In this issue
HOW TO BE SUCCESSFUL BY SHUTTING DOWN YOUR BRAIN!
A GREAT JOKE
ANOTHER FUN MOMENT
SOME USELESS INFORMATION
DEADLINES AND REMINDERS
Parfrey Murphy: Chartered Accountants
July 2012

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Parfrey Murphy
Chartered Accountants
Lee View House
South Terrace
Cork
Ireland

T: +353 (0)21 4310266
E: pm@parfreymurphy.ie
E-Newsletter July 2012Parfrey Murphy: Chartered Accountants
Parfrey Murphy: Chartered Accountants

Our aim is to help our clients increase their profitability, improve their cash flow and reduce their tax liabilities so that they have more disposable income.  Please feel free to call us on 021 4310266 or email us at pm@parfreymurphy.ie if you wish to do business with us.

HOW TO BE SUCCESSFUL BY SHUTTING DOWN YOUR BRAIN!
 
Seamus Parfrey

I came across this article recently by Gregory Ciotti which is really worth reading in its entirety. He explains how to combat your brain's own brilliance, overcoming the instinctual reactions which often have devastating effects on your long-term goals.


Your brain can hurt your goals by fantasizing too much


Would you believe that fantasizing is the number 1 way your brain unintentionally ruins your goals? It seems unlikely, right? The thing is, the proof is in the pudding (or in this case, the research): psychologists have found that while positive thinking about the future is broadly beneficial, too much fantasy can have disastrous results on achieving goals. Researchers tracked the progress of how people cope with four different types of challenges.

As an example, in one of those challenges (trying to find a fulfilling job), those who had spent the most time fantasizing performed the worst in a variety of critical data points:

  • they had applied for fewer jobs
  • they had been offered fewer jobs
  • if they were able to find work, they had lower salaries.

Why? Why could fantasizing about a positive end take a turn for the worse?

Jeremy Dean, a psychological researcher at UCL London had this to say about the researcher's conclusions:


The problem with positive fantasies is that they allow us to anticipate success in the here and now. However, they don't alert us to the problems we are likely to face along the way and can leave us with less motivation—after all, it feels like we've already reached our goal.

{Read more}
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A GREAT JOKE

I am currently reading "The Levity Effect" by Gostick and Christopher which reveals, after 10 years research, how humour in the workplace leads to a better working environment. We have decided to start with a few fun items in our newsletter.

 

Revenue  decide to audit Grandpa and summons him to their office.

 

The tax inspector was not surprised when Grandpa showed-up with his accountant (not from Parfrey Murphy!).

 

The inspector said, ‘Well, sir, you have an extravagant lifestyle, and no full-time employment, which you explain by saying that you win money gambling. I’m not sure the Revenue finds that believable.’

 

I’m a great gambler, and I can prove it,’ says Grandpa. ‘How about a demonstration?’

 

The inspector thinks for a moment and said, ‘Okay. Go ahead.’

 

Grandpa says, ‘I’ll bet you a thousand euro that I can bite my own eye.’

 

The inspector thinks a moment and says, ‘It’s a bet.’

{Read more}
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ANOTHER FUN MOMENT

The following is a selection of U.K. school test questions with answers from 16-year olds.

 

Q. Name the four seasons
A. Salt, pepper, mustard and vinegar

 

Q. Explain one of the processes by which water can be made safe to drink
A. Flirtation makes water safe to drink because it removes large pollutants like grit, sand, dead sheep and canoeists

 

Q. How is dew formed?
A. The sun shines down on the leaves and makes them perspire

 

Q. What causes the tides in the oceans?
A. The tides are a fight between the earth and the moon. All water tends to flow towards the moon, because there is no water on the moon, and nature abhors a vacuum. I forget where the sun joins the fight.

 

{Read more}
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SOME USELESS INFORMATION
 
Noel Murphy
  • A gold fish can remember something for about 3 seconds
  • 90% of all New York cab drivers are immigrants who have just arrived
  • The elephant is the only animal that cannot jump with all legs off the ground
  • Most people take only 7 minutes to fall asleep
  • If China’s population, in a straight line, walked past somebody the line would go on forever as the birth rate is so high
  • Earth is the solar systems only planet that has plate tectonics
  • No two lions have the same whisker pattern
  • The pressure created by a human heart is sufficient to squirt blood 9 metres
  • The average person makes over 1,100 phone calls annually
  • A dentist invented the electric chair.
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DEADLINES AND REMINDERS
 
Sinead Herlihy

Deadline - 14 August 2012

  •  Return and payment of dividend withholding tax for July 2012.
  •  Return and payment of PAYE / PRSI for July 2012.
  •  Return and payment of RCT for July 2012.

Deadline - 21 August 2012

Corporation Tax

  • Preliminary corporation tax for accounting periods ending 30 September 2012.
  • First installment of preliminary corporation tax for accounting periods of large companies ending 28 February 2013.
  • Corporation tax returns for accounting periods ended 30 November 2011.
  • Balance of corporation tax due for accounting periods ended 30 November 2011.
  • Third party information returns for accounting periods ended 30 November 2011.

Where returns and payments are made electronically the return and payment deadlines are being extended to the 23rd day of the month.

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