Any accountants mov...
 
Notifications
Clear all

Any accountants moving to St Croix?

 
islandjoan
(@islandjoan)
Trusted Member

If you are an accountant and moving to St Croix soon, or just moved here, please PM me...the place where I work needs to hire an Accountant!  thanks

Quote
Topic starter Posted : July 30, 2021 4:38 pm
speee1dy liked
speee1dy
(@speee1dy)
Expert

im not an accountant but an Accounts Payable and was a Bookkeeper 

ReplyQuote
Posted : August 3, 2021 2:40 pm
stjohnjulie
(@stjohnjulie)
Trusted Member

You have to be careful with stateside accountants.   The laws here are different.   Can’t tell you how many sets of books I had to fix that were done by statesiders over the years.  

ReplyQuote
Posted : August 4, 2021 3:44 am
jaldeborgh
(@jaldeborgh)
Advanced Member
Posted by: @stjohnjulie

You have to be careful with stateside accountants.   The laws here are different.   Can’t tell you how many sets of books I had to fix that were done by statesiders over the years.  

Does that imply you need someone qualified in the Territorial accounting code, if so what education is needed?  I’m not surprised there are differences from the mainland.  I did my Masters with a concentration in Accounting (many years ago) so with that as a foundation what added training would be required and how would I (someone) go about getting it?  I’m not looking for a job, I’m happily retired, I’m only trying to understand what someone new to the island would need to do to be qualified and how they might go about acquiring the necessary skills. 

ReplyQuote
Posted : August 4, 2021 4:05 am
stjohnjulie
(@stjohnjulie)
Trusted Member

I’m not an accountant.   So I can’t tell you much about that aspect.   The biggest problems I run into are with local taxes.  Mainly gross receipts and hotel taxes.  If you don’t set up your chart of accounts right you are going to be under filing and paying.  I’m always surprised at how many errors I see in the chart of accounts.   

ReplyQuote
Posted : August 4, 2021 5:54 am
Gator's Mom
(@gators_mom)
Trusted Member

There's a difference between an accountant and a bookkeeper.

There's a difference between an accountant and a CPA.

Not all accountants are tax accountants with familiarity in local tax code. But that can be learned.

GAAP applies in the VI.

ReplyQuote
Posted : August 4, 2021 8:12 am
jaldeborgh
(@jaldeborgh)
Advanced Member

If GAAP applies then anyone with accountant or even bookkeeping experience coming from the mainland shouldn’t have much problem coming up to speed.  This assumes that a CPA isn’t a job requirement as I would think this license would be specific to the Territory. 

ReplyQuote
Posted : August 4, 2021 10:12 pm
stjohnjulie
(@stjohnjulie)
Trusted Member

Most of the local taxes and forms are pretty simple.   The problem I constantly run into is with the chart of accounts.   I’ve had to completely change the chart of accounts in all but one to get proper reporting for local taxes.    And in every case to get good reporting for use in business analysis.  

And yes.   There is a difference between bookkeepers, accountants, and CPAs.  I always recommend having a good bookkeeper and a good CPA (which is a local board certified license).  

ReplyQuote
Posted : August 5, 2021 4:05 am
Close Menu