Part 1, in which I learn about accountancy and tax
OK, let’s start with a confession and a declaration of interest. I’ve been using M&S for my accounts ever since I started out on path to the self-employment, well over five years ago. Prior to that, a career climbing the corporate ladder meant that I had regular contact with accountants – almost daily with a Management Accountant (whose job, as I described it, was to protect me from the results of my own stupidity), and very regularly with the CEO and CFO, both of whom were accountants and whose job consisted largely of grilling me and the rest of the board as to where the money was (in the recession it usually wasn’t). In other words, my knowledge of accounting was almost entirely centred around the monthly P&L, budgeting and trying to them work out how the company could make the numbers add up.