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 folks prepared to do that. There are a lot of jobs which are not fun, but which someone has to do, and accountancy is one of these, for the majority. Useful, but seldom intrinsically fascinating. Your tax accountant, or if you (or he) like, your tax consultant, will most likely have awareness of lots of matters related to money, so he's set to provide fiscal advice; 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 little like something to do with death, although it was actually about taxes. A big book too, like the Income Tax Assessment Act. It's your tax accountant's task to keep up with that ever-changing publication, seemingly 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 high school and undecided what to do? Get work as helper to a bookkeeper, and so start your working life as a sub-bookkeeper. Allegedly that's the only word in the English language with 4 contiguous letter pairs - your introduction to the accountant's private 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 folks prepared to do that. There are a lot of jobs which are not fun, but which someone has to do, and accountancy is one of these, for the majority. Useful, but seldom intrinsically fascinating. Your tax accountant, or if you (or he) like, your tax consultant, will most likely have awareness of lots of matters related to money, so he's set to provide fiscal advice; 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 little like something to do with death, although it was actually about taxes. A big book too, like the Income Tax Assessment Act. It's your tax accountant's task to keep up with that ever-changing publication, seemingly 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 high school and undecided what to do? Get work as helper to a bookkeeper, and so start your working life as a sub-bookkeeper. Allegedly that's the only word in the English language with 4 contiguous letter pairs - your introduction to the accountant's private double entry system.
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