Asklemmy

43807 readers

874 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

What are functions that are not a part of your job that common wisdom would make people expect are a part of it? (lemmy.ml)

submitted 4 months ago by [email protected] to c/[email protected]

42 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 9 points 4 months ago* (last edited 4 months ago) (2 children)

I am an accountant and cannot even begin to count the number of people who asked me to do their taxes. I do not do tax accounting, never have, it's a whole separate department where I work, and at every job I've worked. I'm not sure the tax people even think of themselves as accountants.

[–] [email protected] 3 points 4 months ago (1 children)

Can you do a quick financial professional jargon check for us?

I have an accountant, and she's employed for her expertise in the UK tax code as applicable to small businesses.

I understand that there are also accountants who work like financial engineers, trying to find tax-efficient schemes for large businesses. What's your business?

[–] [email protected] 3 points 4 months ago

I am in sports now, we are international but employ consultants for international tax stuff. It's way too complicated. Our internal tax department does do some of the financial planning, yes, tax minimizing schemes as you say, working with the legal department. They also do some general reconciling of the tax liability accounts, sales tax and VAT on merch, that part is accounting but the planning stuff is more like legal work than finance.