Is becoming a tax accountant a good way to earn a lot of money?
598248
If you are a tax accountant working for a firm you can make a lot of money.  I know someone who makes more than a million dollars annually.\n\nTax is a field that not many people go into but everyone needs one.   Demand... Supply... big bucks... if you can do it.... (I'm not talking about H&R Block or the like)
617241
The role of an Accountant may include aspects of the following:-\n\n- Tracking company expenses\n- Writing, error checking, analysing financial documents\n- Identifying problems and inefficiencies with the way the business is run\n- Ensure the correct tax is paid\n\nDepending on the job, the accountant may also perform audits of any client companies.\n\nA management accountant works at the cross-company level, looking at budgets, costs, assets, yearly targets, tracking year to date against and highlighting issues and areas that can benefit from streamlining efficiencies.\n\nYou will need a good head for figures and numbers, enjoy analysis, and will need a BA degree.\n\nJob prospects are good for graduates - lots of large firms hire many trainees every year. Training salary is low but once qualified the rewards can be very good.
872663
This is a great question.  As an accountant you should be able to do the financial analysis on this pretty easy.\n\nThe first answer to your question is that a Masters in accounting, especially on top of a CPA, has the potential to open many, many doors to you.  It will give you access to jobs that you would not be able to get without the masters.  Whether it will be easy to get those jobs is another question.  It depends.  Do you have a criminal record?  Are you articulate?  Do you have good work habits?\n\nTo do the economics consider these factors.\n\nCOST\nIf you study full-time, then in addition to the $40K price tag of the degree, you have the opportunity cost of lost income during the 1-2 years of your studies.\n\nThere are masters programs that cost as little as $17K and as much as $80K.  Have you picked the right one?  What is your objective?  A less expensive degree will open doors that simply require a masters degree.  Some exclusive positions require (it is illegal to put this in writing, but its true in the background) a "top-tier" degree - from an expensive school.  If you want those jobs, you'll have to cough up.\n\nSubtract from these costs any tuition reimbursement your company gives you, grants or scholarships, etc.  Don't subtract loans.\n\nBENEFIT\nA) How many years do you expect to work before you retire?\nB) How much extra do you think you might make, on average, per year, because of the Masters?\n\nMultiply AxB and see if it is greater than or less than your costs.\n\nMy guess is if you have 20 or more years left in your career, the masters probably will make sense.  Reason being that if all the masters has to do is give you one opportunity that increases your income by as little as $2K a year, the degree pays for itself.  Now if you have to stop work or you decide to do a more expensive program, the math gets harder.
896287
If you want your accountant to get information on your tax affairs, then yes.  But your new accountant should do this for you if they are worth their salt!  They'll fill out a form 64-8 and ask you to sign it to authorise them to receive information directly from HMRC re your tax.\n\nIf you do not want your accountant to be contacted directly by HMRC there is no need to tell them.
645132
I've done this and made pretty good money \nall you have to do is read emails(i dont even really read them) \nIt's not something that will replace your job, but is great for spare cash! \nno start up money\nhttp://hits4pay.com/members/index.cgi?rameybl
591394
No. I don't earn that much- I wish I did. I think I made around 26,000 last year.  And I didn't get any money back. In fact I owed over 500 dollars last year. Hey, I wish I could get a tax break!
440989
If you are an employee, salary sacrifice your pay. Take some of your salary as a laptop, extra superannuation etc.\n\nIf you run a business, incorporate it, and make sure you have a Personal Services Business, in accordance with the Alienation of Personal Services Income legislation.\n\nCompanies only pay a tax rate of 30%, but if you provide personal services, you'll end up having that company income attributed to your personal tax.\n\nYou can also minimise personal tax by hiring a really expensive accountant. They come up with the most creative ideas.
86995
I don't think you are going to find many places/positions where the STARTING salary is 6 figures.  I personally am working to create a six figure income with my home business... but am being practical and planning on it taking about 4 years to reach that goal.  For a 6 figure a year income - I'm willing to work hard and have found the perfect business to get me there.\n\nI do however feel that no matter what you choose to do... money should not be the only factor in determining which field you want to go into.
512765
Just do what you think possible my dear.. My uncle graduates as an accountant but now he runs his own agricultural business, my counsins one with MA TESOL and another one with BSc(Hons) Molecular Biology and now one works as a TV representer and another one as a Public Relations Officer. Good Luck !. Smooth seas never make a skillfull sailor, my dear.
1174373
get A LOT of money...
71605
Yes.  In my experience a good CPA is worth it.
12399
An accountant is someone who records numbers and knows the rules regarding how those numbers need to be recorded it.  Accountants are not necessarily investment gurus.  Plus accounts who work usually only earn a fixed salary unlike someone who is a sales person earning a commission.  If you are working for a commission your income is not fixed and you have the potential for much higher income.\nAlso, accountants don't make that much money.\nI know because I am an accountant. The money is decent but not great.
308915
The only way to make much money is to earn it then invest it wisely.  I see you posted this in the investment category... my question is if you have nothing (or little) to invest... why would you post this here?  Shouldn't you be looking for a way to increase your income so that you can increase the amount you have to invest.  Anyone who tells you you can make millions without any work or effort (or capital) is just looking to take what little capital you do have from you.  There are many programs out there that will allow you to create an income from home, but any that are legit will require time and effort.  If you are willing to committ to "work" to increase your income... I can show you an opportunity that has helped us to suppliment our income.  I am not referring to a get rich quick scheme... this is a legit business that you can work on your own around your current schedule.  I would not promise you unrealistic amounts of cash... just the training and support to help you to reach your goals... provided of course that you are willing to put forth the effort.\n\nFor more information...contact me through my yahoo 360 page.
153913
The employment offered is endless. You can check different sites and type in CPA, and see the results. There are positions all over.
148597
In short, you can't (serious money anyway), the system is structured against you. If you are not old enough to get a "real" job, I would suggest a papper route, it is good exercise, and it is probably the most money you can make before you are old enough to be employed. If you have the time and energy, you can even take up multiple paper routes, this will help you earn more money faster. But remember, there is alot of walking involved in paper routes, and you usualy have to get up VERY early (like 4:00-5:00am).\n\nGood Luck!
940424
Yes. It is income and in the US you are going to pay taxes on income. (MOST of it anyway). There is more that is needed to answer the question. If the earnings are from the sale of the account then you might have Capital Gain. As an accountant my best advice is to contact an accountant. Probably not much help for your question but there are too many variables to fully answer.
694916
I've been an EA since 1999. I really enjoy the tax work and don't mind the hours too much during season. It's less stress than most of my previous careers. 1040 tax work is not boring! It's like seeing a couple of hundred soap operas play out year after year.