CLEARING OUT WALLY ACCOUNTANTS
Anyone examining the benefits of out sourcing must come to an inevitable conclusion. Every company's entire accountancy function should be outsourced, preferably to practitioners in America and India.
The big beneift is cost. However, just as importantly, unlike many UK based accountants, overseas practitioners feel no obligation to act primarily on behalf of HMRC. Indeed many win clients by emphasising their ability to minimise UK tax using legal methods.
Speaking to overseas accountants is such a refreshing exercise. They're quite clearly on your side. At a time of severe recession, this is precisely what we need.
Too many UK accountants have had a culture of developing cosy relationships with HMRC to make things easier for themselves. Others have a bizarre sense of morality where they actively want clients to pay as much tax as possible, because that's what feel is the right thing to do. However, that's not their job.
The mesage is clear: focus more on saving your clients money or lose out.
Doubtless this posting will attract the usual share of whingers, trotting out an array of weak arguments for maintaiing the status quo. However, there will be others - hopefully many others - who will have seen this trend for themsleves, and now recognise it as an terrific opportunity to seize business from the laggards.
- Treatment of goodwill in Consolidation 315 11
- What code do you put expenses under such as tea & coffee? 99 3
- Pension Contributions Relief 479 15
- Claiming depreciation on a company vehicle 77 4
- capital gains on PPR 201 11
- Is there an expert in Excel out there? 505 8
- Any Scottish members out there? 11,751 440
- 100% Xero practice 2,454 46
- Fees for Property Tax Return 210 6
- Can I calculate a total amount on my freelance tax relief? 132 1
- Separating business for VAT purposes 130 2
- Underpaid Tax Options on SE 284 9
- PRR 357 13
- 40% rule for travel expenses 392 11
- Cash injection by shareholder 308 7
- Now Scotland has voted "No", when does England get to vote? 1,260 62
- Do I need a 13digit tax ref for a ct600 349 6
- Private portion of costs and expenses in Accounts 433 20
- How to pursue fraudulent trading 361 5
- Is it more beneficial to be a Ltd company? 249 3
- Raiders of the Lost Tax File 1,314
- Chartered Accountant in County Down N.Ireland 476
- National Insurance 369
- Non Resident 296
- Franchise income and costs 260
- Hands on experience of Digita 214
- Best way to take money from a business if you have unlimited EIS allowances? 191
- Employer's Helpline 164
- employment capital allowances 160
- CIS paid under reg 9 156