I was just reading a VAT tribunal case from earlier this year that should be a salutory lesson to us all.
Life is tough on the front line of accountancy. For more than five years, our intrepid correspondent has been bringing us news and views from a typical West Country practice.
Like most firms, we send out a standard letter to business clients before their year end reminding them to let us have their books and records as soon as they can (AFTER the period end that is - we have one client where we have to ensure that we send the letter after his year end every year, othe
It's June, and that can mean only one thing.
OK, maybe two things - awful weather, but more importantly, loads of work.
... but there might be some free labour out there! For many years I have given local secondary school pupils a week of work experience, just one a year, and we have found this far less disruptive that I originally feared. In fact, most of them have been quite useful.
Tourists and casual observers of West Country life might form the impression that the business community is dominated by farmers, seasonal businesses and old fashioned family-owned shops. In fact, nothing could be farther from the truth.
Up until now the team in my office have been looking fairly content. After all, in these difficult economic times they all still have jobs, and the trainees have had a small pay rise.
I have lost count of the number of times I have heard CPD speakers and so-called practice development gurus telling us we need to me more proactive. Apparently, compliance work is about to dry up and we're going to lose all our clients unless we start being "proactive".
Having a pint with a local businessman over the weekend he confided in me that he went to the same school as George Osborne - and Judge Jeffreys. Now there's an interesting connection. I don't think they were in the same year, but maybe young George fagged for the "Hanging Judge"?
- and ladies, of course - but mainly the gents as I suspect there weren't any females in the profession when time-based billing was invented.
The so-called phoenix company has been around for as long as I can remember. We have a few on our books, in fact probably more than I realise.