Live! With Ron Lesh, Nat Lennon and Lee Duffield
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This is a live recording of our inaugural live web event. Watch it here https://www.youtube.com/watch?v=148RqyJexj8
The chat box exploded as the audience interacted with this weeks show and with the awesome feedback we promise Trenches Live will be back soon.
After the usual best and Worst BGL Founder and CEO Ron Lesh is taken of the Lesh and delivers his usual direct shot of reality into the debate amidst calls from the chat box for him to run for PM!
Lee Duffield from All in Advisory and Nat Lennon from Two Sides Accounting, two brilliant public practitioners, join to answer the questions that matter from those in the trenches
What did you learn about yourself?
Has your relationship with your business changed?
News round up
Best on Ground
Paul Meissner
Accountants and Bookkeepers handling JobKeeper, cash boost, etc. Psychologist (client) story.
Robyn Jacobson moves to the TIA. Interesting given this puts a tenacious advocate for taxpayers in to an organisation that has some clout. Could we see better advocacy from professional bodies??
https://www.taxinstitute.com.au/timediarelease/the-tax-institute-appoints-tax-leader-robyn-jacobson-as-senior-advocate
Tax jokes in TV series. Schitts Creek (Netflix) very funny scene on trying to claim personal stuff as a business expense.
https://www.linkedin.com/posts/mark-newman-accountant-for-builders-electricians-trades_thats-not-a-write-off-scene-from-schitts-activity-6661776582073425920-5a0y
David Boyar
Early suggestions of tax reform - Nixing Consumption taxes the way GST intended
https://www.linkedin.com/feed/news/car-sales-cut-in-half-by-pandemic-5185554/
Is the VCFOA back, great job and reframing different types of advice during a recession
https://vcfoassociation.com.au/surviving-and-re-booting-are-2-separate-problems/
The DropBox Blog is beautiful. Relevant and
https://blog.dropbox.com/topics/work-culture/distributed-work-setting-boundaries?utm_source=twitter&utm_medium=social&utm_campaign=distr-work&utm_content=boundaries
Worst on Ground
Paul Meissner
Professional bodies lack of real support during this time
Ineffective in Canberra
No tools/resources
No additional member contact, not even an email from the org, ceo, etc
Only contact was selling/promoting productsHey hey CA video’s, I get it, it was fun, but where’s the practical effort.
David Boyar
Small biz accountants not at the table in canberra and thats why everyone got stressed.
The cause of stress wasn’t the ATO updates, it was that legislation did not consider how small biz accountants advise clients. ATO forced to run on its feet
3 big red marks - Accountants exemption, Franking credits, JK rules
Bodies did an excellent job explaining AFTER the fact
Accountants continually unsung
https://twitter.com/LieletteCalleja/status/1258218705571311616
The Tax Institute has requested the following editorial corrections:-
The following statements are factually incorrect:
Statement 1: “The Tax Institute doesn’t give a stuff about anyone who is on this show right now”
The Tax Institute works for the betterment of the tax system as a whole, the flow on effect of which is a better tax system for all participants in the system. This inevitably includes listeners of this podcast. The Institute represents tax professionals across the spectrum of the profession, those representing individual taxpayers all the way through to corporates. All members of the Institute are supported regardless of which sector they work in or represent.
Statement 2: “They care about big corporate Australia”....”Don’t understand SMEs exist
The majority of Tax Institute members are tax professionals working for SME businesses. Our CPD content and educational offerings, including our workshops at our recent Tax Summit, are geared towards supporting SME practitioners. The Institute has a National Technical Committee dedicated to supporting SME practitioners in their practice. Robyn’s recent announcement further deepens and amplifies our proactive efforts to support and engage with our SME community.
Statement 3: “Robyn’s appointment is a big loss to the SME community”
This is speculative and is unjustified. Supporting the tax community, in which SMEs play an integral part, is a fundamental component of Robyn’s role. This was outlined when her appointment as the Senior Advocate for The Tax Institute was recently announced. https://www.taxinstitute.com.au/timediarelease/the-tax-institute-appoints-tax-leader-robyn-jacobson-as-senior-advocate
Statement 4: “Moving to the top end of Collins St or Barenjoey”
Our head office is located at 37/100 Miller St North Sydney. It’s certainly not the ‘top end of town’ in the way that was implied in this podcast.
