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.

On this episode of Under the Hood, Cameron Anderson, general manager of XBert, jumps on to share his journey about being a chartered accountant in tech and the opportunities and benefits it has given him.

Tune in to hear more about:

• Cam’s career journey in the accounting profession and how that led him to the world of tech.
• The biggest mindset and skill shifts he made when transitioning from traditional accounting to a tech-oriented role.
• The core accounting skills most transferable to the tech industry.
• Common misconceptions about accountants in the tech industry.
• Where Cam sees the future of accounting heading with the rise of tech.

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

Hank de Jonge, executive director of de Jonge Read, joins AD Insider to bring a rare combination of technical expertise and personal experience. After losing his own business more than 20 years ago, Hank spent the last two decades helping business owners across Australia avoid the same fate. In this episode, he shares what business owners and their advisers need to know when it comes to dealing with ATO debt, and why locking into a payment plan isn’t always the best move.

Tune in to hear more about:

• How Hank’s personal experience has shaped the work he does at de Jonge Read.
• Why ATO payment plans aren’t always the best long-term solution.
• The role accountants play in de Jonge Read’s process.
• Why small business restructuring is so popular.
• Advice for accountants and advisers with clients heading down the insolvency route.

You can contact Hank and his team at de Jonge Read at their website.

This week on UTH, we are back with co-host Lee-Ann Hayes, who delves into her upcoming session at the ACE25 Accounting Conference & Expo based on the ATO’s draft compliance guideline PCG 2024/D2 and Part IVA. Lee-Ann shares what can be expected on the day and what takeaways the attendees will leave with.

Tune in to hear more about:

• The details of the ACE25 Accounting Conference & Expo.
• The history and timeline behind the ATO’s draft compliance guideline PCG 2024/D2 and Part IVA.
• Why the guidance is significant for personal services businesses.
• Part IVA and the ATO’s role.
• Where the ATO will likely be targeting its compliance resources.

Tickets for the ACE25 Accounting Conference & Expo can be purchased here.

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

Did you know that accountants have certain benefits when looking to buy property? Cullen Haynes and Andrew Johnson, directors at Accounting Home Loans, join Imogen on UTH this week to talk about the benefits and opportunities available to accountants when looking to secure a home loan.

Tune in to hear more about:

• Recent cash rate decisions and what they mean for the housing market.
• The origin story behind Accounting Home Loans.
• Why accountants can access certain home loan benefits.
• The process behind securing a home loan and how accountants can do it.
• Why accountants should leverage their home loan opportunities.

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

On this week’s episode, host Imogen dives into the trends and insights of the insolvency landscape with expert and partner at Wexted Advisors, Chris Sequeira. Australian businesses are being challenged in the current market and Chris shares his perspective on what can be expected next.

Tune in to hear more about:

• What has happened in the insolvency space over the beginning of the year and where it will likely go next.
• Notable trends and patterns.
• The ATO and its role in the insolvency landscape.
• Small business restructuring and safe harbour provisions.
• Key indicators for when a business is headed for insolvency.

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

On this episode of UTH, Imogen is joined by Kylie Denton, director of Performance Advisory Group, to chat about accidental leadership and how it can impact a firm and its employees.

Tune in to hear more about:

• What an accidental leader is and how it occurs.
• The 25 core leadership competencies.
• Advice on how accidental leaders should tackle their new position to lead effectively.
• Biggest challenges accidental leaders often face.
• Kylie’s personal and professional experience with leadership and mentorship.

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

This week on UTH, we are back with another co-hosted episode to chat through the election and what we can expect to see, or not see, within the tax landscape. Imogen and Lee-Ann provide a recap of the front-of-mind tax issues and conversations being had around them.

Tune in to hear more about:

• The election outcome and what this means for the accounting profession.
• The $1,000 standard tax deduction.
• Division 296 and payday super.
• Division 7A and the Bendel case.

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