On this week’s episode of UTH, Ankit Sharma, partner at Pitcher Partners, jumps on to talk about the tax and practical implications associated with becoming a partner in a professional services firm. With the promotion comes great responsibility – and a “lumpy” tax bill!

Tune in to hear more about:

• What it means to be promoted to partner.
• The considerations, training and learning it takes to ‘make it’ as a partner.
• Practical and tax implications that come hand-in-hand with the role.
• What this means for superannuation.
• Sharma’s advice on how to tackle the role and promotion.

You can contact the Accountants Daily team and podcast host Imogen at imogen.wilson@momentummedia.com.au.

This week Miriam Holme and David Perrott from Fab Tax join Imogen on UTH to chat about their thoughts on GST reform, its history and if it is a framework that needs to be revised. Their take on GST might surprise you!

Tune in to hear about:

• Why GST was first introduced.
• How GST was first proposed to the Australian community and the history beforehand.
• Why GST is effective and why your clients should stop worrying about it.
• The complications surrounding GST and the valid argument for reform.
• Other taxes and topics that should be revised first.

You can contact the Accountants Daily team and podcast host Imogen at imogen.wilson@momentummedia.com.au.

This week on UTH, Alan FitzGerald, founder of Practice Connections Advisory, and Matthew Peng, managing director of Business Continuum, join Imogen to share their thoughts on the IT knowledge gap in accounting firms, why it needs crucial attention and what they’re doing to fix it. As the technology space rapidly evolves, accounting firms are being left in the dust at a time they need to pick up their game.

Tune in to hear more about:

• What the IT knowledge gap is and why it exists.
• Why accounting firms are struggling with the fast-paced evolution of technology.
• Common misconceptions about technology within firms.
• How Alan and Matt plan to help close the IT knowledge gap.
• How closing the gap would improve the broader profession.

You can contact the Accountants Daily team and podcast host Imogen at imogen.wilson@momentummedia.com.au.