There aren't many children's stories about a tax accountant, a bookkeeper or an actuary. We can't use the word boring here, but it'd be true to assert that those folks that do your accounting, prep your tax return, your business activity statement, who work out your PAYG and your capital gains tax, aren't typically considered as exciting.
Youngsters can be fascinated by anything, but perhaps not a tax accountant. There are children's stories about carpenters, farmers, doctors, train drivers, and obviously queens and kings. The nursery rhyme tells that "the king was in the counting house, counting up his money". But an accountant is someone who counts other peoples money, does other peoples accounting and bookkeeping, and who knows what BAS and GST and CGT and depreciation schedules essentially are.
Accountants belong to groups of accountants with names like Organisation of Accountants, Nationwide Tax and Accountants Organisation, the Money Services Accountants Organisation. There are equivalent names for groups of bookkeepers; there's even the "Australian Organisation of Pro Bookkeepers", which might carry the implication that there is, somewhere, a grouping of non-professional bookkeepers, who process invoices and prepare financial statements just for the sheer fun of it.
We should be thankful that there are folk ready to try this. There are plenty of jobs which are not fun, but which someone has to do, and accountancy is one of these, for most of the people. Handy, but rarely intrinsically engaging. Your tax accountant, or if you (or he) like, your tax expert, will generally have knowledge of heaps of matters related to money, so he's kitted out to provide monetary guidance; superannuation, family trust structures, self-managed funds, dividend imputation, tax return and franking credits - this list could go on and on but you will soon lose concentration, unless you are an accountant yourself.
We are told the 2 great certainties in life are death and taxation. The Doomsday Book sounds a bit like something to do with death, though it was really about taxes. A giant book too, like the Earnings Tax Assessment Act. It's your tax accountant's task to keep abreast of that continually changing publication, allegedly of over five thousand pages.
There's no doubt that tax accountants are important in keeping the wheels of business humming. It is due to the fact of this that many youngsters leaving college go into bookkeeping, then actuarial studies, and on to chartered accountancy. And the CPA - the Certified Practicing Accountant - is a qualification valued in business and respected in the community. That's your tax accountant - authorized, and practicing on your tax return.
Finishing highschool and not sure what to do? Find employment as assistant to a bookkeeper, and so start your working life as a sub-bookkeeper. Reputedly that is the only word in the English language with four contiguous letter pairs - your entree to the accountant's novel double entry system.
Youngsters can be fascinated by anything, but perhaps not a tax accountant. There are children's stories about carpenters, farmers, doctors, train drivers, and obviously queens and kings. The nursery rhyme tells that "the king was in the counting house, counting up his money". But an accountant is someone who counts other peoples money, does other peoples accounting and bookkeeping, and who knows what BAS and GST and CGT and depreciation schedules essentially are.
Accountants belong to groups of accountants with names like Organisation of Accountants, Nationwide Tax and Accountants Organisation, the Money Services Accountants Organisation. There are equivalent names for groups of bookkeepers; there's even the "Australian Organisation of Pro Bookkeepers", which might carry the implication that there is, somewhere, a grouping of non-professional bookkeepers, who process invoices and prepare financial statements just for the sheer fun of it.
We should be thankful that there are folk ready to try this. There are plenty of jobs which are not fun, but which someone has to do, and accountancy is one of these, for most of the people. Handy, but rarely intrinsically engaging. Your tax accountant, or if you (or he) like, your tax expert, will generally have knowledge of heaps of matters related to money, so he's kitted out to provide monetary guidance; superannuation, family trust structures, self-managed funds, dividend imputation, tax return and franking credits - this list could go on and on but you will soon lose concentration, unless you are an accountant yourself.
We are told the 2 great certainties in life are death and taxation. The Doomsday Book sounds a bit like something to do with death, though it was really about taxes. A giant book too, like the Earnings Tax Assessment Act. It's your tax accountant's task to keep abreast of that continually changing publication, allegedly of over five thousand pages.
There's no doubt that tax accountants are important in keeping the wheels of business humming. It is due to the fact of this that many youngsters leaving college go into bookkeeping, then actuarial studies, and on to chartered accountancy. And the CPA - the Certified Practicing Accountant - is a qualification valued in business and respected in the community. That's your tax accountant - authorized, and practicing on your tax return.
Finishing highschool and not sure what to do? Find employment as assistant to a bookkeeper, and so start your working life as a sub-bookkeeper. Reputedly that is the only word in the English language with four contiguous letter pairs - your entree to the accountant's novel double entry system.
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