In the recent case of Tech Mahindra Limited v FCT, the Federal Court held that an Indian resident company which carried out IT services for Australian clients both from its Australian permanent establishment (PE) employees and by its Indian employees was liable to tax in Australia in respect of part of the income derived from the services provided from India. …
Should offshore workers throw away their timesheets?
In the Australia CPA September edition of the “In the Black” magazine, there is an interesting article on “Time out on billing”. Part of this article mentions of course the Value pricing that has been proposed by consultants to accounting firms for all of this current century, if not well into last century. Ron Baker, the founder of the VeraSage …
The secret cost of the $9 labour hour
Just recently we had a conversation with an Australian accountant. They’d been using a provider overseas with poor results. By way of background, this Australian accounting firm is one of the what we would term newer firms, i.e. without legacy systems and legacy employee issues. This is a Xero only firm, with a homogeneous and process driven approach, where there …
An NZ Economists view of things
We thought this week we’d strike out into some interesting territory, and Tony Alexander’s BNZ weekly overview of 25th August 2016 gives some interesting reading. With most Australians holding property or intending to invest in Australian property, the NZ outlook gives a good view of our own market. Though it should be remembered that NZ has no stamp duty for property, no …
2025 and the Future of Compliance
2025 is just around the corner, and for pretty much all of us in Australia we’ll be somehow engaged in work or play. Most of the present factors that we see in our daily news will continue to affect work, life and play. Australia will have an increasing need for infrastructure to remain competitive, there will be an ageing population …
