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As others see us

Perception is everything or nothing

Didn't find your answer?

Overhead in pub @ lunch time today from barmaid looking in my direction

"All accountants are rich - they get their money by charging people a lot for doing not very much"

How others see us used to matter does it still ? 

 

Replies (28)

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By lesley.barnes
26th Feb 2020 14:38

I wish on all counts!

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By Accountant A
15th Jun 2020 20:53

[08

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RLI
By lionofludesch
26th Feb 2020 14:47

Point out that there's no need to engage an accountant.

Everything's so simple these days. You can do it yourself.

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By johnt27
26th Feb 2020 16:15

Without wishing to pull the proverbial pin here I do wonder if both the deregulation of the accountancy profession and the multitude of professional bodies in the UK is in part responsible for such attitudes.

I actually think the latter is more damaging than the former as the accountancy profession rarely speaks as one voice and all the news tends to be bad (usually regarding audit!)

Thanks (3)
Replying to johnt27:
Hallerud at Easter
By DJKL
26th Feb 2020 17:02

You could be right though more fool those in the pubs.

Some of the accounts produced when there was a more heavily regulated sector (every company with an audit etc) whilst maybe looking better re presentation, were frankly just as **** as some of those produced currently, the only difference is now accountants more readily sing, "we're **** and we know it" whereas in days of yore a pretence of competence was preserved. (The practitioners who had qualified in the 1960s/early 1970s and in the 1980s/1990s had barely opened a textbook or updated their skills since)

I think they have gone like teachers in the eyes of the public, but I think the same may apply to all professionals, these days maybe we "have had enough of experts".

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Replying to DJKL:
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By johnt27
26th Feb 2020 17:36

I'm not sure if it's exclusively a UK thing, but I do have the benefit of being able to work overseas and with other accountants overseas and they seem (generally from not particularly scientific survey) to be held in higher regard.

I was pleasantly surprised when I mentioned to someone in Australia that I was an accountant and the first question back was: Chartered or Public. I've had similar experiences in the US and Canada. All 3 of these countries have less deregulation and only 2 or 3 professional accountancy bodies.

Going back to the question from the Aussie it actually makes the 4 years of study seem worthwhile and made me feel quite proud at the time as well as being taken aback. Whereas here in the UK we seem to devalue our chartered status and fail to articulate well what it actually means...

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David Winch
By David Winch
27th Feb 2020 01:36

I don't think this is exclusive to the accountancy profession. I work with a lot of solicitors and barristers and they are subject to the same suspicion that they are lazy & rolling in money!
David

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Replying to davidwinch:
My photo
By Matrix
26th Feb 2020 19:47

But they are.

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Replying to davidwinch:
RLI
By lionofludesch
26th Feb 2020 20:01

Yes, that one's true, David.

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Replying to lionofludesch:
David Winch
By David Winch
26th Feb 2020 20:09

Admittedly these figures are from 2013, but earnings in legal aid are still very poor -
"Carter now co-chairs Young Legal Aid Lawyers, a group representing more than 2,000 trainee and junior lawyers, students and paralegals in England and Wales. In 2013, a survey of their members found that 50% earn less than £20,000 a year, with 5% earning less than £10,000."

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Replying to lionofludesch:
By Duggimon
27th Feb 2020 12:21

We have several clients who are lawyers with a significant chunk of their income coming from legal aid and they earn pretty paltry sums compared with our own modest fees.

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blue sheep
By NH
27th Feb 2020 06:18

I think this question says more about the correlation between the number of pints consumed during your lunch and your increased feeling of paranoia - "she means YOU Bernard"

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By bernard michael
27th Feb 2020 10:04

I'm always abstemious so that I can earwig Man in the Pub's advice

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Replying to bernard michael:
Hallerud at Easter
By DJKL
27th Feb 2020 12:19

Do you log it as CPD?

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By Duggimon
27th Feb 2020 12:22

To be fair Bernard, the amount of conversations you overhear in that pub I'd be surprised to hear you spend more than a couple of hours in the office each day.

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Replying to Duggimon:
RLI
By lionofludesch
27th Feb 2020 12:35

Duggimon wrote:

To be fair Bernard, the amount of conversations you overhear in that pub I'd be surprised to hear you spend more than a couple of hours in the office each day.

Yeah - fair comment, Bernard.

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Replying to Duggimon:
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By bernard michael
27th Feb 2020 14:06

Duggimon wrote:

To be fair Bernard, the amount of conversations you overhear in that pub I'd be surprised to hear you spend more than a couple of hours in the office each day.

In my defence I must clarify that during the week 'tis but 1 hour for lunch and 1 on the way home. The timing is opportune to coincide with people with whom I have meaningful discussions about rugby, beer and local matters. Also present are 2 /3 men DTP who offer opinions to all and sundry

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Replying to bernard michael:
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By C Graham
28th Feb 2020 10:40

who goes to the pub anymore?

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Replying to C Graham:
RLI
By lionofludesch
28th Feb 2020 10:53

C Graham wrote:

who goes to the pub anymore?

Bernard.

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Replying to lionofludesch:
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By C Graham
28th Feb 2020 11:05

and what's he drinking? a double entry whisky or is he teeTOTAL?

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By [email protected]
28th Feb 2020 10:17

Its not that most accountants are overpaid, its that most barmaids are wage exploited and very much underpaid.

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Replying to [email protected]:
RLI
By lionofludesch
28th Feb 2020 10:22

andrewdinkenor-AT-compuserve.com wrote:

Its not that most accountants are overpaid, its that most barmaids are wage exploited and very much underpaid.

Which explains all the unprofitable pubs in the country.

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By why always me
28th Feb 2020 10:47

I would have posted earlier, but have been counting my money all morning!!

We have several clients comment on the owners new car / office / house and it used to bother me, but now I just say surely better to have a successful accountant than not and yes we cannot hide money and just smile.

Doesn't matter what job you have, there are always people who put you down when doing well. British disease sadly.

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Flag of the Soviet Union
By thevaliant
28th Feb 2020 11:00

Well, there is too much regulation in this country. Working in audit (and this is where I comment) if it were down to me I'd take private limited companies (of any size) out of audit, and if they did want a voluntary audit I would raise the shareholder threshold to 25% requirement AND require a notice to be lodged at Companies House each year by the shareholders to confirm this.

So, I'd agree that audits don't do very much (of limited or even no benefit) and might agree with the barmaids comments on that one.

Doing myself out of a job here.

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By Stalytax
28th Feb 2020 17:19

The 'bloke down the pub' has been the bane of my life for years, filling my clients' heads with confused nonsense about what they should be claiming for, how much tax they should really pay, or how much CIS refund they should really be getting. Oh, and National Insurance contributions are strictly voluntary, don'tcha know?

I do what DJKL's dad did, my slightly tatty 17 year old diesel Merc sits on the drive, that's the one the new client sees, only the clients I have had for years and the occasional car nut ever get to see the classic air-cooled 911 that is squirreled away out of sight. An accountant ex-boss of mine had a Roller, it impressed the showbiz type clients he was after, and annoyed the hell out of everyone else who (quite rightly) felt that their fees were helping to pay for it's upkeep!

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Jennifer Adams
By Jennifer Adams
29th Feb 2020 17:42

The richest person in our village drives a beaten up land rover.

My car is a Honda Jazz reg 52.... not replacing mine until it falls apart because the pot holes would ruin a 19 reg car.

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Replying to Jennifer Adams:
RLI
By lionofludesch
29th Feb 2020 17:52

Jennifer Adams wrote:

The richest person in our village drives a beaten up land rover.

My car is a Honda Jazz reg 52.... not replacing mine until it falls apart because the pot holes would ruin a 19 reg car.

We're on 20 reg from tomorrow .....

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Replying to Jennifer Adams:
Psycho
By Wilson Philips
29th Feb 2020 18:19

They say that in the UK we drive on the left of the road. Where I live we drive on what’s left of the road.

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