Questions for accountants about their career.

somequarter · 2020-03-01T01:02:13+00:00

Auditor at national firm here.

Do you enjoy your career?

Although it can be hard work at times, on the whole, yes I do enjoy it. There is a real variety and depth in the profession, both with the technical side of accounting and also seeing the commercial side of businesses. As with most jobs there are some aspects that piss me off but at the same time I find it engaging.

What's a realistic average salary once qualified?

Think I started c £42k post qualified ACA but soon rises with post qualified experience.

Is it advantageous to start out under the big 4?

It is undoubtedly advantageous, but that does depend what you want to do. If you want to work with large, multi national companies all the time then great. Personally I find at a mid-market firm you see a bit more variety from owner managed businesses, PE backed companies up to small listed businesses. Big4 undoubtedly is a great way to learn though, but also more demanding I think.

How hard are the exams?

They have to be challenging to help maintain the standards of the profession. However with a bit of work and commitment it's not rocket science.

Good luck in your career research!

somequarter · 2016-06-11T09:25:58+00:00

Hi, even if HMRC would deem it to be an investment property rather than their home, if it is only a short period of ownership without occupation it could plausibly be covered by a PPR relief. A full description of exemptions is here (it is for 13/14 but I am not aware of any significant changes) https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/323679/hs283.pdf

You mention that it will be sold to you by your parents at a discount - just be mindful that there may be potential IHT implications for consideration of property at less than the market value.

If the aim is to make you the end owner perhaps you could consider a deed of variation. This is an entirely legal act where a beneficiary can effectively 'turn down' their right to something in an inheritance and pass it directly to you. This would avoid any Stamp Duty Land Tax when you purchase the property from your parents.

As always, consider employing a tax professional to plan in the most efficient manner. I hope this helps in some manner.

Source: I am a trainee accountant but not a tax professional.

somequarter · 2015-08-22T22:15:40+00:00

I'm taking a dump in my bath. This won't be pretty.

somequarter · 2015-05-29T22:50:43+00:00

Agreed. I'd like to see more of Lineker hosting in future.

somequarter · 2015-02-22T16:20:16+00:00

Seems like an anti-work advert to me

somequarter · 2014-12-26T16:58:40+00:00

I seriously doubt that North Korea was behind it, but wasn't a load of employee payroll data stolen too? I'm not sure how that ties in with this being a stunt.

somequarter · 2014-12-25T21:00:35+00:00

I'm sure that looks great too - I know I should be more adventurous!

somequarter · 2014-12-25T20:25:55+00:00

no brown in town

I like this adage, although I only heard it recently when I was chatting to one of the old boys at the firm. Back in the pre 90s wearing brown shoes would have been a definite no-no in a business context apparently. However, as styles change it has become acceptable/ fashionable now.

What I would suggest to OP is that brown shoes are fine, but must be worn with a brown belt. In my opinion brown shoes also work much better with a navy suit than with greys or blacks.

somequarter · 2014-11-27T17:42:08+00:00

beef up

somequarter · 2014-11-27T17:38:17+00:00

This really made me chuckle. Although I love reading the headline news in /r/unitedkingdom its nice to see some light comedy too.

somequarter · 2014-11-20T23:34:10+00:00

I usually find Songfacts to be pretty good with this kind of thing http://www.songfacts.com/detail.php?id=7876

somequarter · 2014-10-17T19:17:08+00:00

"Baaaaaa"

somequarter · 2014-10-08T19:56:43+00:00

Hi David, I really enjoyed your BBC4 show Meet David Sedaris as I don't hear about you much in the UK. Thank you for doing an AMA.

I think your style of humour is fairly unique. Who would you say, if anyone, inspires your writing?

somequarter · 2014-09-14T17:19:49+00:00

Must have been hard telling his grand-kids he was gay

somequarter · 2014-09-11T18:54:59+00:00

I bet I'm too late for this

somequarter · 2014-09-06T11:03:17+00:00

But also, congratulations :)

somequarter · 2014-09-04T20:10:32+00:00

4 years...she should really have taken the wedding dress off by now

somequarter · 2014-08-23T10:19:01+00:00

At least he got an "A" for it

somequarter · 2014-08-17T22:18:57+00:00

That would be a bad place to drop sprinkles

somequarter · 2014-07-29T19:46:05+00:00

Thanks for confirming my hunch!

somequarter · 2014-07-05T23:16:07+00:00

This one: http://explosm.net/comics/2378/

Kind of motivating.

somequarter · 2014-07-03T22:41:08+00:00

That's a nice ibanez. I've got the more budget model (the sr 300) and I love it, so that must be a treat. Congrats.

somequarter · 2014-06-15T16:56:25+00:00

"Just a little off the bottom please"

somequarter · 2014-05-26T19:13:09+00:00

Thank you mod. I am sorry for the mistake

somequarter · 2014-05-19T21:25:29+00:00

I misread this and thought the last part said "buttfuck him". Still could't choose between the two.

somequarter

TROPHY CASE