What a week to make worst on ground. No matter how hard you tried, some other company did it worse.

Xero are pulling their much loved version 1 reports. That was a show until…

KPMG got caught cheating and CA did barely anything about it. That was a show until…

CAANZ took 18 months to do what little they did causing all three accounting bodies to get a please explain from the Professional Standards Authority and somehow found a way to defend their actions and blame their processes instead of any one person.

Sounds like the type of unaccountable culture that could lead to….say……systemising ethical breaches.

Best on Ground

David

Xero’s Emotional Tax Return Campaign https://www.linkedin.com/posts/joseph-lyons-au_running-your-own-business-is-an-incredibly-activity-6949868389066514432-7Qly/?utm_source=linkedin_share&utm_medium=member_desktop_web

Accountants Daily new Editor Phil King is capturing the mood of the industry with tech news and industry voice

Paul

New Xero product - Xero go. Interesting given the current app already has a lot of the functionality.  https://www.xero.com/blog/2022/07/xero-go-for-uk-based-sole-traders/

Beta testing new tech is good for the customer. 

AI in Food - https://www.afr.com/technology/pizza-giant-gets-into-maths-of-preparing-food-before-orders-arrive-20220713-p5b1g0

Worst on Ground

Paul

CA can’t uphold the ethics of the profession 

https://www.afr.com/companies/professional-services/professional-regulator-blasts-shocking-delay-in-kpmg-cheating-probe-20220718-p5b2jn
Perception that CA treat big firms better than small may not be true 
CAANZ blame their processes, but what about their people? Who is actually responsible?
The by-laws can’t punish the right entities
How important is being part of the Professional Standards Authority? 

ANZ - MYOB - Suncorp - Myob

https://www.arnnet.com.au/article/699933/anz-drops-myob-acquisition-talks/

David

Rezza hood manages to upset accountants and bookkeepers in one overly salesy Hpost

https://www.linkedin.com/posts/rezahooda_accountants-accountingandaccountants-activity-6953303419453378560-b5xX/?utm_source=linkedin_share&utm_medium=member_desktop_web

Mass Media Fear mongering on interest rates makes us dumberhttps://www.linkedin.com/posts/michaelhutchens_australias-mass-media-reporting-of-the-reserve-activity-6949950144876290049-rnjx/?utm_source=linkedin_share&utm_medium=member_desktop_web

Atlassian is so unprofitable but we worship them

https://www.smartcompany.com.au/startupsmart/analysis/atlassian-unprofitable-valuation-adam-schwab/

Why VCFO Fails https://www.linkedin.com/feed/update/urn:li:activity:6947990583122513920/  VCFO association is part of the solution they spend their time trying to educate on the difference  https://vcfoassociation.com.au/



__________________________________________________

This Episode is brought to you by ChangeGPS - Growth Profit Systems making accounting client friendly (brought to you means Dave did it on ChangeGPS time). 

Register for the 2022 Financial Statements + Tax Return Workpapers Masterclass

Monday 1st August 2022

1:00-2:00pm AEST

2022 Financial Statements + Tax Return Workpapers Masterclass (changegps.com.au)

Do you want to get your entire team to have an efficient and standardised Year End process?

Invite the whole team - even your juniors! - for our 2022 Financial Statements and Tax Return Workpaper Masterclass. With a consistent “one-way for everyone” approach, your firm will be able to:
work efficiently to deliver year end, the same way, for all clients 
de-risk by ensuring all work is produced to an exact quality standard
train your employees with a comprehensive client service system and simplified workpapers 

You'll join ChangeGPS Founder, Timothy Munro, and CEO, David Boyar who will deep dive in to our most popular workpapers, utilised by thousands of accountants across Australia.

Register now 2022 Financial Statements + Tax Return Workpapers Masterclass (changegps.com.au)

Join us to learn:
Why “one way” of doing things across your entire firm maximises your production and minimises your review time
The balance your team needs to take to keep your jobs profitable without becoming an ATO auditor on every transaction!
Why Excel workpapers strike the accountant's perfect balance between standardisation and flexibility
Why Excel Workpapers and Xero Workpapers combine for management review perfection
How to get your clients engaged in the year end process without relying on a threat from the ATO

PLUS: See how your client’s TAX OBLIGATIONS should be recorded at year end on their Balance Sheet and how our 2022 Tax Checklists help prompt your team to ensure this always happens!

What a week to make worst on ground. No matter how hard you tried, some other company did it worse.
Xero are pulling their much loved version 1 reports. That was a show until…
KPMG got caught cheating and CA did barely anything about it. That was a show until…
CAANZ took 18 months to do what little they did causing all three accounting bodies to get a please explain from the Professional Standards Authority and somehow found a way to defend their actions and blame their processes instead of any one person.
Sounds like the type of unaccountable culture that could lead to….say……systemising ethical breaches.
Best on Ground
David
Xero’s Emotional Tax Return Campaign <a href="https://www.linkedin.com/posts/joseph-lyons-au_running-your-own-business-is-an-incredibly-activity-6949868389066514432-7Qly/?utm_source=linkedin_share&amp;utm_medium=member_desktop_web">https://www.linkedin.com/posts/joseph-lyons-au_running-your-own-business-is-an-incredibly-activity-6949868389066514432-7Qly/?utm_source=linkedin_share&amp;utm_medium=member_desktop_web</a>  
Accountants Daily new Editor Phil King is capturing the mood of the industry with tech news and industry voice
Paul
New Xero product - Xero go. Interesting given the current app already has a lot of the functionality.  <a href="https://www.xero.com/blog/2022/07/xero-go-for-uk-based-sole-traders/">https://www.xero.com/blog/2022/07/xero-go-for-uk-based-sole-traders/</a> 
Beta testing new tech is good for the customer. 
AI in Food - <a href="https://www.afr.com/technology/pizza-giant-gets-into-maths-of-preparing-food-before-orders-arrive-20220713-p5b1g0">https://www.afr.com/technology/pizza-giant-gets-into-maths-of-preparing-food-before-orders-arrive-20220713-p5b1g0</a> 
Worst on Ground
Paul
CA can’t uphold the ethics of the profession 
<a href="https://www.afr.com/companies/professional-services/professional-regulator-blasts-shocking-delay-in-kpmg-cheating-probe-20220718-p5b2jn">https://www.afr.com/companies/professional-services/professional-regulator-blasts-shocking-delay-in-kpmg-cheating-probe-20220718-p5b2jn</a> 
<ol>
<li aria-level="1">Perception that CA treat big firms better than small may not be true </li>
<li aria-level="1">CAANZ blame their processes, but what about their people? Who is actually responsible?</li>
<li aria-level="1">The by-laws can’t punish the right entities</li>
<li aria-level="1">How important is being part of the Professional Standards Authority? </li>
</ol>
ANZ - MYOB - Suncorp - Myob
<a href="https://www.arnnet.com.au/article/699933/anz-drops-myob-acquisition-talks/">https://www.arnnet.com.au/article/699933/anz-drops-myob-acquisition-talks/</a> 
David
Rezza hood manages to upset accountants and bookkeepers in one overly salesy Hpost
<a href="https://www.linkedin.com/posts/rezahooda_accountants-accountingandaccountants-activity-6953303419453378560-b5xX/?utm_source=linkedin_share&amp;utm_medium=member_desktop_web">https://www.linkedin.com/posts/rezahooda_accountants-accountingandaccountants-activity-6953303419453378560-b5xX/?utm_source=linkedin_share&amp;utm_medium=member_desktop_web</a> 
Mass Media Fear mongering on interest rates makes us dumber<a href="https://www.linkedin.com/posts/michaelhutchens_australias-mass-media-reporting-of-the-reserve-activity-6949950144876290049-rnjx/?utm_source=linkedin_share&amp;utm_medium=member_desktop_web">https://www.linkedin.com/posts/michaelhutchens_australias-mass-media-reporting-of-the-reserve-activity-6949950144876290049-rnjx/?utm_source=linkedin_share&amp;utm_medium=member_desktop_web</a> 
Atlassian is so unprofitable but we worship them
<a href="https://www.smartcompany.com.au/startupsmart/analysis/atlassian-unprofitable-valuation-adam-schwab/">https://www.smartcompany.com.au/startupsmart/analysis/atlassian-unprofitable-valuation-adam-schwab/</a> 
Why VCFO Fails <a href="https://www.linkedin.com/feed/update/urn:li:activity:6947990583122513920/">https://www.linkedin.com/feed/update/urn:li:activity:6947990583122513920/</a>  VCFO association is part of the solution they spend their time trying to educate on the difference  <a href="https://vcfoassociation.com.au/">https://vcfoassociation.com.au/</a> 
 
__________________________________________________
This Episode is brought to you by ChangeGPS - Growth Profit Systems making accounting client friendly (brought to you means Dave did it on ChangeGPS time). 
Register for the 2022 Financial Statements + Tax Return Workpapers Masterclass
Monday 1st August 2022
1:00-2:00pm AEST
<a href="https://register.changegps.com.au/year-end-and-workpapers-masterclass/?source=email&amp;referredby=ftt">2022 Financial Statements + Tax Return Workpapers Masterclass (changegps.com.au)</a>
Do you want to get your entire team to have an efficient and standardised Year End process?
Invite the whole team - even your juniors! - for our 2022 Financial Statements and Tax Return Workpaper Masterclass. With a consistent “one-way for everyone” approach, your firm will be able to:
<ul data-guid="c9b5bc1c-a3a8-8b08-963e-90efabbe010c">
<li>work efficiently to deliver year end, the same way, for all clients </li>
<li>de-risk by ensuring all work is produced to an exact quality standard</li>
<li>train your employees with a comprehensive client service system and simplified workpapers </li>
</ul>
You'll join ChangeGPS Founder, Timothy Munro, and CEO, David Boyar who will deep dive in to our most popular workpapers, utilised by thousands of accountants across Australia.
Register now <a href="https://register.changegps.com.au/year-end-and-workpapers-masterclass/?source=email&amp;referredby=ftt">2022 Financial Statements + Tax Return Workpapers Masterclass (changegps.com.au)</a>
Join us to learn:
<ul data-guid="a52d8fb2-0cc9-485e-fec6-63796b8dff29">
<li>Why “one way” of doing things across your entire firm maximises your production and minimises your review time</li>
<li>The balance your team needs to take to keep your jobs profitable without becoming an ATO auditor on every transaction!</li>
<li>Why Excel workpapers strike the accountant's perfect balance between standardisation and flexibility</li>
<li>Why Excel Workpapers and Xero Workpapers combine for management review perfection</li>
<li>How to get your clients engaged in the year end process without relying on a threat from the ATO</li>
</ul>
PLUS: See how your client’s TAX OBLIGATIONS should be recorded at year end on their Balance Sheet and how our 2022 Tax Checklists help prompt your team to ensure this always happens!

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/

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