Power Tynan has taken out two of Australia’s most coveted SMSF awards.   

The firm won both Community Engagement Program of the Year and Small Business Adviser of the Year, while team members Gilda Brisotto and Kymberlee Naumann were named as finalists in the SMSF Professional of the Year (Regional) category.

The SMSF and Accounting Awards is a new initiative which has been launched in partnership with Super Concepts to recognise individuals and businesses that are making their mark in SMSF and accounting advice by championing professionalism, quality advice and innovation.

Power Tynan Executive Director Brad Hancock said the firm were humbled by the wins.

“These awards would not have been possible without our incredible team” said Brad.

“Being recognised for our contribution to the industry also reinforces the strength of our brand in connecting with our clients and our community,” he added.

The winners were announced at a gala dinner at Brisbane Convention and Exhibition Centre on Thursday 26th October.

“Congratulations also to all the finalists, who came up against incredibly tough competition to secure a spot amongst the best in their locale,” said Terry Braithwaite, head of partnerships for SMSF Adviser.

“You are setting benchmarks for professionalism and quality which are helping your clients prepare for retirement, and protect and manage their hard-earned savings.”

Power Tynan has been recognised at the 2017 AccountantsDaily Australian Accounting Awards.

Power Tynan was awarded Graduate Program of the Yearfor the second year in a row, acknowledging the firm’s scholarship program run in conjunction with the University of Southern Queensland (USQ). Based on graduate development initiatives, this award considers how the firm develops and retains quality staff through a structured development program.

“The Power Tynan Scholarship Program offers final year high school graduates the opportunity to study a business or commerce degree part-time at USQ while working for our company on a full time basis. We offer between one and four scholarships each year, and have done so for the last ten years,” said CEO Paul Hilton.

“We are extremely proud of this program. In regional areas such as Toowoomba and Stanthorpe, it can be difficult to entice the younger generation to stay in town after graduating from high school; however we have retained all scholarship recipients upon graduating and, due to this program, are a significant employer within our district.”

Zac Bichel is currently completing his final year of study via the University of Southern Queensland while working full time with Power Tynan, after being named as a scholarship recipient in 2013.

“Working in the industry has obviously helped in my studies but has also shown me the importance of practical knowledge”, said Zac. “I have gained a wide range of experience from my time at Power Tynan, moving from tax to superannuation and now to financial planning.”

Power Tynan were named as a finalist in three categories at the Australian Accounting Awards, being Graduate Program of the Year, Community Engagement Program of the Year and Young Accountant of the Year (Peter Rowe).

Members of the Power Tynan team attended the five-star gala dinner at The Sofitel Sydney Wentworth, where the winners of the fourth annual Australian Accounting Awards were announced to a crowd of 500 people.

Are we equipping the next generation of accountants to thrive over the next 20 to 30 years? I fear not.

The future of our profession depends on the young people coming into accounting and developing their skills and capabilities both to be able to operate in our current work environment and to be able to adapt to change.

Some of the young people starting work in your firm over the next 12 months will be taking your place around the boardroom table in 10 or 15 years. What are you doing to equip them for that leadership responsibility?

Our universities have developed courses to train young people as accountants, yet are they simply turning out number crunchers because that is what gets a person employed in an accounting firm?

Do universities teach leadership skills in their accounting courses? Of course not. But that is not their fault. They are training young people for what they understand the profession requires.

Our profession continues a discussion about the enviroment in which we work. Understanding and being able to interpret the ever-changing tax laws is a key part of an accountant's capability, yet I do not believe it is anywhere near enough. We no longer simply provide our clients with advice about how best to manage their tax obligations. We are more involved in their business and financial decisions, and those conversations require a new set of skills.

A recent report by Deloitte Access Economics entitled "Soft skills for business success" forecast that soft skill-intensive occupations will account for two-thirds of all jobs by 2030, compared to half of all jobs in 2000. The good news for those of us who want our profession to grow is that accounting falls into that category. The number of jobs in soft-skill intensive occupations is expected to grow at 2.5 times faster than jobs in other occupations.

So what are soft skills? Simply, they are vital intangibles. To quote Deloitte Access Economics Report: "Soft skills are also referred to as employability skills, enterprise skills and they are transferable between industries and occupations. They include things like communication, teamwork, and problem solving, as well as emotional judgement, professional ethics and global citizenship."

Accounting is a rapidly increasingly "soft skill" profession. And that is not tax law.

So how much responsibility are firms taking in recruiting and training young people for our fast-changing profession? How much are we communicating with the universities about change? Not enough, from my observation.

But we cannot rely on universities alone. As accountants and leaders in our profession, we must take responsibility for the next generations.

But do we understand the skills that will be necessary for this new generation to be successful?

We will always need formal qualifications and technical skills, but they are only part of the skill mix needed for the future. Soft skills and personal attributes are just as important.

The World Economic Forum has identified 10 of the 16 "crucial proficiencies in the 21st century" as non-technical.

According to a report by the Commonwealth Department of Employment in 2016, a quarter of employers report having difficulty filling entry-level vacancies because applicants lack "employability" skills.

The Deloitte Access Economics Report found that the difference between demand and supply is "as large as 45 percentage points for communication skills alone" and, "despite the value that businesses place on soft skills, data from LinkedIn profiles reveals that less that one per cent of Australians report having any soft skills on their profiles."

The report suggests that, far from not having these skills, people under-report soft skills perhaps because we are uncomfortable with claiming skills without formal credentials or because we underestimate the relative importance of soft skills.

Young accountants need to embrace their profession, to learn and become the leaders of the future.

But simply throwing dollars at the issue won't create great leaders in the profession. That will come from the way that we as current owners and leaders interact with team members and clients so that younger members can see us leading by example.

It is the responsibility of the current leadership in the accounting profession to prepare the next generation and also to educate our clients about our changing role and capabilities.

Many terminally ill patients wish to spend their final stages of life in the company of family and friends, making the most of the time they have left. Being confined to a hospital bed can make this difficult, whereas a relaxed, more private environment allows quality time together.

To make this a possibility, the Stanthorpe Hospital Palliative Care Unit is working with the community to bring palliative care to people in their own homes.

 

To assist with this community initiative, the Power Tynan Charitable Trust recently presented Dr Dan Halliday and Jan Faulconbridge with a $1,500 cheque.

 

“For a small town like Stanthorpe, we are really lucky to have such fantastic facilities and staff available at the hospital” said Dr Halliday. “We are continuously working with the community to make it even bigger and brighter.”

 

The Power Tynan Charitable Trust has donated over $130,000 to regional charities since its inception in 2010, and is open to the firm's staff, clients and all members of the public to contribute funds.

 

Executive Director Gilda Brisotto said staff at the firm vote to determine which charities the Trust will support each quarter.

 

"Many of our staff have known someone who has been cared for in the Palliative Care Unit, and were very passionate about supporting this cause,” she said.

 

Power Tynan has been nationally recognised at the 2015 Australian Accounting Awards, held in Sydney at the end of October.

Amanda Kenafake was awarded Executive of the Year as well as the AccountantsDaily Excellence Award, while Lauren Guymer was named Office Administrator of the Year.

Power Tynan were named as a finalist in five categories, being Graduate Program of the Year, Accounting Student of the Year (Ben Tansky), Executive of the Year (Amanda Kenafake), Office Administrator of the Year (Lauren Guymer) and Thought Leader of the Year (Paul Hilton).

“The AccountantsDaily Excellence Award recognises the top performer out of all of the category winners, so for Amanda to win this award shows we are achieving results in line with firms in Sydney, Melbourne and Brisbane. This is testament to the way we approach our challenging environment in relation to the services we are providing,” said CEO Paul Hilton.

“To be named as a finalist and win these awards against the likes of KPMG, PWC, Ernst & Young, Grant Thornton, Pitcher Partners and RSM Bird Cameron is a fantastic achievement for a regional firm.”

Members of the Power Tynan team attended the five-star gala dinner held in Sydney, where the winners for each category were announced in front of 350 guests.

The Australian Accounting Awards are in their second year, with Power Tynan winning two awards in 2014. These national awards recognise excellence across the entire accounting industry, promoted by the AccountantsDaily online newsletter and international software company Reckon.

 

It is with great excitement that Power Tynan can announce the appointment of Gilda Brisotto, Sharon Baldwin, Brad Hancock and Dan Beck as Directors and equity owners, effective 1st October 2015.

Gilda has been with Power Tynan for over 20 years, starting out as a receptionist while studying accounting part time. After graduating from university, and completing her CPA membership in 2004, she became an equity owner in 2008 and has been managing the Stanthorpe office for the past seven years. Gilda has a diverse client base including agricultural, retail and construction, and has a particular interest in property development and real estate.

Sharon commenced working with Power Tynan as an undergraduate accountant in 2001. From here, she has progressed to managing the Toowoomba accounting division for the past two years. Sharon has a strong client base, some of which she was worked with for up to 14 years, and enjoys watching them grow and prosper.

Brad joined the Power Tynan team in 2005 and has quickly progressed through the ranks to become the youngest director of Power Tynan at 29 years of age. His drive to improve manifests itself in his work and a real passion to see his clients succeed. Brad works with clients across a vast array of industries from retail, hospitality, professional services and agriculture. His ‘no holds barred’ approach is a true asset to Power Tynan.  

Dan commenced with Power Tynan in 2014 as Practice Manager and ‘Chief Geek’, overseeing our internal finance, HR, IT and practice management systems. Prior to joining Power Tynan, Dan worked in other professional services firms within the accounting and engineering industries, and brings with him project and general management skills.

Existing Directors Paul Hilton and Amanda Kenafake welcome Gilda, Sharon, Brad and Dan as fellow Directors, and are excited with the continued growth of the business.

Please join with us in congratulating Gilda, Sharon, Brad and Dan on their recent appointment.

Power Tynan would also like to thank all clients and strategic partners for their ongoing support, and we look forward to building our relationships with you.

 


 


 


 


 


For many of us, the ability and opportunity to socialise with our friends is a given, and can sometimes be taken for granted. Unfortunately, there are people within our community who struggle to interact with others, going unnoticed about their day to day lives.

For these individuals, Rosie’s Toowoomba provides unconditional acceptance and friendship via their Street Outreach programs, which run three times a week throughout the city.

 

To assist with this invaluable initiative, the Power Tynan Charitable Trust recently presented Jon Martlew from Rosie’s Toowoomba with a $1,500 cheque.

 

"Our work is mostly funded by donations such as this from the local community, so we really appreciate the support,” said Jon. “Regardless of the weather, our team are there to provide friendship and encouragement, as well as a cuppa and a bite to eat.”

 

The funds donated by the Trust will be used to not only operate the Street Outreach programs, but also to provide backpack beds to those in need.

 

Many of the people we see at our Street Outreaches are homeless or at risk of homelessness, so we also have backpack beds available’ said Jon. “Not only are these easy for the individual to pack up and transport when they are moved along, they are also insulated and fire retardant.”

 

The Power Tynan Charitable Trust has donated over $130,000 to regional charities since its inception in 2010, and is open to the firm's staff, clients and all members of the public to contribute funds.

 

Executive Director Amanda Kenafake said staff at the firm vote to determine which charities the Trust will support each quarter.

 

"Many of our staff have seen the Rosie’s Street Outreach team in action within our community, and feel it is a fantastic cause to support,” she said. “We are also looking forward to volunteering at these Street Outreach programs in the future.”

 

Rosie’s Toowoomba run their Street Outreach programs three times a week – Wednesdays at Harlaxton Park (5pm – 7pm), Fridays at the corner of Ruthven Street and Chalk Drive (5pm – 7pm) and Sundays at Clewley Park on Water Street (10:30am – 12:30pm). For more information, visit www.rosies.org.au.

In recent weeks, temperatures across the Darling Downs have plummeted, with certain regions even experiencing snow!

Imagine trying to survive this weather without a roof over your head, or with limited access to warm food and clothing. Sadly, this is the harsh reality for many people living within Toowoomba.

When Power Tynan heard of the Base Services’ Homeless for a Week Appeal, it was the perfect opportunity to help those in need. To kick off this campaign, the Power Tynan Charitable Trust recently presented Tiffany Spary from Base Services with a $2,500 cheque.

"We really appreciate this generous donation" said Tiffany. "It will greatly assist us to provide those in need with not only a meal, but access to outreach support services such as the Department of Human Services, Oz Care Health Clinic and a Legal Clinic.”

The funds donated by the Trust will be used to operate the Basement Soup Kitchen.

"We see 30 to 40 people most days, including men and women, individuals and families of all ages who are homeless or at high risk of homelessness" said Tiffany.

"The Soup Kitchen is vital for those doing it tough in Toowoomba, as it is often the only meal that person will eat for the day and the only place where they are able to feel accepted and have a chat.”

The Power Tynan Charitable Trust has donated more than $100,000 to regional charities over the past four years, and is open to the firm's staff, clients and all members of the public to contribute funds.

Paul Best, a member of the Power Tynan Charitable Trust committee, said staff at the firm vote to select the charities the Trust will support.

"When our staff heard that the Soup Kitchen was losing its major funding, there was overwhelming support for the campaign,” he said. “We are also looking forward to volunteering at the Soup Kitchen in the upcoming weeks.”

The Homeless for a Week Appeal is running in conjunction with National Homeless Prevention Week between 3rd and 9th August 2015. To donate, please visit www.homelessforaweek.com.au.

 


Paul Best from Power Tynan presents Tiffany Spary from The Basement Soup Kitchen with a cheque for $2,500

Monday, June 1, 2015

Nixie is a cute four-month-old puppy that most families would love. Sadly, she is one of about 1,500 animals that the RSPCA in Toowoomba needs to find new homes for every year.
 
A female bull arab cross, Nixie melted the hearts of staff at Power Tynan last week when she and the RSPCA's Business Partnerships Manager, Zoe Black, arrived to accept a $2,500 cheque from the Power Tynan Charitable Trust.

Read more: Nixie touches number-crunchers' hearts

Friday, February 20, 2015

Toowoomba's leading accounting and financial services firm, Power Tynan, celebrated the new year in style with a party this week.

About 100 staff, clients and friends mingled, chatted and enjoyed a variety of refreshments and tasty morsels at the firm's office in the city.

Read more: Celebrating the new year