Accountants Daily Insider is your weekly analysis of the biggest themes shaping the Australian accounting landscape. Join the Accountants Daily team as they dive into the latest headline and developments in the industry. Get in touch with us on Twitter via @AcctsDaily and join conversations with your peers on accountantsdaily.com.au
Reshaping the regulation framework for limited advice
With ASIC exploring how access to affordable advice can be improved, including scaled or limited advice, BT head of financial literacy and advocacy Bryan Ashenden discusses what Consultation Paper 332 means for the future of advice.
Bryan talks to hosts Aaron Dunn and Miranda Brownlee about some of the challenges and barriers impeding the provision of limited advice, particularly in the SMSF context.
He also explores what a new model of advice regulation could look like and what ASIC’s role will be in regulating the industry following the wind-up of FASEA.
Will 2021 be another big year for the accounting profession?
Tax Practitioners Board member Debra Anderson joins host Jotham Lian in this first episode for 2021 to take a closer look at the year that’s been and what’s in store for the next 12 months.
Debra speaks candidly about the toll of a whirlwind 2020, how she’s been stretched ethically and morally in dealing with her clients, and why she thinks accounting practitioners will continue to be kept busy throughout the new year.
She also touches on some key changes that have been proposed by the independent review of the TPB and how they might affect practitioners in the coming months.
A taxing year: Wrapping up 2020 and looking ahead to 2021
2020 will certainly go down in the history books as one of the toughest years faced by the accounting profession. But now that the year is up, what will 2021 hold for practitioners?
In this final episode of Accountants Daily Insider for 2020, host Jotham Lian is joined by The Tax Institute’s senior advocate, Robyn Jacobson, to take stock of the incredible year that has passed, and to shine a light on what’s to come in the new year.
Robyn reviews the wide range of tax measures introduced this year, and explores a number of outstanding issues that the profession will have to contend with over the next 12 months.
She also looks at the implications of a number of completed and ongoing reviews, and explains why the profession will need to embrace tax reform in the coming year.
Revealing the true costs of SMSFs
The SMSF Association and Rice Warner have now released comprehensive research investigating the operating costs of SMSFs and how they compare with APRA-regulated funds.
SMSF Association deputy chief executive Peter Burgess explains to hosts Aaron Dunn and Miranda Brownlee what some of the key findings of the research are and what they mean for the provision of advice on SMSFs and superannuation in general.
Aaron and Miranda also discuss some of the key developments this month, including ASIC’s consultation on the impediments facing advisers providing scaled advice and the release of the Retirement Income Review.
Why we need to re-evaluate access to professional advice
A new report by CPA Australia has found that the economy could be better off by $630 billion if properly implemented professional advice was available to all Australians.
In this episode of Accountants Daily Insider, CPA Australia head of public practice and SME Keddie Waller joins host Jotham Lian to explore the new Value of Advice report and why we need to rethink the way professional advice is regulated and move towards a client-centric model.
Keddie looks at the benefits of obtaining advice, what’s holding back consumers and businesses from accessing such advice, and why we need a more accessible and affordable advice framework.
Accountants Daily 30 Under 30 Finalist Showcase- New Accountant
With the Accountants Daily 30 Under 30 Awards being delivered as a live broadcast on Thursday, 3 December at 7:30pm AEDT, we are bringing you a series of podcasts showcasing the finalists across a multitude of categories.
In this episode, Accountants Daily editor Jotham Lian is joined by Jane Betschel, head of marketing and digital sales at MYOB, principal partner of the awards, and two finalists who share how they are feeling about having gained recognition as part of the upcoming awards.