25

Apr 2019

The shift to strategic review

Quality Australian Tax compliance outsourcing: the shift to review

By: Odyssey Outsourcing
Tags: compliance, Firm of the future, strategic review, switch to advisory

Australian outsourced tax preparation outsourcing services can help public accounting firms of all sizes. Regardless of size of the Australian accounting firm, a quality outsourced services provider will return high quality work, in an exceptional format, in a timely manner. Today we have a quick look at one area many accounting firms struggle to control: preparing and reviewing quality compliance …

18

Apr 2019

What Should Be Included in an Outsourcing Agreement - Part 2

What Should Be Included in an Outsourcing Agreement – Part 2 of 2

By: Odyssey Outsourcing
Tags: confidentiality, data retention, intellectual property, jurisdiction, privacy, Security

Prior to checking this post out, take a recap on the first part related to what should be included in an outsourcing agreement. This post is to present the remaining items as below. Your obligations and those of the OSP Obligations and rights of the parties to the outsourcing agreement Nature of the information to be provided by you and the …

11

Apr 2019

What Should Be Included in an Outsourcing Agreement - Part 1

What Should Be Included in an Outsourcing Agreement – Part 1 of 2

By: Odyssey Outsourcing
Tags: outsourcing agreement, pricing, scope, terms, warranties

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 …

04

Apr 2019

Free up local staff

Is it time to Free your mind, and your staff … from Australian accounting and tax compliance work?

By: Odyssey Outsourcing
Tags: compliance, low cost, low staff turnover, Outsourcing

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 …

28

Mar 2019

The query process

Missing client data and query processing: One common misunderstood benefit of Australian Tax Preparation Outsourcing

By: Odyssey Outsourcing
Tags: missing data, queries, turnaround

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 …

21

Mar 2019

Outsourcing solves labour shortages

The major Benefit of Outsourced Australian Tax Preparation Outsourcing – the model of the future

By: Odyssey Outsourcing
Tags: client relationship, labour shortage, superfund

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 …

14

Mar 2019

Assessing Integrated Technology Platform

How well an OSP and a client work together on an Integrated Technology Platform

By: Odyssey Outsourcing
Tags: communication, confidentiality, Security, Technology, Timesheet

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 …

28

Feb 2019

Those that can

Those that can, Outsource. Those that can’t, Offshore.

By: Odyssey Outsourcing
Tags: offshore, offshore labour, Outsourced Services

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 …

14

Feb 2019

Practice management series - 1

What to Consider when Evaluating the Service Provider’s Technology Platform

By: Odyssey Outsourcing
Tags: internet, software, Technology

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 …

31

Jan 2019

Rewarding offshore workser - Website

What your offshore workers really want… hint: it’s not cash

By: Odyssey Outsourcing
Tags: Australian Accountant, employee productivity, offshore worker

Forget the table tennis tables and the bean bags, the employees of today want a lot of different things, and it isn’t just cash. In this digital age, there’s certainly a lot of transition of employees after a year or two, and no end of consultants advising on what to do about ensuring your employees are engaged and happy in …