I'm coming ot this from a complete position of ignorance. I know the answers will vary considerably, but I have no idea what to expect so even ball park figures will be helpful.
I'm looking to build up a business with a friend. We'll both be ACMA and I'll also be ATT qualified. The intention will be that I will look after tax compliance/strategy and he will take care of the management accountancy side.
I know there are plenty of variables here, but just want to know what kind of earning potential this brings by working office hours. We both have large families, so working round the clock would not be an ideal option.
Any help info/advice greatly appreciated.
Thanks.
Robin Dunne
Replies (5)
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I wouldnt give up Robin
It's such a shame that there are people who have such a high opinion of themselves that they feel the need to reply to messages when they have absolutely no advice to give.
But there are a lot of good people on here who do offer good advice, so stick with it and ignore the WUMs.
No Abuse - Common Sense
Kenny
He is a CIMA finalist, works in practice. How can he not know such things as charge out rates, billable hours etc., unless he goes around with his eyes shut all the time.
This is the same man who thought he could call himself a "Chartered Accountant" with ACMA QUALIFICATION.
It would be different if he were not a professional (sic).
abuse
It seems like a fair enough question to me Panda, I guess they are starting out and trying to get some idea of charge out rates and/or rate of getting new clients.
I'm not sure why you feel the need to jump in and insult people needlessly, it's totally uncalled for.
Cash Flow Projections
You must know how to do cash flow projections, if not then you are a prettty poor accountant. Do I really need to go on about this?
It all starts off with what your projected charge out rate is, how many hours are to be billed etc.,
You really are joking about this, aren't you?
At the end of the day it gets dark. Good accountants make money poor accountants do not..