t: 0141 556 5348
e: mail@ngmaccountants.com

Business is fun

I don't believe it!

The avuncular Victor Meldrew almost never believes anything, if his scripts are anything to go by. Of course, it has become one of those well known catchphrases that has passed into the vocabulary with the same ease which Bankers employ when awarding bonuses.

"I don't believe it!". Is it shock or genuine disbelief? Incredulity is often employed as a mark of surprise when emphasising how delighted we are with something. How often do you say, "it was an absolutely incredible night!" Well maybe you don't say THAT all that often but I'm sure you understand my meaning. All day now you'll be hearing yourself say, "that blog was incredible wasn't it?"


So what kind of things DO you believe? Usually most people believe numbers (especially when presented by their accountant) and curiously, the more precise the numbers, the more accurate they are perceived to be and are given even more weight. For me it makes no sense to be talking to one of our clients whose turnover is in the region of £4m about the importance of their £248.56 spent on paper, and couldn't they try to find a cheaper supplier. Don't get me wrong, we might have a conversation like that but it is more likely to be along the lines of who is responsible in their organisation for office supplies spend and what have they done about the budget for next year. In big situations, numbers still have to be accurate but also very relevant. Individual results taken out of context (ie not relevant) are a bit like a single piece of a jigsaw - they might be pink and look like a flower when you see it in stunning isolation but once you find the right place for it in the multi-directional connectivity of a business' finances you will probably see that instead of a flower it is actually a piece of sea with the setting sun colouring it reddish.

Surprisingly though (accurate or not, relevant or not) lots of businesses and their owners manage to ignore their numbers one way or another. It may be they pay scant attention to them because they know them to be incomplete; it may also be that they are very complete and they know that they show a disastrous or indeed a great position but ignore the numbers because they don't know mentally or strategically how to process the information successfully. Bad news is often the best known and the least actioned.

So why have you been avoiding getting your accounts done until now? Here are some more reasons to consider why you might avoid getting your numbers sorted or might avoid believing them if you already have them - either you'll have had a horrible year and have little tax to pay but want to sweep it under the carpet and forget it happened or you've had a tremendous (incredible) year and just know that the tax bill is going to be a doozy. Leaving it till 6 weeks before the end of the tax year isn't going to make the tax bill any less - it will simply make it harder to find the cash for.

Incredible isn't it?


PS You know who you are, all of you....

PPS Remember that the penalties for late returns this year are stonkingly big so you have been warned.......


Comments: 2 (Add)

Your name:
Enter : [?]
Daddex on September 28, 2012

This time, with half a cake mix, I used 1/4 C oil, one egg, some chocolate chips, roll 1 balls into icing sugar, bake 2 apart at 350 for 10 min.Nothing could be eisaer!

Dolly on July 23, 2012

Tiffany,It think that is an excellent way to fisnih the evening. I just started back to reading books for ME and crawling into my bed late at night under all of my blankets and resting against my pillows is such a comforting thought. It is something I definitely look forward to at the end of the day.