Odyssey Outsourcing specialists have been providing Australian Outsourced accounting, bookkeeping and tax services since 2006. As you’d expect, over the past 15 years we’ve seen a lot of water under the bridge. Mobile phones have arrived, the internet speeds and reliability have increased, and the cloud is now a part of many Australian accountants lives. The cloud affects not only …
Odyssey’s Australian tax outsourcing – 15 years, and the change continues
As we come up to our 15th year in providing Australian tax, accounting and bookkeeping services to Australian clients, we thought we’d grab a photo of one of the awards nominations we had from back in 2007, when outsourcing was very new, and regarded as a business innovation. One thing is for sure, what is new and exciting one year, …
Accounting firms: How to effectively Outsource your SMSF work
Need to know the who, what, when, where and why of outsourcing your compliance work. But first, here’s the maths behind the argument that full time SMSF compliance workers don’t work, either locally or foreign hired. Australian accounting firm owners know that tax returns arrive in individual jobs, and at the same time the resources needed to be hired to …
Why the hourly partner recovery rate isn’t making any sense
I see a lot of coaches for Australian accounting business owners, and they’re comparing stats amongst firms with various partner levels and employee levels, and they invariably have some maths that leaves me scratching my head. For instance, take the total revenue and divide that by the number of chargeable partner hours per partner, in order to get an actual …
Issues to Consider in Backsourcing Services
Earlier in this series, we discussed the options available to the client when an outsourcing project is done. Among those, transition the service back in-house poses as a challenge due to the lack of capacity and expertise of the in-house staff who may have not performed the service for quite a bit chunk of time. You should review and follow …