87. How To Stay Focused

86. Tech Adoption Vs. Tech Innovation

Tech Adoption vs Tech Innovation

David takes Paul to task on his Linked In (nearly viral) post where he boldly asserted that Tech Innovation has stalled. The response: Who cares, tech adoption is the challenge.

And we really want to hear from listeners in the UK about MTD and the real impact on your firm.

Best on Ground

Royal Commission into Banking Vs Management Speak '"It sounds so complicated when you say it, but you're a bank. Presumably your purpose is to be a bank. Is it?"'https://www.afr.com/brand/chanticleer/banking-royal-commission-nab-chief-andrew-thorburn-steps-through-haynes-pay-trap-20181126-h18cj2

ACCA's new emotional intelligence support program https://www.accaglobal.com/gb/en/professional-insights/pro-accountants-the-future/emotional-quotient-in-a-digital-age.html

Xero's new navigation changes https://www.xero.com/blog/2018/11/xeros-new-navigation-harnessing-power-change/

Lessons in marketing https://www.littlevillagecreative.com.au/blog/accountkit-xerocon-case-study

Worst on Ground

UK's House of Lords has won a battle against Making Tax Digital providing more evidence that Australia https://www.accountingweb.co.uk/tax/hmrc-policy/lords-slam-making-tax-digital-rollout

Australia isn't ready for a cashless society https://www.smartcompany.com.au/finance/economy/cash-dead-problems-digital-ecosystem/

Australia's Kodak Moment? Really?? http://www.pubacct.org.au/blog/accountants-embrace-change-will-flourish?utm_source=IPA&utm_campaign=IPA_Bulletin02_11_18&utm_medium=email

Interview: Christopher Arnold IFAC

Interview: Christopher Arnold IFAC

On the sidelines of the World Congress of Accountants WCOA conference, we had the honour of chatting with Christopher Arnold, who manages the IFAC Small - Medium Practice sector as well as heads up Research. The 2018 IFAC Global SMP Survey highlighted the latest challenges facing SMP Accountants around the world. Christopher breaks down the numbers and we look at how Australia compares to the rest of the world. Some really interesting numbers.

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85. Get Involved in Our Industry!

With the calls of accountants dying a horrible slow death subsiding it's now time to take control back and be a part of a solution.

David and Paul share 3 ways each to get involved in the accounting industry.

Best On Ground

Why do so many accountants say they are busy, here is a better way to manage ‘‘being busy’’ https://www.bkindred.com/blogs/human-first-podcast/why-busy-bullshit-episode-8

Enjoy Accountants Daily surveys https://www.accountantsdaily.com.au/resources/polls/247-do-you-support-a-move-towards-standard-deductions-for-work-related-expenses

Labor’s plan, announced by Shadow Assistant Treasurer Andrew Leigh, would involve volunteers, students and practitioners providing advice to taxpayers and businesses. https://www.smartcompany.com.au/finance/tax/sme-free-tax-advice-labor-policy/

Worst on Ground

Who’se fault is it that businesses keep running out of cash? https://www.smartcompany.com.au/business-advice/reason-small-business-going-broke/

$99 tax advisory? no thanks https://techcrunch.com/2018/11/16/pitching-a-99-tax-advisory-service-for-the-masses-visor-has-raised-9-million/amp/#click=https://t.co/gNu2vxsi0d

Interview: Neil Olesen ATO 2nd Commissioner

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On the eve of Neil finishing up with the ATO after 35+ years, From the Trenches had an exclusive interview to discuss tax administration had changed over the last 35 years. Rarely do accountants hear such a candid view from inside the ATO


We explore some of the immense changes the ATO have gone through, what Neil is most proud of, tax avoidance and the management of it has changed, as well as balancing ensuring compliance without undue burden.

82. The Tech Adoption Myth

Tech Adoption

''We are in an unprecedented era of change''

We hear this sentiment often but what does it actually mean? Is this massive rapid disruption, or is this just the same thing the world has seen and done at every major tech disruption since the telephone was invented?

David and Paul look at new data that debunks some common myths about the rate of adoption of the worlds most innovative technologies.

Check out the data here https://ourworldindata.org/technology-adoption

Best on Ground

David -IPA calls for vocational support to help with business financial literacy http://www.pubacct.org.au/news/financial-literacy-must-sme-growth

Paul - A bar where prices are matched to the FTSE https://www.brewdog.com/lowdown/press-hub/brewdog-canary-wharf

Worst on Ground

David - Paul's hopes of an accounting standard that allows SMEs to report per tax law have been dashed https://www.accountantsdaily.com.au/tax-compliance/12276-tax-and-accounting-alignment-neither-feasible-not-desirable-says-tax-board

David - Chartered Accountants Catalyst program trying to match ''Start-Ups'' with Accountants is an epic waste of time https://www.charteredaccountantsanz.com/about-us/ca-catalyst/partners/stone-and-chalk

Paul - UK Accountants be warned, the expert advisers to accountants are growing https://www.charteredaccountantsanz.com/about-us/ca-catalyst/partners/stone-and-chalk

Paul - Celebrity Chef status is no guarantee of a profitable restaurant

https://www.news.com.au/entertainment/celebrity-life/jamie-oliver-says-he-has-no-more-money-to-shore-up-struggling-restaurants/news-story/ae1b22ffe1cf50613b4b0166c1af8ef1

81. Non Technical Conferences

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Paul went to Gary V and David went to Singapore, what happened?

Show Notes

Are Start Ups a Ponzi Scheme? https://www.cnbc.com/amp/2018/10/10/start-up-economy-is-a-ponzi-scheme-says-chamath-palihapitiya.html

ASIC grows some teeth https://www.theage.com.au/business/companies/michael-clarke-backed-cryptocurrency-folds-after-asic-comes-knocking-20181022-p50b88.html

Beautiful Excel Art https://www.ejstevens.com/collections/spreadsheet-art

Awkward ATO https://www.youtube.com/watch?v=g9MkzzAfNhI

App overload? More like app marketing overload! https://www.linkedin.com/pulse/1-simple-trick-avoiding-app-overload-hugh-walker/

Bots just won't take over https://taxbot.com/