The Tax Preparation Blog

Posts Tagged ‘accounting’

Question: French or Chinese?

I live and work in Melbourne Australia, I grew up in an Asian country – not China – and I am a second generation Chinese. I don’t speak a single word of Chinese, despite looking very Chinese and yes I find French very exotic…
I am a tax accountant…
Do you think I should learn French or Chinese? Chinese sounds very hard…
Does that mean I need to move interstate to setup the business together Miss Schlonky? But Victoria is so good

Answer: I think you should learn Chinese, then leave your dodgy job and come set up a non-dodgy Asia specialised international taxation practice with me

Answer 2:
That’s a good point but Sydney is my favourite city, which would make it a bit tricky for us Well, whatever you do, you don’t have to work with dodgy people forever so keep your chin up and remember you’re worth a lot more than they can give you credit for.

French could be more fun… maybe if you spoke Chinese, other people would talk back at you really fast because they think you are Chinese. So you could be more mysterious and surprising with French. I am no good at learning Vietnamese – monosyllabic spoken languages are so awkward when you naturally run all your words and syllables together. I found German a lot easier just as you will find French easier too.

(p.s. I recently quit my job and set up solo – it’s awesome! I don’t even have to record my time billing if I don’t feel like it and now I always knock off at 5pm. yay )

Principles of Income Tax for Accountants A guide to the principles of income tax aimed at tertiary students of accountancy….

The best brains of the public accounting world: the restricted membership of the army accountancy advisory panel, 1942-1945. (2007 Vangermeersch … article from: Accounting Historians Journal $9.95 This digital document is an article from Accounting Historians Journal, published by Academy of Accounting Historians on December 1, 2009. The length of the article is 12110 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: “The best…

Income Tax Law for Accountants …

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Some ‘underwhelmed’ after Henry review

While Kevin Rudd’s proposed tax reforms have provided a number of sweeteners for small businesses, some have been left feeling decidedly underwhelmed.

Australian Tax Highlights 10 April 2010 – A short summary of recent tax developments in Australia.

Question: Filing income tax in Quebec?

Regarding filing taxes with Revenue Canada:
I’m filing my taxes online; must I enter both my T4 and Relevé 1 forms? (It asks me which forms I need; T4 and RL-1 are seperate checkboxes). I originally filed my taxes with just my T4 and ended up with a very low return, and after entering the RL-1 it more than doubled. I’m worried I’m just filling in the numbers twice.

Regarding filing taxes with Revenu Quebec:
I am a Manitoba resident living in Quebec since July 2008. Therefore, I imagine I am not yet a “QC resident” as I have not lived here for a full year. I resided here Dec 31 2008; must I file taxes with Revenu Quebec as well?

Answer: You are a resident of the province where you lived on 31 December. If you are a resident of Quebec you must file a TP-1-D-V

http://www.cra-arc.gc.ca/formspubs/t1gnrl/menu-eng.html

“Select the province or territory in which you resided on December 31, 2008.”

T4s are given by employers outside Quebec, RL-1s are given inside Quebec. You enter both forms on your T1 AND the TP-1-D-V

Estate and Trust Administration For Dummies $10.19 Executing an estate or a trust fund is a big responsibility. Estate & Trust Administration For Dummies contains advice for handling estates and trusts of any size. It offers solid pointers on reading and interpreting a will and other documents, and helping heirs avoid paying too much (or too little). It also shows you how to take care of a loved one’s estate in the event that a will or trust wa…

QuickBooks for Mac 2012 $129.50 New to QuickBooks? Find out why QuickBooks is the #1 best selling small business accounting software1. Built for your Mac Synchronize contacts with Address Book so you never have to enter an address or phone number twice2 Add reminders to iCal so you can be reminded to print invoices and checks or to pay bills in one consolidated calendar 2 Protect important data by backing up files to MobileMe…

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Sunrise Pleased by Court’s Dismissal of HCP Litigation

MCLEAN, Va., April 30 /PRNewswire-FirstCall/ — Sunrise Senior Living, Inc.

President Bill Clinton – Global Citizenship: Turning Good Intentions into Positive Action

Question: Nurse becoming an accountant?

I am currently working as a nurse, but I have always known (even since nursing school) that this is not what I really want to do with my life. I’ve recently been thinking about going back to school for something else. I don’t really want to be involved in healthcare anymore. I was thinking about going back to school to become an accountant. If anyone could give me any advice on the career (typical days, different opportunities, likes and dislikes) I would appreciate it. I worked in a tax preparation office for a few years as a receptionist so I know a little about the business, but I was wanting some more input. Thanks!

Answer: Accounting pays fairly well and is always in demand, with a diverse amount of career options. As an accountant, you will probably get better at managing your finances.

If you are a book-keeper, then that could be the same thing all the time, but steady work. Some people like this. If you want to be in auditing, then be prepared for long work days and stress from having to meet deadlines. If you like computers, then you could focus on accounting systems by slanting your education to be heavier in technology — there is a lot of need for this in the medical industry, and you already know a lot about that field. Maybe you should strongly consider this. Plus, nurses are typically people oriented, and this could help you to interact with everyone in the information chain. Accounting can blur very much into the consulting realm and creative people definitely have a space for themselves in these types of roles.

Downsides are that people make jokes about you as an accountant, and traditional jobs like auditing could be quite boring. You sit in front of a computer all day, instead of walking around as a nurse — this is actually a big deal when you look at all the fat accountants out there.

AUDITING LIVE THE DREAM Mug Coffee Cup 11 oz This is a high quality 11 oz ceramic mug that is great as a gift for any occasion or just as a treat for yourself! The design is on both sides of the mug! The image on the mug is adhered through a heat sublimation process making it durable and long lasting. Dishwasher & Microwave Safe…

Bookkeeping and Accounting DVD (1945) Job Training and Skills Vintage Instructional Film $4.99 This vocational guidance film explores all the aspects of accounting and bookkeeping before the age of the computer. According to the film, an accountant must have strong moral fiber, be able to work in a team, and have significant organizational skills. It goes on to describe the various types of tasks bookkeepers and accountants perform, and what tools and education each must have to complete th…

How to Start a Successful Home-Based Freelance Bookkeeping and Tax Preparation Business $24.55 This book is a genuine resource, packed with proven methods, and valuable interviews with real bookkeepers and accounting professionals. These ideas and techniques show you how to quickly build a flourishing full-time or part-time home-based bookkeeping or tax practice, and keep it running profitably. Some of the topics covered in this volume: How to get started and obtain all necessary business l…

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The Rise of Decline: When things are bad, should we be praying for worse?

When Andrew Joseph Stack, a software consultant with a history of tax troubles and marital problems, crashed his Piper Cherokee into the Austin, Texas, office of the Internal Revenue Service in February, the crime was widely seen as a referendum on the national psyche. Stack, who killed himself and one other person while injuring 13, was said to represent a strain of legitimate grievances in A …

accounting and finance career school

Question: California Franchise Tax Board (not IRS) owes me $. Do I need a good atty to get it back after 3 years?

over $30,000 in gains from a sale of home and other accounts.

Answer: Not necessarily. I know a really good tax guy in San Diego. His website appears below. If he can’t help you, he can get me involved.

Guidebook to Texas Taxes (2009) $55.95 CCH’s Guidebook to Texas Taxes is the perfect resource for concise and reliable information for practitioners working with state taxation in Texas. Designed as a quick reference work, the Guidebook presents succinct discussions of state and local taxes, describing the general provisions of the respective tax laws and regulations and highlighting significant cases and administrative rulings. This a…

Guidebook to Texas Taxes (2011) $50.00 CCH’s Guidebook to Texas Taxes is the perfect resource for concise and reliable information for practitioners working with state taxation in Texas. Designed as a quick reference work, the Guidebook presents succinct discussions of state and local taxes, describing the general provisions of the respective tax laws and regulations and highlighting significant cases and administrative rulings. This a…

FRANCHISING: AN ACCOUNTING, AUDITING and INCOME TAX GUIIDE: A Practical Guide for Franchisors, Franchisees, and their Accounting and Legal Advisors – 2011 Edition $96.67 Product Description: This 2011 Edition has been updated to reflect the Accounting Standards Codification changes, particularly with regard to ASC Topic 952, Franchisors. In addition, cross references have been included to the International Franchise Reporting Standards (IFRS) for Small & Medium-sized Entities. Contents – Part A – By Chapter 1. BUSINESS FORMAT FRANCHISING-AN OVERVIEW …

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Lawmakers call for IPL inquiry

New Delhi – Indian lawmakers called for a parliamentary inquiry into allegations of corruption against Indian Premier League chief Lalit Modi and its wealthy franchise owners on Friday.

Accounting Practice: More New Clients

Question: Foreign earnings and income tax questions (canada)?

I lived in Taiwan for 5 years and and never returned to canada. I just did my taxes for 2008 but only mentioned my earnings here in canada since i’ve been back. The rest of 2008 i said i didnt earn anything. I want to do my previous years taxes once i get my 2008 return because i am too poor right now. What documents will i need to complete this? (I’ve lost all tax forms from Taiwan) How much will it take to have someone take care of this for me? I need any and all info you may have
thanks

Answer: Joe, again, what are you planning to do without Taiwan tax forms? Pull numbers out of thin air?

If you filed Taiwanese tax returns, you can, I am sure, get copies of these to be converted to useful information.

You might start here:

http://www.ntat.gov.tw/county/ntat_ch/ntat_en/ab26_1.jsp

QuickBooks for Mac 2012 $129.50 Easily manage your businessProductInformationQuickBooks for Mac 2012 is small business accounting that lets youorganize your finances all in once place so you can quickly find whatyou need.  Easily create invoices and track your businesssales and expenses – and get reliable records for tax time. QuickBooks for Mac 2012 is set up in minutes and is easy tolearn and use along with looking a…

Estate and Trust Administration For Dummies $10.19 Executing an estate or a trust fund is a big responsibility. Estate & Trust Administration For Dummies contains advice for handling estates and trusts of any size. It offers solid pointers on reading and interpreting a will and other documents, and helping heirs avoid paying too much (or too little). It also shows you how to take care of a loved one’s estate in the event that a will or trust wa…

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Autonomy Corporation plc Announces Results for the First Quarter Ended March 31, 2010

CAMBRIDGE, England, April 21, 2010 /PRNewswire-FirstCall/ — Autonomy Corporation plc (LSE: AU.

Kill Bill (C-10)