120. Lazy Accountants? Real Leaders, Excels Dynamic Arrays

From The Trenches

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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

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