Member Since: 23rd Jul 2019
2nd Sep 2019
At the end of the day, how far should you go?
Client says make the payment, you say it is a scam and provide evidence to prove beyond reasonable doubt that it is a scam, client says make the payment.
If you refuse/contact a 3rd party, client could run to the institute and make a complaint which could take months to prove you did not act incorrectly but by then your practice could be in ruins.
How many times have you advised someone of sound mind that they were making a bad decision and they ignored you?
We can only advise or we can refuse to act for the client, we would get into serious trouble (particularly regarding insurance) if we decided to take actions contrary to our clients wishes because we disagreed with them.
What about powers of attorney, should we be acting when we feel the client's representatives are not acting in their best interest, will we actually know the full story?
2nd Sep 2019
I am not a football fan, but it is a concern when the big clubs are bought by wealthy consortiums/parties from overseas. Yes I guess there is an element of status in a Thai businessman owning a Premier League club back in Thailand as he is seen as successful etc...
However, how long before an owner looses interest / has cash flow issues / or simply decides they own the club so want more of a say in how it's run eg the club has to play x because he is a big name back home and it is good for viewings (even though he has 2 right feet).
How long before it is decided that there should be a world soccer league and we should have franchise teams?
One day you could find the local team from where you grew up has moved to the other side of the world, but you cannot setup a new club under the same name because you don't own the trademark rights etc.
I think the big names in football are not as safe as they think and fans are naïve if they believe that the status quo will be maintained.
I wouldn't be surprised if a big name EPL team falls by the wayside in the next 10 years, there is a bubble waiting to burst here.
27th Aug 2019
The problem is not paying tax but actually spending the revenue created from tax.
We have vanity projects like HS2 (in my opinion), when that money could be spent better, such as upgrading the country's telecoms network?
But this is the nature of politics and cyclical parliaments. Governments spend half their term blaming their predecessors for wasting money and creating a mess then the rest of the time on vanity projects to bribe us to vote for them at the next election.
"Oh we've not spent our budget for the year, better dig up a road somewhere and do some roadworks."
"But the gas company will dig up the same road in 5 months time to do important work, can't we wait until then and save time and money for residents?"
"Are you mad? We'll get next year's budget cut. Don't forget, people like us because we spend their money on useless things. Now pass me another funny fungi"
22nd Aug 2019
I agree that the biggest threat is from Humans, but my concern is/are the data centres themselves.
How susceptible are they to physical breaches?
Why not hack a data centre and infect it with ransomwear?
These may well be easily answered, but as the man in the park, it is a concern I can see.
22nd Aug 2019
I worked in a business where the owner was obsessed with everything being in the Cloud (I suspect his head might have been there).
I agree that definitely for some reasons, this is a fantastic idea, you can log in and work from a remote location (if your job allows), businesses can be more flexible to meet demand and manage growth as you don't need to worry about sizing up a replacement infrastructure (well you do but...)
For accountants, it's great, if you file VAT returns or prepare year-end accounts, you can log in and access information easily, if clients have issues, again it's easy to do it from the safety of your office without the need for extensive travel time or days away from the office.
I have encountered some pretty dross softeware along the way. Clearly designed with multiple features in but clunky as heck to use.
At the end of the day, these services cost money and once everything is in the cloud, how long before the prices ramp up? We have to start watching adverts before entering data as it's a great revenue stream for the software company etc?
I agree that there are some tasks you can't do as easily in the cloud, and it is perfectly prudent that you take a backup of your data.
Cloud is good, but when it rains, make sure you have a bucket to collect the water.
14th Aug 2019
I am in a position where I now work because I need to yes, but I have a good standard of living without having to flog myself half to death (almost happened, I was taken quite ill at work). I left practice behind because I found myself working almost twice as many hours as a couple of friends but on half the money.
I am not a King, I prefer to be more a Duke of Warwick type person.
14th Aug 2019
I suspect the change in the 'job for life' view that used to exist has meant a greater deal of uncertainty and hence the additional stresses it brings.
For me, one problem I had in the past was that I was often too helpful and polite, which maybe meant some people would take advantage and dump stuff on me. Again the worst offender was the 'least professional & traditional' practice I worked in, although ultimately the problem was contained to two individuals, one of whom would easily loose a battle of intellect with Pooh.
14th Aug 2019
I think Alejandra has raised a valid point. There are people (accountants included), who, thanks to technology, when an idea pops in their head, will raise an e-mail to the appropriate person.
I suspect in the majority of cases, it is meant for review at the appropriate working hour (it's just sent at a weird time in case the thought is forgotten).
What would be interesting is to see the demographics of those who expect an instant response to queries regardless of when it is sent and those who send queries as and when they occur but are content with a response in the normal course of affairs.
With a 24 hour global society, there will be more of an expectation for some services to be accessible 24/365, but I don't think this applies to our profession (at the moment anyway).
7th Aug 2019
Add the following note to your audit report :
"The events depicted in this report are fictitious. Any similarity to any company, events, person living or dead is merely coincidental"
Maybe the problem is that auditors don't want to work a zero hours contract for less than minimum wage?
1st Aug 2019
I worked in a Practice where the No. 2 saw me as a threat (I was qualified and he wasn't). I had just come to work there and I think he assumed I was going to usurp him.
He would pull junior staff off of my jobs without telling me (I'd only find out 2 days later) I'd then end up having to do the work in my own time to meet deadlines. Once he asked me to save up work to give to staff for the following week as he had nothing for them, which I did, only for him to pull them off my (becoming) urgent jobs to give them his 'more important but with a longer deadline' jobs.
The Senior Partner didn't want to know as the guy was a good friend and his No. 2 so I was left to put up with his carp.
The daft thing was that if they guy had bothered to check with me, he'd have found I had no intention of being a threat to him, having no ambition to stay on at the firm beyond my 1 year contract (the job was a stepping stone to somewhere else).