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 …

21

Sep 2017

It’s all about the teamwork

It’s all about the teamwork

By: Odyssey General
Tags: Experience, strategy, teamwork

When I was younger I played Rugby.  A lot of rugby. And in a sports minded Australia, Rugby was good. I eventually had to choose between Accounting and Rugby as I headed into University. Yes, a lot of non-accountants might question that decision. Just heading into first year University I was still playing Rugby. Playing for my Club, playing for …

14

Sep 2017

The Millennials Takeover! Millennials in the workplace

The Millennials Takeover! Millennials in the workplace

By: Odyssey General
Tags: digital generation, Millennials, Outsourcing

For those that missed it, there is an interesting interview with Simon Sinek was released regarding “Millennials in the Workplace”. For those of you that missed this video, click here for the link. What’s interesting is that there are almost 7.4 million views of the link above, with 62,000 giving a thumbs up and 3,000 giving a thumbs down, and …

07

Sep 2017

Is Social Media marketing all that it’s cracked up to be

Is Social Media marketing all that it’s cracked up to be

By: Odyssey Publication
Tags: Marketing, sensis report, Social Media

There has been a large amount of effort spent on social media, and a large amount of effort in convincing business owners on the importance of being “social” online. Certainly many Australian accountants are being bombarded not only with “Compliance is dead so move to business consulting” messages, but almost at the same pace there are messages that any Accounting …

31

Aug 2017

TPB rattles Outsourcing and Offshoring Users

TPB rattles Outsourcing and Offshoring Users. Draft practice note released

By: Odyssey Outsourcing
Tags: Code of Professional conduct, Offshoring, Outsourcing, TPB

A few days ago the Tax Practitioners Board (TPB) released draft Practice Note TPB(PN) D38/2017 to provide practical guidance and assistance to registered tax practitioners in understanding their obligations under the Code of Professional Conduct in relation to the use of outsourcing and offshoring. It should be noted that this is a draft practice note, and submissions and comments are invited …

24

Aug 2017

Millennials start to make their mark

By: Odyssey General
Tags: Change, millenials

We thought we’d start off with a joke from the Edinburgh fringe festival this week, which appropriately is about change. “I’m not a fan of the new pound coin, but then again, I hate all change”. Certainly Australian accountants must be getting used to seeing change as a constant in the social media, newsletters, emails and various other media assaulting their …

17

Aug 2017

Why Value Based billing isn’t dominating in Australian Accounting Compliance

By: Odyssey Outsourcing
Tags: compliance work commoditization, Timesheets, value based billing, value pricing

For anyone who has been in the Australian accounting compliance arena for any length of time, the argument for “Value Based Billing” (VBB) is an ongoing Holy Grail.  For some who have eliminated timesheets and moved to Value based billing the proof seems to be there, but for the majority of accountants we don’t see a stampeded to VBB. Somewhere …

10

Aug 2017

5 Threats to Australian compliance work today

5 Threats to Australian compliance work today

By: Odyssey General
Tags: Australian compliance, Automation, Outsourcing, pricing pressure

In this blog we put down our thoughts on the 5 big threats to the future of Australian compliance. Software houses and Artificial Intelligence Starting the countdown from the most important threat (I guess that means we have the drumroll first), is Software houses and Artificial Intelligence. We put these at the top of our list, and research shows that …