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 …
The major Benefit of Outsourced Australian Tax Preparation Outsourcing – the model of the future
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 …
How well an OSP and a client work together on an Integrated Technology Platform
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 …
Those that can, Outsource. Those that can’t, Offshore.
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 …
What to Consider when Evaluating the Service Provider’s Technology Platform
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 …
What your offshore workers really want… hint: it’s not cash
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 …
Issues to consider when selecting an Outsourcing Service Provider – Part 2 of 2
Following the last post (if you just landed on this article, we suggest you read the previous one first), the rest of the checklist of issues related to choosing the best possible OSP is as below. In the previous post we covered the questions to ask the OSP regarding background on the country the OSP works from, finding out more about …
Issues to consider when selecting an Outsourcing Service Provider – Part 1 of 2
Maybe the most difficult decision regarding the outsourcing is to find the right OSP. It is useful to go through the checklist of issues to consider when selecting an OSP. For this post, we will look at three themes: background, characteristics of the OSP and their staff. Background on the Outsource Service Provider Many accounting firms ignore the important background on …
Outsourced Offshore Accounting Services: Why Australian Compliance work is heading overseas.
As we head into the Christmas season, and lots of us head overseas, it’s a good time to reflect on the past year. And it’s not just the Australians that are headed overseas, albeit for a short break. Over the past year we’ve seen an explosion of work headed overseas, with the main recipients being India, Philippines and Vietnam. With …
What kind of services can accounting firms outsource?
Accounting firms normally outsource the business activities related to accounting, taxation and bookkeeping compliance. In the digital age, many firms are considering the outsourcing of other ancillary services such as marketing, sales and administration. The checklist below will help you identify which areas and which services you wish to outsource. Accounting function services Accounting compliance is the usual standard service …
