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.

Peter de Cure, chair of the Tax Practitioners Board, is this week’s guest on UTH. Delving into the requirements and obligations of the newly enforced Professional Code of Conduct changes, de Cure shares what he has been seeing, as well as what practitioners can and can’t expect.

Tune in to hear more about:

• The changes to the code, what they mean and how they will impact the profession.
• What the TPB expects from small and large firms.
• Breach reporting and whistleblower protections.
• What this process has been like for the TPB.
• What de Cure expects to happen from here.

Should you opt out of small business depreciation rules?

This week on UTH, host Imogen is joined by Skye Francis, founder and director of 2PR, to chat about small business depreciation rules, how they apply and common misconceptions surrounding them. Skye personally chooses to opt out of these rules for the running of her business – tune in to find out why.

Imogen and Skye also cover:

• What the small business depreciation rules are and how they apply.
• Instant asset write-off and the small business depreciation pool v. section 40.
• How Skye feels personally and professionally about the instant-asset write off.
• Common traps and misconceptions associated with the rules.
• Advice for small business owners when looking to adopt/forego the rules.

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