Why do government officials have to keep making adjustments to the system, when they are not required? Why is there a need to simplify the system? Accountants in practice use conventional accounting concepts to prepare accounts, whhich is what they have been trained to do. Accountants fully understand how to prepare accounts and the majority keep to a high professional standard when doing this.
If government officials think that this will help the general public then think again!! I read an article recently wher tax officials are realising that the accounts submitted by Joe Public have quite often been submitted in error and are now they are seen as ripe for investigation!!!!
As a professional i think we have enough to get are heads around what with the general changes in each budget, the introduction of IBRXL and more without unneccessary changes dreamt up by goverment officials.
I have come to the conclusion that the "simplification of the tax system" and the "red tape in business" are topics that goverment officials give lip service to as it sounds good. In reality they have not got a clue as to what true proffesional have to put up with in respect to the interpretation of the tax laws relating to business.
My answers
HMRC consults on simplified tax accounts
Simplified Tax Accounts
Why do government officials have to keep making adjustments to the system, when they are not required? Why is there a need to simplify the system? Accountants in practice use conventional accounting concepts to prepare accounts, whhich is what they have been trained to do. Accountants fully understand how to prepare accounts and the majority keep to a high professional standard when doing this.
If government officials think that this will help the general public then think again!! I read an article recently wher tax officials are realising that the accounts submitted by Joe Public have quite often been submitted in error and are now they are seen as ripe for investigation!!!!
As a professional i think we have enough to get are heads around what with the general changes in each budget, the introduction of IBRXL and more without unneccessary changes dreamt up by goverment officials.
I have come to the conclusion that the "simplification of the tax system" and the "red tape in business" are topics that goverment officials give lip service to as it sounds good. In reality they have not got a clue as to what true proffesional have to put up with in respect to the interpretation of the tax laws relating to business.
Regards
Overburdened Accountant