Single Touch Payroll (STP), is an Australian Government initiative to reduce employers' reporting burdens to…
Accounting and Financial Planning is changing. What you saw your Accountant or Financial Planner for back in the 1990s is no longer what you will see your accountant for in 2017 onwards. For example, you will see your accountant now for strategic advice and budgeting/ forecasting and more, whereas in the 90s you mainly saw your accountant to prepare and lodge your tax return.
With the ever changing environment and technology we thought we’d remind you, at Roy A. McDonald and Lindale Insurances, we are evolving too. Here is an article below from Alan Pease, who is a best selling author and body language expert and a video is attached adjacent about the technology/ environment we take for granted now, that won’t be around in the future.
Get ready to imagine a world without the post office. They are so deeply in financial trouble there is probably no way to sustain it long term. Email and courier services have just about wiped out the minimum revenue needed to keep the post office alive. Most of your mail every day is junk mail and bills.
We are already laying the groundwork to do away with cheques by 2018. It costs the financial system billions of dollars a year to process cheques. Plastic cards and online transactions will lead to the eventual demise of cheques. This will mean the death of post offices. If you never paid bills by mail and never received them by mail, the post office would go out of business.
The younger generation (called the Millennials) simply don’t read newspapers. They certainly don’t subscribe to daily delivered print editions. It will go the way of the milkman and the laundry man.
As for reading the paper online get ready to pay for it. The rise in mobile Internet devices and e-readers has caused all newspaper and magazine publishers to form an alliance.
They have met with Apple, and the major mobile phone companies to develop a model for paid subscription services.
You say you will never give up the physical book you hold in your hand. I said the same thing about downloading music from iTunes. I wanted my hard copy CD. But I quickly changed my mind when I discovered I could get albums for half the price without ever leaving home. The same thing will happen with books. You can browse a bookstore online and even read a preview chapter before you buy and the price is less than half of a real book and think of the convenience! Once you start flicking your fingers on the screen instead of the book, you find you are lost in the story, can’t wait to see what happens next, and you forget you’re holding a gadget instead of a book.
Unless you have a large family and make a lot of local calls, you don’t need it anymore. Most people keep it simply because they’ve always had it. But you are paying double charges for the extra service. All mobile phone companies will let you call customers using the same mobile provider for no charge.
This is one of the saddest parts of the change story. The music industry is dying a slow death. Not just because of illegal downloading. It’s the lack of innovative new music being given a chance to get to the people who would like to hear it. Greed and corruption is the problem. The record labels and radio conglomerates are simply self-destructing. Over 40% of the music purchased today is “catalogue items,” meaning traditional music the public is familiar with, older established artists. This is also true on the live concert circuit.
Revenues to the networks are down dramatically. People are watching TV and movies streamed from their computers and they’re playing games and doing lots of other things to take up the time usually spent watching TV. Prime time shows have degenerated down to lower than the lowest common denominator. Pay TV rates are skyrocketing and commercials run about every 4 minutes and 30 seconds. I say good riddance to most of it. It’s time for the pay TV companies to be put out of our misery. Let the people choose what they want to watch online and through Netflix.
Many of the very possessions we used to own are still in our lives, but we may not actually own them in the future. They may simply reside in “the cloud.” Today your computer has a hard drive and you store your pictures, music, movies, and documents. Your software is on a CD or DVD and you can always re-install it if need be. But all of this is changing. Apple, Microsoft, and Google are all finishing up their latest “cloud services.” It means when you turn on a computer, the Internet will be built into the operating system.
So, Windows, Google, and the Mac OS will be tied straight into the Internet. If you click an icon, it will open something in the Internet cloud. If you save something, it will be saved to the cloud. And you may pay a monthly subscription fee to the cloud provider.
In this virtual world you can access your music or your books, or your whatever from any laptop or handheld device. This is the good news. But, will you actually own any of this “stuff” or will it all be able to disappear at any moment in a big “Poof?” Will most of the things in our lives be disposable and whimsical? It makes you want to run to the closet and pull out a photo album, grab a book from the shelf, or open up a CD case and pull out the insert.
Already gone in some schools who no longer teach “Running Writing”
(also called Joint Cursive) because nearly everything is done now on computers or keyboards of some type (pun not intended).
…and finally number 10 – Privacy
If there ever was a concept we can look back on nostalgically, it would be privacy. It’s gone. It’s been gone for a long time anyway.
There are cameras on the street, in most of the buildings, and even built into your computer and cell phone. But you can be sure 24/7, “They” know who you are and where you are, right down to the GPS coordinates, and the Google Street View. The TV show “Person of Interest” isn’t as far out as you may think. If you buy something, your habit is put into a zillion profiles, and your ads will change to reflect those habits. “They” will try to get you to buy something else. Again and again.
All we will have left with and can’t be changed are “Memories”
Our goal is to help set up your finances and keep you on track to a successful financial future. We can do more than help you protect your income. We could also review what you are doing to create wealth. If you don’t have a strategy, we can assist you in setting one up. It easy to get started with us, simply contact us today or call 03 9848 5933.