Show Notes
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 Walkerhttps://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
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.
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 website
The 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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More from From The Trenches
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 share
As Statler said to Waldorf, the witty old blokes in the VIP box on the Muppet show; “There’s a lot to be said about this program.” To which Waldorf quipped back; “Too bad you can’t say it on a family show!” 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/
My Father was a public practitioner for 40 years and my family lost him this year.
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.
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)!