27

Aug 2020

The-SMSF-auditor-is-tougher-this-year.

The SMSF auditor is tougher this year. Sorry, not sorry

By: Odyssey Outsourcing, Uncategorised
Tags: ATO, low cost, Outsourcing Best practice, Quality work, SMSF, SMSF auditors

We recently noticed a complaint from one of our accounting firm clients, that the SMSF auditors we were using (we switched to a panel of SMSF auditors) were making things difficult by asking for signed documents from the trustees, pieces of information to prove ownership and valuation, and generally just making the SMSF audit process a lot more difficult, in …

05

Aug 2020

Australian-tax-and-accounting-compliance-Outsourcing-forecast-to-increase-75-from-2020-to-2022.jpg

Australian tax and accounting compliance Outsourcing forecast to increase 75% from 2020 to 2022

By: Odyssey Outsourcing, Uncategorised
Tags: Australian compliance, commbank, COVID19, Outsourcing, superfund

Commbank released their June 2020 marketing pulse recently. Most interestingly Australian tax and accounting compliance Outsourcing forecast to increase 75% from 2020 to 2022. As a direct result of their coronavirus experience, 21% of firms responded that they would increase their use of contractors and outsourcing. Many firms had invested in cloud technology and made the transition to working from …

16

Jan 2020

Automation-in-Australian-Outsourcing-Accounting-Risks-or-Opportunities-2

Automation in Australian Accounting: Risks or Opportunities?

By: Odyssey Uncategorised
Tags: Accounting Firms, Australian compliance, Automation, Cloud software, Outsourcing

Automation has been threatening thousands to millions of jobs with obsolescence, and accounting jobs are supposedly at the top of list. Indeed, there is no surprise here that accounting automation truly makes productivity improvements in Australian compliance services. Accounting software that automate processes have taken over many back-office functions in accounting services. Hence; Australian accounting firms who were charging their …