The depressing view of final-year students

By |2012-10-30T08:55:02+00:00October 30th, 2012|Uncategorized|

There was a depressing piece of news in the November 2012 issue of Economia (The ICAEW's replacement magazine for 'Accountancy'). President Mark Spofforth reports on research undertaken by Oxford Brookes University that contains some salutary lessons for anyone promoting the accountancy profession as a career choice: "Accountancy is boring, offers little intellectual stimulus and makes virtually no

Ten tax mistakes that could result in professional negligence claims

By |2012-10-26T09:19:39+00:00October 26th, 2012|Professional Negligence|

Omitting to consider the VAT implications of significant property transactions; Loss of tax credits as entitlement not claimed early enough – eg: when unincorporated business client suffers a loss; Missing the deadline to claim research and development tax credits or property related capital allowances; Omitting to reorganise group companies to reduce ‘avoidable’ tax charges; Failure

When I’m wrong, I admit it

By |2012-10-25T09:48:01+00:00October 25th, 2012|Uncategorized|

This post is a post-script to a couple of posts I originally wrote for the TaxBuzz blog. As I no longer update that blog I have to comment here. And, yes, I HAVE to comment. Two people with whom I worked some years ago have been found guilty and imprisoned for their part in a fraudulent tax

An easy way to avoid giving negligent advice

By |2012-10-16T14:08:47+00:00October 16th, 2012|Professional Negligence|

One of the pressures that all ambitious accountants endure is the need to advise on issues that do not arise every day. The more experience you have the more confidence you gain to know whether or not you have enough knowledge to give the advice without double checking it's right. Double checking might simply involve