I think that I must be becoming an old cynic but this message seems like a lot that we've had on the site recently.
No real details of the person doing the posting.
Unsubstantiated offer to share new ideas
Link to a site offering business services.
Nashib Umer is the CEO of the company and there are one line messages from his company all over the internet.
I could be wrong but I don't believe that he's going to be a regular contributor to our little community on here.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Let's see. I give him a chance...If he is taking his business serious, he should be building good connections with people (at the end of the day learning and sharing new ideas can be benefical to everyone) and if not than he will disappear anyway - I hope... His company has nothing to do with me, I am not doing any trade in the US and I do not want in the future either but I would be actually interested how bookkeepers/accountants working,doing and getting business,etc in the States. I have to admit the posting is very identical to those recently. I don't think you are an old cynic or if you are than you are not alone. Let's be honest I do not trust anyone, sometimes not even myself.
Wish I could think of some idea's for doing business with the states. Get it right and it's a gold mine!
For accountants though it's a bit of a nightmare as their standards are rules based whereas ours are principle based.
Personally I believe that the UK system is geared a lot more towards producing a true and fair view of an entities affairs as there is less scope to find loopholes when you are keeping to the spirit of regulation rather than the letter of it.
That said of course many UK companies are not squeaky clean especially when it comes to revenue recognition even though we have at least three regulations specifically aimed at combating such (FRS5 application note G, Urgent Issue Task Force abstract 40 on service contracts and revenue recognition and SSAP9 Stock and long term contracts).
It could be of course that this thread is completely legitimate and Nashib is suffering a lack of responses due to so many other posters with similar messages.
Nashib, if it is the case that your message is completely legitimate you have my sincerest apologies for doubting you. Just post a few responses to peoples bookkeeping and accounting queries and you'll be welcomed like an old friend on here.
There's definitely room on here for some free expertise on US import and export regulations... And for that matter, what on earth is a teamster?
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
What is happening with IFRS in the States, is it 2014? This should change things.. About Nashib, his company has been incorporated 7 years ago as Dynamic Tax Services Inc. with 200 shares in Queens,NY and changed the name in 2009 to infotaxsquare.com Inc. 110-10 LIBERTY AVE 2ND FL RICHMOND HILL, NEW YORK, 11419 (I did my homework, NYS Department of State Division of Corporations Entity Information) so he should know if he does some networking,etc as you said talk to us here he could make more business than just spamming the net with ads I would have thought in 7 years you learn things, if he did not well it,s his problem. The more you spam the net the less you will come up in big search engines, they penalise you for this sort of things...
-- Edited by attilabenko on Wednesday 9th of June 2010 09:57:44 AM
Good question on IFRS. And much as I hate to say it I really don't know.
UK adoption was supposed to be 2012 then it was off, now it's back on again. So goodness knows when the US will adopt.
As expected the US don't agree with the changes that adoption of IFRS requires. When someone suggested International Financial Reporting Standards to the States I'm pretty sure that they read that as meaning the US system being roled out everywhere else in the world!
I think though that it's a done deal that sometime within the next ten years there will be a global set of accountancy regulations. Just hope that Sir David Tweedie manages to get as much of the UK GAAP in there as possible before his time at the helm is over... Mmm, think it was 1776 last time that we got to impose our laws and regulations on the states!
-- Edited by Shamus on Wednesday 9th of June 2010 10:29:04 AM
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
