02

Mar 2016

Chartered Accountants Australia + New Zealand examines The Future of Work: How can we adapt to survive and thrive?

By: Odyssey Publication
Tags: Firm of the future, Offshoring

The Chartered Accountants Australia + New Zealand have released The Future of Work: How can we adapt to survive and thrive? This publication examines mega-trends that continue to shape Australia, such as the erosion of geographical barriers; an ageing population; digital disruption; and, the rise of the peer-to-peer economy. The publication poses questions and intends to start the debate on …

01

Mar 2016

Do Labour Hire firms need to register with the TPB?

By: Odyssey Legislation
Tags: labour hire firms, offshore labour, Outsourcing

The TPB has released an information sheet on 8 January 2016 [TPB(I) 26/2016 Labour hire/on-hire firms] to assist labour hire/on-hire firms involved in the provision of tax related services to understand the operation of the tax agent services regime and whether or not they need to register with the TPB. If the labour hire/on-hire firm is involved in placing a …

25

Feb 2016

What is the future for Offshoring?

By: Odyssey Publication
Tags: Offshoring, Outsourced Services

In December 2015 the CA’s future[inc] released a report on the future of offshoring. Globalisation, technology, reduction in barriers to services trade and pressure on fees have impacted outsourcing and offshoring. Labour is no longer tethered to fixed capital and tasks can now easily be outsourced offshore or even automated via the cloud. With the demographic tide turning, Australia will …

18

Feb 2016

The Philippines pulls rank in the customer service industry

By: Odyssey In the Press
Tags: APESB GN 30 Outsourced Services, Code of Professional conduct, Disclosure, offshore, Privacy Act, TPB

The Philippines is now being claimed as a “go-to” destination for outsourcing activities. When you consider the high cost of compliance in Australia, there was very little or no difference in quality and a significant saving in costs… Not all accountants, however, are sold on the idea of outsourcing. BPO isn’t right for every situation, but expert groups argue it …

11

Feb 2016

Cloud computing and the Code of Professional Conduct. TPB Exposure draft

By: Odyssey Legislation
Tags: Cloud computing, Code of Professional conduct, Privacy Act, TPB

The Tax Practitioners Board (TPB) has released an exposure draft on Cloud Computing. Per the ED, a registered agent must know and understand the nature of any cloud computing arrangements they enter into, particularly in the context of how these arrangements impact upon the tax agent services being delivered to their client. Cloud services include information storage, lodgment of returns, …

04

Feb 2016

Cloud-based accounting and productivity tools for practitioners and taxpayers

By: Odyssey In the Press
Tags: ATO, Cloud Accounting, Cloud software, SBR

Modern cloud based accounting software and productivity tools are having far reaching and prompt impact on the way Australian businesses process their business transactions. In this article, Sophie Hossack highlights changes from the last 15 years (pre GST) through to cloud accounting software available today, together with the massive impact this is having on not only the way accountants and …

01

Feb 2016

February 2016 Newsletter – The firm of the future… are we there yet?

By: Odyssey Newsletter
Tags: Disruption, Firm of the future, Future for offshoring, Globalisation, motorbike trip, Sage Connect, the Cloud

The firm of the future… are we there yet? It’s been over a decade since CPA Australia released its Firm of the Future report. Interestingly, there was a section headed “Outsourcing? Get used to it” but no reference in the document to “Cloud”. How times have changed! You can click here to read the PDF report directly. Late last year the Institute of Chartered …

03

Dec 2015

How infrastructure and internet speeds affect how you do business, and where you outsource your work

By: Odyssey Cloud
Tags: cloud, Internet speed, offshore to Vietnam

An independent article on Asia’s mobile and broadband internet speeds noted the following broadband speeds. Vietnam operates at slightly better broadband speeds as Australia, and well in front of the Philippines, Bangladesh and India… Broadband speeds: 9th place – Vietnam 17.3 Mbps 10th place – Australia 16.7 Mbps 11th place – Bangladesh 9.8 Mbps 15th place – India 7.2 Mbps …

05

Nov 2015

Accounting’s brave new digital world

By: Odyssey In the Press
Tags: cloud, Firm of the future, Intuit, offshore, QBO, Xero

Accountancy’s digital revolution means that your firm’s toughest competition might be a switched-on firm on the other side of the continent.. In this article Brad Howarth revisits the “Firm of the Future” 2007 CPA report and visits on what has changed since then. The impact of the cloud is the big game-changer going on right now, and its transformative powers …

20

Oct 2015

Should resellers outsource or offshore migrations?

By: Odyssey Odyssey in the Press
Tags: Intuit, QBO, QuickBooks Online

“Do you use offshore support to run your business? If not you should consider it, if only to help with implementations. A trend among software companies to provide free or subsidised data conversion services from competitors’ products hints at the potential for offshoring in IT resellers.” In this article, published on CRN Australia, Sholto Macpherson explains why Accounting software firms use …