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Showing posts from July, 2016

Auditors are people too - a poem

Auditors are people too, we’re not nasty and mean No need for fear and loathing whenever we are seen Don’t hide behind your desk or go and nervously take flight We’re only there to try to make sure everything’s all right So when we do a test it isn’t just because we can It’s to check your system’s working right all neatly spick and span When we ask awkward questions it’s simply that we care That your records may be incomplete with not all you need there We look for fraud it’s true but hope to find it? We do not! Dealing with fraud just adds more to the work that is our lot Yes auditors are lovely with a helpful task to do It’s only incidental when we make more work for you I hope that now you understand and so, what do you say Will you fight prejudice and hug an auditor today?
Penned by Stephen Brown

The Owl and the Pussycat may well have been into tax avoidance

A simple analysis suggests that this Edward Lear poem is all about tax avoidance.

The Owl and the Pussy-cat went to sea [going offshore obviously]
In a beautiful pea green boat,
They took some honey, and plenty of money, [evidently cash]
Wrapped up in a five pound note. [money laundering perhaps?]
Pussy said to the Owl, 'You elegant fowl!
How charmingly sweet you sing!
O let us be married! too long we have tarried:
But what shall we do for a ring?'
They sailed away, for a year and a day,
To the land where the Bong-tree grows [obviously a tax haven]
The big clue is in that penultimate line. Leaving the UK for a year and a day is the minimum period of absence required to ensure that they secured non-resident status under the rules then in place.

The above analysis was offered in 2009 by Andrew Hubbard, now Editor in Chief of Taxation magazine, when he was newly installed as President of CIOT, after the Chartered Tax Advisers' address on the anniversary of Edward Lear's birth…

The accountant song (Money all day)

This song seems to have been inspired by working for one of the big 4 accountancy firms