Watching the recent changes in the Australian real estate sector has been interesting, along with comments about McGrath and the newly formed “The Agency”. An interesting comment surfaced recently: “Going back before the float I could see the fragmentation of the industry – the huge impact the internet is having on our business model, the unprecedented low stock levels, and how …
The 2017 salary rise forecast indicates up to 6.3% raises for Tax Compliance staff. Time to outsource?
Robert Half released their 2017 Salary guide with insights into the latest salary ranges for finance and accounting, technology and administration and office support professionals. The report says the biggest gains in starting salaries are in Brisbane, with pay cheques in finance and accounting jobs set to rise by 3.5 percent. Melbourne is second with increases of 2.5 per cent. The top …
Australian Accountants have big problems: Disruption hits hard in professional services.
We live in interesting times, but there is no denying disruption over the past 20 years since the internet and email burst onto the scene. Uber, Airbnb and Xero have been around for over a decade, and yet at the same time we still have rampant use of desktop bookkeeping and accounting software here in Australia. A little over a …
How accountants will survive automation
Remaining relevant suddenly takes on a sense of urgency with recent automation releases. It’s pretty obvious by now that clients aren’t going to pay for someone to regurgitate the tax code, when they have access to the same tax code online. Firms building their own compliance teams offshore are headed in the wrong direction. The push should be into automation, …
After the Compliance is gone… Empty nest syndrome for Accountants
We talk to a lot of accountants, and their big fear of Automation, Cloud and Outsourcing is what will I do when the Compliance work is gone, or at least reduced so much that they have spare time on their hands. Recently the discussions have centred around the fact that the world post Compliance is really a greenfield opportunity, and …
Goodbye to Compliance Jobs, but will Robots meet with your clients?
Goodbye and Good Riddance to Compliance. But just how far will robots and automation shave off the compliance workload. And will robots meet with your clients? In mid last year there was excitement on the release of robots which mimic human walking habits, with videos released of the humanoid Durus. Later last year a massive 4 metre Avatar like robot was built in South …
Australian Tax Workers: Is the next wage push just around the corner?
Recently Morgan McKinley released their 2017 Accounting & finance Salary guides. Focusing on the compliance salaries in Accounting & Finance Salaries in Commerce & Industry the more interesting numbers come from the “Tax Accounting” side with newly qualified accountants being paid $70,000 to $90,000; Senior accountants being paid $90,000 to $120,000; Managers $100,000 to $150,000; Senior Managers $140,000 to $180,000; and Directors/Heads from …
The future is online (and offshore) for Australian Compliance…
There was an interesting article in the Australian online news recently that a few years ago would have been scoffed at without further thought. The article was titled: “Is coding the blue collar job of the future?” and suggested that using the analogy of the building industry, we not only need architects and engineers and designers but also a lot of …
Are we irrevocably losing Compliance skills in Australia?…
I had a chat with a firm the other day that was resisting outsourcing and going to keep hiring local staff, on the pretext that managers of the future had always come from within the ranks. Late last year we blogged about the possible trend to bring the jobs back home as a result of changes in the Australian political climate. …
Increasing your firms capacity: Outsourcing versus Employee Leasing
Whilst the header on our blog this week mentions Outsourcing versus Employee Leasing, we should mention a third option being “DIY outsourcing”. So there are three options accountants may consider when looking at increasing Australian bookkeeping/accounting/tax compliance capacity within their firm. Business Processing Operation (BPO) Employee Leasing, sometimes referred to as Seat Leasing “Do it yourself” leasing BPO generally allows …
