September 2008


An accountant dies and goes to Heaven. He reaches the pearly gates and is amazed to see a happy crowd all waving banners and chanting his name.

After a few minutes St. Peter comes running across and says, “I’m sorry I wasn’t here to greet you personally. God is looking forward to meeting such a remarkable man as yourself.”

The accountant is perplexed. “I’ve tried to lead a good life, but I am overwhelmed by your welcome,” he tells St. Peter.

“It’s the least we can do for someone as special as you are. Imagine, living to the age of 123 and still looking so young,” says St. Peter.

The man looks even more dumbfounded and replies, “123 years old? I don’t know what you mean. I’m only 40.”

St. Peter replies, “But that can’t be right – we’ve seen your time sheets!

An auditor is hard at work auditing a manufacturing plant.  He spots one worker at the end of the shift, that worker is always carrying a wheelbarrow covered with an opaque cloth.  The auditor is certain something is fishy.   He asks the security to check the wheelbarrow.  Many surprise checks, security finds nothing.  On the last day of the audit the auditor goes to the worker and asks, “Alright, I give up.  I know you are taking something.  I cannot prove it .   I do not want to pursue it.  I just want to know.  What are you stealing?”  The worker replies, “Wheelbarrows.”

So he can deduct cigarettes from his income tax.  Called it loss by fire.
So his medical expenses went above the 71/2% threshold.

A partner is discussing ethics policy with the staff accountant.  He says “We take ethics very seriously around here.  Remember, we are professionals not businessmen.”  The young staff accountant is impressed.   The partner elaborates “Yesterday I received a check from a client.  It paid $5,000 more than our bill.  Immediately an ethical question arose, shall I tell it to other partners?”

What is the definition of a good tax accountant?
Someone who has a loophole named after him.

An Indian Accountant’s Theory of Reincarnation – if you are a good accountant, virtuous accountant, then you are reborn as an engineer. But if you are evil, wicked accountant, you are reborn as a psychologist.