06

Dec 2017

The full Monty. When others do your compliance work..

The full Monty… When others do your compliance work

By: Odyssey Outsourcing
Tags: engagement letters, full monty, outsourcing disclosure

So, you are considering outsourcing, and you don’t know your responsibilities. The common recommendation is that the consent is sought in the Engagement letters. So who is interested in what you put in you engagement letters, and what do you really need to put in them anyway… Who is interested in what you put into your engagement letters: TPB: Letters …

30

Nov 2017

2017 Good, Bad, Ugly Poll Results Analysis

2017 Good, Bad, Ugly Poll Results Analysis

By: Odyssey Publication
Tags: australian accounting, good bad ugly, Outsourcing

This year’s Good, Bad & Ugly Insight poll has recently been released. The 2017 poll generated data on rates and pricing across Australian Accounting firms, which paints a generally optimistic future of how Australian accountants see the year ahead. The impacts on and challenges to the industry seem to be both evolving and staying the same. For the fourth consecutive year …

23

Nov 2017

Offshoring versus Outsourcing? Why the confusion remains

Offshoring versus Outsourcing? Why the confusion remains

By: Odyssey Outsourcing
Tags: Offshoring, Outsourcing, turnover, virtual teams

Our CEO was visiting a client in Canberra the other day, and discussion invariably ended up mentioning the aggressive pursuit by offshore labour providers in the Philippines.  The question then had to be asked: why are some firms considering the Philippines labour hire solutions, while other firms are knocking them back and working with Outsourcing offerings. The response was: Offshoring …

16

Nov 2017

Disruption in the recruiting industry. Why Aussie accountants need to take notice

Disruption in the recruiting industry. Why Aussie accountants need to take notice

By: Odyssey General
Tags: Disruption, gig economy, graduates, recruiting

It seems more disruption is on the horizon, though of course some days it feels like it is changing faster than others. We’ve already been told the accounting graduates of 2017 are not like they used to be, and there are plenty of stories about what is important to new graduates. Not only is it important to find out what …

09

Nov 2017

The perfect storm. Is your Australian tax compliance client data secure

The perfect storm. Is your Australian tax compliance client data secure?

By: Odyssey Legislation
Tags: cyber risks, Data breach, Data security

Rewinding back to earlier this year, Australia will have a mandatory data breach notification scheme in place within the year after several aborted attempts, following the passage of legislation through the senate. There has certainly been a raft of overseas data breaches, and some of them like the Equifax breach has put Australians’ sensitive financial information at risk. What is …

02

Nov 2017

The slow fuse of Australian Accounting and Taxation Compliance disruption.

The slow fuse of Australian Accounting and Taxation Compliance disruption

By: Odyssey General
Tags: Disruption, new business models, standardization

There must be many out there questioning where all the promised disruption is. Sometimes it seems like a slow burning fuse. Everyone seems remarkably focused on disruption, and new business models, that it’s a bit like peering at the dawn waiting for the impending attack. Anyone who’s actually stared at the dawn light knows that dawn isn’t punctual, and can …

12

Oct 2017

The future of Australian Tax Compliance… Why Gen Y find it hard to engage

By: Odyssey Automation
Tags: Automation, compliance, employability, Gen Y

With Automation likely to impact compliance in the near future, and offshoring impacting compliance now, this week we look at Gen Y’s engagement with the future of compliance. There has been plenty of discussion about offshoring and automation affecting compliance, and particularly where the new “Middle Managers” will be found in 3-5 years if graduates aren’t being engaged and recruited …

28

Sep 2017

The Legal market pulse. Exploring alternative business models including outsourcing

The Legal market pulse. Exploring alternative business models including outsourcing

By: Odyssey Publication
Tags: Automation, commbank, legal market pulse, NewLaw, Outsourcing

The Commbank Legal Market Pulse has some interesting reading for Australian accountants, especially in the compliance area. Australia’s leading law firms are moving into, and responding to, a rapidly changing market. The changes are brought about by intensifying competitive pressures, with subdued revenue growth, margin compression, and increasingly demanding clients. This is compounded by continual price negotiations, the increasingly competitive …