The CPA Australia Outsourcing Guide provides a comprehensive checklist of what should be included in an outsourcing agreement. There are 15 main items that should be covered in an outsourcing agreement. This post will present the first 7 items as below Scope and performance of services Detailed description of the type and scope of outsourced services to be provided where a resource …
Is it time to Free your mind, and your staff … from Australian accounting and tax compliance work?
Australian outsourced tax preparation outsourcing services can help public accounting firms of all sizes. Particularly, outsourcing allows smaller practices to compete with the same quality as larger firms that have invested more heavily in training/systems/procedures. While both outsourcing and offshoring offer lower costs, outsourcing provides significant more benefits. Outsourcing allows firms to offer more interesting and varied and challenging work …
Missing client data and query processing: One common misunderstood benefit of Australian Tax Preparation Outsourcing
Australian tax preparation outsourcing services can help public accounting firms of all sizes. Particularly, outsourcing allows smaller practices to compete with the same quality as larger firms that have invested more heavily in training/systems/procedures. Today we have a quick look at one area many accounting firms struggle to control: the missing client data and query process. Australian accountants are frequently …
The major Benefit of Outsourced Australian Tax Preparation Outsourcing – the model of the future
Australian outsourced tax preparation outsourcing services can help public accounting firms of all sizes. Most critically, it allows a match between the resource requirements of clients (on a job by job basis), to the resource supply of the accounting firm (which should be on a job by job basis). Quite simply, the traditional Australian accounting model is based on a …
How well an OSP and a client work together on an Integrated Technology Platform
Last month we presented the checklist on the quality of the OSP’s technology platform. For this time, it is about the integrity between the OSP and you, the client. Answer these questions below to assess the integrated technology platform. Internal communication How will you communicate with your outsourced staff? Will they report to one person on your team or collaboratively with …
Are you listening to respond, or truly listening?
Last year I went for a 9 day hike, and got sick likely on the 1st night. It was super cold, and by the next day I could feel the cold starting. As it was a long term hike, I was carrying a small medical kit, but not much in the way that could deal with a cold that was …
Those that can, Outsource. Those that can’t, Offshore.
This week we thought we’d clarify more about the differences between Outsource Service providers and their poor cousin, the Offshore service providers. Those who understand Compliance work, create Outsourcing companies Those that can’t, create offshore companies The Outsource services providers, such as Odyssey, are usually owned and operated by Australian accountants. The better firms are operated by Australian accountants who …
End of Compliance work.. Are we there yet?
For those that had some holiday reading time over the Christmas break, or even those that are looking at social media, there has been a lot of recent interest in continual improvements in time-saving devices, cloud and automation, as well as AI bots. Somewhere through the noise there is substance to two important undisputable facts for Australian accountants: The future …
What to Consider when Evaluating the Service Provider’s Technology Platform
As we all know, technology is the backbone of the outsourcing practice. A reliable and secure technology platform of the OSP gives much more confidence for the accountants to outsource accounting, taxation and bookkeeping compliance. We will look into what criteria to evaluate the service providers’ technology platform. Internet speed and reliability What is the reputation of the Internet Service …
The best moments
The best moments usually occur when a person’s body or mind is stretched to its limits in a voluntary effort to accomplish something difficult and worthwhile. As we roll into February and everyone gives up on their new year’s resolutions it’s a good time to take a step back and think about the best moments from last year, or even …
