Apportionment of HL
Holiday Season - Trade income
A holiday letting purpose is actually a dual purpose.
One for owners to relax another is to earn income most of the time.
We should be fair to tax them accordingly.
80% (8months) should be deemed trade income. If they dont run business, they should be taxed and get relief at the same time according to days they utlised the HL in favour of peak period.
20%(4months) is reserved for low season, owners retreat and repairs.
If the owners wish to take a holiday during the Peak season. be taxed and get relief on holiday letting in their personal income tax if they dont exceed 28 Days in a year (7%)
Live? Lie? or Die? Or Block?
Banzai, Losing one asxxxxx client is better than losing a string of incomes.
However, it also depends on what type of clients we radar in, if our sensors can detect potential corruption attitudes that will jeopardise our survival income and trust, we have to start planning inadvance to change our position to that of consultation than handling their monetary affairs.
I may have noticed that all 'dark accountants working in wee hours' come to no -good ends, in a matter of a few years at maximun. The business will fall and land in courts. It doesnt matter is its a Big Company nor small.
This is the truth about taking the Blinding way out. I have always believed in Accounting professionals to be guardians of Monies, however the recent horror has dimished my beliefs. But that doesnot throw us the rest of people whose professions and survival which we enjoy and love, to join the black sheeps.
what this industry needs is no longer the way that was run into the collapse of a few Global houses. We need to block out the corrupted chain like in a catepillas segmented body.
Its a disgrace to the Profession for early signs were shown yet no intelligent professional did anything.
Where do whistle blowers go to after exposing coverups that deceive the nations of middle class investors?
Why Does Investigation Starts after Collapse?
I have always had this question in mind. From WorldCom, Enron etc.
How come professionals arent aware of the early signs?
What is wrong with this industries of Auditors? Is it money blinds? or Commitment to clients and not clients customers?
Now that many people have lost monies, Who is then accountable?
Ha ha ha - so funny
I like the article about HMRC. It made me laugh.
Accountants Worked hard to be the Best not the worst
When money for food and survival is a t risk, most people have no choice.
But i believe in always warning to lay the burden on the conscious morality.
Else accidentally make a mistake in the accounts and admit it was a mistake.
and correct the mistake. At the same time, be prepared to leave the job and plan your future.
If you sincerely hate being told to do wrong things, Study Fraud or audit.
Accountants shift alot. There is no place we can stay still and sit still.
This is the truth. We do our best for the boss and clients and advise them to make their better. not worse. so they will regret they mistreated us. when we leave.