We were recently contacted by an Australian accounting firm that had gone down the low cost approach of hiring an offshore employee, then letting her go after 2 years training. At the time she was considering Odyssey versus a number of other providers, the big issue in her mind was to save costs, and hire one person that could do …
Successful recipe for Smaller accounting Firms: picking resource volumes to match needs and demands
In this slightly difficult and turbulent time, it’s the smaller firms that have already utilised part time flexible resource inputs, that have managed to weather the storm slightly better. And with discussions of Zombie companies in Australia, no accounting firm owner really has a clear idea of how many of their clients are functioning viable entities, and how many will …
Why Offshoring Australian compliance is no panacea for Accounting firms with poor systems and processes
Offshoring not always profitable Offshoring work overseas (labour hire of offshore staff) frequently misses the practice efficiencies that Accounting firm owners are looking for. In the absence of having the right systems in places to take advantage of an offshore labour force, the back-office tasks performed offshore don’t necessarily have a positive effect on profitability, despite a lower labour cost. …
Coronavirus Compliance finding: Your staff can work from anywhere, will the Australian exodus commence?
Over the past several months in Australia we’ve seen several things in the Australian compliance area: Australian compliance accountants are equally able to work from home as they are in the office, with little productivity losses. If anything, the time saved in long commutes to and from work has been a blessing. During difficult times, of which we seem to …