Tuesday, November 25, 2008
Michael, an accountant, convinced he'd won, quoted the bible. Even before God created Adam he created an orderly universe from chaos. An orderly universe implied the involvement of accountants to monitor and keep track of developments. By definition some of the angels must have been accountants. There were no taxes so no tax inspectors around that early in human history.
Alastair, a politician (the Chancellor no less) wasn't beaten. He listened patiently and then simply said: "Who do you think created the chaos?"
Sunday, November 23, 2008
Friday, November 21, 2008
Thursday, November 20, 2008
His horse has already died of thirst.
He's crawling through the sand, certain that he has breathed his last breath, when all of a sudden he sees an object sticking out of the sand several yards ahead of him.
He crawls to the object, pulls it out of the sand, and discovers what looks to be an old brief case.
He opens it and out pops a genie. But this is no ordinary genie.
She is wearing an HMRC Tax Office ID badge and a dull grey dress.
There's a calculator sticking out of her breast pocket, a bulging file in her hand and a pencil tucked behind one ear.
'Well, cowboy,' says the genie... 'You know how I work. You have three wishes.'
'I'm not falling for this.' said the cowboy. 'I'm not going to trust a Tax Office genie.'
'What do you have to lose? You've got no transportation, and it looks like you're a goner anyway!'
The cowboy thinks about this for a minute, and decides that the genie is right.
'OK, I wish I were in a lush oasis with plenty of food and drink.'
***POOF*** The cowboy finds himself in the most beautiful oasis he has ever seen. And he is surrounded with jugs of wine and platters of delicacies.
'OK, cowpoke, what's your second wish.'
'My second wish is that I was rich beyond my wildest dreams.'
***POOF*** The cowboy finds himself surrounded by treasure chests filled with rare gold coins and precious gems.
'OK, cowpuncher, you have just one more wish. Better make it a good one!'
After thinking for a few minutes, the cowboy says... 'I wish that no matter where I go, beautiful women will want and need me.'
***POOF*** He is turned into a tampon.
The moral of the story:
If the government offers you anything, there's going to be a string attached.
Wednesday, November 19, 2008
Could this happen to you?
There was an initial phone call from someone wanting help with their tax. After a brief conversation Keith invited them in to meet with him to see if he could help (and to see if he wanted to take them on as a client). On their arrival the 'client' looked around and expressed a little surprise that the office was smaller than he'd expected. He was also surprised to learn that Keith was an accountant as well as a tax adviser. He just wanted tax advice.
They sat down together and the 'client' started to explain his tax problem. When Keith raised the question of fees the 'client' was shocked. He'd assumed that tax advice was free.
After a few moments it then became apparent to Keith why the 'client' was so confused. He thought he had called The tax office. HMRC.
Monday, November 17, 2008
Expect to hear me praising VISTA in future.
I realised that VISTA is the perfect acronym for the Tax Advice Network. It’s what you get when you come to our website:
Vetted Independent Specialist Tax Advisers. VISTA.
Friday, November 14, 2008
“.....and that was 2% over LIBOR!”
Monday, November 10, 2008
2.Working Capital does not
3.Liquidity tends to run out
4.Return on investments never will
5. Bottom line is only the tip of the iceberg.
6. If you need accounting to prove it, it was probably not true in the first place
7. There is nothing more permanent than a temporary account
8. An accountant is a man hired to explain that you did not make the money you did
9. Accounting is economics without assumptions
10. Obviously accounting pays, otherwise there would be no accountants.
Monday, November 03, 2008
Your tax adviser leads a stressful life dealing with HMRC (the Taxman) and cannot cope with you being depressed as well.
2. DO NOT EXPECT YOUR TAX ADVISER TO BE SYMPATHETIC WITH YOUR PROBLEM
Your tax adviser's ethical code requires him to be objective and independent.
3. DO NOT COMPLAIN IF YOUR TAX ADVISER'S ADVICE LOSES YOU MONEY
You must appreciate that tax IS DIFFICULT and an occasional experience of negative income is only to be expected.
4. DO NOT ASK YOUR TAX ADVISER TO EXPLAIN WHAT HE'S DOING OR WHY
Unfortunately the jargon inherent in tax matters is not compatible with explaining it to someone like you in a way you would understand.
5. BE PREPARED TO TRY FIENDISHLY COMPLEX TAX SCHEMES WITH ENTHUSIASM
Though the planning may be ineffective and cost you a lot, the resulting thesis on the deficiencies of such schemes may result in the tax adviser acquiring further letters after his name.
6. PAY ALL YOUR TAX ADVISER'S BILLS PROMPTLY
It is an honour and a privilege to contribute, however modestly, to the well-being of such doughty fighters of Government rulebooks.
7. NEVER GO TO JAIL FOR TAX FRAUD WHILE EMPLOYING A TAX ADVISER
This will only cause your tax adviser unnecessary publicity and embarrassment.