‘Janet and John’ explanation

I have blogged before about my perennial liking for 'one minute with…' articles, where publications invite an illustrious person to answer a dozen or so questions, always ending with 'tell us a secret about yourself'….

I read one over the weekend in which one answer struck a strong accord with me.

What advice would you give to someone entering the profession? (so, by illustrious person, I don't mean film star, CEO or sportsman, but a senior figure in the accountancy world, if that is not an oxymoron)

Don't be afraid to ask dumb questions. I often see people getting involved in deep technical analysis without having really understood the transaction. I always ask my staff for a 'Janet and John' explanation. If they can do this, I am confident that they will get the tax right.

Well said.

Posted with Blogsy