The tax advisor had just read the story of Cinderella to his four-year-old daughter for the first time. The little girl was fascinated by the story, especially the part where the pumpkin turns into a golden coach. Suddenly she piped up, "Daddy, when the pumpkin turned into a golden coach, would that be classed as income or a long-term capital gain?"

Q: What do cannibal tax advisors do after their office Christmas Dinner? A: Toast their clients.

Q: And the difference between tax avoidance and tax evasion? A: Jail.

A man was driving along the road when all of a sudden he has to swerve to avoid a box falling off the lorry in front. Seconds later a policeman pulled him over for reckless driving. As the policeman starting writing the ticket he noticed the box was full of nails and tacks. "I had to serve or I'd have run over those and blown my tyres!" protested the driver. "Ok", replied the officer, ripping up the ticket, "but I'm still bringing you in." "What for?" retorted the man. "Tacks evasion", answered the policeman.

How do you know you have a great CPA? He has a tax loophole named after him.