14. Welcome FY18. How we start the new year.

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In another big week of news from CPA Australia we go deep and wide to find something to talk about other than the Alex Malley exit parade. 

David finally sees a useful example of AI in tax research and Paul finds a way to actually use it. CAANZ offers a helping hand to disgruntled CPAs and a handful of CA's act very gentlemanly about helping out CPAs in need of a reference. 

A 1 cent confusion in the tax law is overplayed as the most complicated piece of legislation ever and Paul questions the technical stuff up of the Deloitte audit team over CPAs director remuneration disclosers.   

MYOB publishes a fake news (or just very poorly researched) report into SMEs lodging their own tax returns whilst Steph Hinds from Growth Wise shares some brilliant ninja nuggets of wisdom in 5 in 5. 

 

 

Bog - 0:56

Really useful Tax AI that actually does something and isn't just hype http://ailira.com/ 

CAANZ offering a pathway for CPAs to join https://www.charteredaccountantsanz.com/become-a-member/memberships/pathway-from-cpa-australia and CAANZ members responding well https://www.linkedin.com/feed/update/urn:li:activity:6285569539547631616/ 

Wog - 7:17

The 20k instant asset write off actually only being a $19,999.99 instant asset write off is not the most confusing tax event of all time https://www.accountantsdaily.com.au/tax-compliance/10456-tax-institute-labels-20k-tax-break-confusing

Deloitte really should have done a better job with the CPA directors remuneration report http://www.afr.com/business/accounting/cpa-deloitte-forget-to-mention-12m-in-exec-pay-20170701-gx2u3z

Fake news - 13:42

MYOB has grossly over stated the amount of SMEs who will lodge their returns by themselves based on actual historical information https://www.accountantsdaily.com.au/tax-compliance/10428-smes-shun-accountants-this-tax-time-research-finds

 

5in5 - 19:37 Steph Hinds from Growth Wise http://www.growthwise.com.au/ 

In depth - 28:04 3 things we are doing to kick start the year