3 Rules to Meet Career Goals & Increase Your Salary


– Most new accountants, if we’re defining new accountants as someone just out of school they come to the workforce with a number of positive attributes. They’re very confident, they’re extremely
collaborative, very adaptive, they challenge the status quo, they have leadership qualities, they have an entrepreneurial spirit and maybe for all those reasons that those individuals have a
right here right now approach. My advice to those individuals would be to think longer term. Your career is a marathon, it’s just comprised of
a number of sprints. Think about those future sprints and how do you think about
those future sprints? You develop what I call a career plan. First, write down your
goals in time increments. What do you hope to
accomplish in year one, year three, year five plus? Second, next to each of those goals I want you to write down how you plan to accomplish those goals. What specific actions
are you going to take to achieve those goals? Third, and this one often gets overlooked, is write down who can help
you achieve those goals. There’s absolutely no shame in leveraging others to
help you achieve your goals. The career plan is a
living, breathing document. You need to make sure you pull that out at least every six months. Put it on your calendar to
check in on your career plan every six months. Stuff happens, things get
in the way, things change and you’ll have to make
adjustments on the fly. (lighthearted instrumental music)

How to Pay Yourself – Salary Dividends & Benefits


♪ The best things in life are free ♪ ♪ But you can give them
to the birds and bees ♪ ♪ I need money ♪ ♪ That’s what I want ♪ ♪ That’s what I want ♪ ♪ That’s what I want ♪ (laughing) – Hi, everybody. Did you like that little
bit of lip synching there? Okay, so, today we’re
gonna be talking about how to pay yourself out
of your business, okay? So, here’s Scampi again, as you can see we’ve paid him, he’s got his salary there, and his dividends. Okay, so over to Mahmood, who’s going to go through some really important points, guys. – Thank you very much Serena. Thank you very much Scampi. Now, a common question that we always get
asked by business owners is how we pay ourself. Now, the most rehearsed route we know is you pay yourself a salary, when it comes up on the board. Typically, just rehearsed that, typically it just set
a relatively low level, so you can get some credit
for your state pension when you eventually retire. The rest is taken out as dividends. You got the difference here. You got a dividend free allowance here. We’re not gonna rehearse and go over the same old details. We’re gonna table to
illustrate the impact. The third thing that
is not often considered is actually the company
providing benefits to you. So let’s have a look first of all in terms of the salary. Summary of the general situation here. You’ve got three things to consider, your status as a taxpayer. So if your income is below 50 grand, salary, overall tax rate for company and yourself personally is 40%. You as an individual in terms you take it out as dividends. The overall tax rate is 25. Really good advantage for
dividends in that situation. If you happen to be what’s
called a high rate taxpayer, 50 grand plus, then paying yourself salary is an overall tax rate for
you and the company at 49. Pay yourself dividends is about 45%, so the gap really narrows, but dividends are still,
you know, more preferred. If you have to be in the blimey rate. That’s if you’re 150 grand a year plus, you know, great target to get to, then the salary route is 53% overall tax burden for
you and the company. Dividend rate is 50% overall. So the gap’s really narrowed, but still the edge is given to dividends. Now, route number three is benefits. So there are some benefits
the company can pay for which is all tax free, Tax Deductible. So things like providing a Mobile Phone, Health Screening, Eye tests and the like. In other situations though, it’s still worthwhile to consider the company actually paying for things you would pay for personally. And when you’re gonna look at it is, what do you need to take home to actually pay for those benefits. So what I’ve done here. I’ve summarised three scenarios. If you’re a basic rate payer, look at those wonderful savings. The company provides the benefit, you still pay tax, but you’re still better off. And it’s all about
money, in this situation. You’re a high rate payer, the savings become that much bigger. Again, that’s taking all those wonderful factors into account. And lastly, if you’re in the blimey rate, then the savings become much more bigger. So always worth considering. So hope you found this useful. – Okay, guys. So come on, get on Facebook, like us on LinkedIn. We know you look at it guys. Keep liking us, and head over to the website as well, have look at the blog in more detail ’cause there’s lots
interesting stuff on there as most of you will know if you’ve been on there. – So this is all from us
from the numbers guys. Hoping to turn your tax frowns – Into smiles. – [Both] Ciao! (upbeat music)

Guest Host Sean Hayes Negotiates His Salary with an Unsuspecting WB Accountant


Thank you. I am your guest
host, Sean Hayes. Ellen isn’t here today. She’s at a Little League
game with George W. Bush, so she’ll be back, I’m
sure, at some point. I’ve got to say, I
love doing the show. I really, really do. You always make me
feel so welcome. So thank you. In fact, this is my
third time hosting. So it’s– yeah. [APPLAUSE] Yeah. Thanks. It’s kind of like a third
date, which means you guys better put out
or it’s over, OK? But I do– I love
having this platform. I love how Ellen sometimes
uses it to discuss big issues affecting the country. And I would like to take a
stand myself and do that today. I’d like to address
the disparity of wages between men and women. Yes. [APPLAUSE] Here’s my problem. For hosting the exact same show,
Ellen makes way more than me. So as a man, I think I
finally deserve equal pay. Am I a hero for saying that? Kind of. I think I am. The point is, I think I deserve
a little more money than I’ve been making here, so I took
a trip to the Warner Brothers accounting office. They didn’t know I was
coming, but this gay boy needed to straighten things out. Here’s what happened. [MUSIC – RIHANNA, “BITCH BETTER
HAVE MY MONEY”] (SINGING) Bitch
better have my money. Y’all should know
me well enough. Bitch better have my money. Hi. I’m Sean Hayes. Hello, Sean Hayes. Hi. Is this the
accounting department? Part of it. I’m guest hosting
The Ellen Show. Somebody suggested I
speak to Ellen about this, but I just figured I would
just cut out the middle woman and just come directly to you. So how much money
can you give me? I’ll have to check
with the studio. I can sit and wait. Are they on speed dial? Because I– just so you know, I
saw a high school on The Ellen Show last week get
$20,000, so don’t tell me it’s not in there because I know
how you guys cook the books. Listen, I’ll tell you what. Why don’t you leave
your computer on, OK, and go to the bathroom, and
I’ll go ahead and maybe check some graphs and things out? We’re not allowed to. I don’t know how
much Ellen makes, but I assume it’s
a frickin’ lot. Could you just take a
little bit from her check and put it into my check? I don’t think I’m
allowed to do that. All right. So I’m just going to
give it to you straight. Ellen drives a Lamborghini,
and I drive a Hyundai Sonata. And I think we both know
that that’s not right. Just a little sidebar– I’m not even convinced
she’s a lesbian. She doesn’t even
like softball, OK? I once once caught her
staring at my butt. And she was– it wasn’t like
an, oh, that’s a nice butt. She was like, oh,
that’s a nice butt. And then she was
fanning herself. So I think it’s all smoke
and mirrors with her. All right. Just be honest. How much does Ellen make? Just tell me. Do you have that
on the computer? I don’t have that information. Can you just pull it up? I can’t. I kind of feel like
you’re lying, like you know how much she makes. No, I have no idea
how much she makes. I’m sorry. I don’t know. Well, if you can
double my salary, I’ll get you tickets to the
show, not when Ellen’s hosting, but when I’m hosting. Well, I want to thank
you for your time, and I’m sorry we couldn’t
reach an agreement. So would you mind
signing a waiver? If you could just sign
right there just so– it’s just a formality to get
you to appear on the show. Thank you so much. Thank you. Thank you, sucker. $1 million. $1 million. You just signed me $1 million. Oh, my god, what a loser. Oh, my God. This is fantastic. Thanks. Good luck, chump. [APPLAUSE] Yeah. Yeah. Can you believe
I got $1 million? Yeah, the bad news is I
went to Pechanga last night and lost it all.

Robert Half 2014 Finance and Accounting Salary Guide – extended


[Music]>>Do you know what you’re worth? Are you paying the right levels to attract
and retain top talent? Whether you’re an accounting and finance professional or whether you employ them, the Robert Half Finance and Accounting Salary Guide is an invaluable tool. The guide gives you information on salaries and hiring trends in the UK. You can find regional salary data for over
30 roles from junior accountant all the way to CFO. We collect our information from a wide variety of trusted sources, so you can rely on the data we provide to navigate today’s hiring
market. Discover what other incentives and benefits professionals really want from their employer. All of this information and more can be found within the pages of the finance and accounting salary guide. Visit roberthalf.co.uk and download your copy today. Robert Half – knowledge worth knowing.

SmartPayroll – Learn How Simple It Is To Change An Employees Pay Rate


(upbeat music) – [Instructor] Hi, this video is for changing an employee’s pay rate. First of all, come to
the top of the screen and click on Employee Details in orange. Then select the employee that you’re wanting to
make the changes for. Once it’s highlighted in blue, come to the left hand menu and
click on Employee Payments. Come down to your Hours and Rates section. Come to the table, and when
you see Effective Date, you can enter the date that you’re wanting that new pay rate to be effective from. Make sure, if you want
it to be at the beginning of a pay run, to check the
date the pay run started. And then next to that, type
in their new amount of pay. Once you’ve completed those two boxes, scroll to the bottom of
the screen and click Save. The new rate will now take
effect from the date you entered.

CAREERS IN BA ECONOMICS – MA,P.hD,Teacher,Economist,Job Opportunities,Salary Package


Hello All..This is Aparajita from Freshersworld.com Welcome to our video channel on jobs and careers Today I will be talking about the career opportunities in B.A Economics Economics is a field which will never dwindle.
There might be an increase in technology in the last century or so, but there has been
no difference whatsoever for the need of economists in the world. In India, there has been a serious
growth in the jobs available for individuals with degrees in economics. There are many
reasons that are quoted for this significant growth. Privatization of banks, globalization,
open markets are some of the few reasons as to why job options for people with degrees
in economics have increased in India recently. There are many choices available in both public
and private sectors for people with degrees in economics. The public sector jobs offer
you financial stability and also offer you a definitive level of prestige in the community.
The foremost of the government jobs available to you are in the Indian Economics Service
(IES). These are some highly sought after jobs, and it helps to be a great student while
applying for these jobs. Then, there are jobs in the reserve bank of India, PSU’s and
other public sector banks. There are quite a few job openings in the
private sector as well. You can apply for a job in many multinational companies, BPO’s
in the management domains. You can also consider the option of applying for the many private
sector banks and other such institutions. A career as a journalist is also viable with
your degree in economics. You can pursue your goal of becoming a journalist by becoming
an economics journalist at a newspaper or a magazine. If you want to further your education, then a master’s degree in economics is the most
logical option. If you are considering a private job, the an MBA degree could be quite helpful.
You can also consider the option of becoming a lawyer by studying LLB too. There is a good
range to further your studies in, and there is absolutely no lack of good colleges in
the country for this. These are some of the jobs you can choose
with your degree in economics: • Accounting
• Auditor • Banking and Finance
• Insurance Investment • Marketing
• Stock Broker • Media Analyst
• Management • Manufacturing
• Advertising • Communication
• Actuarial • Education and Research
• Retailing • System Analysis The pay packet is quite lucrative too. As a fresher, you can expect anywhere between
4 and 8 lakhs per annum, in the field of economics. There is a huge potential for growth. And,
for some of the more brilliant students among you, the pay packet can be further improved.
A Masters degree will further help your cause. You can get many better paying jobs with a
master’s degree in economics, or with a MBA degree.
There are obviously a lot of career choices available for you. But, the truth is for you
to proceed further you need to put in more effort and time into your education. You can
get great advice to take your career further ahead at freshersworld.com. Freshersworld.com
will also allow you to choose the job you like from both the private and public sectors we will be back with more such videos so stay connected with us do not forget to hit the subscribe button below

6.12.2-Posting-Salary-Expenses-Into-The-General-Ledgers


Just like all transactions, once you have
journalized the Salary Expenses in the General Journal, you should post to the General Ledger.
In this case, you will be posting to five different accounts just to post Mr. Simpson’s
salary. While this example illustrates just one employee, you would need to do this for
each employee. You will start with the salary expense debit
of 315 to General Ledger account #509, Salaries Expenses. You will also add that debit to
the debit total. Next you will post the $32.00 credit to the
Employee Federal Income Tax Payable account #210 and add it to the credit balance of that
account. Once you have taken care of Federal Taxes,
you will need to post a $19.53 credit to the Social Security Tax Payable account and add
that to the credit total of account #220. The next post will be your $4.57 credit to
account 225, Medicare Tax Payable. Don’t forget to add that credit to the credit total
balance in that account. Finally you will need to post the amount of
Mr. Simpson’s net pay of $258.90, which is credited to account number 101, Cash in
Bank account. This credit will be subtracted from the Debit balance and the new total will
be recorded in the debit balance total. There you have it! You’ve posted the Salaries
Expenses to the General Ledger. Have you noticed how much easier this is getting to be with
practice?

Salary vs Dividend


Should you take out money in the form of salary
or dividend from your company? Today we will first talk about the pros and
cons of the two, then I will walk you through couple of examples, then I will tell you what you should think about before making the final decision, and in the end talk about some points for you to consider going forward. Lets get started with salary first.

CAREERS IN CHARTERED ACCOUNTANCY– ICAI,CA,CPT,IPC,GMCS,Job Opportunities,Salary Package


Hello all,this is Devyani from freshersworld.com.Welcome to our video channel on jobs and careers .Today i ll be talking about the career opportunities in chartered accountancy. Chartered Accountancy is a very lucrative
career option. It is the core of all business undertaking, a charter accountant (CA) is
a very important and integral part of top management. This career field is highly respectable
profession. A CA looks after broad financial and accounting matters involving taxation,
auditing, financial planning and making important strategic decision pertaining to investment
and collecting money through share capital. This is a very challenging as well as highly
rewarding career for those who love to juggle numbers and have keen eye for financial analysis
and outcome. Career options after completing chartered accountancy program are very exciting.
It is the first step to rewarding careers in fields like finance, fund management and
investment consultancy. Those aspiring for a career in Chartered Accountancy
have to complete 10 plus two education. Earlier, one could enrol for CA program only after
completing graduation and had to undergo articleship of five year as training. With changes in
the norm from 1992 Institute of Chartered Accountants of India (ICAI) allowed candidates
to take foundation courses after completing 12th standard.
It is essential to understand that ICAI conducts Chartered Accountancy courses and has its
head office in Delhi and five regional offices in Mumbai, Calcutta, Kanpur, New Delhi and
Chennai. It also has 81 branches functioning under its centres located regionally. ICAI
has renewed its system in 2006 and introduced Integrated Professional Competence Course
(IPCC), Common Proficiency Test and CA Final test.
The first exams that aspirants have to clear is CPT which is an entry level test that examines
students grasp on four subjects that include accounting, general economics, mercantile
laws and quantitative aptitude. After clearing this test, the student starts training for
IPCC course that is developed to improve knowledge and understanding of accountancy. Through
this course aspirants are groomed in aspects of auditing, taxes, and business communication
and information technology. CA Final stage aims at covering advanced appliance
of knowledge in main subjects like strategic financial management, advanced management
accounting, financial reporting, advanced auditing and professional ethics and information
systems control and auditing. Students are given overview on Vat, e-governance and other
international taxation knowledge. Articleship is required to be done after IPCC course for
three years under a CA or chartered accountancy firm.
The people who wish to take up this career should start early and register themselves
with Board of Studies and start preparation for entry level exams along with its 10+2
programs. Those with commerce background have an edge over other streams as they have basic
understanding of accountancy and corporate laws.
After training and clearing all exams conducted by ICAI, candidates are required to take membership
in ICAI, before starting practice in CA. A Certificate of Practice is given with yearly
fee of Rs 400. Salaries varies from CA Intern (starting with Rs 7,500 – 15,000) to CA
Final (starting Rs 12,000 – 30,000) based on the firm or
CA under which they work.For CA related job and opening, students can check out www.freshersworld.com to get an in-depth understanding of this career. We ll be back with more such videos so stay connected with us and do not forget to hit the subscribe button below.

Free Salary Report for Accountants and Auditors


– Let’s talk about compensation. Do you wanna know what
you’re worth in the market? Would you like to know what you would get if you left public accounting
and went into industry? Awesome. I can tell you. Let’s talk about compensation. What I do is I benchmark
people all the time. I created a report and it
gives all the different offers that were made in 2016 and gives you an idea of what
the base salary you can expect based on job market, what kind of percentage
increase are you looking for and also it helps you really benchmark where your career can go
within an industry role. If you want the report, remember, click below, it’s free, download it. What I do is help public accounting talent move into industry roles, in roles that really progress their career into very senior executive roles. I work across the country,
let me know if you wanna talk. [email protected]