Friday, April 14, 2017

Advising fishermen on business structure

When the fisherman asked the accountant "How should I set up my business?", the accountant replied “As a sole trader of course.”

The fisherman replied "Sounds like a good plaice to start!"

I'm here all week....

Friday, April 07, 2017

Contraception and tax investigations


Now there's a combination of ideas you don't come across every day.

A hunky accountant and an attractive lady tax inspector have developed a strong attraction for each other such that they arrange to go off to a hotel to satisfy their lust.

When the subject of contraception is raised the accountant gets a first hand lesson in the difference between neglect, wilful default and fraud - as explained by the tax inspector:

It would be neglect if you said you'd forgotten to bring one;
It would be wilful default if you refused to wear one that I've brought with me; and
It would be fraud if you told me that you've had the op!

Are some tax advisers paying more than they need to?

Some years ago on my first visit to Penrith, Cumbria, to present a talk to the local CIOT branch, I took a cab to the venue.  The driver ask...