Tag: accountant

Is your accountant qualified?

Accounting Standards

The ACCA issued a warning in May after research from cloud accounting software provider ClearBooks showed just 8 per cent of small businesses considered an accountant’s qualifications when choosing one. There is no law preventing anyone from calling themselves an accountant, and that as a result small businesses could be unknowingly paying someone without the necessary skills to handle their finances and help their business grow, who isn’t regulated or insured against risk.

CIMA (Chartered Institute of Management Accountants) Members in Practice are monitored by CIMA for:

  1. Continuous Professional Development
  2. Anti Money Laundering Compliance
  3. Professional Indemnity Insurance
  4. Continuity Agreements
  5. Letters of engagement
  6. Ethical conduct

CIMA operates a Masters degree standard scheme of qualifying examinations for prospective members. It is active in promoting local education, training and management development operations, the promotion of new techniques through its research foundation and the dissemination of management accounting practices through publications and other media related activities. WIKIPEDIA

You can find out more at www.business-accountant.com and www.cimaglobal.com

Why is it that small businesses do not check that their accountant is qualified?

steve@bicknells.net

Have Accountants in Oz gone mad? who is the dancing accountant?

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Accountants are normally reserved, professional and controlled, but a new type of accountant is taking social media by storm, the dancing accountant.

Dressed in his signature accounting ‘uniform’ that includes a tie, glasses, sweater-vest, and obligatory black briefcase, once a week the Dancing Accountant performs a one-man ‘flash mob’ style public dance, which is uploaded to his YouTube channel.

After attending a music festival a couple of years ago, the character was born after the Dancing Accountant realised that his unique dance moves were being copied by a group of people standing behind him. Unperturbed, he continued before realising that the crowd of imitators soon grew, until almost fifty had joined in.

“It was then I realised that people just enjoy seeing someone let loose, and that’s where the idea of the videos came from.” Viewers suggest the location and make song requests.

http://www.charteredaccountants.com.au/News-Media/Charter/Charter-articles/Member-profiles/2013-10-Dance-like-everyone-is-watching.aspx

Is this totally crazy? obviously the bank didn’t like it because they called the police

Does this help to improve the image of accountants?

steve@bicknells.net

Who is next on taxman’s hit list? are you prepared…

It seems the taxman has got bored with chasing the self employed and moved on to the middle classes and white-collar professionals as highlight in this article in the Sunday Express today

http://www.express.co.uk/posts/view/269055/Taxmen-target-middle-classes-Crackdown-on-tax-cheats

Doctors and Dentists are now top of the hit list.

Chancellor George Osborne has branded tax-evaders “leeches”, convictions for tax evasion have jumped 38% over the past year to 148 for the year to March 2011.

Sometimes tax issues can arise from simple mistakes and misunderstandings, if your accounts and records need to be reviewed now is the perfect time to seek help from your accountant.

steve@bicknells.net