From The Trenches David Boyar

Best on Ground

Accounting Coaches that prove their value – with a p and l!

https://www.linkedin.com/posts/sharonsnetwork_business-accounting-coaching-activity-6923203081497182208-EN8M/?utm_source=linkedin_share&utm_medium=android_app

Even when McKinsey stuffs up they win

https://twitter.com/MattZeitlin/status/1517279854135107584

What happens after you sell your payroll app? Richard McLean (@richviking99) / Twitter

If you work for a tech company and rely on your shares instead of your wages/bonuses you’ll probably lose out

https://investing1012dot0.substack.com/p/valuations?s=r

 

Paul – Not best or worst, just really interesting seemingly lots and lots of LinkedIn new job posts. Not great resignation but Great Movement. Divipay have 14 jobs open! https://www.linkedin.com/feed/update/urn:li:activity:6936623969076658176/

ChangeGPS have 3 open positions Work with Us (changegps.com.au)

Worst on Ground

Power to accountants doing what the bodies aren’t

https://www.linkedin.com/feed/update/urn:li:activity:6927750334123556864/

Meanwhile the IPA and CA submissions were dated AFTER the advertised due date after having 6 years to get their act together!

If Benny Hill music had a font type it would be the new sage logo https://www.business-live.co.uk/professional-services/software-giant-sage-unveils-new-23796099

Accounting Bodies Out of touch with the urgency of s100a 

Xero Roadshow Review

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Best on Ground

Paul

Tech wont change your life much in the next ten years - here’s why https://twitter.com/sweatystartup/status/1505125330817802244 

Fast Collapse:

https://www.axios.com/fast-checkout-startup-collapse-029d1601-6d4f-43a4-b816-bd4b15771bbe.html 

AccountexAU launch 

What it needs to prove: That it can make a fair profit for it’s substantial risk with the available quality content providers https://twitter.com/AccountexAus/status/1511555738430500864 

Farewell Craig Walkerhttps://twitter.com/storminwalker/status/1509699836463005698 

David

A new Practice Manager Consideration

I recently got asked if the practice management solutions actually solve a problem (so many firms just use excel) - CAA use Karbon. Paul uses excel and XPM and we hear about FYI docs all the time but PWC has chosen….Monday https://www.linkedin.com/posts/mondaydotcom_global-alliance-with-kpmg-ugcPost-6902266804081958912-8qPt/ 

Tinder for tax

Gofar making FBT simple and is calling itself Tinder for Tax 

https://www.gofar.co/ 

How GoProposal gets it’s staff to work in the office https://www.linkedin.com/feed/update/urn:li:activity:6917789747926949888/?commentUrn=urn%3Ali%3Acomment%3A(ugcPost%3A6917789738972110848%2C6917964958639030272) 

Even Jerry Seinfleid knows big firms aren’t better https://twitter.com/buccocapital/status/1510249981789282304 

 

Worst on Ground

Dave

Frustrated how we seem to keep printing money? Monopoly has your answer https://twitter.com/biancoresearch/status/1510254967113748485 

 

The war in Ukraine - and the impact on accountants with clients doing business in Russia https://www.linkedin.com/posts/daniel-rosenblatt-trade-law_sanctions-russia-belarus-activity-6905150591698644994-Vdha/ 

 

Accounting Bodies are Failing. 

Accounting Bodies gloss over their systemic failures around talent and there aren’t enough accountants to lodge returns. 
They are the accountant makes
There aren’t enough accountants
We lose the battle for talent on campus 
We focus on mental health after the damage is done and do nothing to stop the system that creates the mental health issues s100a retrospective changes is the best example
Who will lodge the tax returns in 10 years? CPA seems to focus on their total members not their tax lodgers.

https://www.accountantsdaily.com.au/business/16806-accountants-turning-from-technicians-to-problem-solvers/amp 

Small Practitioners don't have a voice - s100a proved it - No seat at the table yet again

ATO says industry asked for s100a guidance? But who asked? Who is actually your voice here? Check out who sits on the ATO’s consultation group. Did they represent you? https://www.ato.gov.au/general/consultation/consultation-groups/stewardship-groups/private-groups-stewardship-group/ 

The current advocacy system is designed to get you to comply, not to represent you.

Independence? IPA CEO appointed to TPB Board making a judge, jury and executioner 

https://www.tpb.gov.au/news-media/media-releases/tax-practitioners-board-welcomes-two-new-members 
The TPB accredits the IPA - From their website
Professional associations may be accredited by us as a recognised tax agent or BAS agent association if they meet certain requirements in the Tax Agent Services Regulations 2022 (TASR). 
The IPA Accredits Accountants - From their website 

The IPA is a professional accounting body which sets professional and ethical requirements for its members, which they are required to uphold.

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5 years ago Paul Meissner stood in the door frame of David Boyar's office at the fancy co-working space WorkClub on Collins St Melbourne. It was so fancy, by co-working standards that it hard original parquet floors.

Arguing about something Xero had just done Megan Velo, who seemed to do all of David's client work, suggested the two should start a podcast.

Ron Lesh and BGL backed it.

5 years of tech promises, tech deliverables, delayed tech, industry body fails, and change that was sped up by a pandemic went past. 

An active community desperate for a voice was developed. 

Trent McLaren was appointed as CEO. 

Then Linked In reminded Dave and Paul, it was their 5 year anniversary and they just so happened to be booked for a live show at the ChangeGPS Summit on the Gold Coast. 

So Dave and Paul did what they've done so many times before. They hit record. 

 

Joining the show

BGL CEO Ron Lesh

From the Trenches CEO and DiviPay head of accounting Trent McLaren 

 

 

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Listen to learn:-
The major announcement - the trenches team is expanding
How changing your firms purpose can win the war of talent in the accounting industry 
Why it is hard to establish relationships in the accounting sector
How the world would be if it only had accountants
Governments blaming accountants for their forecasting faults
Why tech companies need to separate bookkeeper and accounting messaging 
Why top line growth doesn't make you happy
David explains the plan and session for the Trenches GPS Summit on May 2022

Best on Ground 

Paul 

Real time dashboards are overkillhttps://www.linkedin.com/posts/lukalovosevic_data-automation-realtimeanalytics-activity-6889545309546938368-XEzY/  

ReckonOne is more popular than most of us think, great results from Reckon

https://www.reckon.com/au/media/half-year-financial-report-2021-reckon-delivers-strong-results/

The IPA SHOULD host their tax deductible junket conferences in Fiji otherwise we can't justify any benefit at all to Australian members for this https://www.accountantsdaily.com.au/business/16650-ipa-and-the-fiji-institute-of-accountants-announce-partnership 

 

David

Baker Tilly Changes it’s purpose away from lodging tax returns https://www.linkedin.com/posts/alan-whitman-357ab91_purpose-nowfortomorrow-activity-6896447373279911936-9rV3/ 

We don’t celebrate raises often but HNRY raising 16m at a 100m valuation is good for Australian Accountants https://www.stuff.co.nz/business/127646547/wellington-startup-hnry-eyes-expansion-after-securing-16m-investment 

The IRS joins Tik Tik - hilariously https://twitter.com/dhtoomey/status/1488270707406614528 

Poor accounting leads to $5billion in extra rail payments https://www.abc.net.au/news/2022-02-09/nsw-government-criticised-over-accounting-by-auditor-general/100816682  and Lance Rubin responds https://www.linkedin.com/feed/update/urn:li:activity:6897288212595798016/ 

 

Worst on Ground

Paul 

More traditional accountant bashing:

https://www.linkedin.com/feed/update/urn:li:activity:6897992721726795776?commentUrn=urn%3Ali%3Acomment%3A%28activity%3A6897992721726795776%2C6898074647389175808%29

 

David

The busted client https://twitter.com/IraGilligan/status/1487146713949343753 

The connected/Xero/Tech Savvy accountant is still news to the average business owner even though it’s ten years old https://digitalmag.theceomagazine.com/anz/march-2022/innovate/nick-urry/ 

Outdated Hiring Practices - We are not who we worked for we are what we do https://www.linkedin.com/posts/activity-6897313048122544128-qS8U 

Quotes from the Episode

“I don't know how people can attract anyone to the profession when for 20 years they said the profession is not going to exist.” Paul 

“One thing that's hard to replicate in the accounting industry is the relationship.” David

“Financial models are wrong because the drivers are wrong” David

“There’s a difference between a model being wrong and the actual application of accounting standards.” David

“We are not who we worked for. We are what we do.” Tyler 

 

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Welcome To 2022 - where all you need to do is not stay at home and live a little to start enjoying life again. 

 

Best On Ground

David

The cool young accountants are sharing their salaries on Reddit https://www.reddit.com/r/AustralianAccounting/comments/s0fjr0/salary_thread/  

Staff need the best tech to work well at home so the practice leaders should own IT  https://www.linkedin.com/posts/activity-6880013227548397568-OI8_/ 



Paul

Lorilyn Wilson perfectly explains how one can look stupid trying to make the USA Tax System simple https://t.co/czIDGNiaDE   

Phenomenal Leadership Tips from NFLs Best young coach. (this is the bloke with the get back coach  This is what a Get Back Coach is What it's like to be Sean McVay's 'get back' coach | NFL Films Presents) 

Dave Kline on Twitter: "Sean McVay is the winningest active NFL coach. He's 35 years-old & 3 other current NFL head coaches worked for him. Sean McVay's leadership principles for Competitive Greatness🧵 https://t.co/bKoPRRh7op" / Twitter 

Worst on Ground

David

Company's are so desperate for your attention one offered David a set of Apple Air Pods, $250 cash and $750 on an amazon card!

The irony of GLOBAL tech giants realising they can't only employ in the Bay Area https://twitter.com/patrickc/status/1480647701221896195 

The great resignation is Fake https://www.afr.com/work-and-careers/workplace/great-resignation-may-be-just-around-the-corner-20211122-p59b2d 

 

Paul

Ask a dumb question get a dumb answer - this is the worst poll of all time https://www.news.com.au/finance/money/wealth/how-much-aussies-think-they-need-to-earn-to-have-a-good-life/news-story/6e3d352916da228379e032df476b4e0a 

In 2014 people thought Australia had too many accountants https://www.smh.com.au/business/does-australia-have-too-many-accountants-20140212-32huu.html 

 

Software Companies who can't differentiate between Accountants and BookKeepers 

 

 

 

 

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2022 has produced a focus on gender inequality in the accounting industry with both CAANZ and Intuit producing detailed reports about the current state of play. 

Sometimes the story is told as a battle of Men v Women and that likely won't produce results that bring positive returns to firm owners and positive experiences for accountants impacted. 

For many, actively engaging in the gender pay gap can be scary, for many, the floor is lava and we don't want to fall. 

But without awareness progress can't happen so From The Trenches is proud to present this episode together with Intuit Quickbooks and their new Gender Equity in the Accounting Profession report  

Get the Report Here  https://www.accountantsdaily.com.au/gender-equity-in-accounting-addressing-the-career-cliff 

In this episode David Hosts Intuit Head of Accounting Shaye Thyer who has assembled an epic panel including:
Kylie Parker from Lotus Accounts who started her own firm and is one of only 2 female led firms in the 2020 AFR Top 100 
Peter McCarthy from Principal Precision  - Taxation Accounting and Management who won the Australian Accounting Awards Diversity and Inclusion Award. 
Paul Janzs from Professional Partners who advocates for equality so he can help raise his boys to the values he lives in his practice. 

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