Friday, October 11, 2024

Fun names for accountancy firms, or internal names for teams

 There's a firm of accountants in South Africa called 'Doughgetters'. 

That prompted me to look out for other such names. I found these:
  • The Accountables
  • Accruing respect
  • The 3 Bs - Big Bad Bookkeepers
  • The cash kings
  • The counting consultants
  • The counting Countesses
  • Double entry deviants
  • Figure fraternisers
  • Ledgerndary
  • Ledger lovers
  • LIFO the party
  • Ruler of the results
  • Sir count-a-lot
  • Taxmanian devils
  • Three balance sheets to the wind
Others which are perhaps less positive include:
  • The Accountaholics
  • The bad assets
  • Between the spreadsheets
  • The cash cows
  • Dealers in debits and credits
  • Journal junkies
  • The pirates of the accountancy
  • Spreadsheet snoops
  • Sums of anarchy
  • Tax terrorists
  • The uncountables
  • Year end yearners

Friday, October 04, 2024

Reasons NOT to visit your accountant

 It all depends on who you are, but you may have a good reason NOT to visit your accountant. For example: 

  •  The structural engineer won’t go if he’s too worried the office will collapse on him. 
  • The resting ac-tor, worried they can't claim expenses against the novel they aren't writing. 
  • The owner of a paper shop whose business has folded. 
  • The owner of a Kipper business that went up in smoke. 
  • The Psychic who couldn't go because they hadn't foreseen the travel restrictions. 
  • The motor car manufacturer wont go because....don't get me started. 
  • The carpet maker feared the accountant would pull the rug out from underneath. They also didn't want to be nailed by the tacks man! 
  • The violinist didn't go as she didn't want to be accused of being on the fiddle. 
  • The drill operator thought it would be too boring. 
  • The watchmaker didn't have the time. 
  • The carpenter felt it would go against the grain.

Friday, September 27, 2024

10 ways to run your accounting firm like the Starship Enterprise

 I have always been a fan of Star Trek. Here are some crossover ideas for accountants:

  1.  Encourage staff to think like Spock when making deductions—logical, precise, and with the odd raised eyebrow.
  2. Take inspiration from the Borg and assimilate new software updates: "Resistance is futile." 
  3. Declare "red alert" status whenever a client’s tax return deadline is looming. 
  4. Offer “Q Continuum” consulting services for clients who want the impossible done instantly. 
  5. Schedule regular "away missions" to clients' offices—just remember to wear red shirts cautiously.
  6.  Say, “That’s highly illogical,” whenever an inspector challenges one of your client’s deductions.
  7. Raise the deflector shields, especially if HMRC contacts your clients about an investigation.
  8. Tell the managing partner, “I canna do it, Captain, I can’t defy the laws of physics,” if he or she asks you to prepare more than five tax returns a day.
  9. Install a "universal translator" to decode the jargon from clients in niche industries.
  10. Designate a "star date" system for deadlines, so no one can ever say they didn't know when the reports were due.

Friday, September 20, 2024

An ode to auditing

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? 

 Contributed by Stephen Purham and originally published on AccountingWeb

Friday, September 13, 2024

Which parrot should the accountant buy?

 An accountant went into a pet shop to buy a parrot for company in his office.

The shop owner showed him a pretty parrot on a perch and explained that it was ideal for an accountant as it knew some mild swear words but only used them when it heard someone say  "HMRC".

The accountant asked how much it was and the shop owner said it was only a hundred pounds.

The accountant felt he could invest more than this so asked if there were any other parrots.

"Certainly" replied the shop owner. "This blue one doesn't swear at the taxman but he will learn your clients' names and greet them personally whenever they come into your office. This one is for sale at one thousand pounds".

This was more than the accountant wanted to spend so he asked the price and talents of a third parrot that was sitting quietly in the corner of the pet shop.

"Aha" said the shop owner. "That's the most expensive parrot. It costs five thousand pounds".

The accountant was astonished any parrot could cost that much. "What the heck can it do?"

To which the shop owner replied "To be honest, I've never seen him do a darn thing, but the other two say he's their Senior Partner."

Friday, September 06, 2024

A customer complains to HMRC

Dear Inspector of Taxes 
I see from your website that you regard me as a customer. This makes you my supplier and I am therefore writing to tell you that I have decided to look for an alternative supplier. 

This is your last chance to improve your service. 

Let me tell you why my wife and I are fed up to the back teeth with the way you have looked after us of late: 

 - To help even out our cashflow, when we have surplus funds, we lodge them with you as a pre-payment of part of our forthcoming tax bill. However you hardly ever send us statements that show us where we stand with you and when you do send them, they are quite impossible to check or to understand what they mean; 

- You never seem to answer the telephone; 

- You and your colleagues take an age to deal with the enquiries my accountant has raised with you; and you seem happy to threaten distraint proceedings at the drop of a hat - never a good idea from a customer service point of view. 

If you really were a business you'd have gone bust years ago. You seem to have no idea about how to look after your customers. 

As you can see I have become a thoroughly disgruntled and miserable customer. 

I will never recommend your services to any friend of mine and I long to take my business elsewhere. 

The problem I face is that there doesn't seem to be any other suppliers of whatever it is you supply. 

Yours faithfully.

 ---- 
The above letter was written to the Tax Office by a taxpayer who copied it to his accountant Huw Williams of HM Williams, Chartered Accountants.

Friday, August 30, 2024

Paying tax with a smile

 At the end of a serious tax investigation, the Inspector of Taxes announced that the taxpayer owed over £10,000.  The Inspector continued: "You know, paying tax is your civic duty and you should be proud to do what's right. I'd like to see you settle your liability with a smile."


To which the recalcitrant taxpayer replied: "Thank Goodness for that. I thought you'd want money."

Thanks to Mike Thexton for this old joke.

Fun names for accountancy firms, or internal names for teams

 There's a firm of accountants in South Africa called 'Doughgetters'.  That prompted me to look out for other such names. I foun...