In a recent talk, Michael & Rosanna shared their “life-changing” experience and insights on efficiently running their boutique accounting practice utilising Odyssey’s outsourced services.
The Essential Guide to Offshore Accounting for Australian Accounting Firms
Offshore accounting has emerged in Australian accounting industry for many years. This is a complete guide on what it is, how it works and what to consider.
Australian Skills Shortage: How Accounting Firms Responded
Australian skills shortage or accountant shortage have been daunting accounting firms. Hiring contract staff, investing tech, outsourcing offshore are opted.
AI and ChatGPT in Accounting Practice: The Capabilities and Ethical Implications
Unveil work functions utilizing AI – ChatGPT in accounting industry and explain relevant ethical concerns that makes accounting firms hesitant to adopt.
2023 Update: 6 Key Drivers for Australian Accounting Firms
Top 6 drivers of Australian accounting industry will explain the current situation of your firm and why many firms are tapping into offshore labour market.
How Inflation Directly and Indirectly Impacts Australian Accounting Firms
Unveil hidden impacts of inflation on Australian accounting firms. From major problems to unexpected challenges, grab key takeaways for your firm’s success
Australian Accountants Get a Life
Australian accountants: get your work under control with outsourcing, and start enjoying life!
Problems With The Offshore Labour Hire Model
I spoke to the director of an Australian firm last week who had staff resource issues, and he’d indicated he had both bookkeepers and compliance staff in an offshore location. He’d had these staff for a couple of years and had trained them up in both SMSF and compliance (company, trust partnership, sole trader and individual returns). This firm had …
Remote working seems to be here to stay during challenging talent acquisition times
The AFR recently noted that Bosses no longer mind (much) if you work from home and this seems to be driven from a recent survey which noted the top concerns of senior executives included: Employees working from home occupied a health 3rd position in the prior year’s survey, likely due to the unsettling times as a result of covid, coupled …
Why you may never need to lodge a tax return again
Recently the Australian tax office postured that eventually there would be no need to lodge tax returns, as the ATO moves to a system of automatic data exchange which will end the annual lodgement requirements. Before we throw this thought as impossible, it’s worth considering Australia’s tax system versus other tax systems. In some other countries, the employer is responsible …
