Showing posts with label Accounting. Show all posts
Showing posts with label Accounting. Show all posts

Thursday, December 14, 2017

To Be A Fly On The Wall

To live is to be at war and so every morning, the first step to a productive and rewarding day is to do battle with yourself. On the drive to work, begin the propaganda: today, no memes, you sit down at your desk early and get shit done and later, alcohol! But it is also a good idea to remind yourself that even the best general suffers a defeat and the first half hour spent looking for a good reaction pic is what the warmongers refer to as a tactical retreat.

Learn sick fidget spinner trick for the next half hour.

Well, seven hours to go.

Better check again. Yep, still seven hours. Fuck.

Briefly debate whether to have Zooper Dooper now, instead of at the regular hour. Instead, print reaction meme of Frozen princesses and their viewpoint on penis size and stick up in another team’s work area.

Finally, people arriving into work. While not overjoyed that there are now people filling the empty office, still overjoyed that the empty and pointless platitudes thrown at each other are using up valuable time spent not-drinking. “Yes, it is early, how astute”, “Oh god yes, morning coffee, amirite!”.

Listen intently as catholic Indian lady from bookkeeping begins story with, “Husband kept me up late, now I have a sore back” but then doesn’t relate a sexual mishap, so lose interest, but then says it was because she was cooking curry, so interest back, but hasn’t brought any curry or the rumballs she promised, so devastated. Fucking rollercoaster of a conversation.

Look suitably appalled when people notice a Disney picture hanging in the audit team area. Begin a debate on whether it is more appropriate for Anna to be the shocked one rather than Elsa, because you know, Elsa always seemed more cock hungry. Reiterate again how disgusted you are and how this is inappropriate in the office. Suggest HR be alerted.


Look for and find the work intranet and yes, there are HR templates. Begin to complete a harassment complaint about the picture but notice we have a job opening for a Graduate Accountant so start an application for that instead. Two things at once! Feel mentally drained.

Lean back and tell person in next desk how overworked we are. He agrees and then spend 15 minutes complaining about the management not providing us with the staff we need, which of course is a reminder so tell him you need to get back to “it”. “It” or course being the graduate application for the vacant position in his team.

Finish job application and celebrate hard work with a Zooper Dooper. Be absolutely amazed they have a ‘Jaffa’ flavour and further amazed that the flavour is on target and pretty good. Setup up reminder in Calendar to write them something nice, too busy right now.

Like a steam-roller now, more work-cyborg than man, open client file and begin reviewing work prepared by outsourced team. Lose interest in continuing work in this profession and shortly after, life, because it seems to be submitted by accident, as if someone vomited onto a spreadsheet, the bile and half-digested food metaphysically manifesting into an excel file and then, probably through achieving sentience, sending an email saying it is ready for review.

Be pissy and ask catholic Indian colleague to ring up her cousins or whatever relatives they must be in Outsource team and call them useless fucks. Call her racist when she refers to “white-man” problems and remind her about missing rumballs and the almost palpable taste of betrayal.

Find solace in iced coffee and chocolate éclair from over the road. While eating, remind colleague what a rough day it is.

Create pact with former personal assistant (who was shifted to corporate team, because reasons) to follow a meme and replace all instances where you want to say “fuck you” with “OK, great!”.

Be asked by the GM to write up a general feedback/review of outsource team. Tell GM that this is likely going to take a few hours because there needs to be an angry version and a sanitised version. GM doesn’t have half an hour to debate the point so leaves you to be you. Draft feedback confirming the current procedure has left us as emotionless husks; empty vessels circled by shrieking ghosts and hyperbole.

Have spirited discussion with other manager on feedback provided about Outsource team. Find out other teams do things differently, or to be phrased more appropriately, they are wrong.

Due to being swamped with just, everything, have late lunch of zucchini slice made gluggy with gluten free flour. Find out from google whether gluten free anything is a war crime.

Research how to have something declared a war crime.

Home time. Celebrate hectic day of intensive whatever it was by drinking and dying on the inside, just a little bit more.

I stared too long.
It burns.

Thursday, December 7, 2017

Under My Wing

Holy fuck, I have been asked to provide guidance on some software changes to our offshore team who we affectionately refer to as the “Inglorious Indian Basterds”. Well I call them that anyway. For some reason our wise management was happy for me to liaise with the ‘Basterds directly, which showed a great deal of faith in me, or in another more accurate way, it showed an uncommon lapse of judgement on their part.

Dear Team India

Thank you for your feedback, we take your comments very seriously and in me you can be rest assured that the firm has provided their best resource to guide you. Well in truth I can’t claim to be the best, but on a good day, at least in the top 20. In any case I will be your guide and champion, like some offended mother goose spreading her wing protectively over a new clutch. If anyone or anything bothers you I will hiss and chase those pricks off the network, honk’n and spitt’n, my solemn word to you: I will fuck them up.

So yes, we recently put through some global migrations to the ledgers and because this is the real world and because our software vendor is like a black hole of stupid, some fixes are required. Before you throw up your hands and call everyone a bunch of thieving cunts for making your work life so much more difficult, for effectively stealing your time, I should warn you: that doesn’t solve anything. I know that because I did the same thing. As your guardian-goose, I am free to offer minor and offhand criticisms during this and all future commentary and right now I feel you are lacking in one important life lesson:

Assume you are about to be fucked over. Assume that in the next minute, hour or week, something will happen which will cause you to throw up your hands and wonder why this and why now. Here’s the crux, God is not real. Your elephant God with the titties isn’t real. This is life and life is cruel. It punishes us for having the gall not just to exist, but to live. You get out of bed and look forward to a bright day? Don’t just expect to be challenged for your own hubris. Demand it, because you are a fucking warrior.

So again, we thank you for the screenshot of the ‘error’ message you provided along with a garbled email that I assume you typed out while having a stroke. Going back to my point above, I recognise the half hour I spent deciphering the message not as karma, but as existence itself challenging me. Well played by young gosling. Well played.

Pictured: IT Department Head
To answer your main question, the error message wasn’t an error at all, it was just a slight change to the wording. As an Australian we have a healthy fear of the unknown, of dark, unknown places where we are expected to place our hands (even if metaphorically). This is because these dark places are full of shit that can kill us (even if metaphorically). I remind you that you are a warrior so click that shit with the confidence of someone born to conquer. If you get bitten, well just ensure you have a good excuse to give to the IT department or at the very least a scapegoat because the IT department has no time for existential excuses about bets between you and the universe. They aren’t normal like us.

There are a few main problems to fix and of course there will be individual challenges in each ledger as well, but I know you have taken my advice from above to heart. You won’t lament when you find these, you will accept them as your due for walking, talking and mastering the fucking electron. Then, knowing you, my young goose-padawan, you will email me a long-winded email which meanders through conflicting statements and questions without reason. But I accept that, because that is my due.

I could explain how to address these main problems, I could even create a “procedure” and document it in the “intranet”. In fact, I should do both of these things because that is what I was asked to do. But what would you learn then? Instead I’m going to offer you exactly the same thing I was provided when I faced these same challenges, jack fucking shit. You pick yourself up and either be the professional you are being paid to be or alternatively find a way to move numbers around and talk fast enough so that it looks like you are, really in this world the only difference between the two is how you sleep at night.

Also let me know if someone is giving you grief here, I will literally stoop down, point out my neck, hiss and bite them right in the groin while flapping my arms around. It’ll be fun.


Thursday, October 26, 2017

Office Banter

A lot of people work out there in the world, without cubicles, without the sterile atmosphere and the scent of people that have just given up. Also, the scent of some dumb fucker who decided to have fish for lunch. Anyway, assuming you were curious, wondering what was said behind those glass doors, this is pretty much it:


Colleague: Are you coming to the Partners’ barbeque?
Me: No.
Colleague: Why?
Me: I don’t like driving north. It feels, wrong, kind of dirty, you know?
Cubical-buddy (interrupting): His wife said they already have something on that night.
Colleague: Why can’t you give a normal answer?
Me: Because my father took off when I was seven years old. But before he left he told me one thing - “Always fuck with them. Always.”
Colleague: Did he really say that?
Me: No.
Colleague: Did he really leave when you were a kid?
Me: Also no.


Me: So, do you have a husband? Boyfriend?
Graduate that I am training: Sort of.
Me: So, girlfriend? We are all pretty open here, <Cubical-buddy > is a lesbian and <other work colleague> is more camp than a row of tents.
Cubical-buddy: No I’m not, don’t listen to him.
Me (whispering very quietly): She experiments.
Graduate: No, I am seeing someone but it is new, and he is three years older.
Me (attempting to look cool in front of a 20 year old): Older is awesome. My wife is 21 years older than me.
<months later at a team bonding fishing day which included spouses>
Graduate (after staring at my wife for an uncomfortably long time): You aren’t 20 years older than him!
<Wife glares at me>
Me: Yeh, my bad, I didn’t prepare you for that one. I am juggling so many balls I forget what lies I’ve told people.


Cubical-buddy: Do you think <Partner> has had a boob job?
Me: Dammit, I know what you are doing. Stop it.
<after coming out of meeting with Partner>
Cubical-buddy: That was fast.
Me: She asked me to leave.
Cubical-buddy: Were you staring at her chest?
Me: I was staring at her chest.


Partner: Did you call <Manager of another team> a cunt?
Me: Before you start shouting, it was situationally relevant.
Partner (now shouting): How could the situation call for that?
Me: He was being a cunt.
Partner: Please don’t do that again, I now have to go and respond to an official complaint.
Me: Fine, but since I’m scratching your back, how about you do that thing for me. You know, the thing I like.
Partner: Fine <turning to Cubical-buddy> go make him a coffee.
Cubical-buddy: He doesn’t even drink coffee!
Partner: Just do it. I will be busy with HR for a while.
Me: Oh good, can you please ask them how my sexual harassment complaint is coming along?
Cubical-buddy: When were you sexually harassed?
Me: I was groped in front of the lifts yesterday.
Partner: Jesus, I just bumped into you and it was an accident.
<Cubical-buddy gasps dramatically>
Me: I know, right. Uninvited physical contact. Her boob rubbed right against my arm.
<Cubical-buddy gasps louder>
<Partner walks off swearing>


Cubical-buddy: Someone used some of my butter in the fridge.
Me: Communal fridge, it happens. Don’t let the man get you down.
<Me, after Cubical-buddy goes to a meeting, sends long winded firm-wide email out condemning the butter theft, reiterating that Cubical-buddy has five children she needs to feed and educate, which is difficult enough, but also her husband ran off with his secretary so she is doing it alone>
Colleague from another team to Cubical-buddy: Look, sorry, I took some of your butter and to make things right I’ve brought you some things, to help out a little.
<hands over a bag of assorted groceries to a confused Cubical-buddy before walking off sheepishly>
Cubical-buddy (for some reason only now noticing the email): God fucking dammit, you lying asshole. Now I need to give this back.
Me (looking through groceries): Fuck that, we got cookies!

This image was mislabeled, obviously. I'm going
to allow it though.


Friday, May 26, 2017

TGIF: Passionate Anger and Software


I have a background in IT and a solid education in software development and while my experience walked me down a different path, I still have a keen eye for issues occurring in the ICT world. This is of course resume bullthwot for I might have connected some computers once and my degree suggests I turned up to at least some of the software engineering classes. I suppose what I am saying is I have enough knowledge to be dangerous but not enough to be overly useful or actually, you know, knowledgeable.

I have been using the same software for many years and while I don’t feel the need to name that brand I do feel the need to expand on why at times, literally smearing my monitor in shit seems like a more efficient use of my time than using their products. While they started with a flagship offering
Thanks. Now touch your toes.
over fifteen years ago, they have since either developed, bought or imagined a huge range of business solutions. This is normal as any type of software house needs a range of products and the smartest of them find ways to bring you a one-stop-shop offering. This is because the cost to adopt is huge but so is the cost to change. They know that once installed there is a very high probability that the business will never change that software. It’s brilliant really, they can drop service, support and artfully ignore bugs and smile at you cheerfully as you hand them fistfuls of cash while crying. In fact, your tears are a fundamental part of their commercial operation.

This is where I come in. As I said, I view my limited knowledge as powerful while they view it as dangerous. Though I’m not saying they wish I would shut up because they simply don’t care what we think of their product. Changing becomes a costly and logistical nightmare. They know that, and as much as I hate their dark soulless hearts I kind of admire their shitty magnificence. So, as I said, I’m disgruntled by the company providing the software but also by the drones in every firm I have been in who continue to eat grass and passively accept. As an analogy, imagine asking someone if you can shove a pineapple up their arse. They will probably decline, no matter the situation. Ask them the same question but with something smaller, like a pear, but if they decline they now must actively contribute in creating a world where shoving fruit up your arse isn’t a thing. That person is busy, that person doesn’t care and so they shrug and take the pear suppository rather than doing anything.

You are tired when Pascal says
you are tired.
I’m tired of having fruit shoved up my arse and so should you. At no reasonable time should this be something that is done and at no reasonable time should we accept that our very expensive software has an excessive number of bugs, glitches or works in ways that downright hinder productivity. And then this happened, I needed to contact their support because, of course, their poor software was again doing something stupid. As an aside, this is pretty much how I talk to everyone on the phone (irrelevance coupled with dad jokes):

Support: What is your client number?
Me: <Provides number ignoring the fact I had already typed that into the phone like 20 seconds ago>
Support: We ar-
Me (interrupting): I know, your system says my firm is named something else but if you click your buttons a few times you will see a different firm name, right?
Support: Oh, I’ve found it now.
Me: Greeeeeat. You know I have this same conversation each time I call. Considering literally nothing I have ever called about has ever been resolv-
Support (interrupting): I can see that in the log here, they were all known issues.
Me: Right, right, as I said, unresolved. Could you please throw me a bone and just fix up our firm name in your system? I need something. You owe me this.
Support: Only your client relationship manager can do that.
Me: ….the Lord giveths..
Support: Pardon?
Me: Nothing.
Support: How can I help you?
Me: <Provides problem>
Support: Have you checked our support forums for the solution?
Me: Yes. The solution was incomprehensible. I’m pretty sure your web support manager is a water fowl of some kind.
Support: OK. Cou-
Me: Maybe a Pelican.
Support: -uld I please have team viewer access?
Me: Roger that, you have the conn!
Support: Pardon?
Me: Nothing.
Support: <Clicking around my screen in areas unrelated to my query>
Support: Please hold. <hold music>
Support: Sir, this is a known issue and the only way is to use a workaround.
Me: …there is no God.
Support: Pardon?

Except this one. He knows shit.
Probably the worst thing about this whole dirty situation, and I do feel dirty by using their products, is how they handle every aspect. You show them a productivity issue, they smile vacantly and blame the user. They come up with a new feature and then expect us to adopt it, the reality of the cost involved in time and effort be damned, yet they tell us they are listening to our needs. They honestly seem surprised when I told them once I couldn’t offer a particular solution of theirs to a client because it was god awful. They smiled indulgently and I gave the patronising fuckwits the objective reasons for this judgement but they in turn fell back on the ‘other accountants are happy with it’ defence. You know what, most accountants are useless clowns who can barely understand how to turn a computer on. A solid endorsement from some clueless sheep with a pear up their arse isn’t particularly useful for me.

Breaking news just in: An open support ticket of mine, which basically means they couldn’t fix something quickly, has just now been closed. Without them fixing the problem. I imagine someone there put down the phone and immediately hid under the desk. Then for the next two weeks kept popping their head up, noticing we were still asking for a solution and then ducking back down again. Now I hadn’t asked for an update for a few days and so they breathed a sigh of relief and closed the issue. Without talking to us. To repeat again, without fixing the fucking problem.

God damn it, MYOB is the company. MYOB is the useless moronic juggernaut that I hear being advertised on the radio as a bright and shining example of business prowess. The reality is that their products lack vision, they lack competitive edge, they definitely lack decent developers and they obviously lack leadership at every level right to the top.

Obviously at some point this rational argument turned into a subjective gripe and the anal fortitude of some may have been metaphorically tested. I never thought I was passionate about anything but as it turns out, I kind of demand a level of design competence and accountability in my software vendors. It is this very passion that forces me to emote in ways I generally would not. Should I apologise for that? Maybe.

But I won’t.

Friday, May 12, 2017

TGIF: Controversy


Budget night is a big thing for accountants, we get our pens or laptops and sit down to spend a night watching the televised coverage unfold, taking notes to discuss around the water cooler the next day. Well some of us anyway. I was only aware it was on because I client mentioned something and I am excluded from the water cooler talk because other staff are getting the impression I hate them.
The day following the budget we always receive several emails from various groups summarising the tone and import of the recently announced budget changes. Which is why I don’t bother following the coverage; someone spoon feeds me the important parts in bullet point. Well that on top of a general air of indifference that I can almost float on. My firm also generated a list of budget reforms that we could send out to clients and prove we both knew and gave a shit about what was going on in the country.
The controversy was in the picture they selected to accompany our firm’s newsletter. It displayed a young girl climbing a fence on a lookout with a large picturesque drop in front of her. My first thought was that the girl had given up life and was obviously going to jump. I heard a comment from a nearby cubicle along the lines of the budget wasn’t that bad. Which, as an aside, was valuable feedback for me because I hadn’t read any of the summarised budget emails so I could at least parrot back to anyone who asked about the budget, “It wasn’t that bad”. As a note, I have no intention of reading them in the future either. In any case, the watercooler was afire with gossip about who selected the picture. I suppose the theory behind that particular graphic was, “Fucking tax grabbing bastards, better top myself” and from an artistic sense, who can fault that?
On arriving to work this morning I received a firm-wide email from the managing partner who advised that complaints had been made, both staff and clients were upset and he apologised on behalf of the firm. In breaking news another email from the person who selected the picture was sent with further apologies and I heard from the person beside me that same person was now outside crying. Number one point was that I was just happy to be included in gossip and just because I don’t want to talk to anyone doesn’t mean I didn’t want to hear the juicy tidbits. Number two, damn them both for putting a human face on this.
Obviously I don't
represent this firm.
Now my current artwork in MS paint of the picture with ‘Budget 2017’ in really cool font over the poor little girl just seems mean and insensitive. I tried drawing horns on the girl with a tail and pitchfork to illustrate the corrupt nature of government but it didn’t really help either. Close without saving? Yes. Dammit, I don’t always listen to common sense but someone was crying. Other reasons as well, probably.
My thoughts on the budget? It wasn’t that bad.

Friday, April 21, 2017

Why do I even turn up anymore?


America started it, but Australia has followed suit and now we have new laws coming into place which discriminate against a very specific cultural element. I’m not going to reflect on the fairness of the situation because, as my children repeat back to me now – fair is where you take a pig to win a ribbon. Let’s just call it the state of the world at the moment and possibly because it doesn’t really affect me too much I was willing to let it slide. Because apparently I am a cold inhuman monster lacking empathy.

It was only when my work came out with a new set of rules that my political indignation became inflamed, I found my empathy and was appalled with just everything. These new rules seemed oddly situational, discriminatory and almost specifically tailored towards a certain demographic at work.

Namely me.
  1. Don’t use the large drinking glasses, those are reserved for people who have energy shakes. If for some reason you do use them, say for example you simply don’t give a shit about which fucking glass you are drinking water from, you will receive an email and a formal warning if further infractions occur.
  2. Don’t use a coffee mug belonging to someone else. The mugs won’t be marked or in any way identified as having an owner but that is your problem. You will face a long and boring lecture from the owner of the mug and one of the firm partners will later bring it up at a meeting because you (rightfully) told the owner what you thought of their capitalist system of mug designation.
  3. Do not discuss the attire of any another employee unless there is an exposed nipple.
  4. Damn it, Gary. I swear I will
    hose the smug out of you.
    When you put cutlery into the dishwasher, ensure the knives are pointing downward. Alternatively, when caught changing all the knives in the dishwasher to facing up, don’t raise one hand in a defiant salute, scream “Attica!” and then hide in the bathroom for an hour.
  5. When asked to review the updated firm guidelines do not amend the second last clause to say, “In the event of conflicting or confusing guidelines, just do whatever you fucking want. These clowns don’t read anything longer than a sentence anyway.” If the amendment is noticed, do not immediately blame Stephanie.
  6. Leadership does not involve bringing a water spray to work and encouraging junior staff to “work harder or it gets the hose again”.
  7. There is an established guideline for out of office emails. Copy and paste the content and do not put Stephanie’s personal mobile number for clients to contact in case of emergency of should they need “a good time”.
  8. Belcher versus Capital Services isn’t a real court case and quoting the non-existent “exposed nipple defense” will not void a sexual harassment complaint.
  9. When asked if you need additional stationary, only request valid stationary items. You are wasting everyone’s time when you ask for, a “bitch’n” helper monkey named Travis, 1000m of 4kg braid fishing line and KY because you and the wife will be getting “freak-nasty” tonight.  Do not further clarify to the receptionist later, “all of them. At once. It’s going to get weird.”
  10. The ‘mystery’ of who is constantly stealing the scissors from the binding area and putting them in Stephanie’s drawer will eventually be resolved.

Sunday, February 14, 2016

Member Benefits

This is my first attempt at an unboxing you-tube clip! Although my medium is written word, instead of video, and by unboxing I pretty much mean my recollection of reading an email. Which is lucky because in a video I’d have to wear pants. Unboxing!
A Doctor once suggested that a CPA title, which I hold, was at LEAST the equivalent of his own. In the spirit of co-operating with professionals I grudgingly agreed.
Actually thinking back, he may have been vehemently arguing that I shouldn’t call myself a surgeon and my attempts to operate on someone were more a basis of “you and the patient being too fucking drunk to know better” rather than “my awesomeness as a medical-equivalent”. It is truly amazing how recollection changes with time. I imagine when he begins talking to me again we’ll debate that very point while swirling brandy.
In any case I recently received an email from CPA entitled “CPA Member Benefits”. Inside I chortled to myself, imagining the metaphorical…no, literal, dump truck of hookers and cocaine that would be arriving at my home in no short order. Outwardly I asked my wife what her feelings were about snorting blow from a prostitute. Her sigh, an obvious acknowledgment of her community standing as wife-of-equivalent-big-shit, said more than real words ever could.
Opening the email my first thought was “Get fucked you communist bastards”. They were trying to sell me a case of wine for $99. If I have a rule of life, a holy Brannigan’s Law, it is that if you pay more than $1 online for a bottle of wine you haven’t heard of Grays Online. After a paragraph I came to two possibilities; their marketing department hadn’t heard about this thing called the internet, in which I had costed one of their selection and had it undercut by 40% within 30 seconds. Alternatively, they thought we were fucking morons. It was quite obvious at that point they had allowed the work experience to phone that one in. I scrolled further…
Nothing. No dump trucks. No pictures of mountainous piles of cocaine where big tittied blondes were making adorably blow-angels. That was it. Overpriced wine.
I don’t even.

Wednesday, June 24, 2015

End of Year Tax Advice



THIS ISN’T TAX ADVICE AND WHILE IT MAY BE PHRASED AS ADVICE THE COLLOQUIAL LANGUAGE ALONE SHOULD BE INDICATIVE OF PERSONAL COMMENTARY. AGAIN, NOT ADVICE.

I’ve been in the tax game for quite a while now and the two main things I’ve learned are:

- You can’t avoid tax; and
- Everything you -CAN- do to minimise tax involves spending money; ALSO
- Sweet Jesus tax is fucking boring (a third thing I discovered).

This time every year I see multiple articles and emails everywhere about how to save on tax. Like some smuck, I ignore the points above and go click on these links to see if I’ve somehow missed some holy grail of tax planning. Make no mistake, these articles are about as fucking useful as a Nigerian scam email. In reality there are only a few steps to follow:

Get an effective structure sorted with an accountant (we are all about as good as each other, choose whichever one you feel you can talk to). This involves the accountant knowing shit about you, your business and your future – expect to spend money on this. Then at the end of each year, and while still on track with the original plan, work out if you have available cash or sources of finance to spend on business related deductions, but never chase deductions purely for the sake of it. That is it. If you don’t have available cashflow then accept your fate, if you do then splash out on deductions.

I’m going to reiterate the important point above; NEVER CHASE DEDUCTIONS. We are talking entirely about excess, entirely useless and superfluous spending. Should I buy a new computer? A car? A boat? I’ve been asked all these questions and my answer is to ask them if they need it for the business. If it isn’t a requirement, don’t use tax deductibility as a basis for the purchase. You are likely in the 30-40% tax range on average which means the tax deduction is only worth 30-40% of the cost of the purchase (maths? FUCK!). The remaining 60-70% is pissed right against a wall. Unless it’s a boat, they are awesome. You should totally buy one.

I still hear pub talk about some rich dentist or business owner who is doing so well that his accountant told him to go out and buy a new car or something. Firstly, that story never happened. Secondly, if it did happen his accountant provided advice so utterly pointless to tax minimisation that I phrase it as fucking moronic. Thirdly, that story never happened. In fact I’ve now got a banner printed above my desk summarising this and every time a client mentions a friend in a pub I pinch my brow and point at the banner.

While the ultimate solution to tax savings is spending money on deductions, this is also the ultimate problem. Most of the spending involves ‘stealing’ deductions from next year or in another way, deferring some of this year’s tax until next year. But what happens if you can’t do the same thing next year? You have less deductions (remember you used these up last year) and on top have the tax for that year in question. Depending on the values involved you may have created yourself a problem.

So, is the correct solution then to do nothing? Well no, firstly understand there is no holy grail. Secondly be aware of the impact you will be having on tax for this year and any year in the future. Pick the path that you are comfortable with and move forward fully understanding the consequences of each.

Tax planning is more about common sense and less about searching for white elephants. Save for that boat and you will have a happy life.

I’m not using this as an advertisement, I generally look for ways of doing less, not more. However, if you want to ever ask me a question, fuck it, I’m in. It’s what I do.