Friday, September 10, 2021

Ten annoying myths about accountancy

  1. Accounting is just about maths
  2. Accounting services are expensive
  3. Accountants are boring
  4. Accounting is all about helping clients pay less tax
  5. It's important to have an accounting degree before you start
  6. Tax is payable by reference to turnover (rather than profit)
  7. Profit and cash are the same
  8. If there's money in the bank we must be doing alright
  9. You don't need an accountant if you use Xero or QBO
  10. Accountants all make loads of money and are loaded

Credit to AAT for their recent social media activity that generated the above suggestions.

No comments:

True story about an ex-chartered accountant

True story - An accountant in his sixties sells part of his practice. He keeps a few favoured clients and stops paying his Institute subs. ...