Despite the Australian borders being open, there has been an unremarkable number of new immigrants flooding into Australia, with an indication that Australia might not be winning the competitive global war for talent. There are indications that there is a slowdown in offshore visa processing, with older and more experienced workers being discouraged and an out-of-date priority jobs list. There …
How Australian Accounting Firm Owners Are Managing Cybersecurity Challenges in the Post COVID-19 World
Impact of COVID-19 on cybersecurity The global pandemic significantly intensified fraudulent activities as many people become more vulnerable to cyber threats while working remotely. According to the Annual Cyber Threat Report 2020-21 from Australian Cyber Security Centre, there were over 67,500 cyber-attacks reported, an increase of nearly 13 per cent from the previous financial year. During the fiscal year 2020-21, …
We Live in Unsettling Times: Inflation To Affect Wages and Wage Growth
Headline inflation in 1Q22 rose to 5.1% and this is the highest inflation rate since 2001. Yesterday the RBA surprised many punters by raising the interest rates by 0.25%. There is now discussion of increases in wages increases between 3 and 4 percent. At the same time, the central forecast for 2022 is for headline inflation of around 6 …
Overseas call centres returning to Australia: Lessons from the Telstra experience
Recently Telstra CEO Andy Penn announced Telstra aims to bring all of its call centres back to Australia within the next 18 months and allow more employees to work from home. Part of the reason for this is the declining call volumes: The number of calls Telstra receives has fallen from 50 million in 2016 to 15 million a year …
Australian Compliance Outsourcing: A healthier work-life balance solution for accounting business owners
Many people who start their Australian accounting business have chosen outsourcing because they want freedom. It might be freedom to make decisions or freedom around their time and choosing where and when they work. There is a temptation to do everything yourself, often because you feel the need to control everything. Eventually though, you realise you are better off hiring …
Key Criteria to choose a Right Australian Accounting Outsourcing Partner for your firm
During the festive season, many Australian accounting firms have closed and not work on their compliance jobs. In order to reduce the burden of deadlines after the holiday, Australian accounting firms can choose a better solution: outsourcing. Indeed, most of outsourcing firms in Asia countries like Vietnam still process work during the Christmas and New Year season. However, it is …
5 reasons why “Outsourced” Remote staff are outperforming local office workers
In a recent report, the number of people who say they can’t concentrate at their desk has increased by 16% since 2008, and the number of those who don’t have access to quiet places to do focused work is up by 13%. Office space design today seems to come with noises and other distractions that break concentration or inhibit the …
The Secret to Odyssey’s “same day” SMSF compliance service offer
To understand how Odyssey is able to provide a Quality “same day” SMSF compliance service offer, at no increased pricing than our normal SMSF processing, it’s worth quickly noting that Odyssey’s CEO started the move towards “same day” processing in 2016, with the culmination of this effort arriving mid 2020 with the announcement and launch of Odyssey’s “Same day” SMSF …
The Story behind Odyssey’s “same day” SMSF compliance service offer
It’s hard to believe that Odyssey’s 5 year plan to move their processing from 5 working days down to “same day” service was created at the start of 2016. To understand how Odyssey managed to provide a quality “same day” SMSF compliance service, it’s worthwhile to revisit the groundwork for this “overnight success”. Odyssey the company was setup in 1998 …
2021 – what’s your new years resolutions?!
So here we are in 2021 – what’s your new years resolutions?! When we are young, we are too busy focused on the new years day, and probably the headaches that arrive with the new year. Then as we hit our 20’s we’re totally into new years resolutions: whether it be cleaning up our life, our house, putting things in …
