The interchageable accountant

I love this story of the interchageable accountant.

Peter wanted a new accountant. He spent ages asking around his local area and getting positive testimonials. 

He eventually chose a very reputable firm based on several recommendations.

Unfortunately, the day he went for his appointment he was running late and inadvertently walked into the accountants next door to the ones he was supposed to be visiting. 

They said they had no recollection of his appointment (not surprising really), but sent him to an office really quickly and in no time he was talking to his new accountant.

Peter says he has since been really happy with the service they provide and wouldn't change them - even though it did eventually become apparent that they weren't the firm he intended to approach. 

He's glad he did all that research!

Putting accountants out of business

Fifty years ago, in 1965, the Chancellor (Jim Callaghan) introduced his Budget Speech with the prophecy that he would so simplify the system that accountants would be put out of business. 

The 1965 Budget is particularly memorable as it introduced two new concepts - Corporation tax and Capital Gains Tax. 

At the time, famed (and now retired) tax specialist Adam Broke was a newly married breadwinner. 

He was initially concerned that perhaps there would be no future for tax advisers. 

He recalls that the Chancellor's ambitions were thwarted by the inclusion in his proposals of "small minded concepts such as close companies". 

As a result, Adam said he spent only milliseconds worrying whether he had chosen the wrong career. 

Little has changed over the last 50 years. Each tax change that purports to introduce simplicity into the tax system is similarly bedevilled by undue complexity, oversights and 'small minded concepts'.