. Salary
Read more other entries :
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The first Career Benchmarking Survey of ICAEW members in business reveals that the average salary is £79.4k with the largest group earning between £55k - £64k and 3% earning over £175k. Salaries also vary significantly by sector with the average salary highest in the financial services sector (£85k) and lowest in retail and wholesale (£70k) and manufacturing and engineering (£71k). Chartered Accounting is a highly regarded qualification in today’s business world. It is the designation that provides fantastic opportunities in terms of what you do and where you work.
Answer 2 :
It really depends on your country as well as where you live in that country.More information, tips and help at http://moreaboutsalary.blogspot.com/
Answer 3 :
According to PayScale.com, the salary for Chartered Accountants in the U.S. typically ranges from $40,319 to $71,712. Here's a link showing the median salary for Chartered Accountants in different states: http://www.payscale.com/research/US/Job=Chartered_Accountant/Salary/by_State&src=yahooA To find more accurate salary data for your specific Chartered Accountant position - taking factors such as location, qualifications, and employment setting into consideration - you can take PayScale's free salary survey. http://www.payscale.com/?src=yahooA Hope that helps, Assistant to Dr. Salary
Read more other entries :
Wednesday, August 7, 2013
I'm self employed and have an accountant. Do I have to notify Inland Revenue/anyone else if change accountant
I'm self employed and have an accountant. Do I have to notify Inland Revenue/anyone else if change accountant
United Kingdom - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No.
Answer 2 :
no
Answer 3 :
no
Answer 4 :
You don't have to but if you want them to contact your new accountant, rather than the old one, then it would make sense to let them know. VAT too if he does your returns.
Answer 5 :
no let that all come out when YOU ARE AUDITTED>>>>>
Answer 6 :
only if the inland revenue deals directly with your accountant. they usually deal direct with the person who owes the tax,
Answer 7 :
You are not obliged to notify anyone about the change. But your new accountant will probably ask you sign a form 64-8 which will authorise HMRC to talk to him about your tax affairs. This will replace any previous authority you signed with the old accountant.
Answer 8 :
No you can go to who you want but your new one may want info from the previous one.
Answer 9 :
You should tell your old accountant so that you don't get a surprise bill a few months down the line for "reminder letters" or "general assistance" or similar a.k.a. time dumped on the clock by junior staff when they have a quiet week in the expectation that they'll be able to hide it in your next bill when they prepare your accounts. If you have your self-employment set up through a company and you use your accountant's address as your registered office you should change that asap. Most accountants don't have ex-clients very high up on their priority list and it could be days before post gets forwarded. As someone else said, if your accountant also does your tax returns and normally deals directly with the Inland Revenue, you should let the Revenue know. While the Revenue are supposed to send copies of enquiry notices etc to you and only a copy to the agent, nobody's perfect. If your new accountant is taking over your tax, sign a 64-8 for him and they will tell the Revenue for you.
Answer 10 :
If you want your accountant to get information on your tax affairs, then yes. But your new accountant should do this for you if they are worth their salt! They'll fill out a form 64-8 and ask you to sign it to authorise them to receive information directly from HMRC re your tax. If you do not want your accountant to be contacted directly by HMRC there is no need to tell them.
Answer 11 :
no you dont have to. normally your new accountants will contact your old accountant with a clearence letter asking if they have any objections why they should not act on your behalf. they will also ask for bit of information such as copy of last accounts, tax return, outstanding tax bills etc.. if they are given the all clear, only after clearence can they ask you to sign a 64-8 form which basically give your authorisation for the Inland revenue to disclose and correspond with your new accountants. assuming that the old accountants already had this authorisation, it is important that a 64-8 by submitted by the new accounts to ensure any correspondance from the revenue goes to the right place. got 10 years of practice experience so i know what mess this can get you into if not done correctly.
Read more other entries :
United Kingdom - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
No.
Answer 2 :
no
Answer 3 :
no
Answer 4 :
You don't have to but if you want them to contact your new accountant, rather than the old one, then it would make sense to let them know. VAT too if he does your returns.
Answer 5 :
no let that all come out when YOU ARE AUDITTED>>>>>
Answer 6 :
only if the inland revenue deals directly with your accountant. they usually deal direct with the person who owes the tax,
Answer 7 :
You are not obliged to notify anyone about the change. But your new accountant will probably ask you sign a form 64-8 which will authorise HMRC to talk to him about your tax affairs. This will replace any previous authority you signed with the old accountant.
Answer 8 :
No you can go to who you want but your new one may want info from the previous one.
Answer 9 :
You should tell your old accountant so that you don't get a surprise bill a few months down the line for "reminder letters" or "general assistance" or similar a.k.a. time dumped on the clock by junior staff when they have a quiet week in the expectation that they'll be able to hide it in your next bill when they prepare your accounts. If you have your self-employment set up through a company and you use your accountant's address as your registered office you should change that asap. Most accountants don't have ex-clients very high up on their priority list and it could be days before post gets forwarded. As someone else said, if your accountant also does your tax returns and normally deals directly with the Inland Revenue, you should let the Revenue know. While the Revenue are supposed to send copies of enquiry notices etc to you and only a copy to the agent, nobody's perfect. If your new accountant is taking over your tax, sign a 64-8 for him and they will tell the Revenue for you.
Answer 10 :
If you want your accountant to get information on your tax affairs, then yes. But your new accountant should do this for you if they are worth their salt! They'll fill out a form 64-8 and ask you to sign it to authorise them to receive information directly from HMRC re your tax. If you do not want your accountant to be contacted directly by HMRC there is no need to tell them.
Answer 11 :
no you dont have to. normally your new accountants will contact your old accountant with a clearence letter asking if they have any objections why they should not act on your behalf. they will also ask for bit of information such as copy of last accounts, tax return, outstanding tax bills etc.. if they are given the all clear, only after clearence can they ask you to sign a 64-8 form which basically give your authorisation for the Inland revenue to disclose and correspond with your new accountants. assuming that the old accountants already had this authorisation, it is important that a 64-8 by submitted by the new accounts to ensure any correspondance from the revenue goes to the right place. got 10 years of practice experience so i know what mess this can get you into if not done correctly.
Read more other entries :
Subscribe to:
Posts (Atom)