Thursday, October 28, 2010

Is a Hedge Fund Accountant a good job for a graduate?

Is a Hedge Fund Accountant a good job for a graduate?
I am currently working for a hedge fund in the city as a fund accountant and wanted to know if this is a good place to start a career in accountantcy.
Other - Careers & Employment - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Okay, two things. One, from what I have seen in today's economy, at least, accountants are always on demand. It probably doesn't really matter where you start, in the long run, so long as you acquire the kind of experience IN accounting that a business might need (like being able to do corporate cash flow statements and audits, etc.). Two, a city job! If that is an American city job, take it! You will be set for life at a city job. Good pay, good benefits, good pension and probably good experience. Working for the city, county, state, or federal government generally have some of the most stringent hiring requirements out of all companies you could offer your services to, so if you can get in, do it. It might look good on a resume. By the way, you can also be a: Financial Manager Financial Analyst Personal Financial adviser In addition to being an accountant or auditor. Also, refer to the Labor Department for tips as to what people might be looking for in an accountant, as far as experience and education are concerned. It might help you plan your long term goals more appropriately. http://www.bls.gov/oco/ocos001.htm Otherwise, I suggest browsing career builder. Do a national search for the type of accounting job you might want to have. For example, "Financial Analyst" (use quotes to tell it to search for the whole phrase. Click them and read the job descriptions. After you look at enough, you'll start to have an idea of what kinds of things potential employers are looking for you to have in your background. Compare this to what you'll be doing at your city job, or use it as a way to ask good questions at your interview. "Will I ever be working with (blank)?"
Answer 2 :
Being an accountant in general practice, I can imagine that a job in the city as a fund accountant will be well paid, however, my advice to you would be to ensure that any job you take comes with the correct training. I believe that starting as a fund accountant would leave you a little pigeon holed because you would struggle to work within practice as an auditor. If you don't wish to ever go into practice and work for a chartered accountants, as long as you have a decent training contract, I think it would be an excellent start.

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Thursday, October 14, 2010

I need an accountant in the north west london area?

I need an accountant in the north west london area?
I must travel over from Ireland and finish my tax returns but i have no contact for any accountants. Is there a directory somewhere I can look up?
United Kingdom - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
An accountant uses basic maths, if you have spare time and basic maths knowledge you can do it yourself :)
Answer 2 :
Yes, you can search on the Institute of Chartered Accounts website:
Answer 3 :
lookup on gumtree.com or for northwest london call Accountancy services uk limited :- Mr Falak Cumberland House 80 Scrubs Lane London NW10 6RF Telephone: 020-8962-9990

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Thursday, October 7, 2010

As a self employed sole trader do you have to have an accountant?

As a self employed sole trader do you have to have an accountant?
The company is not Limited and is not registered for VAT.
Small Business - 15 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
u don't have to but it helps
Answer 2 :
yes
Answer 3 :
No. I'm self-employed and i do all my own accounts. In any case, you'd have to save all your receipts and so forth and hand them over, which would be a lot of work in itself, so i don't think it's worth it. You might as well just do it yourself.
Answer 4 :
No you can do it all yourself. I did all my husbands accounts xxxxxxx
Answer 5 :
its better for you to be your own accountant because you wont need to spend on an accountant. they are costly to hire
Answer 6 :
dont know about england, but in ireland you dont. you are better with one,
Answer 7 :
it does help, but you can just hire one for tax time. Keep good records and books, and cut down on the hourly rate they have to spend to file for you. Or buy software that does it for you and do it yourself. Do they have tax preparers yet in the UK? Haven't been in a while.
Answer 8 :
You don't have to but it is a good thing to have. My husband did his own books but then realised he had made a mistake and ended up with a large tax bill!
Answer 9 :
You just have to fill in your own tax return its not that difficult, but alot of people find that an accountant can save you enough money off your tax bill to cover the accountants cost.
Answer 10 :
No you don't but you will than have to do your own tax returns. The amount you pay an accountant will be more than recouped by the amount of tax they will save you.
Answer 11 :
well if u have just started the business then u dont need one now. later when u r business gets hot u would need because other wise u wont have the time for nothing. so u decide what u would like beside if u have an accountant now u will also have to pay him so if u can avoid it u can save some money.
Answer 12 :
No, not at all. As long as you understand bookkeeping you can do everything quite easily yourself. You can also get software to help you with it, if you wish.
Answer 13 :
no you can do your own, self assessment but make sure you keep everything that the tax office send you as if you go for a loan or mortgagee they may ask to see these forms as proof your paying tax. Think the forms are called SA302.
Answer 14 :
u have to register for vat thru accountant . keep all recipts give recipts to accountant after 3 months or yearly if u prefer. u also have to make a sale sheet showing how much u make each day (but u can write down less sale for each day that way u pay less vat bear in mind u have to throw some of ur recipts away) this way is illegal in uk but 80% of people do it this way u save thousands of pounds a year. accountants save u money the tax man trusts them
Answer 15 :
You do not NEED an accountant Just keep a accruate record of all your income and expences ready for the self assessment form at the end of the year Alternatively...if the business is growing at a rapid rate...employ a book keeper from your local newspaper....alot cheaper

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Friday, October 1, 2010

How much does an average financial accountant earn each year?

How much does an average financial accountant earn each year?
i might go to kent uni (cheaper place) to study accounting and finance and probably do a master in lse i was just wondering how much doe on average i would earn after graduating
Higher Education (University +) - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
£1?

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