16

May 2019

workpapers-australian-accountants-dirty-little-secret

Workpapers: Australian accountants dirty little secret

By: Odyssey General
Tags: ATO, future of compliance, working papers

This week seemed to be a meeting of a number of issues that led us to consider the future of Australian taxation compliance. We believe that Odyssey completing some 50,000 jobs annually for some 500 Australian accounting firms gives us the opportunity to have higher level visibility than most firms. This week started with receiving a garbage set of prior …

21

Feb 2019

End of compliance work-new

End of Compliance work.. Are we there yet?

By: Odyssey General
Tags: Automation

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 …

07

Feb 2019

IMG_4602 - Copy

The best moments

By: Odyssey General
Tags: Experience, Memories

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 …

20

Sep 2018

Generational approaches

Why Generational differences matter for Australian compliance preparers

By: Odyssey General
Tags: Change, generational differences, workforce

Change continues to happen at a massive pace in the Australian accounting compliance industry, and in this current time we have interestingly several different generations participating in the preparation of the same sets of compliance work, but using vastly different tools and different skill sets. I was thinking the other day about an accountant that I’m in discussions with, who …

13

Sep 2018

Navigating

Navigating Change – why minds are stuck on old tracks

By: Odyssey General
Tags: Change, future, Technology

I was thinking the other day about generational differences in approaches to navigating, and how we all achieve the same (compliance output) but approach it in many different ways. When I was younger (pre internet), I’d watch my dad drive using maps for longer distances, and street maps for local situations. Maps were studied diligently before the journey, with landmarks …

06

Sep 2018

walk in the woods

If you go walking in the woods without your iphone, and don’t record it, did you go?

By: Odyssey General
Tags: life observation, Philosophical thoughts

This week we thought we’d push into the philosophical thought raising questions regarding observation and perception. Earlier this year I went walking in the jungles of Laos over several days. On the last day it was raining heavily, as only it can in Asian jungles.  Given that I was committed to the walk, it only seemed right to get out …