Accountants Daily Podcast Network

In this exclusive interview with shadow financial services minister and shadow assistant treasurer, Stephen Jones MP, join Momentum Media's editor of mortgages Annie Kane as she speaks to the member for Whitlam about the valuable role that financial advisers and brokers play in supporting Australian borrowers and what the Australian Labor Party would offer the financial services, credit and superannuation space should it win the federal election. Tune in to find out: Why he thinks the FASEA education changes have been a debacle The reason he changed from going direct to using a mortgage broker What he thinks financial and credit advisers need to be focusing on moving forward And much more!

With WFH becoming increasingly mainstream, many are wondering whether a return to the office full-time will be a thing of the past. On this special episode, Fionn Bowd, chief executive of Bowd Legal, takes listeners through why she thinks Australia is entering a "golden age" for offices. Ms Bowd unpacks the avenues that employers can explore in enticing staff into spaces that are tailored to personal and professional needs. She also fleshes out how creating such an environment can lead to a better work community, collegiality and, ultimately, productivity.

Following the introduction of the SuperStream measures on 1 October 2021, release authorities and rollovers to and from SMSFs are now required to comply with new data and payment standards. On this special episode, hear from Matt Crofts, head of the Simple Fund 360 product at BGL on the opportunities practitioners have to help clients manage the knock-on effect. Also hear from Matt on what challenges these changes could bring to the sector, and how practitioners can properly prepare themselves heading into the new year.

As Australia's borders continue to reopen, so do a number of tax implications. In this episode of Accountants Daily Insider, Daniel Sparks, partner at Pitcher Partners Sydney joins host Emma Ryan to discuss what Australians need to be wary of when returning home from overseas. Daniel provides a comprehensive checklist of factors they should consider prior to making the move, and gives an overview of common tax traps many Australians overseas find themselves in. He also shares how he thinks practitioners are placed to help people navigate the implications, and what the 2022 calendar year will hold for employees and employers alike.

SMSF auditors and accountants have been hit by the "perfect storm" with changes in ATO requirements, new legislation, fee pressures etc, driving significant sector change. In this special episode of the Accountants Daily Insider, Aquila Super partner and SMSF expert for litigious matters, Chris Levy unpacks some of the main developments and what they mean for the industry, both now and in the future. As one of Australia's largest and most experienced SMSF specialists, Aquila Super has become the preferred outsourced SMSF provider for hundreds of accounting practices nationwide. Here, Chris provides a comprehensive, on-the-ground look at how changes to SMSF audit independence and the steady increase in litigation risk will impact the industry moving forward. He also provides insight on the ATO's increased presence as a regulator for SMSFs, the impact of COVID-19, and the general pressures currently placed on the SMSF and accounting sectors.

The Australian Tax Office has confirmed it has extended the work-from-home shortcut method. But what else is on the horizon? In this episode of Accountants Daily Insider, Michael Croker, tax leader at Chartered Accountants Australia and New Zealand joins host Emma Ryan to dissect recent moves made by the ATO and how these changes will reshape conversations with clients moving forward. Michael gives an overview of what to expect as the profession continues to evolve over the next 12 months and what he thinks will be the biggest challenges employers will need to navigate as their staff return to office. He also discusses the ATO's plans to "modernise" the 52¢ per hour fixed-rate method and what he hopes will come from it.

For those in tax law, the modern market is providing ample opportunity to better support Australian businesses and see them flourish. In this episode of Accountants Daily Insider, hear from ABA Legal Group director Andrew Antonopoulos and associate director Toni Eisenhut on their perspective surrounding the top tax matters they're seeing come to light. The lawyers dissect looming legislation and recent regulatory updates, and unpack the opportunities emerging in tax law both now and in the future.

The ATO's frosty relationship with the tax profession has been well documented in recent years, but change is underway as the Tax Office commits to support and engage more closely with practitioners. ATO assistant commissioner Sylvia Gallagher joins Accountants Daily editor Jotham Lian in a frank discussion about recent friction between the ATO and the tax profession and how it was never meant to be an "us versus them" situation. Sylvia also explores the variety of ATO support available to practitioners suffering from increased workloads brought on by the pandemic, and explains how her team will strive to find a solution for struggling practitioners as long as they reach out for help. She also touches on some upcoming items on the ATO's agenda, including Single Touch Payroll Phase 2, and the new director identification number regime.

The start date for Single Touch Payroll Phase 2 is fast approaching, but with everything going on around us at the moment, the ATO has decided to provide a short blanket deferral for all employers. In this episode of Accountants Daily Insider, we partner with Intuit QuickBooks to hear from Lielette Calleja, who sits on the ATO' STP Phase 2 advisory board, to hear about this latest concession and what it means for practitioners and their clients. Lielette, the chief accounting technician at the Association of Accounting Technicians and a director and founder of her firm All That Counts, also explains what the expanded reporting requirements of STP Phase 2 will look like, and why the government is asking for this data. She also shares some key points to help advisers prepare themselves and their clients for the change ahead.

With litigation involving death benefits in SMSFs on the rise, the time is ripe to evaluate your plans and ensure that chances of a dispute occurring down the track are minimised. In this week's episode of the SMSF Adviser Show, Cooper Grace Ward partner Clinton Jackson gives hosts Aaron Dunn and Jotham Lian a preview of his upcoming session on succession planning and estate disputes at the SMSF Adviser Technical Strategy Day. Clinton discusses growing dispute trends, safeguards to avoid estate disputes, and what he thinks of 6-member SMSFs and the opportunities and issues it brings to the table.

Welcome the first edition of the Cyber Security Uncut podcast with our hosts Major General (Ret'd) Marcus Thompson, former head of the Department of Defence's Information Warfare Division, and Phil Tarrant, director — defence and security at Momentum Media. The Cyber Security Uncut podcast is a fortnightly podcast unpacking Australia's innovative and vibrant cyber security sector, from the latest business trends facing the industry through to breaking global news. The pair begin by analysing the emerging trends within cyber warfare and the growing use of information operations as an exploitable domain. They also examine how cyber security is an ever growing financial risk to Australian companies, discussing the importance of cyber security protocols within businesses. The podcast wraps up by analysing the importance of a sovereign cyber security industry in Australia to service the nation's growing cyber security needs. Enjoy the podcast, The Cyber Security Connect Team

This year's R U OK? Day serves as an important reminder to open up the conversation on mental health, both in the workplace and at home, according to David Coleman, member for Banks and Assistant Minister to the Prime Minister for Mental Health and Suicide Prevention. In this special episode, join Momentum Media director Alex Whitlock as he speaks to Mr Coleman. Together, the pair discuss the importance of shining a spotlight on mental health issues, share why the consequences of stigmatising mental health are significant, and reveal how you can make a difference to your workplace, community, family and friends.

Treasurer Josh Frydenberg this week announced a reduction in ASIC levies for financial advisers, taking fees back to 2018-19 levels. But how did we get to this stage where levies have been constantly rising year-on-year? In this episode of Accountants Daily Insider, the Institute of Public Accountants group executive of advocacy and policy, Vicki Stylianou, joins host Jotham Lian to provide context around ASIC's industry funding model and what it was meant to achieve. Vicki explores how fees have risen dramatically over the years for financial advisers, registered liquidators, and auditors, and delivers a compelling argument on why the government should initiate a blanket freeze for all practitioners. She also discusses the upcoming review of ASIC's industry funding model and what she hopes will come from it.

Tax & Super Australia tax counsel John Jeffreys joins host Jotham Lian in this episode of Accountants Daily Insider to take a closer look at why accountants are doing it tougher this year. With state and territory governments rolling out new business support measures each time a lockdown is announced, John explores how accountants can be better supported as they are constantly relied on to help their clients during this difficult time. John also looks at how the ATO can play a bigger role in supporting the profession, and why the 85 per cent lodgement benchmark needs to be re-looked at as stress levels rise.

The ATO's position on non-arm's length expenditure incurred under a non-arm's length arrangement has now been finalised, but its interpretation has drawn concerns from all corners of the industry. On this episode of Accountants Daily Insider, DBA Lawyers director Daniel Butler joins host Jotham Lian and Aaron Dunn to take a closer look at the ATO's recently released LCR 2021/2. Daniel considers the expectation gap between the ATO and the industry, key concerns that have arisen, and what the future might look.

Accountants and bookkeepers were an invaluable resource for business clients amid the COVID-19 crisis last year, and the profession has again been called to the frontlines as the country continues to battle through lockdown restrictions. In this episode of Accountants Daily Insider, Intuit QuickBooks head of advisor strategy Meagan Wood and Oyster Hub co-founder Adarsh Dutt take a closer look at a new report which attempts to quantify the value of advice that the profession has provided over the last year. The pair explore how accountants have been crucial in delivering not just financial benefits for clients, but also non-financial benefits such as emotional support. Adarsh compares this year's Greater Sydney lockdown to last year's and the differences in business support measures on offer. He also explains how practitioners can ride the wave of trust and appreciation from their clients to position themselves as the advisers of choice.

Tyler Wise, founder and director of Wise Accounting, was first exposed to the brutality of cyber attacks when his firm experienced a malicious phishing attack. He now uses that experience to help other accountants better protect themselves, their firm, and their clients. In this episode of Accountants Daily Insider, Tyler previews his upcoming session at CPA Australia's Public Practice Virtual Conference by looking at why accountants are more exposed than ever to cyber-security risks in a remote working environment, and the financial and reputational consequences that come with breaches. Tyler also looks to dispel the myth around cyber-security costs that could be holding practices back from taking action, and gives his top tips on how practices can protect themselves today. Find out more about Tyler's in-depth session, other industry changes and technical updates at CPA Australia's Public Practice Virtual Conference on 19 August.

The new financial year has just begun, but the road ahead is already looking busy for the SMSF industry. In this episode of the SMSF Adviser Show, hosts Aaron Dunn and Jotham Lian are joined by SMSF Association deputy CEO Peter Burgess as they take a closer look at the next 12 months in the industry. Peter talks about key agenda items for the SMSF Association, including federal budget measures that will see close consultation with the Treasury, as well as key issues that advisers should keep an eye out for in the immediate future. Peter also previews an upcoming project with the University of Adelaide on the investment performance of the sector, and a new project to help make it easier for people to get out of an SMSF when it is no longer suitable for them.

Australian Accounting Awards 2021 Thought Leader of the Year Rebecca Mihalic has had her fair share of challenges as a female in the profession. But she hasn't let that slow her down and has instead harnessed her experience to shine a spotlight on a range of gender-equality issues to help pave a better way for the next generation. The businessDEPOT director, founding partner of Aptus Accounting & Advisory, and head of accounting at Practice Ignition also shares her passion for raising awareness on mental health issues, and her focus on cash flow protection for accountants and their firms. Rebecca also gives host Jotham Lian some of her predictions for the financial year ahead as Australia continues to battle through COVID-19 lockdowns.

The ATO's debt book has swollen to $34 billion, with COVID-19 exacerbating an issue that has been growing over the years. But who is contributing to this growth, and is the ATO being used as an unofficial bank? In this episode of Accountants Daily Insider, the Inspector-General of Taxation, Karen Payne, joins host Jotham Lian to discuss her agency's latest report on undisputed tax debts in Australia. Karen reveals which industry accounts for the highest levels of debt, the breakdown of taxpayer groups responsible for the growing debt, and how a majority of collectable debts are owed by just a minority. Follow along with the conversation by accessing the IGTO's summary slides. You can also access the full final report here.

Straight out of winning the Accountants Daily Excellence Award at the Australian Accounting Awards 2021, Aly Garrett joins host Jotham Lian to relive a night which saw over 400 practitioners coming together to celebrate a momentous year for the profession. Aly, founder of All In Advisory, shares the secrets to her success, and why she thinks the accounting profession is so much better off because of the community spirit it fosters rather than a competitive one. The Partner of the Year (Boutique Firm) also explains why communication is such a vital leadership tool and shares what every budding accountant should do to position themselves for success.

With 30 June fast approaching, we take a closer look at recent developments that could come into play in the new financial year and what they mean for SMSFs. Host Aaron Dunn discusses the Treasury's long-awaited exposure draft documents on ECPI measures, as well as two bills set to be debated in the Senate this week — the six-member SMSF bill and the bring-forward rule bill for 65 and 66-year-olds. Aaron also gives his top tips for SMSFs ahead of the end of the financial year.

Dry tax training sessions that go on for hours on end tend to be a feature of the profession, but does it always have to be this way? Joyce Ong, founder of Tax Nuggets Academy, joins host Jotham Lian in this episode of Accountants Daily Insider to explain why she left a lucrative career in the profession to change the way we approach tax training. Named as one of the top 20 future leaders to watch by Chartered Accountants Australia and New Zealand, Joyce explains how she combines her creative flair with her technical expertise to create short and engaging videos — or "lollipops for your brain with hidden veggies", as she terms it. Joyce also gives her honest and unbridled take on the current tax training landscape and shares what it's like to step out as a business owner for the first time.

In this week's special budget round-up, hosts Aaron Dunn and Jotham Lian take a closer look at all the measures affecting superannuation and SMSFs that are set to kick in from 1 July 2022. The pair discuss the abolition of the work test for personal contributions, changes to legacy income streams, the relaxation of SMSF residency rules, new super measures addressing housing affordability, and the scrapping of the $450 superannuation threshold. Aaron explains how these measures will affect SMSF practitioners and their clients, and also shares what he had hoped to see in the budget this year.

It's a big spending budget with an even bigger net debt approaching $1 trillion. But what does it all mean for the profession, and how will it impact your clients? The Institute of Public Accountants' general manager of technical policy, Tony Greco, joins host Jotham Lian in this week's episode of Accountants Daily Insider to unpack all the big-ticket measures from this year's budget that will have an impact on practitioners and their clients. Tony shares his initial reaction to the budget, tackling everything from tax cuts to superannuation, while taking a closer look at some glaring omissions that continue to haunt the profession.

Kristine Woods has spent over 33 years fighting seven chronic autoimmune diseases, had to deal with blindness in her right eye, and now has a permanent port implanted in her chest after her veins failed in 2017. Despite these challenges, she has refused to let them limit her, and has now gone on to set up her own successful bookkeeping firm, The Accounts Ladies. In this episode of Accountants Daily Insider, Kristine tells host Jotham Lian how she balances her life as a mother, a business owner and a BAS agent, all while having to deal with different treatments and setbacks. Kristine shares her advice on how to deal with adversity, and how she is determined to continue achieving new goals and giving back to the community.

It's been over a year since we first entered lockdown, yet accountants are still reeling from the additional workload heaped upon the profession. In this episode of Accountants Daily Insider, businessDEPOT founder and managing director John Knight joins host Jotham Lian to look at the ongoing issues facing the profession, including staff burnout, talent shortage and impending deadlines. John also shares some tips to improve firm culture after a year of working from home and his advice to fellow practitioners as they head into the busy tax season.

In this week's episode of Accountants Daily Insider, Class senior analyst Angelique Faes takes a closer look at trust administration and why it's ripe for disruption. Angelique talks about the popularity of trusts, common pain points in trust administration, and how Class is looking to change things. She also covers some recent acquisitions at the company and what it means for the future of Class.

Chartered Accountants Australia and New Zealand superannuation leader Tony Negline takes a closer look at the ATO's recent announcement on non-arm's length income and what it means for practitioners and trustees. Tony tells hosts Aaron Dunn and Jotham Lian how the ATO's draft law companion ruling means that if an SMSF's affairs are not structured correctly, then, even for a minor expenditure, all the income of the super fund — ordinary and statutory income — could face income tax at the highest marginal tax rate. He also shares his concerns with the legislation underpinning NALI and what he is ideally hoping for ahead of the ATO's finalised law companion ruling.

Former ATO assistant commissioner Colin Walker joins us in this episode of Accountants Daily Insider to provide a closer look at the inner workings of the Tax Office and how its "us versus them" approach has changed over the years. Colin tells host Jotham Lian how he's transitioned from 45 years in the public service into a new role at the Institute of Certified Bookkeepers and what he intends to achieve in his new position. He also explores what the future of the profession will look like, talks about what he thinks of the accountant and bookkeeper relationship, and shares some advice for up-and-coming talents joining the profession today.

In this special episode of Accountants Daily Insider, three industry heavyweights come together to discuss the current economic environment and explore how accountants will play a vital role in Australia's recovery. Institute of Public Accountants CEO Andrew Conway, Reckon Group CEO Sam Allert and Prospa co-founder Beau Bertoli all come together to share their perspectives on the end of JobKeeper, the high level of trust that businesses have in their accountants, and how accountants will continue to be relied on heavily over the next year. The trio also look at how the pandemic has changed the way we look at digital readiness and speak about some of the biggest opportunities for accountants in 2021.

The rollout of Single Touch Payroll seems like just yesterday, but we now have the second phase lurking on the horizon. In this episode of Accountants Daily Insider, host Jotham Lian is joined by the Institute of Certified Bookkeepers executive director, Matthew Addison, to explore everything related to STP Phase 2 to help prepare practitioners and their clients for the 1 January 2022 deadline. Matthew goes over why the change is happening, what advisers need to be doing now and key dates to remember. He also discusses the upcoming end of STP concessions for micro-employers and closely held payees, and explores the government's mandate for e-invoicing.

On this week's episode of Accountants Daily Insider, we take a closer look at the Institute of Public Accountants and the Association of Accounting Technicians and their plans for members this year. Host Maja Garaca Djurdjevic is joined by IPA chief executive Andrew Conway and All That Counts founder and director Lielette Calleja, who has recently joined the AAT as its chief accounting technician. Andrew and Lielette talk about the packed agenda that both the IPA and AAT have ahead for their members this year. They also discuss their thoughts on the variety of lockdown approaches by the state and territory governments through the COVID-19 pandemic, what might be on the cards for the 2021-22 federal budget, as well as when the IPA will resume running in-person events.

While many in the profession are looking at 2021 as a year of consolidation, others, like Andrew Van De Beek, are jumping straight in and seizing opportunities as they come. In this episode of Accountants Daily Insider, host Jotham Lian is joined by Illumin8 founder Andrew Van De Beek to explore why and how he has grown his firm from a team of 10 to 17 in just a few short months. Andrew also discusses his firm's recent acquisition of a warehouse, and a new partnership with e-commerce co-working and warehousing provider CLIK Collective. The pair also explore what constitutes a great team culture and what practice owners can do to make sure they are keeping their staff motivated and involved with the firm's vision.

A turbulent year has seen the profession grow closer than ever, with accountants and bookkeepers tipped to continue to tap on collaborative opportunities over the next 12 months. All That Counts founder and director Lielette Calleja joins host Jotham Lian in this episode of Accountants Daily Insider to talk about why the profession should continue to build on professional relationships developed through the pandemic and lean on their networks. Lielette also chats about her recent appointment as Chief Accounting Technician at the Association of Accounting Technicians, and what she thinks practitioners will need to upskill on over the coming year.

It's been a turbulent year for the accounting profession and it has been no different in the accounting M&A space. But the phones are back ringing and deals are being actively discussed. Magnus Yoshikawa, director at Jadeja Partners, joins host Jotham Lian in this week's episode to take a look at the accounting M&A market over the past 12 months. Magnus looks at how COVID-19 has shifted trends in the market over the past few months, examines whether we're in a buyer's or seller's market, and gives his best tips to practice owners looking to enter the market.

With ASIC exploring how access to affordable advice can be improved, including scaled or limited advice, BT head of financial literacy and advocacy Bryan Ashenden discusses what Consultation Paper 332 means for the future of advice. Bryan talks to hosts Aaron Dunn and Miranda Brownlee about some of the challenges and barriers impeding the provision of limited advice, particularly in the SMSF context. He also explores what a new model of advice regulation could look like and what ASIC's role will be in regulating the industry following the wind-up of FASEA.

Tax Practitioners Board member Debra Anderson joins host Jotham Lian in this first episode for 2021 to take a closer look at the year that's been and what's in store for the next 12 months. Debra speaks candidly about the toll of a whirlwind 2020, how she's been stretched ethically and morally in dealing with her clients, and why she thinks accounting practitioners will continue to be kept busy throughout the new year. She also touches on some key changes that have been proposed by the independent review of the TPB and how they might affect practitioners in the coming months.

2020 will certainly go down in the history books as one of the toughest years faced by the accounting profession. But now that the year is up, what will 2021 hold for practitioners? In this final episode of Accountants Daily Insider for 2020, host Jotham Lian is joined by The Tax Institute's senior advocate, Robyn Jacobson, to take stock of the incredible year that has passed, and to shine a light on what's to come in the new year. Robyn reviews the wide range of tax measures introduced this year, and explores a number of outstanding issues that the profession will have to contend with over the next 12 months. She also looks at the implications of a number of completed and ongoing reviews, and explains why the profession will need to embrace tax reform in the coming year.

The SMSF Association and Rice Warner have now released comprehensive research investigating the operating costs of SMSFs and how they compare with APRA-regulated funds. SMSF Association deputy chief executive Peter Burgess explains to hosts Aaron Dunn and Miranda Brownlee what some of the key findings of the research are and what they mean for the provision of advice on SMSFs and superannuation in general. Aaron and Miranda also discuss some of the key developments this month, including ASIC's consultation on the impediments facing advisers providing scaled advice and the release of the Retirement Income Review.

A new report by CPA Australia has found that the economy could be better off by $630 billion if properly implemented professional advice was available to all Australians. In this episode of Accountants Daily Insider, CPA Australia head of public practice and SME Keddie Waller joins host Jotham Lian to explore the new Value of Advice report and why we need to rethink the way professional advice is regulated and move towards a client-centric model. Keddie looks at the benefits of obtaining advice, what's holding back consumers and businesses from accessing such advice, and why we need a more accessible and affordable advice framework.

With the Accountants Daily 30 Under 30 Awards being delivered as a live broadcast on Thursday, 3 December at 7:30pm AEDT, we are bringing you a series of podcasts showcasing the finalists across a multitude of categories. In this episode, Accountants Daily editor Jotham Lian is joined by Jane Betschel, head of marketing and digital sales at MYOB, principal partner of the awards, and two finalists who share how they are feeling about having gained recognition as part of the upcoming awards.

With the Accountants Daily 30 Under 30 Awards being delivered as a live broadcast on Thursday, 3 December at 7:30pm AEDT, we are bringing you a series of podcasts showcasing the finalists across a multitude of categories. In this episode, Accountants Daily editor Jotham Lian is joined by Ingrid Cronin-Knight, head of accountant management and acquisition at MYOB, principal partner of the awards, and two finalists who share how they are feeling about having gained recognition as part of the upcoming awards.

With the Accountants Daily 30 Under 30 Awards being delivered as a live broadcast on Thursday, 3 December at 7:30pm AEDT, we are bringing you a series of podcasts showcasing the finalists across a multitude of categories. In this episode, Accountants Daily editor Jotham Lian is joined by Caroline Wright, head of product at MYOB, principal partner of the awards, and two finalists who share how they are feeling about having gained recognition as part of the upcoming awards.

MYOB chief executive Greg Ellis joins host Jotham Lian to look back over 2020 and examine some of the trends that the accounting software provider has seen through the pandemic. Greg also reveals what MYOB is looking to pursue in the new year, and shares how it has been like to steer MYOB through the crisis in his first year at the helm. Greg also discusses the upcoming Accountants Daily 30 Under 30 Awards and why it's so important to recognise and celebrate the work and achievements of upcoming accounting professionals.

In this podcast, Aaron Dunn, CEO of Smarter SMSF, and Miranda Brownlee, deputy editor of sister brand SMSF Adviser, delve into some of the key insights shared during the SMSF Adviser Technical Strategy Masterclass. They discuss some of the key topics of the event including the proposed requirement to have SMSFs prepare their accounts 45 days before the lodgement deadline and changes to make the relief for electronic execution of documents permanent. With many of the presentations also outlining important strategy considerations arising from policy changes and potential legislative changes, they will also touch on what means SMSF professionals need to be thinking about with the advice they provide.

Around 5,000 accountants are set to benefit from mental health first aid training following an investment of $2.24 million from the government. The Institute of Public Accountants chief executive Andrew Conway joins host Jotham Lian to unpack what the project will look like over the next two years, what accountants can expect from the training, and why such training is so important for practitioners on the frontline. Andrew also reflects on the year that has passed, shares how proud he is of the profession, and offers some predictions for the year ahead.

"If you're feeling unsettled, anxious or stressed, we all are. That's absolutely normal in circumstances we find ourselves in," Beyond Blue chief executive Georgie Harman said. Last month, Accountants Daily sister brand MyBusiness hosted a special, three-day, virtual event to help small-business owners wade through the rough COVID-19 seas. Editor Maja Garaca Djurdjevic chatted with Georgie Harman about the importance of mental health in the workplace and why it's everyone's business. Ms Harman shared some key tips to help employers recognise when their employees may be mentally struggling through the coronavirus crisis and steps to take to help them navigate through the tough environment. Ms Harman also provided some key tips that small-business owners can use to check in with themselves. If you are suffering from depression, anxiety or suicidal thoughts, or you're worried about someone else and feel that urgent professional support is needed, contact your local doctor or one of the 24/7 crisis agencies below: Beyond Blue: 1300 22 4636 www.beyondblue.org.au Lifeline: 13 11 14 www.lifeline.org.au Suicide Call Back Service: 1300 659 467 www.suicidecallbackservice.org.au

The ATO has released its tax gap estimates for all 15 income and transactional-based taxes for the first time ever, believing $31.2 billion went missing in 2017-18. Tax & Super Australia tax counsel John Jeffreys joins host Jotham Lian to unpack the different tax gaps, including the small business tax gap, which remains the largest gap by dollar value and percentage figure. John also dissects the ATO's sample of agent-prepared returns requiring more adjustments than self-prepared returns and gives his take on how to reduce the tax gap.

With the federal budget now handed down, hosts Miranda Brownlee and Aaron Dunn discuss the measures impacting superannuation, what was missing from the budget this year, and the government's plans for the SMSF sector in the near future. While SMSFs emerged unscathed from the budget this year, they outline why there could still be major changes to superannuation tax and retirement income further on the horizon, with the government yet to respond to the Retirement Income Review. They also provide an update on some of the recent announcements from regulators and recent appointments in the industry.