I am handling company's accounts and administration work in small engineering firm owned by our family for the past four years. I have no paper qualification except for past working experience. I'm in my thirties and definitely have no time to waste. There's a party interested in our firm. If my dad decides to sell and have a new business partner, I don't know where will I fit in cause I'm not a qualified accountant. Please advise.
130038
MOS DEFinitely take an accounting course, also learn quickbooks. Take a small course on learning all the Microsoft Office products like Excel, Access, Powerpoint, Outlook Mail, and Word.
481490
I wouldn't worry about it. A few good questions though. Why were you put as president of the company? Why would you be being sued? Answer those two questions, and you'll have pretty good direction pointing to the answers. Ask him. Think about it logically for a moment. Your father brought you into the world, and nothing you experience could've been experienced without him, so first off let's be grateful for that gift of life. Secondly, a lawyer firm is a business. Businesses run for one reason, to Get Profit. Clearly they're not going to care about your personal interest as much as they are going to want their profit in the end, it's a bit more cold than dealing with family directly. As strangers, these people have no consent to the actual relationship you and your father have. From the perspective you give, it makes him seem like a scumbag, when I truly doubt that is the case. I'd talk to your dad and if I didn't get the proper answers then I would consult a lawyer and the judge of whatever, to help them realize you didn't actually do anything wrong. You didn't do anything. He forged the signature and did everything. What could you possibly have to worry about? You'll have to tell them the honest truth about everything, and that may put your father into trouble. I'd stick it out with my family, you'd be nothing without them, not to mention not even exist. It really depends on where your heart is. Only for yourself. Or For your family.
421265
I would suggest that you employ the services of a business consultant who will conduct a fesibility study to determine if this is the move that you should make. All the best!
499877
I don't face this type of problem. First of all you need to check what is written in your letter of appointment coz all the terms and condition etc are all written in it. Once you confirm all the details then you may decide if you are willing to carry on working for the firm.
464970
I have been both an internal auditor (and still am going on 10 years now) and worked in public accounting (3 years).  \n\nYou should probably take the job with the big four firm. I say this because the bredth of experience that will get form that job will be invaluable in your future career.  You will see many different ways that companies handle internal controls as well as get a good foundation in the "red book".  You will also make contacts and a network of friends that could spread across the world and all different industries.  To me the big downside of the big four job would be the travel (probably be 80%+ unless you get on a very long term engagement) and the perception/feeling that you are a "hired gun" and not really part of the entity that you are working at.\n\nWhile the job with the manufacturing firm may be a fast track to management you will, in the long run, be limiting your potential.  The up side to this job is the stability (as much as anyone has outside government work) you know where you will be working with a fiar amount of certainty, and the lack of travel.\n\nIn the end, if i was you, I would look at how I handle: pressure, travel, change, and risk (the big 4 job is riskier b/c if they lose the contract you are assigned to you may lose your job).  Some people thrive on those things and if you are one of them....then go for the big 4 job.\n\n\nOne last thought you will probably grow more professionally in the big 4 job than the other simply because of the greater variety of work, more and better managers to learn from, and competition among staff auditors to get ahead (which pushes you to do better).\n\nGood luck
648018
Could be a number of reasons -\nYou state that it is a small company, this could mean that they need someone in your new position, but maybe they are waiting until after they close Q2 so the cost of an additional headcount doesn't hit their financials.  Even if they are not a public company they want their P&L (financial record of profits and losses) to look as good as possible to secure financing or investors. \nIt can also be the extra cost savings in getting your work area set up and then having to pack it up and move. Professional moves are quite costly.\n\nYou should talk to the hiring manager and tell him/her your concern and that you would like the offer in writing or else you will have to keep your options open.  If they are serious they can give you a written offer.  If they don't want to, you should seriously consider keeping your resumes going out and/or posted on job sites.  You can also keep your resume posted and if something better does come along you can make the decision at that time.
73814
I started my own businessabout six weeks ago.  It's a transcribing business and probably of no use to you whatsoever but the best thing you can do is to get in touch with the Inland Revenue's Help for Newly Self Employed people and they will send you out a starter pack.\n\nSpeaking from experience, the best ever thing I did was to start up my own business.  I still work full-time but work on my own business on an evenings and weekends.\n\nMaybe it would be an idea to gain employment first after you leave the forces to ensure guaranteed income prior to actually taking the step.\n\nBest of luck.
365989
Yes, you've got a problem.  BP can have their pick of accountants, the job advert should tell you what experience they want but it seems unlikely they are going to be interested in you if your CV says you have no experience in oil and gas.\n\nSend your CV in, the worst that can happen is that they reject you.  But if you get an interview I suggest using Google (oops...Yahoo) to do a bit of homework.  You can find out the basics for Sarbannes Oxley and US GAAP - but the fact that you haven't worked in America will still count against you.  You can get a lot of information about IFRS and the Oil & Gas industry online - certainly enough to talk confidently to an interviewer.
628443
I would talk with the "Small Business Administration" and "SCORE" in my local community (They in the Phone Book Blue/Government Pages). They may be able to help and it Free advise. You just determine what important for you.\nAlso, you may want to call the IRS. They offer Free Tax Classes to help you know what Forms and stuff would be important for your Business, plus, they usually answer some important questions you may have as to Deductions. They real important and it FREE!!!! Then talk to your State Revenue Department and find out what you need to get your Tax ID etc. for your Business. Usually it just your Social Security Number for a Small Business. But, you need this Form to Buy Wholesale and not pay Sales Tax on your Stock. You charge the Tax when it sold.\nThere is a lot to cover, but, do not feel overwhelmed, take each part, step by step. You not in a hurry! AND those guys/gals @ SCORE can tell you most of this and help you. They Retired Business Owners Volunteering their time for something to do.
547608
I'm writing this on the assumption that you will be working for an English or Welsh firm, rather than one in Scotland, Ireland (Republic or North) or anywhere else in the Commonwealth.\n\nYes, there's some jargon, but a lot less than there used to be - no more than in any other business, these days.  There used to be a book called something like "The Legal Secretary's Handbook" published by The Law Society, but I'm not sure if it is still in print - (don't confuse it with a U.S. book of the same name). You could check with "Oyez" or other legal publishers. The written side of the work may seem a bit daunting for the first week or so, but that's the same with anything unfamiliar.\n\nI reckon that one of the most important things is an ability to relate to clients - from time to time, you will probably have to deal with them - usually by 'phone. No-one employs a solicitor for fun and amusement. In most cases, something is worrying them, and they want to feel that they are dealing with a firm which is doing its best to help, even if the outcome is uncertain. Mind you, don't get too involved - lawyers and their staff have to remain objective, however much sympathy they may privately feel for a client. \n\nThere's something about the way you have put your question which makes me think that you will be well up to the job, and obviously your new employers think the same, or they wouldn't have offered it to you.\n\nGood luck, and I hope you are starting work in time to go to the office party this Christmas!
408364
Hi friend ,u r facing same problem as i ,but my sugesstion is its better u change company look new company applying for TL post 5year is too long .u should work atleat 8-9 months with same company but if u got opptunity & ur satsfied with ur post then its better to cotinue \n Choice is urs boss ....Many people not help u regard this
536649
Hopefully the business that you are considering has had financial audits performed on a regular basis.  If so, ask for copies of the last three years of audited financial statements.  Your investors may want audited FS.  Unless you are an accountant with experience in this field you will need to have someone do the projections for you.  The owner may require you to sign some type of confidentially agreement - run this by a lawyer.  Assuming that you can come to an agreement on the confidentiality statement (if the owner even requires one) then take what you have to a CPA with at least 5 to 10 years of experience and have that person "run the numbers" for you.\n\nIf the business does not have audited financial statements, then the next best thing are FS that have been reviewed.  If not that then you will have to settle for compiled FS.  It is just my opinion but I doubt any investors will settle for compiled FS; if you are lucky you may be able to get by with reviewed FS.  The CPA will be (sure as heck should be, if not find someone else ASAP) able to explain the difference between FS that have been audited, reviewed or compiled.  This is serious business.  Don't be penny-wise and pound-foolish.  The investors could conceivably take legal action against you if you do this incorrectly.  Good luck.
31078
Personally, I think you should first get a lawyer and explain of the situation. Amongst the two partners that will start the new business, decide what assets you will split, if the none weight puller will get any of those assets. Let him know in plenty of time that you are thinking of dissolving the current company, giving him time to consider other options. Depending on how much and how long it will take you to pay off the current assets, decide who gets what. If the deadbeat put in a fare share of capital, then its only fair he get a percent of that back. Let him know the company is not meeting its standard set forth that were thought in the beginning.
590880
Yes! In every business they need an accountants or even in your family, understanding accounting is a very big help. Specially if you will go in to business, its not enough to know your product you should also know how & when to oil up.
128529
I recently retired from the real estate business in Central Florida after 27 years. For the past two years I have been offering free business mentoring services to young entrepreneurs. I can offer a variety of small business ideas depending on your personal interest and abilities. I will also make myself available for consultations by email or phone. I do not charge for these services.\n\nI must tell you that it is very difficult to get any (legal) business into a positive cash flow position that would be equivalent to your full time job. Most businesses take at least a few months to a year or more to start generating that kind of income. Can you afford to wait?\n\nIf you want to know more, please feel free to write to Bruce at boatclub@go.com . I will you help if I can.
388131
Congratulations on starting your own C corp. - now come the fun!\n\nI currently run four companies with one being a full C Corp and the others being LLC - I wanted to set up partnerships, however, my accountant/lawyer showed me where the state that I am in does not allow partnerships.\n\nOK - the very next thing you should do (even before transferring the vehicle) is to find a really good accountant for C Corps - this will be a LOT HARDER than it sounds.  As I have already noted, I found one that is both an accountant and a tax lawyer (even more rare)!  You want to find someone who really understands small C Corps and is willing to push to get all the tax benefits for you that are legal in today’s tax code.  Many accountants do not really understand the tax codes for small C Corps.  This one item can save you tens of thousands of dollars in very short order!\n\nMy advice here is to read the book Rich Dad Poor Dad (if you have not already) and use that as a basis to question accountants to see if they know how the tax codes work for small C corps.\n\nThe next thing to do is start setting up your advertising to be as much word of mouth as you can possible stand (good way to use that vehicle to mentioned to get around to network and meetings).  You want to plan as best as you can to ensure that you have as much cash flow as your company will need.  Depending on the type of business you are in, there could be any number of natural ups and downs that you will need to plan for.\n\nAs for the vehicle – again the accountant should be able to advise you best.  I have been told that the safest way to have the company own a vehicle is for the company to lease one.  This then become a full write off.  Yes, you will still need to keep track of mileage and/or other information as directed by your accountant.  The C Corp can also put money in a 401K or other retirement plan for you and your employees.  \n\nYou should set things up so that medical expenses are paid by the C Corp.  My wife retired with a good pension and medical benefits (although the company is cutting back on retiree benefits now), so the C Corp picks up all unpaid medical that is not covered by the insurance company.  Also under medical can be health club dues for medical reasons – thus one of my LLC’s has a fitness complex that is on it’s property that the C Corp then pays dues for the use of it.\n\nYou might also want to check you local area to find out if there are other small C Corp owners.  If so, you might want to ask them to join you in developing a master mind group where you can all share ideas on everything from building your organization to benefits from sharing resources (like accounting, purchasing office supplies, payroll services, etc.).\n\nThus you are right – there are a lot of tricks to the trade of learning how to run a small C Corp to benefit you and the company and also pay your legal (albeit small) amount to Uncle Sam – play like a big boy using their tools in a small company.\n\nGood Luck.\n\n\nAlso, you probably already know the following, but just in case, here is what I typically recommend to those thinking about starting out in business:\n\n\nAnytime you want to start any kind of business, there are several basics that you will need:\n\n* You should first sit down and think about what it is you want to do and then write out the scenario in detail!  This may sound tedious, but it will help you clarify what it is you are thinking about.  Also, when you talk to anyone about the business (mentor, bank, clients, prospective investor), you will have a clear vision to share with him or her.  You can check any number of books at your local library or the Internet for ideas on creating a business plan or goals list.\n\n* Is there anyone out there doing something like what you want to do already?  Can you research what it is that they do and maybe even talk with them about what they do?\n\n* Are there businesses out there that are doing some a
12237
For very specific answers you would need to specify your region and industry. But the simple fact of the matter is that senior citizens don't hold the long-term value to most companies as younger employees.\n\nIf I'm running or building a company, I want people who are interested in being a part of my company for a long time. I want people who want to make my company better because they might still be working for me in 30 years. I want someone with drive and ambition. I don't want someone who might retire in five years, and I don't want someone who is wishing that they had already retired.\n\nOne last thing. When we see a practice or a pattern that we don't like, it's easy to slap a label on it and start whining. But when lots of business owners are making the same decisions about running their various businesses, it's usually because they've stumbled upon some sort of logic. If you think it's wrong, stop lamenting, figure out the logic, and then try to change it.