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BEWARE of Trainee Accountants

Every accountant has to start somewhere To learn the trade and the tricks of the trade, so that some day, they can be called…

A contractor accountant! The best of the best!!

That is what every trainee accountant dreams about. It is the goal they imagine every night before bed and every morning before going in the shower.

“I will become a contractor accountant,” they say, over and over again.

However, there are some trainee accountants who don’t want to become part of the elite. They are not interested in being one of the top dogs who contractors throw money at.

Instead, they would prefer to use their naivety as a spring board to commit..

Daylight Robbery!

This comes on the back of a story about a trainee accountant who used his position to steal £30,952 in VAT.

He didn’t have to rob a bank or snatch a handbag. He didn’t even have to do anything fancy.

All he did was create fake invoices and then, BOOM, he started getting cash directly into his bank account.

Sneaky but clever, but totally illegal and against the law. The kind of underhand tactics a cunning trainee accountant would use again and again, no doubt, if they could get away scott free.

Fortunately the HMRC are wise to this kind of thing. They watch everything, and are ready to pounce as soon as they have enough evidence to convict.

Those 12 fake invoices created by the trainee accountant put HMRC on high alert, and it wasn’t long before they sent in the cops.

A spokesperson for HMRC had this to say – “Edmonson abused his financial knowledge, his employer’s trust and the public purse. He cooked up a batch of fake invoices to steal from the taxpayer, and now has a criminal records to show for his greed.”

So the rogue trainee accountant had his day in court and the punishment? 12 months in the slammer for VAT offences and a further 8 months for money laundering. All at her Majesty’s pleasure.

Or is it? Reports have just come in that his sentence has been suspended for 18 months, and in the meantime he will have to do 200 hours of community service.

If he keeps his nose clean then he won’t have to spend a single night behind bars.

While I do believe in giving this trainee accountant a second chance, I also think he should have to spend at least a few months in a UK prison.

Maybe some hard labour would do him the world of good and he would never think about committing fraud ever gain.

He would then become trustworthy. Someone you could put your trust in.

Just like our contractor accountants. Everything above board. Accountants you can rely on. The best of the best!!

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