what reasons can an accountant hold on to your tax rebate that has been sent to him?
my accountant seems to be holding on to my tax rebate for no reason, he has had it now for 6 weeks and keeps telling me he is waiting for this and that off me, ive sent him everything he needs. I told him to settle the invoice out of the rebate as the bill is just a fraction of what is owed to me, so where is there problem with that he has invoiced me for everything and that is just a fraction of what is owed to me. he recieved the rebate off the inland revenue 6weeks ago!!
United Kingdom - 12 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Sound a bit bent to me
Answer 2 :
have you paid the bill lately? Other than that, there should be no reason.
Answer 3 :
Probably run up huge gambling debts and been dippng into the client account. They all do it (well, maybe not all...;D)
Answer 4 :
I dont think he has any reason,so keep on at him.A lot of accountants are bent so dont be surprised if he has spent it.Good luck.
Answer 5 :
Either you haven't paid his bill, or he's dodgy
Answer 6 :
He can only do this if you have agreed to it in advance and has an unpaid bill owed to him. You can complain to his professional body [if he is qualified] When this is sorted get yourself a new accountant, but bear in mind that there are no good cheap accountants. The good ones aren't cheap & the cheap ones aren't good.
Answer 7 :
From what I've heard It's by no means unusual for this to happen-so don't panic.What many accountants will do is offset the repayment from the revenue against the fee you will owe them for their services and either pass the balance of the repayment to you(if there is one)or send you a bill for the balance if need be. It sounds like he wants everything from you for the tax year in question so that he can work out his bill and settle the refund/bill situation.
Answer 8 :
Some accountants persuade clients to sign over rebates rather than have them mandated direct to the client's bank account. The simple answer is don't sign it. It's bad enough waiting five months for HMRC to make the repayment without waiting for the accountant as well. THERE ARE NO LEGITIMATE REASONS WHY HE SHOULD DELAY SENDING IT TO YOU.
Answer 9 :
He has no right to hold your rebate.If the inland revenue have paid it out, they must have all the information they needed. If you contact the tax office,they can give you all the details of the rebate and advise you on how to get it from him.
Answer 10 :
Your accountant should have paid you the tax rebate (less his fee) as soon as he received your refund from the Inland Revenue. Are you sure he has received the refund yet? Maybe he has sent in your tax return.............but that doesn't mean the tax refund has been issued. If it has been received.............go ask him for what is owed to you..........and if you don't get a cheque from him there and then.........tell him you are going straight to your solicitor.......and that you are going to complain to his professional body. You should then walk away with a cheque in your pocket. PS....Get yourself another accountant
Answer 11 :
No, Chatbat, the Revenue can't advise how to get it. It is now a civil matter, and may have to go to court. Revenue staff don't like these cases where accountants demand their client's refund, but if the relevant section of your Tax Return is completed, and you sign it, the Revenue have no choice but to make repayment to accountant. By doing this, accountant ensures his fees are paid, but as you have found out, there is no means of ensuring you get your share. I would contact the Revenue to check refund has, in fact, been made, and get payable order number if applicable. (It is possible repayment has been withheld for some reason). Local Revenue can then check with Head Office to see if payable order has been cashed/paid in, date and bank. Probably take 2/3 weeks. There are also checks that can be made if refund was made electronically. You can also find out the date of refund. Once you have that information, you may have to see a solicitor if accountant is still holding on to your money. It may be that he has cashflow problems. If you find he has the refund, suggest you change your accountant. Most accountants are scrupulous at dealing with client's money, and you may have to report yours to his professional body.
Answer 12 :
has the cheque been made out to you? If so then ring the rev and get them to cancel the cheque and re-sent out to you. If it has been made out to him, why , did you give the rev written authority to pay it out to him. If not then something dodgy is going on, the money should be paid out to you. If this is the case contact the revenue as it could be fraud.
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Sunday, October 28, 2012
Sunday, October 14, 2012
I would like to become an accountant - I am 49 yrs old - am I too old? What do I do?
I would like to become an accountant - I am 49 yrs old - am I too old? What do I do?
I am 49 yrs old and would like to become an accountant - How can I go about this?
Higher Education (University +) - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think it takes 4 to 5 years of college to be a CPA. If you can dedicate all the time it takes to go straight through to full time school, I think it may be worth it. You will finish by age 54. Then you can work for at least 15 years. Remember though you will have alot of school loans so financially this may be a poor decision.
Answer 2 :
i believe you can just got a small 2 year community college for that. and is it to late? its never to late to better yourself or chase your dreams and goals
Answer 3 :
You did not say what your educational level is, but even if you have just a high school graduate, at the age of 49, you still have time to go to college, get your degree in accounting, and get certified as a CPA. Being an accounting is not particularly hard work physically, so you can work at this profession for at least a decade, or so.
Answer 4 :
You're not to old to improve your life. If you don't have an accounting degree already you will have to go back to an accredited college and take classes. Good luck.
Answer 5 :
Age is not a major criteria. If you have basic education and interest in maths and accounts, you can become an accountant. Infact, your age can add advantage for accountant job. You may be a right person for some employers.
Answer 6 :
If you've always wanted to do accountancy then go ahead and do it.... its never to late to learn something new... U'd be proud one day looking back and seeing how much you achieved in ur life time...
Answer 7 :
never too old. get back into school and do it. The day you resign to being to old is the day that you begin the downhill slide to death.
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I am 49 yrs old and would like to become an accountant - How can I go about this?
Higher Education (University +) - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think it takes 4 to 5 years of college to be a CPA. If you can dedicate all the time it takes to go straight through to full time school, I think it may be worth it. You will finish by age 54. Then you can work for at least 15 years. Remember though you will have alot of school loans so financially this may be a poor decision.
Answer 2 :
i believe you can just got a small 2 year community college for that. and is it to late? its never to late to better yourself or chase your dreams and goals
Answer 3 :
You did not say what your educational level is, but even if you have just a high school graduate, at the age of 49, you still have time to go to college, get your degree in accounting, and get certified as a CPA. Being an accounting is not particularly hard work physically, so you can work at this profession for at least a decade, or so.
Answer 4 :
You're not to old to improve your life. If you don't have an accounting degree already you will have to go back to an accredited college and take classes. Good luck.
Answer 5 :
Age is not a major criteria. If you have basic education and interest in maths and accounts, you can become an accountant. Infact, your age can add advantage for accountant job. You may be a right person for some employers.
Answer 6 :
If you've always wanted to do accountancy then go ahead and do it.... its never to late to learn something new... U'd be proud one day looking back and seeing how much you achieved in ur life time...
Answer 7 :
never too old. get back into school and do it. The day you resign to being to old is the day that you begin the downhill slide to death.
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Sunday, October 7, 2012
which is the better job CHARTERED ENGINEER or CHARTERED ACCOUNTANT?
which is the better job CHARTERED ENGINEER or CHARTERED ACCOUNTANT?
i am not that bright so which one will be easier to become a chartered engineer or chartered accountant.and which takes longer. and who make more money. please answer. thank you
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You make it sound easy. Like you can just walk the qualifications. They are both hard to get. Even if you pass the qualifications if you are not good at applying what you have learnt especially on the engineering side they will see through you straight away. Seen it happen to someone & it was embarrassing.
Answer 2 :
All the accountants I know are boring old farts but the engineers are really interesting.
Answer 3 :
I think accountants get paid more but I think engineering would be much more interesting.
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i am not that bright so which one will be easier to become a chartered engineer or chartered accountant.and which takes longer. and who make more money. please answer. thank you
Higher Education (University +) - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You make it sound easy. Like you can just walk the qualifications. They are both hard to get. Even if you pass the qualifications if you are not good at applying what you have learnt especially on the engineering side they will see through you straight away. Seen it happen to someone & it was embarrassing.
Answer 2 :
All the accountants I know are boring old farts but the engineers are really interesting.
Answer 3 :
I think accountants get paid more but I think engineering would be much more interesting.
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Monday, October 1, 2012
if you have a bad credit rating can you be an accountant?
if you have a bad credit rating can you be an accountant?
im just curious ive started an accounting course and have a bad credit history, im on a debt management plan but i haven't been to court and having been bankrupt so would that effect me being able to be an accountant in the future. i think i remember reading somewhere that there are certain jobs you cant do if you have a bad credit rating. thanks.
Personal Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Stick to the plan and you'll be in the clear legally. If you want to be an accountant that badly, even with a bankruptcy, you can find ways around it... All accountants are thieves in any case!
Answer 2 :
Many employees look at an applicant's credit score, not just those of accountants. Do your best to rectify the situation and go for the career you want. If you are still concerned about it during an interview, bring it up and explain the steps you have taken to correct the problem.
Answer 3 :
Yes it will affect you. Can you imagine an Accountancy firm employing an Accountant who cannot manage their own affairs let alone their clients. You will be checked, so you need to get your financial situation in order before you qualify. UK
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im just curious ive started an accounting course and have a bad credit history, im on a debt management plan but i haven't been to court and having been bankrupt so would that effect me being able to be an accountant in the future. i think i remember reading somewhere that there are certain jobs you cant do if you have a bad credit rating. thanks.
Personal Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Stick to the plan and you'll be in the clear legally. If you want to be an accountant that badly, even with a bankruptcy, you can find ways around it... All accountants are thieves in any case!
Answer 2 :
Many employees look at an applicant's credit score, not just those of accountants. Do your best to rectify the situation and go for the career you want. If you are still concerned about it during an interview, bring it up and explain the steps you have taken to correct the problem.
Answer 3 :
Yes it will affect you. Can you imagine an Accountancy firm employing an Accountant who cannot manage their own affairs let alone their clients. You will be checked, so you need to get your financial situation in order before you qualify. UK
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