Accountants Daily Podcast Network

In this episode- brought to you by Accountants Daily sister title, Smart Property Investment Chief Economist from AMP Capital, Dr Shane Oliver joins host James Mitchell to discuss the recent rate cuts and the Australian share market. Dr Oliver discusses the current economic situation in Australia, the rate cutting cycle and the impact on the housing market. He also shares what impact the rate cuts will have on the share market and his main predictions for the Sydney and Melbourne markets.

CEO of Licensing for accountants Kath Bowler joins host Katarina Taurian on this week's episode of Accountants Daily insider to discuss all things FASEA and what it means for the financial advice space. Kath shares what steps accountants need to take to ensure they are able to continue to provide financial advice, reactions from industry professionals around the changes and her top 5 tips for nailing the implementation of the changes.

This week on Accountants Daily insider Katarina Taurian is joined by Matthew Pisarski from Intuit QuickBooks to discuss change management and why it is so important for firms to be able to adapt to new technologies. In the accounting world technologies are forever evolving Matthew shares key themes in change management the importance of having a plan in place and how he tackles people who aren't as receptive the new technologies as others. They also discuss what is in the pipeline for intuit and technology in the accounting space.

Self-proclaimed hype girl for accounting apps and thought leadership finalist at this year's Australian Accounting awards Heather Smith joins host Katarina Taurian on this week's episode of Accountants daily insider. Heather shares her definition of thought leadership, why she lives by the saying "my practice lives in my handbag" and change for the next generation coming through the ranks. The pair also discuss the image of the accounting profession, why it is no longer appealing to students and the quality and relevance of what is being taught in schools and tertiary environments.

Founder and director of Hot Toast Sarah Lawrence has had a varied career. A love of storytelling saw her involved in everything from documentary making to children's television, and only a few months ago, Sarah was on stage accepting an award for CFO of the year at the Australian Accounting Awards. In this episode of Accountants Daily Insider, Sarah joins host Katarina Taurian to reflect on this journey, explain how a mentor made her fall in love with the financial sector and unpack the role of a CFO. She also discusses the birth of the "Hot Toast" brand, the type of clientele that she is working with and why not every potential client makes the cut.

Public practitioner of the year Teddy Kosasih partner at Pitt Martin, joins host Katarina Taurian on this week's episode of Accountants Daily Insider to talk about what made him take the public practice path. Teddy reflects on taking out the practitioner of the year award at the Australian accounting awards, his thoughts on what makes a good practitioner, how he hires for public practice, the skill sets he looks for to be able to tap into different markets, and how he started his own practice.

In this week's episode of The Accountants Daily Insider host, Katarina Taurian is joined by Amanda Gascoigne, to talk about how she shifted her career as an accountant to coach and mentor small and solo accounting practices. Amanda shares her accounting journey and how she has gotten to where she is today, she talks about being awarded a Fellowship of Charted Accountants ANZ in recognition of her outstanding contribution to the accounting profession and she shares her secrets on how she encourages accountants to see their potential.

Grant Quick, Senior Solutions Engineer at Intuit QuickBooks, joins host Katarina Taurian in this episode of the Accountants Daily Insider to talk all things Single Touch Payroll (STP) compliance, what it means after June 30 and what is on the horizon for FY20. Grant reveals the key dates around STP compliance, how business will be affected, and his thoughts on how STP will streamline processes. The pair also talk about what is next from a tech prospective and why businesses need to embrace changes to become more efficient.

Chris Balalovski partner, Business Services at BDO Australia, joins host Katarina Taurian in this episode of Accountants Daily Insider to discuss key dates for end of financial year and why accountants are moving away from bread and butter accounting work into advisory. Chris reveals why accountants need to be diversifying their practices to cope with changes, considerations for property investors and the weirdest requests clients have attempted to claim.

Jonathan Tefal, director and senior accountant from Senior Advisory, joins host Katarina Taurian in this episode of Accounts Daily Insider to reveal how they are tackling the evolution of technology within the accounting sector, and to reflect on recently taking out the award for Boutique Firm of the Year at the Australian Accounting Awards. Jonathan reveals how they endeavour to continually set their firm apart from the rest, what's next for Senior Advisory, and his thoughts on creating the perfect balance between technology and human touch.

In this episode of Accountants Daily Insider, finalist in the Thought Leader of the Year category at the recent Australian Accounting Awards, Edward Chan, joins host Katarina Taurian to discuss his career in accounting and reveal how he ended up running an accounting firm "almost by accident". Edward will discuss how setting up an accounting firm in a time when computers were just making their way into the industry differs from setting one up in the current technology climate, share his thoughts on what makes a strong leader, and how he is giving back to the sector through means of mentoring and coaching.

With the 1 July Single Touch Payroll deadline looming, Lielette Calleja, director at All That Counts, joins host Katarina Taurian in this episode of Accountants Daily Insider to reveal what she wished she had known when starting the planning process with her clients, and to discuss the exceptions for microbusiness. Lielette will reveal how she has approached an internal audit to best prepare herself for the changes, why she thinks it will be a learning curve for all involved parties, and will share a word of advice for those yet to start the process.

In this episode of Accountants Daily Insider, host Katarina Taurian is joined by a colleague and editor of both Momentum Media's suite of wealth titles James Mitchell to discuss their thoughts on the federal election campaign and outcome. James will reveal the sentiment on the ground within the financial advice community, why he believes the campaign did not convey clear messaging. He will also address how unexplained reform may have impacted the election outcome.

In this special episode of Accountants Daily Insider, host Katarina Taurian is joined by a colleague and editor of both Mortgage Business and The Adviser publications to reflect on the result of the federal election, with Scott Morrison holding his position as Prime Minister. They will reveal how outcomes of polls across their platforms for mortgage brokers and accountants always showed a clear swing in favour of the Liberal Party, begging the question: are accountants and small businesses a better barometer than traditional polling?

In this episode of Accountants Daily Insider, host Katarina Taurian is joined by STP program lead at the Australian Taxation Office, John Shepherd, and director and founder of All That Counts, Lielette Callleja, to discuss the small business uptake of STP in light of the forthcoming July 1 deadline. Busting common STP myths surrounding business portals and myGov accounts, they unpack the employee benefits and capabilities that the myGov platform offers and discuss the opportunities that STP provides small business. Finally they address the special provisions for those without the supporting infrastructure to implement STP, and discuss the ATO app, which is now complete with voice activation.

In this episode of Accountants Daily Insider, journalist for both Lawyers Weekly and Wellness Daily Jerome Doraisamy joins host Katarina Taurian to discuss how professional service firms' failure to accurately measure levels of staff productivity is impacting both their bottom lines and the efficiency of their staff. Jerome will reveal why this issue is often unaddressed, taking into account community stigma surrounding mental health and wellness, why measuring the issue is the first step in managing it, and how companies can take that first step to create an environment where staff feel empowered to take individual responsibility for themselves and their work output.

Accountants have a seat in the boardrooms of Australia's most powerful companies, and they're a huge chunk of, and a trusted adviser to, the SME community. As a profession, accountants are among the most influential in the country. At a time when accountants and tax are an election issue, it's more important than ever to have your voice heard. Both the Prime Minister and the Opposition Leader are locking horns over the deductibility of tax agent's fees. Without both sides of government correctly understanding the nature of what accountants do, detrimental policy could get over the line. How do you have your say? Sequel CFO founder and managing director David Boyar - a thought leader finalist in this year's Australian Accounting Awards - and editor of Accountants Daily Katarina Taurian talk through how you can influence the future of your profession.

It has been almost a year since the notifiable data breaches legislation came into effect, and in this time the ATO has been working on introducing various new security measures, many of which will impact accountants. In this episode of Accountants Daily Insider, host Katarina Taurian is joined by Jamie Beresford, CEO of Practice Protect, and Ron Lesh, managing director at BGL, to discuss the impact of these changes on individuals within the sector and also the role of the accounting firm in managing the passwords and security of their practices and staff. They will discuss a potential future shift away from password authentication, the different "levels" of passwords that people tend to use in different circumstances, and whether further education is needed in the field of cybersecurity.

Away from the hype of cash splashing and tax cuts, there were some proposals in this year's federal budgets which will be welcome news to accountants and their clients. Our head of editorial Katarina Taurian is joined by the Institute of Public Accountants' Tony Greco to run through the headline changes impacting tax practitioners, including how accountants "can be heroes at tax time" by taking note of some key income tax changes.

Accountants and small businesses in their droves are finding it tougher than usual to secure finance for the personal and business activities. In this sponsored podcast, Accountants Daily chats to Spotcap about their experience in the current market with finding new credit options, and their thoughts on what the short to mid-term outlook is for accountants and their clients. In particular, they talk through the experiences, wins and struggles of some of their new and existing clients, and what their plans for 2019.

After years of delays, the tax office has finally begun its rollout of new online services for tax and BAS agents. Assistant commissioner at the ATO, Andrew Watson, gives exclusive insight to Accountants Daily Insider about the current, planned and proposed features for the online services platform. Mr Watson also talks big picture - the ATO is charging towards a digital-only environment, which has a significantly knock-on impact to both tax and BAS agents and their end clients.

With the federal election drawing closer there are a number of proposed issues which could impact those within the accounting sector. In this episode of Accountants Daily Insider, host Katarina Taurian is joined by Geoff Stein, partner at Brown Wright Stein Lawyers to unpack these potential changes and discuss some which have been recently announced. Geoff will take an in-depth look at the proposal to cap the deductibility of accountant fees and some of the issues that it will likely cause, and further discuss trust structures following the announcement surrounding trust income interest rates.

Having previously joined the Accountants Daily Insider podcast to discuss his studies, Michael Johnson now joins host Katarina Taurian having recently completed the chartered accountant program. Michael will discuss his drive to seek a designation and unpack his thoughts on how it can set an accountant apart in the crowded new graduate space. He will also talk about how he thinks the designation will help his career path, the parts of his education that were most beneficial as well as the gaps in his learnings that education providers should look into placing more focus on.

With the recommendations of the banking royal commission set to heavily impact the broking sector, many other industries are wondering how the changes will affect them. The accounting sector is one such area which will be sure to see an overflow effect. In this episode of the Accountants Daily Insider Podcast, Momentum Media director and founder of The Adviser – one of the leading publications for mortgage brokers in Australia – Alex Whitlock joins host Katarina Taurian to share his thoughts around the recommendations, why changes to the broking industry is worrying for accounting and whether the recommendations are likely to go ahead.

With the Institute of Public Accountants calling on the government to target its reforms to boosting productivity in the workforce, director of hammerjack, Nick Hastings joins host Katarina Taurian in this episode of Accountants Daily Insider to explore what productivity pain points accountants talk to him about, and how service providers are responding. Nick and Katarina will chat through the experiences of firms who choose to take on an outsourcing partner, including how unknowingly subscribing to cultural stereotypes has been a barrier to firms looking for scale.

In this episode of Accountants Daily Insider, director and founder of All That Counts, Lielette Calleja joins host Katarina Taurian to share her thoughts on the different experiences that women face within the accounting and business sector. Lielette will discuss her time founding All That Counts, her position as director at AAT and her involvement in a new start-up this year, and address her expectations on consolidation between the bookkeeping and accounting sectors in the year ahead. In light of the tightened lending economy, Lielette will also talk about how she and her husband recently struggled to obtain finance, and her advice for sorting finance applications for clients in the current market.

In this episode of Accountants Daily Insider, HLB Mann Judd partner Peter Bembrick joins host Katarina Taurian to unpack why, in the lead up to the election, a focus is being placed on foreign residency tax law. Peter will explain the benefits of being a non-resident for tax purposes, yet also reflect on the traps that people can fall into as a result. He will explain what can trigger a "red flag" and raise ATO scrutiny for your clients, and discuss your responsibility to those who may be "playing with fire". Peter will also reveal the areas where people tend to make mistakes and the implications that these mistakes can have for anyone who has an investment property in Australia or other non-property-based investments.

In this episode of Accountants Daily Insider, Trent McLaren, head of accounting and sales at Practice Ignition, will discuss his relocation to London following a year of growth within his organisation. Trent will share the reason behind his relocation and how it will impact his role going forward, while also revealing how it lead to the appointment of new members within his team. Trent will also discuss his thoughts on the Australian accounting sector and how it stands comparative to other markets around the world, and unpack his plans for Practice Ignition as a business that will look completely different two years from today.

In the final episode of Accountants Daily Insider for 2018, host Katarina Taurian is joined by Terry Braithwaite to reflect upon the top 5 themes which resonated with the Accountants Daily audience across 2018. They will discuss the huge growth and engagement of the brand, reveal how you can have your say on what they are covering, and give some insight into what can be expected from Accountants Daily heading into 2019.

In this episode of Accountants Daily Insider, Greg Hayes, the chairman of both Knowledge Shop and Hayes Knight joins host Katarina Taurian, to share his thoughts surrounding education within the accounting sector. Backed by more than 30 years of experience within the accounting industry, Greg will discuss how technology has impacted change for those new to the business, and share his expectations for new graduates within the sector. With pending education changes on the horizon for those offering financial advice, Greg will address why he sees this as an opportunity to better the industry and shares if he has seen an uptake for education by professionals as a result

The government's proposal to introduce a three-year audit cycle for some SMSFs has received extensive criticism from key professional bodies within the accounting industry, with many unable to see any benefit to the proposal and instead identifying potential for a growth in compliance breaches. On this episode of Accountants Daily Insider, host Katarina Taurian is joined by executive general manager of technical services at ASF Audits, Shelley Banton, who will discuss her thoughts on the proposed changes, and the likelihood of the policy going ahead. They will discuss the issues that will arise as a result of the changes, how it could lead to privacy risks for SMSF clients, and if there is any evidence that the proposal will actually help the integrity of the accounting sector.

Relationships in the workplace have been under the spotlight in 2018, fuelled by the prevalence of the Me Too and Time's Up movements and even Malcolm Turnbull's infamous 'Bonk Ban'. On this episode of Accountants Daily Insider, host Katarina Taurian is joined by colleague Jerome Doraisamy, journalist on both Lawyers Weekly and Wellness Daily to discuss why the issue has seen such scrutiny throughout the year and how these issues will likely look moving into 2019. They will discuss the difficult issue of workplace relationships and the rights of both the involved parties and the employer, how management can approach the subject with employees and when it would be appropriate to do so.

Earlier this year, Labor floated a plan to cut cash refunds for franking credits. The policy has been met with considerable backlash in the accounting community, and a federal government inquiry is now underway to investigate the real-world impact. In this episode of Accountants Daily Insider, host Katarina Taurian is joined by Member for Goldstein Tim Wilson who is leading this inquiry. Tim will share why he believes the policy will fail to deliver the desired outcome, the huge financial impact that it could have on retirees, and whether there are suggestions that this will lead to diversification of assets for many as a means of minimising the overall impact on their pocket. Tim will unpack how they plan to report on the inquiry, what will likely occur as a result of their findings, and how individuals can have their say on the proposal and get their thoughts and concerns heard.

In this episode of Accountants Daily Insider, Katarina is joined by the president of the IPA Damien Moore, who will discuss the journey of transitioning his accounting practice into a larger organisation as part of a merger. Damien will explain his reasoning behind the decision, the non- negotiable factors that he stood by throughout the process, and how he was able to make the transition as smooth as possible for his existing clients. Damien will also share how he first entered the accounting field, the implications that technology is having on the industry and share his thoughts surrounding the topic of mental health as a responsibility for those working within the sector.

In this episode of Accountants Daily Insider, Katarina is joined by the chief executive of the IPA Andrew Conway, fresh from his on-stage presentation surrounding client wellness in the accounting sector at the world congress of accountants. Andrew will unpack the findings of the research conducted by the IPA which looks at depression and anxiety in business owners and how accountants can have a positive impact on those struggling under pressure. He will discuss the work that they are completing internally to aid development of this issue within the industry, the important social role that accountants play, and what they are planning to do with these findings. If you are struggling to cope or thinking about suicide, support is available. You don't need to face your troubles alone. Lifeline's Crisis Supporters are available to listen and keep you safe on 13 11 14.

In this episode of Accountants Daily Insider, Katarina is joined by colleague James Mitchell, the editor of the wealth titles within Momentum Media and previously editor of their mortgages suite of titles, to discuss the impact that the royal commission has had on the financial sector. James will discuss the impact of the negative publicity on the banks, how he feels it will shape the future of the banking industry going forward and why those with a referral-based business plan are benefiting in the current market.

With a growing number of Australians investing in the property market beyond simply owning their principal place of residence, it is becoming more and more common for accountants to be advising clients on issues surrounding their portfolios. In this episode of Accountants Daily Insider, Katarina is joined by colleague Andy Scott, who has recently added a third property into his and his wife's investment portfolio, to share the moment he realised the importance of a strong relationship with his accountant. He also explains why, after hopping between multiple accountants for years, he now has no intention of looking elsewhere. Andy will share how his accountant went about forming a strategy that would work toward his desired outcomes, discuss how frequently he is in touch with his accountant and unpack the one thing that Andy wants from his accountant each time he is contacted by him.

The SMSF sector has seen significant change in the past 5 years but, as Katarina Taurian explains, next year is set to see further major shake-ups. In this episode of Accountants Daily Insider, Katarina is joined by Terry Braithwaite to unpack her concerns surrounding government and regulatory "tinkering" that accountants should educate themselves on and how these changes could impact them going forward. With ASIC facing mounting pressure to produce results, Katarina shares why smaller operations may be the most at risk and what to expect for those attending the upcoming SMSF summit.

With one-third of Australians involved in a passion project and one in ten successfully running that passion as a side hustle the start-up space in Australia has seen a boom in recent years. In this episode of Accountants Daily Insider, host Katarina Taurian is joined by My Accounts' Noel Tiufino to discuss how, with so many new start-ups emerging, many fail to consider the issue of compliance. Noel will unpack where he sees clients go wrong when creating a start-up, the importance of building a business plan and a budget which have synergies between them and how he has seen the start-up space change during his 11 years in the industry.

The IPA small business white paper recently announced findings that their members believed that payroll tax was disincentivising growth within their businesses, however Treasury findings seem to suggest that not to be the case. In this episode of Accountants Daily Insider, host Katarina Taurian is joined by Momentum Media's management accountant Michael Johnson, who will share which side of the argument he believes to be correct. He will unpack how businesses that he has been involved with feel towards payroll tax and the concerns that he has heard from business owners surrounding the issue. Michael will also discuss the introduction of single touch payroll and the process of its implementation within Momentum Media.

Reckon and the Institute of Public Accountants recently announced a partnership to produce IPA Books + In this episode of Accountants Daily Insider, chief executive of IPA Andrew Conway and chief executive of Reckon Sam Allert join host Katarina Taurian to discuss this partnership and the drivers behind it. They will unpack what will be available to IPA members as a result of this deal, how regular feedback will shape the future of the platform going forward and Andrew will share why the association chose this path for its member base. They will also share plans regarding the future of the partnership, development plans and how training and support to IPA members will be provided to help them best utilise the platform.

Single Touch Payroll is one of the biggest reporting changes for the tax profession in years. In this episode of Accountants Daily Insider, host Katarina Taurian is joined by STP program lead at the Australian Taxation Office John Shepherd, who runs through how the first STP deadline fared for employers and the ATO alike. John also reveals some good news for accountants and bookkeepers about reporting requirement changes, and what small business can expect for their July 2019 deadline. Spoiler alert: there's flexibility for microbusiness on the horizon. This episode is proudly bought to you by Attaché Software

With Westpac recently increasing their interest rate independent of the RBA whose rates have remained unchanged it is likely that some business owners may be feeling the strain. In this episode of Accountants Daily Insider host Katarina Taurian is joined by Momentum Media's Alex Whitlock who unpacks which businesses in his opinion should be concerned about rate rises and how he and his business partner have managed to keep their business debt free - at times even having to pay employee salaries out of their own pockets. Alex will share how their accountant has been pivotal in shaping and developing their business since its conception and discuss the pain points that they have faced along the way.

Three weeks have passed since Katarina started working with her new accountant, a transition which she admits she entered into with high levels of anxiety. In this episode of Accountants Daily Insider, director of Prime Partners Laela Hansen joins Katarina to discuss why as an accountant people skills and keeping your clients calm are imperative. Laela will unpack why you should focus on listening to your client rather than proving your credentials, why you shouldn't buy into the urgency of a stressed client and offers advice for those wanting to start their own accounting firm. www.accountantsdaily.com.au

Host Katarina Taurian is just starting out in a new relationship. Following a parting of ways with her last accountant, which she describes as "harder than her most difficult break-up", she is now in the process of regaining that trust and relationship with a new accountant. Momentum Media's Alex Whitlock joins Katarina to discuss this new partnership, and unpack why this trust with clients is such an important element of the business and could be the key factor why accountants continue to rank well in the Governance Institute of Australia"s Ethics Index report following the royal commission. Alex will also discuss how his accountant was able to help grow his business and property portfolio, and analyse the importance of a referral in a competitive market.

In this episode of Accountants Daily Insider Momentum Media's Alex Whitlock joins host Katarina Taurian to unpack the idea of a psychological bubble that he believes exists surrounding the Australian economy, and to share his thoughts on how the current property market ties into this concept. Katarina will address the normalisation of extensive mortgages in Australia comparative to other parts of the world and the pair will discuss how money can be made when buying property rather than when selling it. Alex will also analyse the economic conditions that have both helped and hindered his business development during his time in Australia and share his thoughts on the Australian workforce as a whole.

The architect of the Future of Financial Advice (FOFA) reforms, Bernie Ripoll, reveals what he thinks the regulatory environment will look like in the fallout of the Royal Commission, and if a Labor government gets into power. Mr Ripoll is certain the tales of misconduct and scandal being revealed about the major banks in particular will have a permanent, transformative impact on the legislation and regulation that governs accountants and financial advisers. www.accountantsdaily.com.au

Anxiety, depression and other mental health conditions are beginning to get the prominence they deserve in public debate. Professional services, accounting included, is a particular hot spot for stress given the long hours and deadline driven world accountants exist in. Join editor Katarina Taurian and author of The Wellness Doctrines Jerome Doraisamy as they discuss how to recognise if you or an employee is suffering, quick wins to help mitigate a bout of anxiety, and where accounting sits as far as anxiety levels go in the Australian business community. www.accountantsdaily.com.au

Join the Accountants Daily team as they discuss the most unusual tax time claims that have come across the news desk this week. From dogs to designer fashion, some clients have tried hard to get creative claims over the line. Katarina Taurian and Terry Braithwaite also read between the lines of the flurry of partner appointments this week, and find FY19 is a good time for SMEs in accounting land. www.accountantsdaily.com.au

In this episode of Accountants Daily Insider, KPMG's managing partner for Western Sydney, David Pring, speaks to Katarina Taurian about what the big four firm is doing in Greater Western Sydney, and why it's a hot spot of opportunity for accountants. David talks through the popular and emerging service lines, what the competition is doing, and why he's confident the non-metropolitan area is not just a temporary boom market. www.accountantsdaily.com.au