Under the Hood: Accounting in the news

In this episode of Under the Hood, journalist Carlos Tse is joined by his colleague, Malavika Santhebennur, to unpack the growing pressures facing accountants and their small-business clients.

Carlos and Mal discuss the cost, complexity, and consultation concerns surrounding the proposed 30 per cent minimum tax on discretionary trusts, the broader operational challenges facing practitioners, from rising software costs and ATO correspondence, and what small business clients have been facing.

Looking beyond the immediate challenges, the Accountants Daily journalists also discuss the accounting profession's talent shortage, the impact of AI, and why accountants may increasingly need to focus on strategic advice and supporting clients through periods of significant change.

Tune in to hear more about:

• The industry's thoughts on the 30 per cent minimum trust tax.
• Assertive ATO correspondence and the growing compliance and regulatory landscape for the profession.
• The operational challenges small business clients have been facing.
• What accountants are bringing amid legislative and economic changes.
• Reflections from accounting journalists.