I am undecided, I hate the fact that Politicians react to public opinion. Believe in your own convictions, who cares what the Sun or Mirror think. If you believe it to be correct then do it and back it.
I actually believe in Truss' ideology, shame it wasn't presented properly.
So you know a lot of people who could earn £150K but only earn £50K because the tax system is a disincentive? I don't believe you.
No, I know people who could earn £60-£70K but restrict their output to £50K and I know people who could earn £150K who restrict their output so they earn £100K.
You are looking at it the wrong way round, it isn't about the incentive of reduced tax but getting rid of the disincentive of the current tax system. I know many who do not work to their full potential as the disincentive of tax over £50K especially those also receiving child benefit and the marginal rate of tax of 60% for those that earn £100K, why work harder if you only receive 40% of your income.
Some of these people could earn £150K and employ more people but the disincentive of taking home less than half of amounts over £100K stops them from being productive.
Who brings the profession into greater disrepute? Ellerby, or the dodgy FDs and auditors who helped bring the global financial system crashing down around our ears?
Mr Ellerby has unfortunately admitted dishonesty, A dishonest accountant does bring the profession in to disrepute.
My answers
I am undecided, I hate the fact that Politicians react to public opinion. Believe in your own convictions, who cares what the Sun or Mirror think. If you believe it to be correct then do it and back it.
I actually believe in Truss' ideology, shame it wasn't presented properly.
No, I know people who could earn £60-£70K but restrict their output to £50K and I know people who could earn £150K who restrict their output so they earn £100K.
There are quite a lot of them.
It is also about internal investment/company migration.
A Company could decide to relocate to GB based on the tax rate. I have had a Company migrate to Cyprus due to the tax savings.
You are looking at it the wrong way round, it isn't about the incentive of reduced tax but getting rid of the disincentive of the current tax system. I know many who do not work to their full potential as the disincentive of tax over £50K especially those also receiving child benefit and the marginal rate of tax of 60% for those that earn £100K, why work harder if you only receive 40% of your income.
Some of these people could earn £150K and employ more people but the disincentive of taking home less than half of amounts over £100K stops them from being productive.
I have given notice to IRIS that I will be not renewing next. I have had a 7%+ increase in fees every year for probably the last 10 years.
I asked why, they said it was for R&D. What the?
Mr Ellerby has unfortunately admitted dishonesty, A dishonest accountant does bring the profession in to disrepute.
ACCA had no choice.
I wish him all the best for the future.
2500 clients does not equal small
With a retention rate of 99.6 then if the 0.4 loss is just one client then they must have a client base of 2,500 - How did they win the small firm??