The coronavirus pandemic continues to impact Australian accounting firms at several levels including technology adaptation, staffing issues, customer issues, online training, and scammers adopting to a new scams in a Covid reduced travel world. Working from anywhere has opened up Australian accounting outsourcing to overseas destinations, making this more relevant than ever before! If your firm is using work from …
Australian 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 …
Australian jobs being rationalised by the big corporates: Is this Market efficiency in action?
A lot of airlines can’t be really said to be in the airline business at the moment, and they are certainly rationalising their workforce to get through these troubled times. Recently one of the major Australian airlines made the news as they axed another 2,400 jobs by outsourcing all of its ground handling work at Australian airports. The airline in …
Roadmap for end of compliance: First the BAS, then SMSF, then the remaining tax returns
Bookkeeping BAS’s fully automated A couple of years ago we forecast that bookkeepers and other BAS related compliance areas would be impacted by the automation in bookkeeping, and that in our opinion there would shortly be a BAS button that the SME owner could press to lodge the BAS, thereby removing this valuable revenue stream for bookkeepers/accountants. At the same …
The big upheaval: Australian accounting Compliance moves to the country
Regional housing markets are experiencing growth due to movement from the cities to the regional areas. The impacts of “working from home” arrangements are going to be massive. Not only is commercial and retail space in the CBD’s going to be severely affected, the flow on to supporting services will also be affected. Instead of 20 coffee shops per km …