How to Export Knowledge for Mutual Benefit
WMS has been spreading its consulting wings further into Asia by jointly running a series of GST seminars in Malaysia ahead of the introduction of the consumption tax from 1 April 2015. The opportunity emerged during the TIAG (The International Accounting Group Alliance) Asian conference last year and has been undertaken with the assistance of fellow TIAG firm ACT Partners based in Kuala Lumpur.
WMS has been the Queensland representative of TIAG since 2012 and has access to 115 member firms across 65 countries. “In this age of globalisation, we see this alliance as a critical part of our client service offering” says Partner, Aaron Lavell. WMS assisted ACT Partners via weekly Skype training sessions for a period of 3 months leading into the seminar series. The participants were located in Kuala Lumpur, Ipoh and Melbourne with the tyranny of distance overcome by ‘screen share’ and other functionality. This enabled practical examples to be discussed in detail and understood by all.
The recent Malaysian trip culminated in a presentation to the Malaysian Institute of Accountants National GST Symposium which was sold out with 250 attendees largely representing corporate CFOs and members in practice. (Click here to view) The format was quite unique in that during Mr Lavell’s presentation, members of the audience would post questions via a mobile phone application and other audience members would vote on the questions to be posed at the end of the formal speech. 20 minutes was then dedicated to the Q&A session and there was certainly no where to hide from the moderator’s questions.
“I was fortunate that I presented early in the day, straight after the head of Customs and most of my questions were based on the Australian transitional period and practical experiences. When we introduced GST into our practice, we initially studied the New Zealand legislation and then brought a South African accountant into our team to share experiences. Fast forward 15 years and we are working with Malaysians in the same role. Who would have thought GST would bring the world closer”
Our travel costs were partly subsidised by the Gold Coast City Council as part of an export assistance program. We encourage clients to talk to us about opportunities to access government assistance available at all tiers.
At WMS, we are large enough to be meaningful yet small enough to care. To see how we can assist you, please do not hesitate to get in touch.