The Scotsman: The Institute of Chartered Accoun­tants of Scotland will tell high-powered US financiers at a conference in New York that individual judgment should play a bigger role than strict adherence to a rule book. Ah, this old classic. Once again the rules-based US system is coming under attack by external sources, this time from Scottish […]

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A comment by Dennis Howlett in one of his recent posts forms my inspi­ration: I can only ever be the judge of what I think might work in a situation where I have incom­plete infor­mation. I could be completely wrong. But that’s where the blog metaphor makes such a positive difference. It is impos­sible to […]

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This recent post on the SME Blog talks about the recent changes the UK has made to VAT, in that they are now offering small businesses the ability to account for and remit VAT on a cash basis, rather than accrual: The VAT cash accounting scheme allows you to account for VAT (output tax) on […]

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The Alter­native Minimum Tax is getting a lot of coverage in the US since changes made by Reagan in the 80s are causing it to affect 80% of “families with an adjusted gross income of $75,000 to $100,000,” in other words, a lot of frickin’ families. When the tax was first intro­duced in 1969, it […]

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