100 episodes

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve.



David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants?



If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them.



Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. This podcast won’t be for the faint hearted.



https://www.fromthetrenches.com.au/

From The Trenches David Boyar & Paul Meissner

    • Business News
    • 4.8 • 45 Ratings

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve.



David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants?



If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them.



Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. This podcast won’t be for the faint hearted.



https://www.fromthetrenches.com.au/

    Lazy Accountants? Real Leaders, Excels Dynamic Arrays

    Lazy Accountants? Real Leaders, Excels Dynamic Arrays

    Best on Ground 
    Paul Meissner

    A fact sheet released by the corporate regulator highlighted it would cost members $13,900 to operate a self-managed super fund, as well as a 100-hours-a-year time commitment.

    The ATO has refined these figures, showing operating expenses are closer to $3,923 a year.

    https://www.smsfadviser.com/news/18950-ato-figures-throw-light-on-asic-s-financial-fact-sheet  

    Great content by the ATO. Content from May 2016, can’t say I have seen it before.  
    https://www.ato.gov.au/General/Trusts/In-detail/Trust-tax-time-toolkit/Resolutions-checklist/#_Does_a_resolution  

    David Boyar

    Twitter is more often a dangerous place than a supportive one but this is #taxtwitter at its best
    https://twitter.com/kjb_cpa/status/1274905696052502528 


    Could this trigger a construction sector clean up?
    https://www.afr.com/politics/federal/directors-to-get-id-number-for-life-to-thwart-phoenixing-20200612-p55218 


    Is receipt banks' strategy to win on data quality?
    https://www.accountantsdaily.com.au/technology/14498-receipt-bank-acquires-xero-app-partner 


    Dynamic Arrays are a new excel feature worth taking the time to learn 
    https://www.youtube.com/watch?v=2USJsIyIzvo 


    David Dahm is a proper leader 
    https://www.abc.net.au/news/2020-06-16/coronavirus-leaves-medical-practices-on-verge-of-collapse/12359282  

    Worst on Ground
    Paul Meissner

    “The Lazy Accountant” - Is it just another software seller telling us how we are underperforming?
    https://www.linkedin.com/posts/davidboyar_tax-activity-6681346758121017344-cYYp 

     
    Deloitte will cut 7 per cent of its workforce, or at least 700 professionals, despite the firm growing annual revenue by 10 per cent to $2.5 billion amid the COVID-19 downturn.

    Partners were told on Monday that the firm was on track to deliver revenue growth of about 14 per cent over the first three quarters of the firm's financial year but that growth had collapsed in the final quarter due to the pandemic.

    https://www.afr.com/companies/professional-services/deloitte-to-cut-at-least-700-roles-across-the-firm-20200622-p554we 

    See omnystudio.com/listener for privacy information.

    • 34 min
    Social Sycophants & Ideas That Aren't Worth Spreading

    Social Sycophants & Ideas That Aren't Worth Spreading

    The rant episode years in the making. 

    Online lives are fake  for both business and personal. This is spoken about often in our personal lives but when people are big noting themselves in business platforms, we're worried about the impact on our business lives. 

    Anyone can post any view or opinion they have now as fact. Facts no longer matter. Science is irrelevant and research is more often shared when it's commissioned by marketers who need data to sell their product. People are then emboldened by social sycophants that just agree with them. 

    And when that happens, an idea that isn't worth spreading gets spread.

    Anyone who tries a counter argument is labelled a troll or grumpy and risks damage to the professional reputation. 

    Facts don’t matter anymore, there is always a group that will feed you back your views, a comfortable confirmation bias is met. And if enough likes and clicks are made all of a sudden that person is considered a "thought leader". When all they did was share a self service opinion. 

    I often hear people pass off likes, supportive comments etc as proof that anyone holding a different view is irrelevant. 

    But we embrace the differing view. We like the friction and the debate.

     

    See omnystudio.com/listener for privacy information.

    • 21 min
    Digital Signing Booms, Returning From Home & 2 Self WOGs

    Digital Signing Booms, Returning From Home & 2 Self WOGs

    The Weekly Challenge
    The feds are handing out support cash industry group by special interest group. It seems the squeaky wheel is getting the oil as industry leaders claim mass extinction if they don’t get aid:-
    $1b. For construction
    Money for the arts
    Grants for renovations

    My challenge, is to develop a strategic funding arrangement that set us up for the next century and not whittle away the 60b left from JK!

    Best on Ground
    David Boyar

    This just became the third most loved tweet of all time - the sheer power of words to reach millions blows me away and makes me think of the reach and influence of accountants. 
    https://twitter.com/andymilonakis/status/1266821069823975430 
    Business Depot have come up with another new way to engage with clients - ultra low cost and wide reach. If a client on the edge saw this, would they wonder why 
    http://offers.businessdepot.com.au/rebound-2020 
    Xero Document Packs have made digital doc signing the hottest tech stack piece of the month 
    https://www.xero.com/au/features-and-tools/practice-tools/tax/document-packs/?escape=true 

    Paul Meissner

    Grant Thornton: The main reasons people enjoyed working from home were the reduced commute time, having the flexibility to manage their own hours, reduced expenses, and having more time for exercise and family.

    The survey also showed 45 per cent of respondents had some discomfort about returning to the office. More than 60 per cent wanted to work both at home and in the office after reopening and only 9 per cent wanted to exclusively work in the office.

    https://www.afr.com/companies/professional-services/grant-thornton-kearney-reimagine-the-post-pandemic-office-20200601-p54yc8?utm_medium=social&utm_campaign=nc&utm_source=Facebook#Echobox=1591149136 


    Ask our competitors sales people to SHOW you each of these features in their software. Not TELL you their software has a feature,  BUT actually SHOW you the feature and HOW the feature works in their software.
    https://www.bglcorp.com/2020/05/25/not-all-corporate-compliance-and-smsf-admin-software-is-the-same/  

    Leading in a work-from-home environment, Accountants are exactly the right kind of workers to thrive in a work-from-home environment. 

    Good summary of the 4 challenges
    https://www.accountingtoday.com/list/leading-accountants-in-a-work-from-home-environment?utm_source=twitter&utm_campaign=accountingtoday-tw&utm_medium=social&utm_content=socialflow  

    Worst on Ground 
    David Boyar

    Doe’s Paul’s latest Linked In “give the masses what they want” post actually hit the mark?
    https://www.linkedin.com/feed/update/urn:li:activity:6673610747613978624/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A6673526621976317953%2C6673610640814432256) 

    Paul Meissner 

    The Australian Comfort Group, which owns the SleepMaker and Dunlop Foams brands, delayed issuing invoices and the processing of customer orders in April, according to a source and documents seen by The Australian Financial Review.
    https://www.afr.com/politics/federal/ato-to-investigate-11m-jobkeeper-claim-20200531-p54y16? 


    “Finance Futurist and Podcast King”
    https://twitter.com/icmispeakers/status/1267365360145227776?s=20 

     

    See omnystudio.com/listener for privacy information.

    • 40 min
    Accountants are the Real Heroes & The S in COSBOA

    Accountants are the Real Heroes & The S in COSBOA

    NEW SEGMENT!!!

    With so much change afoot we're challenging our institutions and leaders to actually have the back of the small businesses they keep saying are the backbone of the economy.

    Paul Meissner:
    I’ve long been critical of Cosboa, far too friendly with the medium end of SME, Their conference excluded small and micro business. My challenge - don’t screw this up. I’m ready to celebrate the success of this.  https://www.cosboa.org.au/post/small-businesses-set-for-boost-with-spend-local-campaign 

    David Boyar:IR reform - We need actual representation of small business at the table so it's unions v big corporates
    https://www.theguardian.com/australia-news/2020/may/28/morrison-government-will-push-on-with-ir-reform-even-if-unions-and-employers-cant-agree

    Best on Ground

    Paul Meissner

    Staying in touch with staff remotely is super important and this is a great quiz. Good example of responding. 
    https://www.smartcompany.com.au/coronavirus/atlassian-employee-survey-open-source/ 

    Taking the mickey out of your boss isn’t grounds for dismissal apparently. BP dragged this out for 2 years and took it to the federal court. Just for offending management. 
    https://www.news.com.au/national/courts-law/worker-wins-twoyear-battle-to-take-the-piss-out-of-bosses-with-hitler-meme/news-story/3df34d53f3ceb09886adf0a619d5cb8c 

    A lot will be written about the future of work and the office. Online booking seems to be an obvious change. Not sure hotdesking dies in the end. Large commercial offices face a bigger test I feel. 
    https://www.itnews.com.au/news/nab-nixes-hotdesking-in-favour-of-app-bookable-desks-548390 

    Trust the data, what do you need a human to check it for. There are never errors…

    Political fighting here is interesting. Treasury is separate to government, staffed with the same people (largely) irrespective to who’s in government. Government always blamed. 
    https://www.afr.com/policy/tax-and-super/later-60b-jobkeeper-error-discovered-20200522-p54vkm 

    David Boyar

    Accountants are the real heroes 
    https://twitter.com/JosephCarrozzi/status/1263968097389514756

    Peter the Great graces accountants 
    https://us02web.zoom.us/webinar/register/6815904703351/WN_42ybOi-pT6mkRw1II7eBHg

    Would David be this aggressive in app marketing? Or is it just something BGL can get away with? 
    https://www.bglcorp.com/2020/05/25/not-all-corporate-compliance-and-smsf-admin-software-is-the-same/

    Worst on Ground
    Paul Meissner

    Payroll is complex, errors bound to be made. Fair work found for the employee but hard to not see this go higher up the courts. 
    https://www.afr.com/work-and-careers/workplace/qantas-dealt-blow-over-jobkeeper-payments-20200524-p54vve 
     
    https://www.afr.com/companies/professional-services/we-want-you-back-in-the-office-law-firm-tells-partners-20200524-p54vv6 


    End of year BS tax articles by people who don’t know their stuff. 
    https://www.westpac.com.au/news/money-matters/2020/04/making-sense-of-wfh-tax-tweak/ 

    David Boyar

    Advocacy: Too Little too late?
    https://www.accountantsdaily.com.au/tax-compliance/14412-practitioners-potentially-misled-by-ato-s-jobkeeper-turnover-guidance

    Does anyone know what EY is talking about? 
    https://twitter.com/BrandDNA/status/1265280824141701121/photo/1

    AI/ML Universities and job ready candidates 
    https://twitter.com/filippie509/status/1265356259621912576

     

     

     

    See omnystudio.com/listener for privacy information.

    • 40 min
    MYOB Job Cuts, Death of "XX", Scotie Pippen & Excel

    MYOB Job Cuts, Death of "XX", Scotie Pippen & Excel

    Best on Ground

    Paul Meissner
    Best and worst. Best - Interesting view admitting that advisory disappeared in the last few months. Worst - Rob Nixon wrote this 10 years ago, firms globally are living this now. 
    https://www.accountingtoday.com/opinion/our-profession-has-changed-forever 

    David Boyar
    Strong Excel Twitter game 
    https://twitter.com/msexcel/status/1260932882463289345 


    CA’s transparency on the Exam Issue 
    https://www.accountantsdaily.com.au/professional-development/14340-ca-anz-issues-mea-culpa-over-exam-hiccup 


    From the Trenches Live insane NPS is a credit to the community 
    https://blog.hubspot.com/service/net-promoter-score-benchmarks 

    Worst on Ground

    Paul Meissner
    MYOB cuts 130 jobs and warns of 'artificial economy'
    https://www.smh.com.au/business/small-business/myob-cuts-130-jobs-and-warns-of-artificial-economy-20200519-p54ua0.html  


    This is the most basic piece of content so out of touch with members. This content is more basic than what’s covered in the CA program.
    https://www.charteredaccountantsanz.com/news-and-analysis/insights/opinion/running-your-accounting-practice-in-tough-times-part-2  

    David Boyar

    The Tax Institute threatened us with legal action instead of picking up the phone  https://www.fromthetrenches.com.au/podcast/2020/5/12/live-with-ron-lesh-nat-lennon-and-lee-duffield

    Headline: Death of the Office - Copy: It’s too early to tell 

    https://www.afr.com/work-and-careers/workplace/the-death-of-the-office-20200507-p54qm0

    See omnystudio.com/listener for privacy information.

    • 31 min
    Live! With Ron Lesh, Lee Duffield and Nat Lennon

    Live! With Ron Lesh, Lee Duffield and Nat Lennon

    This is a live recording of our inaugural live web event. 

    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 products
    Hey 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 

    See omnystudio.com/listener for privacy information.

    • 1 hr 28 min

Customer Reviews

4.8 out of 5
45 Ratings

45 Ratings

SC hammer ,

Great Chat

Hi Guys, very much enjoy your chats and topics covered. Keep up the good work.

axonfitness ,

Undergraduate Accountant

Best advisory podcast on cryptocurrency going around! A complete guide on how to transform your firm from compliance (the dodo of the industry) before its too late!

Hoai_puma ,

Up-to-date with the industry

This is where you get commentaries and perspectives from practicing accountants of the latest accounting news and trends. The dynamic between David and Paul is simply both well-balanced, contagious and informative at the same time. I cannot recommend a better podcast for accountants.

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