Accountants Daily Podcast Network

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

Timesheets are the historic backbone to accountants' pricing models, but they're on the out in many firms. There's a strong business case to ditch documenting your time, but it seems the humble timesheet has a sentimental hold on the accounting profession. Accountants Daily chats to Prime Partners director James Carey, who fills us in on why his firm is scrapping time sheets in the new financial year, and how he's managing productivity, pricing, and the force of habit www.accountantsdaily.com.au

Some professional accounting bodies made the news for all the wrong reasons last year. This left us wondering: do young accountants care about professional designations? Join Accountants Daily editor Katarina Taurian as she grills aspiring CA, Michael Johnson, on why he has chosen further study. Michael also has a few cheeky shots at his peers who took the CPA route. All in good fun, and all here for you to tune into! www.accountantsdaily.com.au

Join the Accountants Daily tag team of Terry Braithwaite and Katarina Taurian for a rundown of the week that was. Katarina gets fired up about FASEA, the Royal Commission and ASIC, while Terry settles the mood with a wrap of the Australian Accounting Awards. The team share their learnings and observations from the gala dinner in Sydney last week, including advice for accountants who are considering throwing their hat in the ring next year. www.accountantsdaily.com.au

New accounting standards - the most significant in years - are currently being rolled out. Chair and CEO of the Australian Accounting Standards Board, Kris Peach, talks through what the changes are, and where the profession needs to start paying attention. On top of that, there are also proposals to change current financial reporting framework. Tune in to hear what they are, and how you can have your say before they are set in stone. www.accountantsdaily.com.au

In this latest episode of the Accountants Daily Insider podcast Terry Braithwaite and Katarina Taurian discuss the soon to be introduced education requirements which are set to impact those offering financial advice in coming years. They will look at the implications that these changes will have for those both new to the industry, and those who already have extensive training and experience. Katarina will also share her hopes and what we can expect to see in the upcoming budget.

Large firms are shaking up their recruitment policies and the jobs market in Australia has hit a wall, but there are still major opportunities in tax and accounting for smart candidates. In this latest Accountants Daily podcast, we chat to senior consultant at Brewer Morris, Toby Tank, about the tried and tested methods to success for accountants looking to further their careers in 2018. Toby also talks through some cultural wins and barriers that you could face on the career ladder in the age of #metoo, social media and a less sticky workforce.

Former KPMG Demographics partner Bernard Salt explains what he really meant with his smashed avocado comments, much to the satisfaction of our brunch enthusiast editor, Katarina Taurian. He also talks about how he managed to effectively launch a start-up within a big four firm, in the form of KPMG Demographics, with advice to those looking to take similar chances in their own careers. Bernard's predictions for the future of Australia's property markets paint a good picture for small to medium accounting firms in particular, and he's confident of commercial opportunities outside of capital city CBDs despite of current infrastructure barriers.

In his trademark blunt style, BGL's Ron Lesh talks to editor Katarina Taurian about what the new reporting obligations for SMSFs mean in 2018, and why he wasn't happy with how the some of the accounting bodies handled their consultation approach. He also takes a swing at the evolution of online marketing in the accounting software space, and gives insight to BGL's approach to software and marketing development in 2018 and beyond.

Sponsored podcast: In this episode of the Accountants Daily podcast, we discuss the ever-growing issue of cyber security for Australian accountants, and the legislative triggers that mean putting risk mitigation strategies in place is no longer optional. Joined by Karen McDonald, Associate Director of Professional Risk at Accountancy Insurance, editor Katarina Taurian examines what a cyber security threat looks like in 2017, and how accountants can protect themselves and their clients from a data breach. www.accountantsdaily.com.au

The lending landscape for accounting firms in Australia is in new territory, with specialist and alternative lenders getting significant attention and traction with SMEs in particular. Partner at Standard Integrated Lending, Tony Caine, spoke to Katarina Taurian gives his assessment of the where the opportunities are for savvy firms, and where the market is likely to head in the years to come. He also talks through what it's like working with accountants who have distinctly different goals, deadlines and client bases to other professionals, and where he thinks the smart operators have got it right. www.accountantsdaily.com.au

The leadership crisis at CPA Australia has had a ripple effect in the Australian accounting industry, prompting professional associations to review their disclosure procedures and annual reporting. Chief executive of the Institute of Public Accountants (IPA), Andrew Conway, speaks to Accountants Daily editor Katarina Taurian about the changes he's now making at the association. For the first time, Mr Conway shares his frank assessment of CPA's evolution and descent, and what accounting leaders and professionals alike can learn now that the dust is - finally - beginning to settle. www.accountantsdaily.com.au

The government fired warning shots in the May federal budget about a tax office blitz on the top 1000 firms in Australia, and it has stuck to its word. In fact, according to Thomson Reuters managing director for Australia and New Zealand, Ben Scull, the ATO is set to speed up its surveillance. Speaking to Katarina Taurian, Ben explains which companies are in the firing line, and what they should be expecting from the regulator. In Ben's words, there's "quite a bit" of information that firms will need to produce to satisfy the ATO. Ben also talks about his vision for tax reform in Australia, and why some of the taxes that don't get the broader public's green light are often the ones most in need of a shake-up.

Listen in to this week's episode as Katarina Taurian gets past Practice Ignition chief executive Guy Pearson's incredibly laid back exterior to discuss the fast-paced, aggressive, and optimistic life he leads to fuel his ever-growing start-up. Guy talks about how moves in his early career as an accountant taught him the joys and frustrations small businesses face every day, and how he funnelled that into a vision that is taking him across Australia and into the European and North American markets. With a few cheeky stabs at his "stunt double" Trent McLaren thrown into the mix, Guy also talked through how he pushes through industry resistance, backlash and mudslinging to keep his eyes on the prize. www.accountantsdaily.com.au

Compared to other professional services, the job market for accountants in Australia has been solid in recent years. Hays regional director for accountancy and finance, David Cawley, speaks to Katarina Taurian about where the next bursts of activity will be, and which professionals will have the upper hand with their salary negotiations. He also talks through the blunders good candidates make, both when they are actively searching for a new role and while they hold employment. In some cases, the blurring of personal and professional lives have cost otherwise perfect candidates their ideal role. http://www.accountantsdaily.com.au

"Horrified expressions" are increasingly becoming a thing of the past with accountants when it comes to creating a competitive and modern marketing and pricing strategy. Mayflower Consulting's managing director Sarah Penn speaks to Accountants Daily editor Katarina Taurian about the green shoots she sees on a daily basis with accountants who are positioning their practices for growth and succession. She shares her insight to what successful accounting businesses, and Australian small businesses in general, are doing to make sure they are communicating with their client base effectively and charging them in a competitive and sustainable way. http://www.accountantsdaily.com.au

As members of parliament are fast coming to grips with, Australians can hold foreign citizenship without being aware of it. Your clients could have US citizenship without necessarily realising it, having never lived in or been born in the US. Partner at Moodys Gartner, Roy Berg, speaks to Accountants Daily editor Katarina Taurian about the dizzying level of detail you need to be aware of for your clients who are US citizens, or Australian citizens with ties or investments in the US. Mr Berg gives his five top areas to look out for when assessing your client's situation, and accountants will be surprised at the "honest mistakes from honest people" that might be lingering in your client base. http://www.accountantsdaily.com.au

Technology and accounting industry heavyweight, David Smith, speaks to Accountants Daily editor Katarina Taurian about whether the opportunities of big data, cloud computing and lightning speed internet will match the realities of the accounting profession in the next 10 years. He also reveals the biggest mistakes firms are making when it comes to maintaining their practice's cyber security, and how hiring a professional hacker revealed just how vulnerable even mid-market firms are to data being compromised. http://www.accountantsdaily.com.au

Accodex chief executive Chris Hooper speaks to Accountants Daily's editor Katarina Taurian about how he plans to break the mould and transition his start-up into a multi-million dollar network. Chris also talks through life behind the scenes, including how he manages his personal schedule, his family life, and his energy as he pours everything into fuelling his brain child. http://www.accountantsdaily.com.au