It’s a Friday evening and you’re in the pub, enjoying a well-deserved drink with a couple of friends after a long, hard week’s work. In walks your friend Rob. Grinning from ear to ear, he produces a wad of twenty-pound notes and treats you all to a round. He’s just got a huge tax refund, he tells you, and on Wednesday, he is off to Spain for a fortnight’s holiday with the family.

You know Rob charges the same daily rate as you, but your tax refund was a lot less than his.  How can that be right? Has he got a better accountant than you?… Continue Reading