So, you are considering outsourcing, and you don’t know your responsibilities. The common recommendation is that the consent is sought in the Engagement letters. So who is interested in what you put in you engagement letters, and what do you really need to put in them anyway… Who is interested in what you put into your engagement letters: TPB: Letters …
2017 Good, Bad, Ugly Poll Results Analysis
This year’s Good, Bad & Ugly Insight poll has recently been released. The 2017 poll generated data on rates and pricing across Australian Accounting firms, which paints a generally optimistic future of how Australian accountants see the year ahead. The impacts on and challenges to the industry seem to be both evolving and staying the same. For the fourth consecutive year …
Offshoring versus Outsourcing? Why the confusion remains
Our CEO was visiting a client in Canberra the other day, and discussion invariably ended up mentioning the aggressive pursuit by offshore labour providers in the Philippines. The question then had to be asked: why are some firms considering the Philippines labour hire solutions, while other firms are knocking them back and working with Outsourcing offerings. The response was: Offshoring …
Disruption in the recruiting industry. Why Aussie accountants need to take notice
It seems more disruption is on the horizon, though of course some days it feels like it is changing faster than others. We’ve already been told the accounting graduates of 2017 are not like they used to be, and there are plenty of stories about what is important to new graduates. Not only is it important to find out what …
The perfect storm. Is your Australian tax compliance client data secure?
Rewinding back to earlier this year, Australia will have a mandatory data breach notification scheme in place within the year after several aborted attempts, following the passage of legislation through the senate. There has certainly been a raft of overseas data breaches, and some of them like the Equifax breach has put Australians’ sensitive financial information at risk. What is …
The slow fuse of Australian Accounting and Taxation Compliance disruption
There must be many out there questioning where all the promised disruption is. Sometimes it seems like a slow burning fuse. Everyone seems remarkably focused on disruption, and new business models, that it’s a bit like peering at the dawn waiting for the impending attack. Anyone who’s actually stared at the dawn light knows that dawn isn’t punctual, and can …
The future of Australian Tax Compliance… Why Gen Y find it hard to engage
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 …
Changes to SMSF Compliance… More reporting, more automation
A couple of days ago an interesting video was released of the discussion between Ron Lesh of BGL and Peter Switzer. In the video there is plenty of discussion about the changing laws and reporting requirements for SMSF’s in Australia, and the fluid and every changing nature of SMSF’s and SMSF reporting. The ever changing SMSF laws have been the …
The Legal market pulse. Exploring alternative business models including 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 …
It’s all about the 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 …
