23. Paul v David: Can we be software Exclusive?

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Welcome back Paul from two weeks out of trenches. This week is so big we actually had to interrupt our pre-game arguing to save some of the fight for the show. This was all Lielette ( Calleja https://www.linkedin.com/in/lielettecalleja/ fault for accountant to stop rejecting clients who didn't use their preferred general ledger system. 

Best on Ground

Buying fancy cash flow and reporting products doth not make an advisory practicenotes Grant Bloxham - CEO of Bstar https://www.linkedin.com/feed/update/urn:li:activity:6307716523087794176/ 

Growth is better than profit when.....you at Amazon and you want market share off millennials, cheap Kale, what we always dreamed of, how did you know Amazon? http://www.smh.com.au/business/retail/sorry-supermarkets-amazon-just-fired-its-opening-salvo-in-the-grocery-wars-20170824-gy3uhp.html

In the accounting version of Wiki Leaks, BDO plans to become a national firm leak to the AFR and Paul reckons their SME clients who still like to feel loved will flee out to smaller firms. http://www.afr.com/business/accounting/bdos-secret-partner-retirement-proposal-weighs-on-merger-20170825-gy4d9x

Tax Cocaine is one article in The Australian and David thinks that if it stops the government meddling with Super and Trusts to raise revenue then it is a good idea.

Gated content http://www.theaustralian.com.au/opinion/market-forces-will-control-drug-use-and-always-have/news-story/80db9f0c66a3c2afc6fc6168da908e0d   http://www.couriermail.com.au/news/federal-government-warns-labors-tax-grab-plan-will-cost-150bn/news-story/c4e5d965a3a6b3ab08ed7330eef1735f  

Worst on Ground

We go analogue to a full page add in the printed Australian Financial Review taken out by Xero promoting their great success at Canstar, there's just one problem, who are their audience?

The ATO is allowing a 50% chance of top 1000 companies to have a crack at compliant structures.

Media Watch

If your firm isn't growing - it's dying, says one consulting firm,  RUBBISH we say https://www.linkedin.com/feed/update/urn:li:activity:6304743000694104064

 

5 in 5

Mark Bain http://www.mcp.co.nz/our_team/invercargill/profiles/mark_bain

In Depth Topic

In a world where single ledger is providing mass efficiency for firms, is it ok to knock back a client who doesn't use your preferred software?