44. Live! With Ron Lesh, Lee Duffield and Nat Lennon

From The Trenches

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5y ago 1:28:46

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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

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