Podcasts about tax agents

Item 17 makes it very easy for legislators to quickly add new rules to the Professional Code for Tax Agents through a Ministerial Determination.

In this episode, Andrew Henshaw will walk you through the changes to the TASA 2009 and discuss the new Dob-In Rules for tax agents with you.

A new MP3 sermon from Covenant Presbyterian Church is now available on SermonAudio with the following details: Title: 627: Tax Agents and Pharisees Subtitle: Logan's Devotions Speaker: Logan Hagoort Broadcaster: Covenant Presbyterian Church Event: Devotional Date: 5/24/2024 Bible: Luke 18:9-14 Length: 9 min.

In episode 2, Entrepreneur Karan Anand shares his journey as managing director of the fintech company Hnry, focusing on its mission to simplify tax and financial management for self-employed individuals. From customer engagement to company growth, and work-life balance to stress management, Karan delves into the challenges of managing a growing company as it strives to balance purpose and profitability.

What do the latest indicators tell us about the state of the labour market? How we embrace the online world in almost everything- except lodging our tax returns. Why aren't economists more highly regarded?

The ATO's frosty relationship with the tax profession has been well documented in recent years, but change is underway as the Tax Office commits to support and engage more closely with practitioners. ATO assistant commissioner Sylvia Gallagher joins Accountants Daily editor Jotham Lian in a frank discussion about recent friction between the ATO and the tax profession and how it was never meant to be an “us versus them” situation. Sylvia also explores the variety of ATO support available to practitioners suffering from increased workloads brought on by the pandemic, and explains how her team will strive to find a solution for struggling practitioners as long as they reach out for help. She also touches on some upcoming items on the ATO's agenda, including Single Touch Payroll Phase 2, and the new director identification number regime.

Do you feel like there just aren't enough hours in the day? Author, speaker and time management consultant Robyn Pearce discusses how we can be more effective, productive and happier in our work day.

Managing director of digital marketing agency Kim Voon shares his tips on the best online marketing tactics for tax agents. On the Internet, everybody's got their hand up, everybody looks the same – how do you get potential clients to choose you?

Leading a professional practice with all its human nuances and social dynamics can be challenging at the best of times. We talk to one of New Zealand's foremost business speakers and the author of Pressing the Right Buttons (people skills for business success) on workplace relationships and how to lead and manage some of the more challenging personalities in your business.

The requirement for tax agents and accountants to demonstrate professionalism and a duty of care towards clients sometimes makes for a less than comfortable relationship with the need to sell if you want to grow your professional practice. We talk sales and the professional firm with Viv Brownrigg, Co-founder & Director of Marketing & Strategic Partnerships – The Gap Portal.

The right branding and design are essential when it comes to establishing credibility and authority in your market – but just how can it help you differentiate your business from the competition and make you more appealing to prospective clients? We speak to Richard Wheatley, branding specialist and art director at Brand Counsel about branding for professional practice.

FOLLOW Series Week 3 | Jarrod Risson

Sylvia Gallagher is an Assistant Commissioner at the ATO with responsibility for Tax Time support services for individual taxpayers as well as the Tax Practitioner Lodgment Program and agent support services. She speaks with Tax Wrap about the challenges of the 2020 year, and the ongoing support practitioners can rely on.

In episode 38, you will hear Part 2 of Sam’s brilliant conversation with Robyn Jacobson, the Senior Advocate of The Tax Institute. She is well known in tax training circles, having been a professional tax trainer for 23 years and a regular conference and webinar presenter. With nearly three decades in the profession, Robyn’s public practice background preceded her training roles with Webb Martin, her own business, Cyntax, and TaxBanter.Robyn is a Chartered Tax Adviser of The Tax Institute, a Fellow of both CA ANZ and CPA Australia, and a Registered Tax Agent. Based in Melbourne, she is involved in a number of Tax Institute committees and is the immediate past Chair of CPA Australia’s Victorian Public Practice Committee. Robyn regularly consults with The Treasury, the ATO and the professional bodies on technical issues including as a member of the ATO’s Tax Practitioner Stewardship Group.Robyn is an avid advocate, social media commentator, columnist, blogger and podcaster and is regularly quoted in the media. Robyn was recognised in the Women In Finance Awards 2019 as the Winner of Thought Leader of the Year and was named in the global Top 50 Women in Accounting 2019. She was recently recognised in the Australian Accounting Awards 2020 as the Winner of both Thought Leader of the Year and the Accountants Daily Excellence Award.In case you missed the first half of this conversation, go back and listen to Episode 37. This episode picks up where that one left off: Sam and Robyn continue their discussion of the key skills for accountants of the future, including in the areas of mental health, communication and social media.Plus Robyn gives us her top three predictions for the major challenges facing our industry and the opportunities that are inherent in those challenges, if we are prepared.Connect with Robyn via The Tax InstituteHere at BlueprintHQ, we are here to help. We are super passionate about the accounting industry and supporting you with what you need. Connect with me sam@blueprinthq.com.auWe are offering 20 minute reach out calls to help support you during this time. Go to blueprinthq.com.auThis episode is brought to you by Blueprint Renovate Program, the program designed to create space in your firm to cultivate mindset change through what you do everyday. Visit blueprinthq.com.au/contact to start the conversation.

In episode 37, you will hear Part 1 of Sam’s brilliant conversation with Robyn Jacobson, the Senior Advocate of The Tax Institute. She is well known in tax training circles, having been a professional tax trainer for 23 years and a regular conference and webinar presenter. With nearly three decades in the profession, Robyn’s public practice background preceded her training roles with Webb Martin, her own business, Cyntax, and TaxBanter.Robyn is a Chartered Tax Adviser of The Tax Institute, a Fellow of both CA ANZ and CPA Australia, and a Registered Tax Agent. Based in Melbourne, she is involved in a number of Tax Institute committees and is the immediate past Chair of CPA Australia’s Victorian Public Practice Committee. Robyn regularly consults with The Treasury, the ATO and the professional bodies on technical issues including as a member of the ATO’s Tax Practitioner Stewardship Group.Robyn is an avid advocate, social media commentator, columnist, blogger and podcaster and is regularly quoted in the media. Robyn was recognised in the Women In Finance Awards 2019 as the Winner of Thought Leader of the Year and was named in the global Top 50 Women in Accounting 2019. She was recently recognised in the Australian Accounting Awards 2020 as the Winner of both Thought Leader of the Year and the Accountants Daily Excellence Award.In this episode Sam and Robyn chat about their mutual passion for the accounting industry, the important role tax agents play in our world generally and why they have absolutely been the unsung heroes of this pandemic. Plus Robyn shares not only some really amazing stats about the role of accountants in our society, but also the best analogy Sam’s heard about Job Keeper.Make sure you hit subscribe in your podcast app so that next week's episode, will download automatically and you won't miss out on Part 2 of this great conversation with Robyn.Connect with Robyn via The Tax InstituteHere at BlueprintHQ, we are here to help. We are super passionate about the accounting industry and supporting you with what you need. Connect with me sam@blueprinthq.com.auWe are offering 20 minute reach out calls to help support you during this time. Go to blueprinthq.com.auThis episode is brought to you by Blueprint Renovate Program, the program designed to create space in your firm to cultivate mindset change through what you do everyday. Visit blueprinthq.com.au/contact to start the conversation.

Tune into our latest Tax inVoice episode to hear Andrew Orme, Deputy Chief Tax Counsel speak with Elissa Keen from the Australian Competition and Consumer Commission about our public advice and guidance system. Andrew and Elissa's discussion provides valuable insight into how: ■ PAG products are tailored so you or your clients can provide guidance on contestable issues and where interpretation of the law may be unclear ■ artificial intelligence and automation may help shape the future of public advice ■ your feedback helps us decide our focus when developing these products ■ the consultation process works and how you can get involved.

Different professionals are able to give advice about a specific field – but who’s taking responsibility for looking at the big picture? How do you know if opportunities are slipping between the gaps? What if you have an issue/problem/question that bleeds over a few different fields?Firstly, it is important to understand the what different professionals can and cannot talk about (by law).Mortgage adviceTo give advice about a mortgage, borrowing capacity, interest rates, products and so on the professional must hold an Australian Credit License (or be an authorised representative of an ACL holder). You can search ASIC’s register of credit representatives here.Tax adviceAnyone that provides tax agent services (tax advice, lodge tax returns, etc.) for a fee must be registered with the Tax Practitioners Board. You might find that some well-meaning professionals (such as mortgage brokers or buyer’s agents) offer you tax advice or express an opinion about how an item should be treated for taxation purposes, but you should always confirm this advice with a Registered Tax Agent. You can search the Tax Agents register here.Financial adviceTo be able to provide financial advice, you must hold an Australia Financial Services License (AFSL) or be an authorised representative of a holder. Financial advice includes cash flow management/budgeting, investing in shares, superannuation, retirement planning, estate planning, risk management and so on. I have written previously about the importance of selecting a truly independent advisor. You can search the AFSL register here.Property adviceA person cannot recommend and help you purchase a property unless they are a licensed real estate agent. Licensing is State based and this page provides a good summary including links to registers. General property investment advice is completely unregulated and I have written about why this is a problem in The Australian here. Therefore, if you are paying for property advice, be very careful.Insurance adviceMany financial advisors also provide insurance advice. However, sometimes professionals are insurance advisors only i.e. they have a limited AFSL.What can and cannot be covered…Therefore, mortgage brokers can only give advice about credit (mortgage) products, not cash flow or taxation matters.Tax agents can only give you tax advice and cannot comment on cash flow, investments, mortgages, superannuation and so on.A financial planner can't talk about tax consequences or give you borrowing advice unless they hold the appropriate licenses.The problem is many financial decisions are interrelatedMany financial decisions cross over multiple fields and require input from various professionals to ensure you arrive at a thoroughly well-considered conclusion. Take the decision to upgrade or downsize your family home for instance. Whether to do this and at what budget would include borrowing considerations (mortgage broker), cash flow and retirement planning (financial advisor) and possibly taxation (tax agent).Some decisions are relatively simple and only need brief input. However, more complex issues can result in a lot of back-and-forth between the different advisors before an optimal solution is found. The risk in this situation is that its open to miscommunication, misunderstandings and/or omissions.Who’s responsibility is it?Who’s responsibility is it to ensure all your advisors are engaged in dealing with your financial matters when appropriate? There are three possible solutions:1. You need to take responsibility for this. This means its your responsibility to ensure you communicate with each individual advisor and ensure any plans and advice is shared amongst them. My key bit of advice is that there is no downside to oversharing. That is, be careful to assume that a bit of information isn’t relevant because you don’t know what you don’t know. Share everything and let your advisors decide what is relevant or not.2. Engage a holistic independent firm. The firm should be independent and hold all three key licenses (AFSL, ACL and Tax Agency). Secondly, the firm must have a good collaboration culture – so they are sharing information about clients amongst themselves – rather than working is silos. I know that this is easier said than done as a lot of effort in our business goes into ensuring we are effective sharing information between ourselves.3. Engage a group of firms that have a deep relationship with each-other. If you deal with independent businesses that know and respect each-other there is a greater chance that they will pick up the phone and share ideas/solutions about your financial situation. You will still need to facilitate and encourage the communication, but it will be easier.There are non-advice benefits tooIf we have set up insurances for a client, then our tax accountants know to ensure they claim a tax deduction for their income protection premium. Similarly, if we have set up a client’s loan structure, we will ensure those interest deductions are correctly reflected in our client’s tax returns. When the right hand knows what the left hand is doing, nothing gets missed. Its our responsibility to ensure we pick these things up, not yours.Holistic might not suit everyoneThe key point I want to get across is that many financial decisions require a multi-disciplinary approach which means you must ensure all your advisors are included in the conversation. Most people don’t have the knowledge and experience to identify what information is relevant to each advisor. Any omissions or miscommunication can cause expensive and sometimes irrevocable mistakes or missed opportunities. If you acknowledge this fact, then you must select one of the three solutions above.Ultimately, the more eyes you have looking over your financial circumstances, the greater the chance of you maximising your opportunities. Over the past 17 years of operating a multi-disciplinary, holistic financial services business, I observe this benefit on almost a daily basis.

Paul sat down with ATO Assistant Commissioner, Andrew Watson, to chat about how the upcoming tech changes are the changing the way tax agents work.  The last year has been huge, with transitioning Tax Agents from ELS to PLS, as well as the Agent Portals to the new Online Services for Agents. We look at what's changing, some exciting new features and some practical tips for agents.  Following recording the podcast, all tax and BAS agents have since been provided with access to the ATO’s Online services for agents. More information, including about user support tools, is available atato.gov.au/onlineservicesforagents

In this episode of Tax Yak, host Robyn Jacobson yaks with TaxBanter Director Neil Jones about the current superannuation landscape. They discuss the environment post the 1 July 2017 reforms, unenacted legislative changes, proposed new policies and the future of superannuation. Host: Robyn Jacobson Guest: Neil Jones Recorded: 19 October 2018

There’s been a lot of talk lately about the ATO focusing on work-related expenses, what people are claiming and whether many claims are legitimate. In this episode, Assistant Commissioner Adam Kendrick talks to Anthony Keane, personal finance writer at NewsCorp about what raises a ‘red flag’ in our systems, what will happen if your return comes under our scrutiny this year, and how to get your claims right.