Top 6 drivers of Australian accounting industry will explain the current situation of your firm and why many firms are tapping into offshore labour market.
How Inflation Directly and Indirectly Impacts Australian Accounting Firms
Unveil hidden impacts of inflation on Australian accounting firms. From major problems to unexpected challenges, grab key takeaways for your firm’s success
Australian Accountants Get a Life
Australian accountants: get your work under control with outsourcing, and start enjoying life!
Problems With The Offshore Labour Hire Model
I spoke to the director of an Australian firm last week who had staff resource issues, and he’d indicated he had both bookkeepers and compliance staff in an offshore location. He’d had these staff for a couple of years and had trained them up in both SMSF and compliance (company, trust partnership, sole trader and individual returns). This firm had …
Remote working seems to be here to stay during challenging talent acquisition times
The AFR recently noted that Bosses no longer mind (much) if you work from home and this seems to be driven from a recent survey which noted the top concerns of senior executives included: Employees working from home occupied a health 3rd position in the prior year’s survey, likely due to the unsettling times as a result of covid, coupled …
Inflation and wage rises to affect Australian accounting firm owners
Over the next 12 months we can expect increased pressures on pricing for domestic Australian accounting employees. At the moment, the Australian Bureau of statistics has the November 2021 Full-time adult average weekly total earnings at just under $2,000, with specific higher demand industries being above average. The Australian accounting news sources are already reporting large salaries being offered to …
Focus on the client and leave the Australian compliance tax work to Odyssey outsourcing
Are you too busy? We recently received a comment from a client that pretty much summed up everything good about outsourcing your compliance work. Odyssey believes that Australian SME businesses are best served when Australian accounting firms are providing additional work outside the compliance space. And with a never ending raft of new tax laws, guidance notes, practice notes and …
Why Australian accounting firm owners need to get out of the office (permanently)
The successful practice does not need the Australian accounting firm owner to be present in the office, and should not need the owner to be contributing to the bottom line. Allow me to explain by way of the evolution of the accounting firm. In the first quadrant, an accountant gains experience through working for another accounting firm as an employee. …
Australian Accountants, Time To Re-Look At Your Banking Security
In the last 3-5 years, there has been increased losses through lax security around bank accounts. Instances include loss of email accounts of senior executives and these accounts are used to email the junior payable accountants requesting payments to fraudsters bank accounts, all the way to loss of control of bank accounts through loss of control of mobile phone banking. …
Australian Accountants, Time To Re-Look At Your Mobile Phone Security
In the last few years, there has been increased activity by nefarious actors in the identity theft and bank hacking. Many bank hacks occur with the loss of control over the mobile phone number, frequently through SIM jacking. There are plenty of sites online that can give information on how best to protect your mobile number from being hijacked. Losing …
