What do you think ACCA officials do?

Do they work to provide a library for members, democratize the Association, run an uncensored magazine or provide value for money? No. They watch soap operas like BBC TV's 'EastEnders'.

Now the ACCA bureaucrats can't even tell the difference between fact and fiction. Following the fictional shenanigans of the shady character Ian Beale, ACCA have actually issued a press release (see below).

The pandered ACCA executives need an urgent dose of reality. Next they will be pretending that there is real democracy and openness at ACCA.

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Why Ian Beale should have listened to his
accountant

22-Aug-2000

Hated ‘Eastenders' character Ian Beale, who has just been hit with a £103,000 tax bill from the
Inland Revenue, could have avoided his problems if he had listened to his accountant’s advice,
says the Association of Chartered Certified Accountants (ACCA).

This week’s storyline shows how the ruthless and scheming entrepreneur, who has just acquired
an old school building and converted it into flats, has cash-flow problems because he cannot
afford the tax bill. While everyone may enjoy watching him suffer, the storyline highlights what
can happen when entrepreneurs do not recognise the warning signs which often arise when they
expand their business ventures too quickly.

Chas Roy-Chowdhury, Head of Taxation at ACCA, says: " Expanding too quickly is a common
problem which many businesses experience. Even fictional entrepreneurs must make sure that
they have enough resources to pay any bills which may arise along the way. It is very easy to
forget about the monthly PAYE bill, as well as ensuring the corporation tax, business tax and
VAT are paid on time".

He continues: "Ian Beale clearly has not thought through his business plan adequately. He
should have heeded the advice which I am sure his accountant gave him."
 

For more information, please contact:

Julian Stern, ACCA Press Officer
020 7396 5785
07702 329 012

Chas Roy-Chowdhury, ACCA Head of Taxation
020 7396 5976
0410 707 516