2. Death of Accountants Exemption | Economic Own Goals | Xero's state of the union

From The Trenches

This show was recorded in mid February but thanks to Dave being busy getting the ChangeGPS new TaxPlan Advanced product ready we had a delay getting it out. Oh how we long for the days 6 years ago when we'd record and publish in a 2 minute workflow.

Before we begin.....To The Xero's...https://www.linkedin.com/feed/update/urn:li:activity:7039489285565161472/

Best

A very simple explanation about why we don’t know what to do in the current Australian Economy

Australians head for their first endogenous shock in 30 years - MacroBusiness

Tips for Xero Roadshow for exhibitors and why we need an active ecosystem

Xero Roadshow Playbook | App Partner Edition (letsjourney.com.au)

Worst

Dext are determined to reinvent an accounting role Pre-Accounting: Why Small Businesses Can’t Ignore It - Dext Blog

Death of the Accountants Exemption Michelle Levy advice review: Labor to ‘stress-test’ plan to overhaul financial advice (afr.com)

Xero State of the Union Report Take Aways

Dave

• Surprised how popular mergers are in shifts in practice structure is
• 40% of practices offer employee benefits 40% dev and training, 33% track employee wellbeing, if you aren't happy leave….we don’t need to constantly berate the business model of accounting firms, enough firms are progressive to give staff choice and it's the laggards loss.
• Only 19% are home office only, that convo is dead, move on

Paul

• Bookkeepers don’t equal accountants in any sense of practice but the report, like so many other strip both of their individual identities and can get the conclusion wrong
• More services doesn’t mean more service
• Surveys are always an issue

Dave's not so new Trench

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