From The Trenches

Paul Meissner is back and takes no time pulling David up on his comments about compliance being under pressure. 

Unfortunately the CPA saga continues but working remotely, work life balance, and an MBA for accountants are some positive news stories to discuss. 

BOG

David: 

If your career is worth $10m then why aren't you pro actively managing it? 

http://theoutperformer.moble.site/post/how-much-is-your-career-worth?utm_content=bufferacc6a&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer  

Working Holidays are on the rise

http://www.news.com.au/finance/money/mixing-business-and-pleasure-is-key-for-aussies-who-work-on-holiday/news-story/491bb98846a5ba298126d4ca4b11e0a1

Paul

The IPA, MBA https://www.publicaccountants.org.au/education/ipa-program

WOG

David

Surely there are better ways to promote work life balance than an office social party https://www.accountantsdaily.com.au/professional-development/10564-workaholic-culture-persists-in-accounting-industry

Paul

The new industry super fund add is....well we can't really find the words, but it's a bit much https://www.theguardian.com/australia-news/video/2017/mar/20/industry-superannuation-funds-launch-fox-in-henhouse-attack-ad-video

Media Watch

MYOB survey reports are out of touch with what happens on the ground

http://www.dynamicbusiness.com.au/small-business-resources/tax/cloud-accounting-advancements-have-led-to-more-smes-doing-their-own-tax-says-myob.html

5 in 5 with the awesome team at Illumin8 http://illumin8.com.au/

With Paul still on holidays (because that's what cloud accounting lets us do) David is joined by Aptus Accounting Founder James Solomons who just happens to be the Head of Accounting at Xero to discuss a topic close to both of them

Should accou...

With Paul still on holidays (because that's what cloud accounting lets us do) David is joined by Aptus Accounting Founder James Solomons who just happens to be the Head of Accounting at Xero to discuss a topic close to both of them Should accountants do CFO work?DAVID BOG – Gary Turners Smack Down of an angry Xero Customer  https://twitter.com/increative/status/883278601508061184JAMES BOG – Gen Z need to be engaged https://www.accountantsdaily.com.au/professional-development/10510-generation-z-accountants-vital-to-firmsDAVID WOG Gen Z need to go to Uni https://www.linkedin.com/feed/update/urn:li:activity:6290302339660292096/DAVID WOG – The accounting principal of measurement is under threat and it this trend in junior footy continues, Gen Z are going to be pansies not fit for business http://www.heraldsun.com.au/news/opinion/susie-obrien/susie-obrien-kids-lose-out-when-scores-are-capped/news-story/4e08433867a127d4f984478c2d71d1a0JAMES WOG – Quick Books OnlineGST Avoidance – when its convenience  https://twitter.com/QuickBooksAU/status/884913106677137408Media Watch – Rod Drurys Tweet about how Xero is reported in NZ and AU - Tall Poppy Syndrome and what will it be like when Xero becomes the hunted here? https://twitter.com/roddrury/status/884946329809453056 In Depth : Should Accountants do CFO Work? 

David is left to run the show as Paul takes the family to Bali. Katarina Taurian, Editor of our favourite industry news site www.accountantsdaily.com.au fills in to help out.

BEST ON GROUND

Katarina 

Rise female accounting leaders! PWC take a huge step towards creating pathways for female leaders

https://www.accountantsdaily.com.au/professional-development/10498-scrap-billable-hours-rethink-quotas-accountants-told

David

Speaking truth to power Sri Ansari Vs Deloitte

https://www.linkedin.com/pulse/rpa-scraps-broken-bots-cancer-disasters-finally-true-sri-annaswamy-

WORST ON GROUND

Katarina 

ATO says there is nothing to see as their portal lets accountants down.

https://www.accountantsdaily.com.au/appointments/10493-software-firm-set-sights-on-mid-tier-market

David

Will SME clients pay for junior staff to do advisory? Is there a lesson? http://www.afr.com/business/legal/we-wont-pay-for-juniors-client-pushback-threatens-old-law-model-20170703-gx3pej

Media watch:

How is accounting news made? How can an accountant get featured in AD? We talk about how David had his opinion on advisory work published.

https://www.accountantsdaily.com.au/tax-compliance/10495-firm-takes-aim-at-fear-inducing-compliance-debate

In depth

How did the Alex Malley/CPA saga play out at Accountants Daily headquarters? We talk about the reporting the biggest accounting stories of the decade, or is it?

In another big week of news from CPA Australia we go deep and wide to find something to talk about other than the Alex Malley exit parade.

David finally sees a useful example of AI in tax research and Paul finds a way to actually use it. CAANZ offer...

Bog - 0:56

Really useful Tax AI  that actually does something and isn't just hype http://ailira.com/ 

CAANZ offering a pathway for CPAs to join https://www.charteredaccountantsanz.com/become-a-member/memberships/pathway-from-cpa-australia  and CAANZ members responding well https://www.linkedin.com/feed/update/urn:li:activity:6285569539547631616/ 

Wog - 7:17

The 20k instant asset write off actually only being a $19,999.99 instant asset write off is not the most confusing tax event of all time https://www.accountantsdaily.com.au/tax-compliance/10456-tax-institute-labels-20k-tax-break-confusing 

Deloitte really should have done a better job with the CPA directors remuneration report http://www.afr.com/business/accounting/cpa-deloitte-forget-to-mention-12m-in-exec-pay-20170701-gx2u3z 

Fake news - 13:42

MYOB has grossly over stated the amount of SMEs who will lodge their returns by themselves based on actual historical information https://www.accountantsdaily.com.au/tax-compliance/10428-smes-shun-accountants-this-tax-time-research-finds 

5in5 - 19:37 Steph Hinds from Growth Wise http://www.growthwise.com.au/ 

In depth - 28:04 3 things we are doing to kick start the year

Welcome/clarification - 0:00 

What Paul means by doing your due diligence on accounting coaches

BOG - 3:40,

David 

Ruslan Kogan rates Excel  https://www.linkedin.com/feed/update/urn:li:activity:6283905849060659200/ 

Seth Godin has a message for accountants https://www.google.com/url?q=https%3A%2F%2Fwww.entreleadership.com%2Fpodcasts%2F210-seth-godinchange-your-mind-chang

Paul 

CAANZ offering great insurance options v CPAA https://www.google.com/url?q=http%3A%2F%2Fwww.afr.com%2Fbusiness%2Faccounting%2Finsurance-shopping-cpa-style-20170623-gwx3nn You can see the options here https://www.google.com/url?q=https%3A%2F%2Fwww.charteredaccountantsanz.com%2Fmember-services%2Fbeing-in-public-practice%2Finsurance-and-liability%2Fprofessional-indemnity-insurance

WOG - 8:41 

David

Warwick Capper is not a good brand ambassador for accountants, yet, here he is https://cappertax.com.au/ 

Paul gets taken to the small claims court for not paying SAAS fees

Media watch - 17:00 

CPA trying to skip a media cycle with their Friday night announcement about Alex Malleys sacking and the marketing industry shows some hindsight on CPA's content marketing strategy

5 in 5 - 21:37 Ryan Lazanis - Xen Accounting Canada 

In depth - 34:25 Marketing options for accountants

BOG: 1:30

Paul -

XPM Multiple Tax Return Jobs

Xero Head of Partnerships defends Partners  https://www.linkedin.com/pulse/nigel-golden-age-accounting-anna-curzon 

IPA doing a great job https://www.accountantsdaily.com.au/professional-development/10367-ipa-ups-focus-on-social-impact-of-accountants 

David 

Nice new payments add on Bill Power http://www.billpower.co/ 

Innovative Virtual CFO marketing from https://www.cordner.com.au/ 

WOG: 8:40

David - The CPA Saga continues - brand accountant being damaged

Paul 

Not another accounting firm coach without real accounting firm experience

Media watch: 15:42

The B Star National Accounting Research Report https://www.bstar.com.au/ 

5in5: 25:15

Thoroughly enjoyable chat with Assistant Tax Commissioner Colin Walker 

Topic: 40:17 Leadership 

This is a must listen to as David and Paul list the 3 things they want and don't want in accounting industry leaders.

3:14 Welcome;

9:20 BOG

David - The Skills needed for future accounting graduates https://www.accountantsdaily.com.au/columns/10314-the-future-of-our-young-accountants

Paul - 4 directors step down from CPA Australia http://www.afr.com/business/accounting/david-spong-resigns-from-cpa-australia-board-fourth-member-to-step-down-20170612-gwp5om

WOG

David - CAANZ Business Forum should have come tohttp://www.accountingweb.com/technology/trends/the-state-of-ai-machine-learning-and-accounting

Paul - MYOB is giving wrong tax advice https://www.myob.com/au/blog/17-commonly-overlooked-ato-tax-deductions/

16:13 Media watch - When a business coach missed an opportunity to maximise the point of social media engagement http://twentysixgroup.com.au/blog/accounting-industry-complacent-thats-causing-ignore-huge-opportunity/ 

20:30 5 in 5 Noel Tiufinohttp://myaccounts.com.au/about-us/  Get an Advisory Board, Demonstrate a return to shareholder, and guess what, compliance isn't dead.

28:47 In depth - How to review Add Ons - A practical guide