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You remember the Bible story of the universal flood and Noah’s ark.

Noah was warned of the impending disaster. He built a sort of rescue ship. He took on board a pair of all living creatures.

It is true that all earthly creatures are mentioned, but the biblical text says nothing about saving accountants. Not just for a couple of accountants, but even for a single.

Most of you have probably read “The Foundation” by science fiction writer Isaac Asimov.

Told briefly, a scientist receives permission from a powerful ruler, in the heyday of his mighty empire, to take with him, say – speeches, all the scientists and go with them to a small planet at the end of the world.

If at all an accountant is allowed to make interpretations and his own reading of this wise story, it details how the knowledge, skills, wisdom, and general “brains” of a community become an invaluable asset. So great an asset that gathered in one place, i.e. on one planet, it steadily increases its value and influence on the world.

It is interesting that nowhere in his masterpiece “The Foundation” does Isaac Asimov mention anything about accountants. It’s not clear if the scientists took an accountant with them to the small planet?

A few years ago, visionary entrepreneur Elon Musk formally announced that he and his team would work to create a passenger line to Mars and the colonisation of the Red Planet through regular space flights. Then many reacted derisively, to say the least.

Today, one of his companies, Space X, has turned flights to the International Orbital Station into a sort of ro-ro line, and his idea of regular flights to Mars now looks like something entirely achievable.

In the future alien colony, he wants to create a new world by taking the best of the old one.

People with wild imaginations are already figuring out what will and won’t be in the future alien colony. But Musk has not once mentioned that among the passengers of his space shuttle, which travels to the Mars colony, there will be an accountant.

Then what is the conclusion?

That the profession of accountants will disappear? That the world of the future won’t need accounting?

Nothing like that.

Do you know what is common between Noah from “The Bible”, who built his “ark”, the scientists from the novel “The Foundation”, who planned to the smallest detail their migration to the distant planet and foresaw the development of the world and the visionary Elon Musk, who anticipates the future?

Well, the common thing is that they all do the math well.

What they have in common is that they calculate everything down to the smallest detail. Risk, costs, probabilities, time required and everything else.

Will there be accounting firms on Mars? Bet on it for sure.

This profession will not disappear, because in both the Old World and the New World there will be costs and revenues, and the balance between them becomes achievable with the help of accountants.

The profession of accountant will not disappear in the New World, because there will certainly still be taxes, and where there are taxes, someone will have to make paying them an acceptable human process. And for the country or colony on Mars, where the reports of the week, month and year will be important to plan for the future.

Perhaps some of you will exclaim

“Yes, it was. Yes. Wish you were in the world of the future too”

To this, we accountants would humbly respond thus …

We do not want a place in the future because we know we are part of it. The only thing we don’t know yet is when regular flights to Mars start. The rest is just a matter of calculations, calculations and proper record keeping.

But until the future arrives, the team at Correct Account Consult are here, not on some other planet, to look after your accounting affairs.

Every day of the week.

And like Noah, we are saving a lot of businesses from a tax deluge.

That last one was a joke, God forgive us.

P.S Surely the accounting profession is one of the oldest in the world. Well, not as old as … they say it is … the first profession or as old as politics, let’s say, but at that moment when the commodity-money relations arose, a few days later a man with an agile mind certainly started to calculate income and expenses, i.e. to account.

And so as long as the world lasts. As long as there are transactions, purchases and sales, trade and taxes, there will be accountants. Bet on it.

They say that a successful businessman and a good leader should never be afraid of attracting people to his team who excel in a particular area.
He also doesn’t have to worry about having someone on his team who isn’t afraid to say “NO” to his face.
Whether it’s a small business or a huge corporation, it’s critical to have that person in the system who stands up to the leader and says, “No, this is not right. No, it will cause losses. No, this expenditure should not be made,” etc.
They call it a “corrective” or a “thorn in the heel,” a “hedgehog in the pants,” a “pebble in the shoe” or …

…Or an accountant.
What good accountants have in common is that they protect their client’s money from everything and everyone.
Sometimes even by the client himself.
An accountant who understands his job signals a problem before it is on the horizon.
But it also offers the right solution , to get out of the possible complication of the situation.
A good accountant never spares his client the truth and doesn’t worry about bringing bad news. In fact, he does not divide information into good or bad, but only processes it, analyzes it with cool reason and acts.
If your accountant is embarrassed to tell you directly “The deadline for paying VAT and National Insurance is running out” or “If you don’t pay, interest starts to accrue”, then you should wish that accountant creative success and part ways with them. The earlier the better.
When should the accountant say “NO” to the client? Whenever a “YES” answer would harm the client.
If the customer / hypothetically the owner of a car repair shop / requests that the new carpet he purchased for his son or daughter’s nursery be accounted for and recognized as a business expense. And accompanies his request with the explanation “My previous accountant always did it”
A good accountant is likely to refuse to do this because he knows that in a tax audit the “children’s carpet” will attract the attention of the auditors, i.e. it is an asset creating headaches.
It is true that there is a proper line item for accounting for a nursery carpet, but it should NOT be done for the sake of it or just because the customer has requested that it be claimed as a company expense.
There are accountants who repeat like a mantra “Invoice everything”.
But this is a deeply flawed principle, because not every purchase is a tax deductible expense, because there are invoices that benefit from VAT and those that do not…
A good accountant is therefore good because he knows in detail the accounting matter and the laws. This is why he would never advise his client to make wrong decisions.
DON’T trust an accountant who always says “YES”.
A good accountant is good because they keep your money safe from everything and everyone.
And by yourself, if necessary.
Um, I think we already said that.
By the way…did you pay your VAT?