Ref my prev message on co. accounts

Ref my prev message on co. accounts

Didn't find your answer?

I want to thank those to replied to me regarding the questions I raised about taking on company accounts and CT. I very much appreciate the responses and dont think I quite realised what was involved ! My client that has decided to become Ltd is coming to see me Monday about Vat, I will mention to him that I wont prepare the returns or compute the CT.

For those who recommended joining up with a firm of accountants what would be the best way to do this, i.e should I bill my client as if I had done the CT and then get the accountants to bill me, or just get the firm of accountants to bill my client for that part of work?

Some mentioned qualifications, I have a part qualification with the ACCA. Im unable to go out and work in practice right now as have a young family, however I can study and try examples and learn as much as I can in the meantime ? Then once my children are at school I plan to work in practice p/t if possible and continue my book-keeping work as I am now.

Thankyou
lynne willerton

Replies (7)

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By User deleted
28th Jan 2005 17:40

Guilty of Telling The Truth
Lynne, I am only being honest. Honest enough to tell you your mistakes in the ACCA career path you have chosen. Dawn Marie Dart does you a disservice by pretending otherwise. If you got AAT qualified you could have had a career break and still got to do ltd company work and then ACCA. If you already do some work for a ltd co then it should auger well. You want to get a part-time job in practice right? Then you will be expected to be up to the job. Do ACCA not cover ltd co in the syllabus? Or have you not reached that stage yet? Also there is fierce competition for such jobs anyway. That's life. You must prove yourself worthy to a potential employer out there.

I feel you are taking your frustrations out on me, as a gentleman alone. Many females have expressed their concern also about the ethics of your postings.

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By JSJ54
28th Jan 2005 19:52

I admire your honesty, common sense, ambition and decency
[***] (I'm sorry for the language) are everywhere, even in accountancy (a profession).

Ignore him like everyone else does.

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By User deleted
28th Jan 2005 20:59

You know what they say...
[***] always rises to the top, eh Stuart?

This "[***]" has, indirectly, helped Lynne do something positive.Contacting the ACCA. She should be safe now from insincere bullshiters like....? On this forum.

You don't need to tell me any of this Lynne. Chill out! Fascists about!

Stuart had a spat with me over Iraq & WMD for your info. I believe he's pro it all. Takes allsorts!

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By User deleted
28th Jan 2005 12:49

Many of us in a similar boat
Unless we are bringing in £250+ per hour in the city, I guess we all have our strengths and weaknesses and need to form associations with other 'experts' so that we can tell clients 'if you have a query/problem that I can't solve I know someone who can'

I am qualified, but I certainly don't profess to know everything (anyone reading the questions and answers I post will know that already!), and in my small accountancy business that consists of my wife and me, we benefit from having reciprocal links with an ex-Inland Revenue tax specialist, an auditor, another accountant who specialises in charities and trusts etc.

This forum allows us to be honest with each other about our short-comings and the tone of answers provided is usually sympathetic and positive. That's how it should be, isn't it?

Anyway... Lynne if you are in South Oxon, say Wallingford or Henley let us know as we are in Berkshire and we may be able to help each other in the future.

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By neileg
28th Jan 2005 10:19

Moving on
If you are PQ ACCA you could consider further study by distance learning. If this would be too onerous look into AAT, also on a distance learning, or a local tuition basis. This is a very worthwhile qualification and would bring you up to date with the most practical aspects of both tax and company accounting.

Why not have a chat with some local firms of accountants to see what you might do in terms of working in partnership. Who does the billing will involve considering who carries the the professional indemnity liability as well as other commercial and legal considerations.

Forming a relationship with a decent firm will give you a potential springboard when you later want a training place.

Good luck.

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By User deleted
28th Jan 2005 11:41

Ha! Ha! Stop Perjuring Yourself
Lynne, please try and keep track of what's on the record. You say your already part time with a firm in your Ltd Co posting. As well as: "I already work 2 days at a local firm doing their books". Somethings got to give? Right? Just do the right thing. What makes you think ACCA will bend all the rules just for you?

Do gooders eh? Start at the top and work your way down....!!!! I hope I dont sound harsh, but I have a young family of my own too. You will need to get appropriate experience no matter! I urge you to at least consider AAT.

http://aat.co.uk

"If this would be too onerous look into AAT" I dont know what you mean by that quote Neil. Its very uninformed.

"This forum allows us to be honest with each other about our short-comings and the tone of answers provided is usually sympathetic and positive. That's how it should be, isn't it?"

Yes, as long as its sincere and not pseudo polite, which unfortunately it mainly always is!

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By AnonymousUser
27th Jan 2005 22:20

quite an interesting little debate
After reading your question Lynne, I was a little curious and so tracked down your earlier question. You certainly got a mixture of replies! Pay no attention to the earlier ones. These people clearly have some sort of complex.
The best way to learn anything new is to dive in at the deep end. But in the commercial world of tax and accounts compliance, you will definitely need someone to help you, as you will undoubtedly come across things which will puzzle you.
We all do from time to time.
As mentioned in the previous thread, the day to day book-keeping is more or less the same for all business types. If you post something in the wrong place, it can always be corrected.
I am sure you would be able to take the limited company accounts to a fair degree of conclusion. All that would be required is for someone with a bit more experience to finish off the job, for an agreeable fee obviously.
I was wondering what part of the country are you in?
TK Mahoney.

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