Accountants Daily Podcast Network

In this episode of Under the Hood, journalist Carlos Tse is joined by his colleague, Malavika Santhebennur, to unpack the growing pressures facing accountants and their small-business clients. Carlos and Mal discuss the cost, complexity, and consultation concerns surrounding the proposed 30 per cent minimum tax on discretionary trusts, the broader operational challenges facing practitioners, from rising software costs and ATO correspondence, and what small business clients have been facing. Looking beyond the immediate challenges, the Accountants Daily journalists also discuss the accounting profession's talent shortage, the impact of AI, and why accountants may increasingly need to focus on strategic advice and supporting clients through periods of significant change. Tune in to hear more about: The industry's thoughts on the 30 per cent minimum trust tax. Assertive ATO correspondence and the growing compliance and regulatory landscape for the profession. The operational challenges small business clients have been facing. What accountants are bringing amid legislative and economic changes. Reflections from accounting journalists.

In this special episode of Accountants Daily Insider, produced in partnership with SavvyWise, we reflect on the current landscape for AI for tax research, the current state of affairs for practitioners on the ground, and how firms can make educated decisions about which tech platforms to onboard. Host Jerome Doraisamy welcomes back SavvyWise chief executive Drew Pflaum, CPA to discuss his headline takeaways from The Tax Institute's recently-hosted Tax Summit and how accountants are thinking about their tech usage moving forward, how we've reached the point where accountants need to figure out which tech is most fit for purpose, the latest developments in AI for tax research, the great work being done by providers across the board, the questions that firms and practitioners should ask in order to make educated decisions about AI platforms for tax research, The Tax Practitioner's Library, SavvyWise's latest and upcoming offerings, and whether the provider has further crowdfunding plans. To learn more about SavvyWise, click here.

Since she was a teenager, Heather Smith has viewed accounting as a "global language", and a vocational pathway that she could travel the world with. Here, she reflects on her experiences in different jurisdictions, what she's learned, and how other accountants can take advantage of the myriad possibilities available to those willing to be more digitally nomadic.  Host Jerome Doraisamy speaks with Heather Smith, a chartered accountant and Brisbane-based accounting technology expert, author, speaker, and community builder, about:  The need for accountants to appreciate that their vocation is a global passport. How the practice of accounting is transferable across borders.  Her experiences of living and working overseas.  Gaining a more holistic perspective on what it means to be a good practitioner in Australia.  Exposing oneself to the breadth of professional opportunities and events available overseas. The benefits that come with being a more global professional. 

MYOB's Accounting Industry Monitor findings have shown that, if accounting professionals have not already made a strategic pivot to being trusted business advisers to clients, they urgently need to get on board. In this special episode of Accountants Daily Insider, produced in partnership with MYOB, we unpack the impact of new technologies on daily operations, and how accountants need to be positioning themselves for the future.  Host Jerome Doraisamy welcomes back Liam Hindle, general manager of product at MYOB, to discuss: Why the move from transactional work to strategic advisory is accelerating. Technology as both the biggest enabler and the biggest source of friction. Why client expectations have been permanently reset toward real-time, proactive service. How talent shortages are driving investment in role design, not just recruitment. Why compliance burdens are the structural barrier holding practices back.

In this episode of Under the Hood, journalist Carlos Tse is joined by tax experts Lee-Ann Hayes and Michael Carruthers to unpack some of the most asked questions about the government's CGT changes. Exploring the practical challenges surrounding option arrangements, instalments versus earnouts, partition arrangements, and foreign income tax offsets, Lee and Michael also discuss the complexities and upcoming challenges arising from the government's latest CGT and negative gearing reforms. Tune in to hear more about: How CGT event D2 applies when options are granted, renewed, or extended. Why understanding the difference between instalment arrangements and earnouts matters for CGT. The interaction between small business CGT concessions and earnout arrangements. How unexpected CGT liabilities can arise from partitioning jointly owned properties. The interaction between foreign income tax offsets and Australia's CGT rules, and differing tax years overseas.