Orange & Gold Blog

Would you follow your accountant's advice 1?

In a Taxation Magazine survey published in March 2013, respondents were asked to distinguish between evasion and avoidance by answering a number of hypothetical questions, such as:

You run a small business. Your accountant says if you operate through a company instead, you could save £2,000. Having asked him about it, you are satisfied that his advice is accurate, and that the law allows you to operate through a company if you want to. Would you follow your accountant's advice?

97% YES               3% NO