Host Jotham Lian is joined by Michael Carruthers on this episode of Accountants Daily Insider to discuss incoming legislative changes in the tax realm.

The tax director at Knowledge Shop delves into the implications of the Combating Illegal Phoenixing Bill, other debt obligations that director clients can be liable for, and what practitioners need to know about the Superannuation Guarantee Amnesty Bill.

Michael also shares the headline recommendations of the Board of Taxation's recent review of small business tax concessions, current trends in the training space, and what the recent acquisition of TaxBanter means for Knowledge Shop.

In this episode of Accountants Daily Insider, Professor Robert Deutsch, senior tax counsel at The Tax Institute, delves into key tax issues that accountants should be paying close attention to over the next year.

Robert joins host Jotham Lian to share his insights into the international activities that are likely to trigger repercussions in the Australian tax sector, the problems currently occurring in the fringe benefits tax space, and the implications of legislation regarding the denial of CGT main residence exemption for foreign residents.

Robert also forecasts his predictions for this year's federal budget, recommends how to improve the relationship between practitioners and the Australian Taxation Office, and provides details about The Tax Institute's national convention, The Tax Summit 2020.

All too often, property investors are so focused on returns that they neglect to consider the tax implications of their investments.

On this episode of Accountants Daily Insider, host Phil Tarrant is joined by the acting assistant commissioner of individuals and intermediaries at the Australian Taxation Office, Adam O'Grady.

Adam dissects statistics around the property investment space in Australia, outlines key policy changes which investors should be aware of, and breaks down the process for making changes to tax law.

According to director at LMS Advisory Alexander Laureti, policy changes are a great opportunity for accountants to review and improve relationships and processes with their clients.

In this episode of Accountants Daily Insider, Alexander joins host Sarah Kendell to discuss the implications of upcoming changes in the accounting space, including the transition from AUSkey to myGovID, the implementation of Single Touch Payroll and the imminent rollout of e-invoicing.

Alexander shares his insight around timing such transformation projects, the feedback he's received from clients in response to the changes, and the challenges and opportunities he foresees for the industry in the year ahead.

On this episode of Accountants Daily Insider, George Morice outlines the key issues that accounting firms and their small business clients will be facing in 2020.

The accounting director of Prime Partners joins host Sarah Kendell to shed some light on how accountants can support their struggling business-owner clients, the importance of technology in increasing productivity, and why his firm is providing complementary strategic resources for SMEs seeking growth.

George also explains how firms can future-proof their businesses, why adding value and bettering client relationships is the most critical aspect of a successful practice, and how accountants can play a role in helping their rural clients rebuild in the aftermath of Australia's bushfire crisis.

With the devastating bushfire crisis currently gripping Australia, 2020 is predicted to be a turbulent year across all industries and the accounting profession will not be exempt from these challenges.

Director of Smithink David Smith joins host Sarah Kendell on this episode of Accountants Daily Insider to share his insights into the types of issues that accounting firms might face in attempting to rebuild from the impact of the fires.

David also emphasises the importance of a strong digital marketing strategy for accounting firms, suggests how business owners can combat the challenge of recruiting and retaining employees in the industry, and provides recommendations on the most beneficial new initiatives that accountants should consider in 2020.

On this episode of Accountants Daily Insider, host Sarah Kendell sits down with the executive manager of SMSF technical and private wealth at SuperConcepts, Graeme Colley, to discuss recent regulatory developments in the SMSF space and the subsequent impact on industry professionals.

Mr Colley shares his views on whether claims made by ASIC in their fact sheet on SMSFs are exaggerated or misleading, runs through the standard costs for servicing different types of funds, and explains the difficulties in comparing performance figures when considering SMSFs versus APRA funds.

He also outlines SuperConcepts' involvement in the consultation process with the ATO and the new non-arm’s length income (NALI) laws, suggests how the regulations can be amended to provide a more practical solution for accountants, and responds to the contentious topic of the ATO's campaign around investment strategy.

Accountants working with clients investing within their SMSF will be familiar with the recent ATO campaign sent to around 17,000 trustees warning that they may not have adequately considered diversification in their investment strategy.

In this episode of Accountants Daily Insider, host Sarah Kendell is joined by the director of Tactical Super, Deanne Firth, who will discuss how the campaign has impacted the SMSF audit space and considerations for accountants to be aware of.

She will share how the campaign has led to her surveying her clients, explain how some clients are in fact more diversified that they seem on paper, and unpack the role of financial advisers in overseeing the diversification of their clients' investment funds.

2019 has been a period of technological transformation in the accounting industry, and according to general manager at MYOB, Blake Collins, it's only going to expediate in the coming year.

Blake joins host Sarah Kendell on this episode of Accountants Daily Insider to provide insight into how accountants can optimally embed technology into their businesses; what firms can do to prepare for the transition to myGovID; and how new tech platforms will enable a simplified, more efficient way of working for accountants.

Traditionally, clinical psychology focuses primarily on the faults, failings and weaknesses of patients in order to effectively treat psychological disorders. Positive psychology represents a shift away from this deficit approach to one that concentrates on emphasising strengths and happiness as a means to mental wellbeing.

On this episode of Accountants Daily Insider, chief happiness officer at The Happiness Institute, Dr Tim Sharp, joins host Jerome Doraisamy to outline the key benefits offered by positive psychology, explain the generalised principles that professionals can implement in their daily lives, and reveal how he personally adopts this model of psychology in his own life.

Dr Happy breaks down the difference between popular psychology and positive psychology as represented on social media, debunks the common misconception that so-called negative emotions should be avoided, and suggests the importance of using flexible methods of thinking in different circumstances.