A friend shared me a youtube clip about Steve Vai's struggle with depression and how he managed to overcome it. Then this question came to my mind, 'Can we really call ourselves free if we're stuck in a mindset we didn't create? Mindset that we just continue to have never questioning why.' Since then I watched it almost everyday. I watched about four or five videos of inspiration everyday to condition my mind for the day, and Steve Vai's became one of them. Now, what does it have to do with accounting? I'm currently working on a few projects and one of them is a book for small businesses so they can do their own BAS easily without having to pay someone a fortune to do it. I can see that this trend is fast increasing because online accounting enabled any business owner to link transactions and create easily uploadable files to the accounting system. It has never been easy like this before. And I think many business owners still prefer to get someone to do it for them because of this perception that tax and accounting are difficult. That perception or mindset is no longer valid. Thanks to the internet and Google. There are a lot professionals who are passionate to share their thoughts and knowledge online and all you have to do is google them. Government websites, banks and other institutions are also being updated to align with social media. A couple of months ago, I gave up ringing my bank because they didn't ring me back when I first left a message. Then after a day or two I tweeted them. I received a response straight away. It's amazing. I will not be ringing the 1300 number again. Unless you have a complex structure set up for various businesses and investments when you may need a professional, you can go straight to the government agency like the ATO, FairWork, the bank or any other institution without the need of middleman. And a BAS or tax agent is a middleman. Remember they are only agents. Dismiss the idea that they are always the first person we go to when we have questions on BAS or tax. Go straight to the source - ATO, FairWork, or Family Assistance Office, etc. It will save you a fortune too. Here is the video about Steve Vai that I was talking about: Comments are closed.
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TipDon't waste another dollar on your accountant for information that is available online Archives
January 2016
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