Member Since: 21st May 2002
10th Jul 2020
"As an accountant, it is hard to understand why the total amount of profits distributed to partners in the audit practice would ever exceed the contributions of that practice."
But a practice is typically more than just an auditing practice: many firms include taxation, corporate finance, insolvency etc. I heard the expression once that "we are an ice cream and umbrellas business - we do well when it is sunny and we do well when it rains". The firm where I worked at the time had gone through difficult times when its tax consultancy, corporate finance and audit had all been hard hit by the financial crisis but they picked up a lot of insolvency work which kept the business and partnership intact. I wasn't a partner but there was an implication that the distributions took account of the swings and roundabouts. Was that a bad thing?
8th Jul 2020
The plain facts as outlined above may not convey the real background. The HMRC staff were probably putting themselves at risk by sitting in their car in this area. There may be sound reasons why they were prevented from working outside office hours. It may all look a bit shoddy but they have my sympathy.
1st Jun 2020
Thank you for writing about this. I hope you make a full recovery very soon.
1st Jun 2020
This sounds like great advice. Reminds me of a semi-retired older partner in a firm I worked in. He had a A4 page-per-day diary into which he wrote everything - by which I mean everything. He showed me a page once that included "had a sandwich at my desk for lunch". He told me that he had been involved in a significant issue once that went to the High Court and which hinged on conflicting statements. He told the judge that he had it all written down in his diary. Judge read the contemporaneous notes and held for the partner's side.
24th Apr 2020
I'm not sure about the headline on this article: "Court finds EY guilty of ignoring money laundering and drug smuggling activities". It seems to me that it was a civil court case so the issue of guilt or innocence does not arise, regardless of what the judge said. Stand by for a solicitor's letter, AW.
9th Apr 2020
It would appear that KPMG kicked the unfortunate Nicola out in a bit of a hurry at Christmas (from their website announcement on 3rd March 2020):
"Professional services firm KPMG has announced today that Warren Middleton has been appointed to lead the firm’s Manchester office.
Warren succeeds Nicola Quayle who, after two years in post, stepped down from the office senior partner role in December. Warren has been acting as interim office senior partner since then."
3rd Apr 2020
2nd Apr 2020
Heart goes out to those who were failed by our legal system where they were made to try and prove their innocence rather than the system proving their guilt.
Too many will never recover from this trauma regardless of any amount of money thrown at them. All I hope is that they realise that there are many, many people who believe in their innocence.
I scrolled down to comment and found that you had used almost the exact words I would have used.
27th Feb 2020
For me, it's all about attention to detail, so forgive me if I point out that someone has been afflicted by an overactive autocorrect. It's Eoin Tonge, not "Tongue".
13th Feb 2020
I'm going to say this with as much tact as I can: if you decide to use a yachting metaphor, you should choose the right tack.