Episodes
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G'day friends,
Been a while but Dave made Paul a promise - that he could make the most content rich accounting event, filled with high value content, a fair balance for sponsors and organizers, and a proper party.
And Paul is the sort of person who holds people to account....
The agenda is finalised The band is booked The drinks budget has been broken The Access Group has a monstrous new take on AI to shareAnd there's about 30 tickets left.................... and Dave said it would sell out ....so you know...help him out.
Get your tickets at accessallareas.au
Access All Areas - Access All Areas
Sorry about some of the audio, we are out of form.
See omnystudio.com/listener for privacy information.
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As Statler said to Waldorf, the witty old blokes in the VIP box on the Muppet show;
âThereâs a lot to be said about this program.â
To which Waldorf quipped back;
âToo bad you canât say it on a family show!â The bothed harrumphed and probably cut to a clip of Kermit trying to get animal ready for his next scene.
And in the spirit of that nostalgia Trenches starts it's 8th year.
Paul and David say a huge THANK YOU for investing some of your time listening to us.
Because of you we are earn the meaningless perk of being ranked in the top 20% most listened to podcast on earth.
Not bad for a show about real life in the accounting industry.
Best on Ground
David
CAANZs budget submission covers everything - but will Canberra listen? - CAs influence has to be at a weak point https://www.charteredaccountantsanz.com/news-and-analysis/advocacy/policy-submissions/pre-budget-submission-2023-24
Karbons payments product was bigger than expected https://karbonhq.com/feature/billing-and-payments/
Fox Sports - Stick to highlights of the 2016 and 2023 Grand Finals, leave the balance sheets to us https://www.linkedin.com/feed/update/urn:li:activity:7163833930805096449/
Paul
Paul hit the ChangeGPS National tour to see the launch of Protect - David calls it the biggest innovation in accounting in a decade https://changegps.com.au/apps/protect
DECLARATION OF INDEPENDENCE - David did not ask Paul to cover this, in fact David has begged Paul to talk about ChangeGPS in the past and he has said no. The comments in the show are 100000% because Paul chose to share them.
MYOB lampoons instant invoicing in the best way https://www.youtube.com/watch?v=RVzPKz_Uz2M
Worst on Ground
Paul
Flexible Hours will suffer thanks to the right to switch off https://www.afr.com/work-and-careers/workplace/business-fights-back-against-right-to-disconnect-from-work-20231220-p5esol#:~:text=%E2%80%9CA%20legislated%20right%20to%20disconnect,are%20unreasonable%2C%E2%80%9D%20she%20said.
Agent Linking- David completely misunderstood the issue but Paul was in the room when it was workshoppedâŚ.what actually happened is worse.
Ethics and the insane tokens accountants need to jump through as CA clings to a belief it can regulate the profession. Pledges, dobbing in peers increased ethics training.
David
Media reports of 150 ATO agents linked to tik tok GST fraud is good ol fashioned clickbait
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Missing episodes?
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My Father was a public practitioner for 40 years and my family lost him this year.
One day, everyone of your families will be in this position. This episode, might be important to them. At some point in your life, it might be important for you.
The first 8.5 minutes of this episode I talk about Dad. He came to Australia with very little, was brought up through welfare homes and then together with my mum raised my sister and I, while building an accounting practice that sustained my family through millions of happy moments. If it is too heavy for you, I understand, sharing this is an indulgence for me, you can skip it if you want to.
If you skip it, you need to know this bit.
Regular listeners would knowhow influential Dad was on my career and values. He is the reason I understand what you do so well. And why I realised I was better placed to help you rather than small business clients.
Paul and I then talk through the first two weeks, the transition to get Paul control to service clients, and how he navigated the day to day while managing his practice and his family.
Finally we talk through the sale process and what it means for for my family
While dealing with the grief, Paul stepped in as director and ran the day today while I worked through a sale process.
Not every family has a Paul or a son like me, our knowledge of the industry helped.
And not everyone has a friend like Paul, who stepped up the way the very best of friends do, when you are at your lowest.
I hope when reading this line, you appreciate my lesson here.
I develop, sell and support accounting technology for a living, so it is with honesty that I say:-
The tech you use doesn't matter.
All that matters. Is your health, and your relationship with your clients.
Yes, you're all that matters.
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Cultural Note
Z"L is an English rendering of a common Hebrew posthumous honorific.
××´×â (Z"L) is the acronym of ×××ר×× × ××ר××â (zikhronĂł liv'rakhĂĄ, literally âmay his memory be a blessingâ. - wikipedia.
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This show was recorded in mid February but thanks to Dave being busy getting the ChangeGPS new TaxPlan Advanced product ready we had a delay getting it out. Oh how we long for the days 6 years ago when we'd record and publish in a 2 minute workflow.
Before we begin.....To The Xero's...https://www.linkedin.com/feed/update/urn:li:activity:7039489285565161472/
Best
A very simple explanation about why we donât know what to do in the current Australian Economy
Australians head for their first endogenous shock in 30 years - MacroBusiness
Tips for Xero Roadshow for exhibitors and why we need an active ecosystem
Xero Roadshow Playbook | App Partner Edition (letsjourney.com.au)
Worst
Dext are determined to reinvent an accounting role Pre-Accounting: Why Small Businesses Canât Ignore It - Dext Blog
Death of the Accountants Exemption Michelle Levy advice review: Labor to âstress-testâ plan to overhaul financial advice (afr.com)
Xero State of the Union Report Take Aways
Dave
Surprised how popular mergers are in shifts in practice structure is 40% of practices offer employee benefits 40% dev and training, 33% track employee wellbeing, if you aren't happy leaveâŚ.we donât need to constantly berate the business model of accounting firms, enough firms are progressive to give staff choice and it's the laggards loss. Only 19% are home office only, that convo is dead, move onPaul
Bookkeepers donât equal accountants in any sense of practice but the report, like so many other strip both of their individual identities and can get the conclusion wrong More services doesnât mean more service Surveys are always an issueDave's not so new Trench
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While the entire world changes in response to war, inflation, the Covid Era work habits that are sticking round and Jim Chalmers attempt to alter the course of capitalism, our pertinacious host Paul Meissner proudly declares that TECH WILL NOT CHANGE (even though he knows ChangeGPS will drop 3 new products this year)!
Tax will Change Blue collar workers won't get the same ATO treatment as white collars The year of the micro business as COSBOA gets the chance to stop pandering to unions The year of return to employment for failing micro businesses Conference Schedule overload Post Conference marketing to accountants to be .... reduced? NAH! The voice of accountants gets organised to have impact for small business and themselves Professional bodies make an effort to improve, hopefully There has to be a growth in offshoring Conference Content maintains its repetition Accountants look after themselves!!
Before we dive in, a huge thank you to our episode sponsors 'Access Offshoring'. Are you struggling to find quality staff in your firm?
Speak to the team at Access Offshoring. They specialise in finding quality talent in the Phillipines, trained on Australian tax law. They can help you improve your margins, unlock your capacity and get your firm back on track.This show is proudly sponsored by Access Offshoring and ChangeGPS
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We are brought to you by ChangeGPS LIVE FROM BRISBANE https://www.eventbrite.com.au/e/changegps-live-from-brisbane-tickets-460588100407
Best on Ground
Trenches Award Finalists https://awards.fromthetrenches.com.au/ GET YOUR TICKETS NOW and enjoy some early bird pricing
Could the real CAANZ Members please stand up? YES!!!!!
https://www.linkedin.com/feed/update/urn:li:activity:6995548683614253056/
Work from Home For Ever is done
https://twitter.com/ShaanVP/status/1588589924072443904
Sensationalist Click Bait our way https://www.bloomberg.com/opinion/articles/2022-11-01/the-accountant-shortage-threatens-capitalism-s-future
Conor Clune published a paper on the governance of professional accounting bodies and he's coming on trenches https://www.emerald.com/insight/content/doi/10.1108/AAAJ-08-2020-4756/full/html
Xero small business insights is finally getting the recognition it deserves https://www.linkedin.com/posts/louise-southall-2038b6157_policymaking-at-the-reserve-bank-speeches-activity-6988004559528861697-0YO0/?utm_source=share&utm_medium=member_android
Great engagement from Tax Institute to a member concern https://twitter.com/austaxter/status/1582505298010382337
RIP Simple Fund Desktop https://www.bglcorp.com/2022/09/19/simple-fund-desktop-end-of-product-life-date-set/?utm_medium=email&utm_source=rasa_io&utm_campaign=newsletter
Worst on Ground
Early proof quality of work is declining due to staff shortage crisis https://www.afr.com/companies/professional-services/deloitte-calls-crisis-meeting-blames-staff-turnover-for-poor-audit-results-20221025-p5bsn8
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Today's CAANZ AGM was a "Sales Pitch" According to 25 year member Thomas O'Brien.
Thom asked a question at the AGM, he got a response but doesn't feel he got an answer, in fact he doesn't feel heard at all.
In this episode Thom gives his time to share his experience of trying to be heard by CAANZ during an AGM where CAANZ stated they were listening multiple times.
See omnystudio.com/listener for privacy information.
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This is one of the hardest episodes we've recorded. Both David and Paul have such pride in achieving our CA designations, the quality of the CA program and the effort it took to complete the program.
We feel that the current CAANZ doesn't represent the needs, interests or wants of public practice members and the board asking for votes at the AGM for a 15.8% payrise has understandably upset members. Many members believe this is unwarranted and want to do something about it.
CAANZ Board Assessment Process
David and Paul have discussed their views on CAANZ's strategy and values with a public practice lens and we believe the pay rise isn't warranted.
To be fair to the board, our plucky hosts have reviewed CAANZ strategy and assessed each pillar based on their own opinions.
Get the CAANZ Strategy here https://www.charteredaccountantsanz.com/about-us/what-we-do/vision-and-strategy
Why bother?
If all accountants do is complain amongst ourselves, and ignore opportunities for impact, we will eventually be pushed aside and taper off into further anger and frustration.
We encourage you to do the same prior to casting your vote. We are not campaigning a no vote, we are campaigning for you participate.
We encourage members in public practice to make their own decision, but if you have a view, don't leave it to other voices to drown you out, vote.
Next Steps
Members will have received an email entitled "Chartered Accountants Australia and New Zealand 2022 Annual General Meeting"
There is a link to register your proxy with a no vote and assign it to the president to table at the AGM. This email also contains your Unique Identification Number (UIN) that you'll need to register your vote.
While members who feel the organisation is being mismanaged can't do a lot to be heard, we CAN do this.
This isn't a call for resignations or mutiny, it's simply another attempt by members with real passion for the industry and pride in our designation to be heard.See omnystudio.com/listener for privacy information.
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The Australian Accounting Industry Awards looks to celebrate hard-working accountants, bookkeepers, and leaders of the industry for 2022.
Hailed as the Brownlow medal night for the accounting industry. These awards highlight the efforts and grit of our public practitioner community during arguably one of the toughest periods of their career.ââââ
Join us in Sydney, in late November, for a gala dinner for the ages. Strictly limited places, be sure to RSVP when tickets become available.
Nominate yourself or a friend here https://awards.fromthetrenches.com.au/
The Australian Accounting Industry Awards are brought to you by
Weel ChangeGPS Dext Content Snare Access Offshoring Aider Lightyear Australian Bookkeepers Network Everperform and The institute of Certified Bookkeepers
Our Awesome media partners are Accountex SYDNEY 2023 and XU Magazine
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When Xero goes down does CTO Mark Rees get a red alert alarm in the middle of the night? Is it red flashing lights and blaring alarms?
Listen to find out as Paul Meissner goes 1:1 with Mark Rees at Xerocon
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There are so many new payment apps now.
Some of them are payments but cheaper and other build great workflows to solve business problems you currently have.
And there is a ton of work being done to help banks understand Xero data.
And the person overseeing this strategy is Xero's Leigh O'Neill.
Check out our other Xerocon Interviews.
4 Minutes and 31 Seconds with Jo Lyons @Xerocon https://omny.fm/shows/from-the-trenches/4-minutes-and-31-seconds-with-jo-lyons
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New Xero APAC Managing Director Jo Lyons has the energy one needs to take on this enormous job.
In this 4 minutes and 31 second floor walk interview Jo and Paul capture the energy of Xerocon.
Check out our other Xerocon interviews
Financial Services and Xero - What and Why with Leigh O'Neill - EGM Financial Services
Where's the product? With Mark Rees CTO
Huge thanks to Xero for comping Paul and Dave some Xerocon tickets.
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It's a nervous feeling as we get ready for for the biggest gathering of the industry in 3 years with the 3,000 odd attendees slightly eclipsing the 13 odd people who went to the IPA crypto conference.
This is the retail junket we have all been looking for, the most accessible one that has sold out by attendees, was over sold to sponsors and stands to re shape the energy in the industry.
And we discuss, if we don't expect major product announcements, and if the content is more wokey, techy, thoughy leadershipy stuff you could get anywhere then why did it sell out? And why are we so excited?
Well, because this is the greatest peer accounting community in the region and the industry clearly craves coming together.
In this years preview Dave and Paul cover:
Is this a tech conference or an accounting conference?
What we're looking forward to
What we want to learn
Who we want to meet (hint, it's you).
Software Vs Accountants Futsol Penalty Shootout
Want to kick a ball at the head of a software vendor (And be ok with them kicking back)?
Software Vs Accountants Futsol penalty shoot out will go ahead live at
Time 2.00 PM
Day 2 Wednesday
If you want to attend send Paul, Dave or Trent a message on social media or email [email protected]
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Best on Ground
Tyler Casky takes the Moral High ground on paid influencers https://www.linkedin.com/posts/tylercaskey_i-love-little-innovations-like-this-they-activity-6964724147667025920-k72D/?utm_source=linkedin_share&utm_medium=member_desktop_web
The rise of Workplace TV
Madmen Succession Halt and Catch Fire Silicon Valley Industry https://www.newyorker.com/culture/cultural-comment/the-new-season-of-industry-and-the-rise-of-workplace-tv/ampPauls Rant got 50k Linked In views - but is he right?
https://www.linkedin.com/feed/update/urn:li:activity:6963277532511043585/
Progress on the Gender Pay Gap at the Big 4
https://www.afr.com/companies/professional-services/financial-review-consulting-salary-guide-2022-23-20220808-p5b815
Paul
Excel formulaâs: ââhttps://www.linkedin.com/posts/asifmasani_financial-modelling-formulas-ugcPost-6965610625259454464--7kU?utm_source=share&utm_medium=member_desktop
We need a Recession so tech staff find out what hard work looks like https://twitter.com/JohnWRichKid/status/1561023740577779713
Worst on Ground
David
Quiet quitting isn't real - we used to call it being lazy, this is just the old gen thinking the new gen work less - https://www.accountantsdaily.com.au/appointments/17457-excess-overtime-fuels-quiet-quitting-epidemic
This is what 16% homeloans look like - Literally https://www.linkedin.com/posts/james-n-nicol_these-are-not-high-interest-rates-this-activity-6968392410934501376-kJ4j/?utm_source=share&utm_medium=member_desktop
Nonsense Mission Statements getting called out https://www.afr.com/work-and-careers/management/ashurst-should-accept-its-purpose-is-not-extraordinary-20220722-p5b3qc
Paul
CPA too late on capacity to pay letters
https://www.accountantsdaily.com.au/business/17328-avoid-capacity-to-pay-letters-warns-cpa-australia
Chartered Accountants Launches another review - we don't care, what matters is implemented changes.
Intuit has rebranded to a simpler font. Why? https://www.intuit.com/blog/news-social/unveiling-our-new-intuit-logo/?cid=soc_employee-ambassador&utm_channeltype=LinkedIn
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What a week to make worst on ground. No matter how hard you tried, some other company did it worse.
Xero are pulling their much loved version 1 reports. That was a show untilâŚ
KPMG got caught cheating and CA did barely anything about it. That was a show untilâŚ
CAANZ took 18 months to do what little they did causing all three accounting bodies to get a please explain from the Professional Standards Authority and somehow found a way to defend their actions and blame their processes instead of any one person.
Sounds like the type of unaccountable culture that could lead toâŚ.sayâŚâŚsystemising ethical breaches.
Best on Ground
David
Xeroâs Emotional Tax Return Campaign https://www.linkedin.com/posts/joseph-lyons-au_running-your-own-business-is-an-incredibly-activity-6949868389066514432-7Qly/?utm_source=linkedin_share&utm_medium=member_desktop_web
Accountants Daily new Editor Phil King is capturing the mood of the industry with tech news and industry voice
Paul
New Xero product - Xero go. Interesting given the current app already has a lot of the functionality. https://www.xero.com/blog/2022/07/xero-go-for-uk-based-sole-traders/
Beta testing new tech is good for the customer.
AI in Food - https://www.afr.com/technology/pizza-giant-gets-into-maths-of-preparing-food-before-orders-arrive-20220713-p5b1g0
Worst on Ground
Paul
CA canât uphold the ethics of the profession
https://www.afr.com/companies/professional-services/professional-regulator-blasts-shocking-delay-in-kpmg-cheating-probe-20220718-p5b2jn
Perception that CA treat big firms better than small may not be true CAANZ blame their processes, but what about their people? Who is actually responsible? The by-laws canât punish the right entities How important is being part of the Professional Standards Authority?ANZ - MYOB - Suncorp - Myob
https://www.arnnet.com.au/article/699933/anz-drops-myob-acquisition-talks/
David
Rezza hood manages to upset accountants and bookkeepers in one overly salesy Hpost
https://www.linkedin.com/posts/rezahooda_accountants-accountingandaccountants-activity-6953303419453378560-b5xX/?utm_source=linkedin_share&utm_medium=member_desktop_web
Mass Media Fear mongering on interest rates makes us dumberhttps://www.linkedin.com/posts/michaelhutchens_australias-mass-media-reporting-of-the-reserve-activity-6949950144876290049-rnjx/?utm_source=linkedin_share&utm_medium=member_desktop_web
Atlassian is so unprofitable but we worship them
https://www.smartcompany.com.au/startupsmart/analysis/atlassian-unprofitable-valuation-adam-schwab/
Why VCFO Fails https://www.linkedin.com/feed/update/urn:li:activity:6947990583122513920/ VCFO association is part of the solution they spend their time trying to educate on the difference https://vcfoassociation.com.au/
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This Episode is brought to you by ChangeGPS - Growth Profit Systems making accounting client friendly (brought to you means Dave did it on ChangeGPS time).
Register for the 2022 Financial Statements + Tax Return Workpapers Masterclass
Monday 1st August 2022
1:00-2:00pm AEST
2022 Financial Statements + Tax Return Workpapers Masterclass (changegps.com.au)
Do you want to get your entire team to have an efficient and standardised Year End process?
Invite the whole team - even your juniors! - for our 2022 Financial Statements and Tax Return Workpaper Masterclass. With a consistent âone-way for everyoneâ approach, your firm will be able to:
work efficiently to deliver year end, the same way, for all clients de-risk by ensuring all work is produced to an exact quality standard train your employees with a comprehensive client service system and simplified workpapersYou'll join ChangeGPS Founder, Timothy Munro, and CEO, David Boyar who will deep dive in to our most popular workpapers, utilised by thousands of accountants across Australia.
Register now 2022 Financial Statements + Tax Return Workpapers Masterclass (changegps.com.au)
Join us to learn:
Why âone wayâ of doing things across your entire firm maximises your production and minimises your review time The balance your team needs to take to keep your jobs profitable without becoming an ATO auditor on every transaction! Why Excel workpapers strike the accountant's perfect balance between standardisation and flexibility Why Excel Workpapers and Xero Workpapers combine for management review perfection How to get your clients engaged in the year end process without relying on a threat from the ATOPLUS: See how your clientâs TAX OBLIGATIONS should be recorded at year end on their Balance Sheet and how our 2022 Tax Checklists help prompt your team to ensure this always happens!
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The orange, and widely loved Dext (Previously Receipt Bank) has had an interesting run.
Widely regarded as the best technical product for receipt automation, it's been a different couple of years for this fast paced start-up!Dext Chief Revenue Officer Alistair Newman says they're bigger, and better and have new ways to build relationships with you their customer.
But the accounting community has a lot of questions, and we are lucky to sit down and get some real answers from Al himself when he was down under in Australia last month.
In this episode we discuss the rebrand to Dext, the widely discussed pricing changes, the acquisitions and where the company is headed next.We give a hearty Trenches congratulations to Al for this interview.
He sat there and took the direct elephant in the room questions like an absolute pro.
Well done mate, as a community we really appreciate it.________________________________________________________________
Dext are proud sponsors of From The Trenches - Trenches Summit 2.0
Check out the Dext's Keynote at Trenches Summit 2.0
The Australian Accounting Tech Report: Solving the time/tech conundrum. A talk by David Boyar, Glenn Castle, Michael Johnson and Cassandra Scott
Register Here https://summit.fromthetrenches.com.au/talks/dext-keynote/
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Best on Ground
Accounting Coaches that prove their value – with a p and l!
https://www.linkedin.com/posts/sharonsnetwork_business-accounting-coaching-activity-6923203081497182208-EN8M/?utm_source=linkedin_share&utm_medium=android_app
Even when McKinsey stuffs up they win
https://twitter.com/MattZeitlin/status/1517279854135107584
What happens after you sell your payroll app? Richard McLean (@richviking99) / Twitter
If you work for a tech company and rely on your shares instead of your wages/bonuses you’ll probably lose out
https://investing1012dot0.substack.com/p/valuations?s=r
Paul – Not best or worst, just really interesting seemingly lots and lots of LinkedIn new job posts. Not great resignation but Great Movement. Divipay have 14 jobs open! https://www.linkedin.com/feed/update/urn:li:activity:6936623969076658176/
ChangeGPS have 3 open positions Work with Us (changegps.com.au)
Worst on Ground
Power to accountants doing what the bodies aren’t
https://www.linkedin.com/feed/update/urn:li:activity:6927750334123556864/
Meanwhile the IPA and CA submissions were dated AFTER the advertised due date after having 6 years to get their act together!
If Benny Hill music had a font type it would be the new sage logo https://www.business-live.co.uk/professional-services/software-giant-sage-unveils-new-23796099
Accounting Bodies Out of touch with the urgency of s100a
Xero Roadshow Review
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Best on Ground
Paul
Tech wont change your life much in the next ten years - here’s why https://twitter.com/sweatystartup/status/1505125330817802244
Fast Collapse:
https://www.axios.com/fast-checkout-startup-collapse-029d1601-6d4f-43a4-b816-bd4b15771bbe.html
AccountexAU launch
What it needs to prove: That it can make a fair profit for it’s substantial risk with the available quality content providers https://twitter.com/AccountexAus/status/1511555738430500864
Farewell Craig Walker https://twitter.com/storminwalker/status/1509699836463005698
David
A new Practice Manager Consideration
I recently got asked if the practice management solutions actually solve a problem (so many firms just use excel) - CAA use Karbon. Paul uses excel and XPM and we hear about FYI docs all the time but PWC has chosen….Monday https://www.linkedin.com/posts/mondaydotcom_global-alliance-with-kpmg-ugcPost-6902266804081958912-8qPt/
Tinder for tax
Gofar making FBT simple and is calling itself Tinder for Tax
https://www.gofar.co/
How GoProposal gets it’s staff to work in the office https://www.linkedin.com/feed/update/urn:li:activity:6917789747926949888/?commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A6917789738972110848%2C6917964958639030272)
Even Jerry Seinfleid knows big firms aren’t better https://twitter.com/buccocapital/status/1510249981789282304
Worst on Ground
Dave
Frustrated how we seem to keep printing money? Monopoly has your answer https://twitter.com/biancoresearch/status/1510254967113748485
The war in Ukraine - and the impact on accountants with clients doing business in Russia https://www.linkedin.com/posts/daniel-rosenblatt-trade-law_sanctions-russia-belarus-activity-6905150591698644994-Vdha/
Accounting Bodies are Failing.
Accounting Bodies gloss over their systemic failures around talent and there aren’t enough accountants to lodge returns.
They are the accountant makes There aren’t enough accountants We lose the battle for talent on campus We focus on mental health after the damage is done and do nothing to stop the system that creates the mental health issues s100a retrospective changes is the best example Who will lodge the tax returns in 10 years? CPA seems to focus on their total members not their tax lodgers.https://www.accountantsdaily.com.au/business/16806-accountants-turning-from-technicians-to-problem-solvers/amp
Small Practitioners don't have a voice - s100a proved it - No seat at the table yet again
ATO says industry asked for s100a guidance? But who asked? Who is actually your voice here? Check out who sits on the ATO’s consultation group. Did they represent you? https://www.ato.gov.au/general/consultation/consultation-groups/stewardship-groups/private-groups-stewardship-group/
The current advocacy system is designed to get you to comply, not to represent you.
Independence? IPA CEO appointed to TPB Board making a judge, jury and executioner
https://www.tpb.gov.au/news-media/media-releases/tax-practitioners-board-welcomes-two-new-members
The TPB accredits the IPA - From their website Professional associations may be accredited by us as a recognised tax agent or BAS agent association if they meet certain requirements in the Tax Agent Services Regulations 2022 (TASR). The IPA Accredits Accountants - From their websiteThe IPA is a professional accounting body which sets professional and ethical requirements for its members, which they are required to uphold.
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5 years ago Paul Meissner stood in the door frame of David Boyar's office at the fancy co-working space WorkClub on Collins St Melbourne. It was so fancy, by co-working standards that it hard original parquet floors.
Arguing about something Xero had just done Megan Velo, who seemed to do all of David's client work, suggested the two should start a podcast.
Ron Lesh and BGL backed it.
5 years of tech promises, tech deliverables, delayed tech, industry body fails, and change that was sped up by a pandemic went past.
An active community desperate for a voice was developed.
Trent McLaren was appointed as CEO.
Then Linked In reminded Dave and Paul, it was their 5 year anniversary and they just so happened to be booked for a live show at the ChangeGPS Summit on the Gold Coast.
So Dave and Paul did what they've done so many times before. They hit record.
Joining the show
BGL CEO Ron Lesh
From the Trenches CEO and DiviPay head of accounting Trent McLaren
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Listen to learn:-
The major announcement - the trenches team is expanding How changing your firms purpose can win the war of talent in the accounting industry Why it is hard to establish relationships in the accounting sector How the world would be if it only had accountants Governments blaming accountants for their forecasting faults Why tech companies need to separate bookkeeper and accounting messaging Why top line growth doesn't make you happy David explains the plan and session for the Trenches GPS Summit on May 2022Best on Ground
Paul
Real time dashboards are overkill https://www.linkedin.com/posts/lukalovosevic_data-automation-realtimeanalytics-activity-6889545309546938368-XEzY/
ReckonOne is more popular than most of us think, great results from Reckon
https://www.reckon.com/au/media/half-year-financial-report-2021-reckon-delivers-strong-results/
The IPA SHOULD host their tax deductible junket conferences in Fiji otherwise we can't justify any benefit at all to Australian members for this https://www.accountantsdaily.com.au/business/16650-ipa-and-the-fiji-institute-of-accountants-announce-partnership
David
Baker Tilly Changes it’s purpose away from lodging tax returns https://www.linkedin.com/posts/alan-whitman-357ab91_purpose-nowfortomorrow-activity-6896447373279911936-9rV3/
We don’t celebrate raises often but HNRY raising 16m at a 100m valuation is good for Australian Accountants https://www.stuff.co.nz/business/127646547/wellington-startup-hnry-eyes-expansion-after-securing-16m-investment
The IRS joins Tik Tik - hilariously https://twitter.com/dhtoomey/status/1488270707406614528
Poor accounting leads to $5billion in extra rail payments https://www.abc.net.au/news/2022-02-09/nsw-government-criticised-over-accounting-by-auditor-general/100816682 and Lance Rubin responds https://www.linkedin.com/feed/update/urn:li:activity:6897288212595798016/
Worst on Ground
Paul
More traditional accountant bashing:
https://www.linkedin.com/feed/update/urn:li:activity:6897992721726795776?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6897992721726795776%2C6898074647389175808%29
David
The busted client https://twitter.com/IraGilligan/status/1487146713949343753
The connected/Xero/Tech Savvy accountant is still news to the average business owner even though it’s ten years old https://digitalmag.theceomagazine.com/anz/march-2022/innovate/nick-urry/
Outdated Hiring Practices - We are not who we worked for we are what we do https://www.linkedin.com/posts/activity-6897313048122544128-qS8U
Quotes from the Episode
“I don't know how people can attract anyone to the profession when for 20 years they said the profession is not going to exist.” Paul
“One thing that's hard to replicate in the accounting industry is the relationship.” David
“Financial models are wrong because the drivers are wrong” David
“There’s a difference between a model being wrong and the actual application of accounting standards.” David
“We are not who we worked for. We are what we do.” Tyler
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