05

Sep 2019

Outsourcing-the-importance-of-understanding-where-you-work

Outsourcing: the importance of understanding where you work

By: Odyssey Outsourcing
Tags: Australian tax compliance, Outsourcing

While travelling around we recently spotted a sign nearby a water drinking source. At first glance the sign appears totally in order, both in the original language, and in the translated English. However, native English speakers would likely note that “All sorts of pollution is banned” does not quite resolve the problem. Indeed “All Sorts” is not fully exclusive or …

29

Aug 2019

Australian tax compliance outsourcing

Australian tax compliance outsourcing: The Odyssey Outsourcing model versus Offshoring to the Philippines

By: Odyssey Outsourcing
Tags: Australian tax compliance outsourcing, Outsourcing

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 …

22

Aug 2019

odyssey-australian-tax-outsourcing

Odyssey’s Australian tax outsourcing – 15 years, and the change continues

By: Odyssey Outsourcing
Tags: Australian tax, Odyssey Resources, Outsourcing

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, …

15

Aug 2019

smsf-outsourcing

Accounting firms: How to effectively Outsource your SMSF work

By: Odyssey Outsourcing
Tags: ad-hoc model, capacity, gig economy, SMSF outsourcing

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 …

08

Aug 2019

why-the-hourly-partner-recovery-rate-isnt-making-any-sense

Why the hourly partner recovery rate isn’t making any sense

By: Odyssey Outsourcing
Tags: flog, partner, recovery rate, super star

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 …

25

Jul 2019

business-owners-have-it-wrong

Accounting business owners model is all wrong. Why hiring full time staff isn’t making sense in the using economy

By: Odyssey Outsourcing
Tags: accounting, Outsourcing, SMSF outsourcing

This week we’re looking at the full time employment model, which is the model most people are probably used to. You know, the one where you grow up, maybe go to uni (or take on a cadetship while you study), then graduate and get a job. And that job is a full time gig. 40 hours a week plus or …

11

Jul 2019

why-micromanaging-is-wrecking-your-australian-accounting-firm

Why micromanaging is wrecking your Australian accounting firm

By: Odyssey Outsourcing
Tags: Australian Accountant, micromanagement, Outsourcing

This week we’re talking about micromanagement by Australian accounting firm owners.  We’ve all read the negatives associated with micromanagement, which is, for Australian accounting firms, one step removed from doing the work yourself. There are still plenty of Australian accounting firm owners who love nothing more than getting on the tools and getting out a tax return. And there’s plenty …