How to open up my own Accounting FIRM ?
To open up a firm what kind of requirement is needed?
For example when 1st opening a firm which service is easy to provide? Auditing,Taxation or others?
To open up a firm what kind of requirement is needed?
For example when 1st opening a firm which service is easy to provide? Auditing,Taxation or others?
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Nothing, you just do it. Depending on what country you live in you'll need your CPA or ACCA for assurance (audits and reviews) work. You don't need any qualifications to begin doing tax, compilations, consulting or bookkeeping etc. The easiest service is whichever you're best at and whichever provides the most money with the least effort. If you didn't know that I would suggest not opening a business until you figure some things out.
What position suit me in big4 so I will have the experince to set-up my own firm? Advisory,auditting,taxation or assurance or even other?
None of them really. You should go to a middle market place, or do a year or two big 4 and leave as soon as you can. Big 4 deals predominately with issuers and as a small practice you won't have clients of that caliber. A lot of what you learn on the job will be for nothing when you start your practice. Smaller firms are basically just a bunch of accountants with their own book of business who share an office and other resources. Whatever you learn there you can take with you when you start your own shop. They'll basically be paying you to learn how to run your own place.
Good luck.
I think if you do anything long enough, you could probably gain knowledge to start your own thing, provided you have the resources. My comment on tax is that, in my opinion, you'd have an easier time starting your own tax firm than strictly an audit firm.
The key with starting your own firm, be it audit or tax or both, is to cultivate relationships and build a base of potential clientele. If you start a firm with no foreseeable clients, you're going to be in a world of hurt. It will be very difficult to pry away clients from a Big 4, namely big companies, for a multitude of reasons.
Also, might want to read up on this for professional guidelines:
http://www.irs.gov/Tax-Professionals/Circular-230-Tax-Professionals
In my opinion, tax gives you the best option of starting your own firm.
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