Its lovely that someone can write and be controversial. The qualifications are still the pinnacle of the professional and there is very little difference between ACCA and ACA. The digitisation of book-keeping is of course making it easy at one end to work without letters but knowledge and advice has to be gained. And that is where the qualification excels. A degree or A levels admits you to the rat race, no more than that.
Accountancy is a professional vocation. I want all professionals to be qualified.
I want clients to understand being ACCA or ACA sets us apart, and not for snobbish reasons.
We spend thousands a year training our staff to qualify because it matters, because it demonstrates a dedication, a determination an understanding that it says to the world at large i have achieved and you can trust me.
Giving up that and still practice, sorry i do not get it!
The question for those of us who are serious users of Iris and Xero is how do we integrate the two so we can make use of the best of both market leaders?
Tax avoidance strategies are legal..even if it is for many thousands of pounds!
Putting a private taxi receipt through the business is evasion!
It is our duty to make our clients aware of planning opportunities providing we have acted professionally in doing our due diligence on the providers. Also we do not sell the opportunity but rather we inform and educate the client, let them understand the risks and make their own decisions. We do not advise them to do the scheme or tell them it will work.
Of course as individuals we have to take a view and draw our own lines but i do not think the public are at all influenced by the rhetoric in the media. My experience is the public object to the ability of multi-nationals diverting profits elsewhere to an individual reducing their tax liability via legal methods.
My answers
Its lovely that someone can write and be controversial. The qualifications are still the pinnacle of the professional and there is very little difference between ACCA and ACA. The digitisation of book-keeping is of course making it easy at one end to work without letters but knowledge and advice has to be gained. And that is where the qualification excels. A degree or A levels admits you to the rat race, no more than that.
£600
I suppose we are getting to the nub here.
Accountancy is a professional vocation. I want all professionals to be qualified.
I want clients to understand being ACCA or ACA sets us apart, and not for snobbish reasons.
We spend thousands a year training our staff to qualify because it matters, because it demonstrates a dedication, a determination an understanding that it says to the world at large i have achieved and you can trust me.
Giving up that and still practice, sorry i do not get it!
Giving up your qualification
Mr Scholes - you are a successful accountant who spent much time studying for a qualification only to give it up to save £600.
Rubbish!
Iris or Xero or both
The question for those of us who are serious users of Iris and Xero is how do we integrate the two so we can make use of the best of both market leaders?
It is our duty to tell our clients
Tax avoidance strategies are legal..even if it is for many thousands of pounds!
Putting a private taxi receipt through the business is evasion!
It is our duty to make our clients aware of planning opportunities providing we have acted professionally in doing our due diligence on the providers. Also we do not sell the opportunity but rather we inform and educate the client, let them understand the risks and make their own decisions. We do not advise them to do the scheme or tell them it will work.
Of course as individuals we have to take a view and draw our own lines but i do not think the public are at all influenced by the rhetoric in the media. My experience is the public object to the ability of multi-nationals diverting profits elsewhere to an individual reducing their tax liability via legal methods.