Massive episode for the boys given what’s happened in the past week. Join Dave and Paul as they run through the best and worst on grounds, covering compliance, culture and collaboration. 
They’re joined by Sarah Lawrence to talk about her adventures in the virtual CFO world and the in-depth topic this week is none other than the Fairfax and Four Corner’s attack on the ATO. Not to be missed! 

From The Trenches’ - Real Life in the Accounting Industry presented by Paul Meissner and David Boyar. 
https://www.fromthetrenches.com.au/ 

Show Notes 

0:45 Best on Ground 

Paul 

10 Errors to Avoid when Collaborating with an Accountant 
http://magazine.riskinfo.com.au/34/ten-errors-to-avoid-when-collaborating-with-an-accountant/ 
‘Absolutely spot on’ 

Wealthy Clients Headaches Driving Business for Accountants, Research Finds 
https://www.accountantsdaily.com.au/tax-compliance/11516-wealthy-clients-headaches-driving-business-for-accountants-research-finds 
A great piece on a pertinent issue. 

David 

MYOB’s Culture 
Dave got a tour of the MYOB office earlier this week and was ‘blown away’ by what he saw. 

8:42 Worst on Ground 

Paul 

Planners Lobby Claims: Accountants Hold Unfair Advantages 
https://www.accountantsdaily.com.au/professional-development/11506-planners-lobby-claims-accountants-hold-unfair-advantages 
After years of criticising accountants, this comes as a shock. 

CA Issues in the AFR this Week 
‘Where were CA? They need to have a voice’ 

David 

We’ve Created the Accounting Bubble, Now We’re All Trapped Inside 
https://www.linkedin.com/pulse/weve-created-accounting-bubble-now-were-all-trapped-inside-mclaren/ 
‘This piece is why the show exists’ 

13:47 5 in 5 Summary: 

The boys are joined by Sarah Lawrence at the Accounting Business Expo, sharing a bit about her background, insights and comments on the virtual CFO world. 

• Sarah believes branding is a key mechanism to present viewpoints to the industry and grow your follower base 
• She engaged a marketing expert and believes it’s been a great return on investment 
• She feels acting as trusted advisors and adding value is key to client longevity 

17:41 In-Depth Topic: 

This week, the ATO were investigated by a Fairfax Four Corners duo that put them under the microscope. The boys broke down the key issues: 

• R&D grant experts were on a commission based scheme – sounds a lot like the banking royal commission? 
• Mark Leibler was misrepresented and the stories where relatable “Aussie battlers” have captured the attention of the nation 
• No tax agents utilised by Four Corners on the show – which reveals a lack of understanding of tax administration in Australia whereby the tax agent is the conduit to soften the blow. 
• If we are going to look at their heavy collection practices we need to consider their loose lending ones.

Massive episode for the boys given what&rsquo;s happened in the past week. Join Dave and Paul as they run through the best and worst on grounds, covering compliance, culture and collaboration. They&rsquo;re joined by Sarah Lawrence to talk about her adventures in the virtual CFO world and the in-depth topic this week is none other than the Fairfax and Four Corner&rsquo;s attack on the ATO. Not to be missed! From The Trenches&rsquo; - Real Life in the Accounting Industry presented by Paul Meissner and David Boyar. https://www.fromthetrenches.com.au/ Show Notes 0:45 Best on Ground Paul 10 Errors to Avoid when Collaborating with an Accountant http://magazine.riskinfo.com.au/34/ten-errors-to-avoid-when-collaborating-with-an-accountant/ &lsquo;Absolutely spot on&rsquo; Wealthy Clients Headaches Driving Business for Accountants, Research Finds https://www.accountantsdaily.com.au/tax-compliance/11516-wealthy-clients-headaches-driving-business-for-accountants-research-finds A great piece on a pertinent issue. David MYOB&rsquo;s Culture Dave got a tour of the MYOB office earlier this week and was &lsquo;blown away&rsquo; by what he saw. 8:42 Worst on Ground Paul Planners Lobby Claims: Accountants Hold Unfair Advantages https://www.accountantsdaily.com.au/professional-development/11506-planners-lobby-claims-accountants-hold-unfair-advantages After years of criticising accountants, this comes as a shock. CA Issues in the AFR this Week &lsquo;Where were CA? They need to have a voice&rsquo; David We&rsquo;ve Created the Accounting Bubble, Now We&rsquo;re All Trapped Inside https://www.linkedin.com/pulse/weve-created-accounting-bubble-now-were-all-trapped-inside-mclaren/ &lsquo;This piece is why the show exists&rsquo; 13:47 5 in 5 Summary: The boys are joined by Sarah Lawrence at the Accounting Business Expo, sharing a bit about her background, insights and comments on the virtual CFO world. &bull; Sarah believes branding is a key mechanism to present viewpoints to the industry and grow your follower base &bull; She engaged a marketing expert and believes it&rsquo;s been a great return on investment &bull; She feels acting as trusted advisors and adding value is key to client longevity 17:41 In-Depth Topic: This week, the ATO were investigated by a Fairfax Four Corners duo that put them under the microscope. The boys broke down the key issues: &bull; R&amp;D grant experts were on a commission based scheme &ndash; sounds a lot like the banking royal commission? &bull; Mark Leibler was misrepresented and the stories where relatable &ldquo;Aussie battlers&rdquo; have captured the attention of the nation &bull; No tax agents utilised by Four Corners on the show &ndash; which reveals a lack of understanding of tax administration in Australia whereby the tax agent is the conduit to soften the blow. &bull; If we are going to look at their heavy collection practices we need to consider their loose lending ones.

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve. 
David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants? 

If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them. 

Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. This podcast won’t be for the faint hearted.

https://www.fromthetrenches.com.au/

From The Trenches

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve. 

David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants? If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. 

It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them. Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. 

This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. 

This podcast won’t be for the faint hearted. https://www.fromthetrenches.com.au/

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve. David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants? If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them. Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. This podcast won’t be for the faint hearted. https://www.fromthetrenches.com.au/

Massive episode for the boys given what’s happened in the past week. Join Dave and Paul as they run through the best and worst on grounds, covering compliance, culture and collaboration. 
They’re joined by Sarah Lawrence to talk about her adventures ...

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