HOW SH!T HAPPENS

In the beginning, there was the Plan.

And then came the Assumptions.

And the Assumptions were without form,

And the Plan was without substance.

And darkness was upon the face of the Workers

And they spoke among themselves saying, “It’s a crock of shit, and it stinks.”

And the Workers went unto their Supervisors and said, “It is a pail of dung, and we can’t live with the smell.”

And the Supervisors went unto their Managers saying, “It is a container of excrement, and it is very strong, such that none may abide by it.”

And the Managers went unto their Directors saying, “It is a vessel of fertiliser, and none may abide it’s strength.”

And the Directors spoke among themselves, saying to one another, “It contains that which aids plant growth, and it is very strong.”

And the Directors went to the Vice Presidents saying unto them, “It promotes growth, and it is very powerful.”

And the Vice Presidents went to the President saying unto him, “This new plan will actively promote the growth and vigour of the company with very powerful effects.”

And the President looked upon the Plan, and said that it was good,

And the Plan became Policy.

And that is how shit happens.

If you have undertaken projects that you feel pushed the boundaries of knowledge in your field, for example, you found yourself at point A and wanted to get to point B in terms of product or service delivery but had no idea how to get there? – therefore you incurred time and costs in trying to find solutions. You may have hit roadblocks along the way?

Then you may have a claim to make for R&D. This falls into one of two categories.

You can enhance the costs you incurred to reduce a profit or increase a loss carried forward. Or you can claim a refund credit.

A dividend may only be paid where there are sufficient distributable profits available.