Archive for February, 2016

One of the things I always liked (well, the only thing, really) about VAT (sorry, as well as growing our practice fast, my other job was doing the complex VAT stuff) is that it is always clear who pays the VAT…it is the poor sucker at the end of the line…the consumer.   Now that isn’t true of a lot of expenses. Take for example, a conversation I had a while back with the marketing people from a mid-tier firm. They had gone to tender for a new website (it could have been anything, the principles are general). Three firms had tendered. They’d chosen one.   I am not going to get caught up in how convoluted and longwinded this process clearly was, except to say that their internal decision-making costs clearly dwarfed the hard spend (I’d reckon the two together easily ran ... Read more