From The Trenches

Welcome: 0:00,

BOG: 2:20,  Matt Paff's review of QB Connect that no one else will write https://www.linkedin.com/pulse/qb-connect-sydney-review-no-one-else-write-matt-paff

The ATO offering penalty and GIC remissions on the back of their tech challenges this year.

The Accounting Industry is full of high integrity professionals

http://www.smh.com.au/business/banking-and-finance/a-few-bad-apples-its-a-dodgy-adviser-orchard-20170317-gv0htc.html

WOG: 8:40,

More click bait from Xero, where the headline doesn't match the article https://www.xero.com/blog/2017/05/sme-owners-look-accountant/

More Rubbish about robots taking our jobs (but not florists) https://willrobotstakemyjob.com/

Media watch: 15:00

We don't think the industry is better for the CPA affair but we don't like some media self congratulating themselves over it.

https://mumbrella.com.au/joe-aston-alex-malley-triumph-campaigning-journalism-448450

5in5: 19:50

A very special 5 in 5 with My Prosperity CEO and former Xero Au Country Head Chris Riddhttp://www.myprosperity.com.au/

In depth: 33:10 We applaud the Big 4 for trying to take our SME clients.

This weeks episode is a lot of fun as we look at what happens when the Big 4 firms try to tackle the SME market and maybe don't succeed as much as they want. How can Small and Medium sized accountants capitalise on this opportunity?

Remember to rate and comment on the iTunes store and share with your friends in the industry.

   David reviews the Australian Accounting Awards, Rod Drury sets the media strait (though they didn't bother reporting on it) and we have a thorough conversation about why things needs to change with the way the CPA saga is being handled and reported.    Welcome - 0:00BOG - 0:59Paul - The Good The Bad and The Ugly Technology report, Bad signs for MYOBDavid- Reviews the Australian Accounting Awards https://www.momentummedia.com.au/2017/05/26/winners-announced-for-the-2017-australian-accounting-awards/ WOG - 9:40David - The instant asset write off deduction is over rated and not many SMEs are using it https://www.accountantsdaily.com.au/news/10274-smes-not-utilising-20k-write-off-survey-shows Paul - David Koch has given the wrong tax advice in a very public manner http://www.news.com.au/finance/david-and-libby-koch/beware-capital-gains-tax-when-leaving-the-family-home-to-loved-ones/news-story/275d1f5500ace6f65903373059ddf961  5in5 - 17:30Chris Hooper Accodex Partners https://www.accodex.com/ Media watch - 27:05When the CEO of Xero talks down the death of compliance, the automation of our jobs and the reduced role of the accountant, even in the face of IE, mainstream media should listen https://therevolutionaryfirm.com/podcast/rod-drury/ Indepth Topic - 34:10The CPA Australia Saga is hurting our industry. You can read all about the media announcements in this great summary http://www.cmawebline.org/ontarget/the-lack-of-transparency-at-cpa-australia-a-synopsis-of-media-reports/

0.00 Welcome

0.38 BOG David Receipt Bank’s relationship management is elite

BOG Paul Quickbooks financial results announced and Rod Drury (Xero) was a gentleman about it https://twitter.com/roddrury/status/867129307755192320

BOG Paul MYOB trolling XERO with billboard promotions next to the Xero building https://twitter.com/roddrury/status/866496208407216132

5.32 WOG David Vendors who charge extra for pay pass and merchant fees https://www.linkedin.com/hp/update/6272543123197558784

WOG Depreciation schedule businesses saying new depreciation laws have gone too far – Of course they have, it directly threatens their business! https://www.accountantsdaily.com.au/tax-compliance/10260-concern-new-depreciation-legislation-too-wide

14.15 5 ON 5 with Nick Nick Ciccocioppo from http://www.accomplicesolutions.com.au/

21.17 MEDIA WATCH Odyssey Resources claiming that florists are being commoditised as much as accountants have been (AKA Paul’s favourite topic). https://www.odyssey-resources.com/2017/05/black-swan-event-just-corner-australian-compliance/

26.15 IN DEPTH TOPC: Why the Uber of Everything doesn’t relate to our professions

Get excited, because we did. We aren’t happy about being compared to taxi drivers who got ‘’Ubered’’, we think its unfair that we have to pay 20c to use pay pass, Receipt Bank is nailing customer service, Xero V MYOB is better than an Epic Spy v Spy from Mad magazine and Nick Ciccocioppo gives some ripper advise about testing apps.

0- 1.40 Welcome

1.41 BOG Paul – Quick Books Connect and a review of where the product is going. Paul got star struck by the celebrities and the amount of resources being thrown at the product.

4.15 BOG David – QB v Xero Stoushes and Meissner V Accountants Daily in twitter stoushes covering QB Connect. Rod Drury’s accessibility on twitter is how leadership should be done in 2017

7.50 BOG David – Defending Tim Gurner and Australia’s tall poppy syndrome is bad for Australia. Tim’s message about spending habits should be heard by accountants advising clients. http://www.news.com.au/finance/real-estate/buying/tim-gurner-responds-to-backlash-to-4-coffee-and-smashed-avocado-comments/news-story/3f1dab7c3c19a7ac5d126039a5803caf

10.25 WOG David – CPA Australia is starting to make the entire industry look bad because the average customer of accounting services don’t know the difference between CPA and CA. http://www.afr.com/brand/rear-window/is-cpa-australia-fudging-its-membership-growth-numbers-20170517-gw6zy1

13.20 WOG Paul – The ATO tax Fraud Scandal – Is this a tv mini series is the making? http://www.theage.com.au/nsw/the-close-calls-that-almost-derailed-a-165-million-tax-fraud-syndicate-20170518-gw80ab.html

15.45 5 in 5 – 10 5 in 5s recorded at QuickBooks Connect Adam Ramage Director Lang Lanyon Partners http://www.lanyonpartners.com.au/

23.52 Media Watch – The most balanced article about the future of accounting ever. https://www.forbes.com/sites/forbesfinancecouncil/2017/05/16/looking-ahead-how-automation-will-change-the-accounting-industry/#7be9e6767f30

28.10 Will the impact of Artificial Intelligence live up to the marketing and tech hype.

The Budget! ScoMo& Co's latest attempt to balance our countries book and *cough cough* win back voter support.

Our budget special looks at some of our favourite budget commentary from drinking games to infographics and everything in between.

We also trawled through budget papers to find some of the more quirky measures brought in what is the ultimate geek fest for an accountant and a Virtual CFO.

Welcome/Introduction - 0:00

BOG - David - (1:25) 

BOG - Paul - (3:23) 

WOG - David - (4:43) 

WOG - Paul - (6:35) 

Media Watch / Fake News - (9:04) 

In-depth topic - (13:47) 2017-18 Federal Budget

We delve into the ideas behind growing your firm fast and question if it worthwhile, have a chat about what's going on at CPA Australia and as usual, trawl the media to find the best and worst news for you.

Welcome/Introduction - 0:00 BOG - David - (1:26) Accountants Jargon. Link: http://www.afr.com/business/accounting/the-unauthorised-guide-to-things-accountants-say-20170423-gvqxxr BOG - David - (2:26) Robots are the future. Link: http://www.afr.com/news/policy/industrial-relations/what-are-the-jobs-of-the-future-experts-weigh-in-as-rise-of-robots-calls-for-reinvention-of-work-20170412-gvj9lx BOG - Paul - (3:35) The death of compliance is exaggerated. Link: http://www.afr.com/leadership/the-death-of-tax-agents-may-have-been-exaggerated-20170424-gvr9co WOG - David - (9:40) Dashboards aren't the answer. Link: https://www.accountantsdaily.com.au/professional-development/10163-stumbling-block-hitting-accountants-advisory-services WOG - Paul - (13:10) Sage Marketing manager posting to LinkedIn with comments disabled WOG - Paul - (14:51) Intuit thinks Accountants are criminals and want's to warn businesses. Link: http://www.intuit.com.au/r/small-business-accounting/how-to-prevent-creative-accounting/ Media Watch / Fake News - (17:10) What is going on with the CPA board 5 in 5 #1 - (22:41) Jason Andrew, Founder, SmartBooks Online In-depth topic - (30:05) Growth vs profit & should Accountants use tech startup KPIs.