13

Aug 2020

Signs-a-tyre-kicker-prospect-has-turned-up-to-your-accounting-compliance-practice

Signs a tyre kicker prospect has turned up to your accounting compliance practice

By: Odyssey Outsourcing
Tags: australian accounting firm, Australian tax compliance, commoditization of compliance, Outsourced Services

The first most important thing about handling potential customers who contact your company is to have a clear idea of the type of company you are, and the type of customer you best serve. This might sound strange, especially for compliance firms which can be frequently mentioned as commoditised, but at the end of the day you are going to …

18

Jun 2020

Zoomed-out-Is-digital-signing-and-digital-meetings-eroding-the-relationship-between-clients.jpg

Zoomed out: Is digital signing and digital meetings eroding the relationship between clients?

By: Odyssey Outsourcing
Tags: Australian Accountant, Australian tax compliance, Digital, post-pandemic

COVID-19 has displaced workforces in Australia, more so in the more heavily populated capital and major cities of Australia. This has meant the rapid evolution and deployment of the new age of digital platforms supporting online collaboration. At the same time, there is a thinning of the traditional hierarchy of accounting firms, through disintermediation of the organisation. Timesheets are disappearing …

28

May 2020

Remote-workers-Pulling-the-plug-and-impacts-on-profitability

Remote workers: Pulling the plug and impacts on profitability

By: Odyssey Outsourcing
Tags: ad-hoc model, Australian tax compliance, forex risk, offshore labour, Outsourced offshore

We’ve previously touched on risks that offshore labour services providers like to gloss over when selling their “cheap and cheerful” full time labour resources. These risks include pushing the foreign exchange risk back onto the Australian accountant, wherein paying for the actual salary of a full time worker in foreign currency leaves the Australian accounting firm exposed to detrimental movements …

05

Sep 2019

Outsourcing-the-importance-of-understanding-where-you-work

Outsourcing: the importance of understanding where you work

By: Odyssey Outsourcing
Tags: Australian tax compliance, Outsourcing

While travelling around we recently spotted a sign nearby a water drinking source. At first glance the sign appears totally in order, both in the original language, and in the translated English. However, native English speakers would likely note that “All sorts of pollution is banned” does not quite resolve the problem. Indeed “All Sorts” is not fully exclusive or …

13

Jun 2019

outsourcing-to-a-tax-agent-complying-with-the-code

Outsourcing work offshore to an Australian tax agent – complying with the Code of Professional Conduct

By: Odyssey Outsourcing
Tags: Australian tax compliance, Code of Professional conduct

This week I was listening to the TPB webinars and a recent webinar on “Work related expense claims”. The webinars are a great way to keep up to date with the TPB’s latest initiatives and thinking, while at the same time getting some Continuing Professional Obligations to meet the CPE requirements. The link is here for those interested → TPB …

26

Jul 2018

10 signs

10 Signs Outsourcing is going to help your Australian tax compliance work

By: Odyssey Outsourcing
Tags: Australian tax compliance, Entrepreneurship

Everyone wants to be an entrepreneur, as they have for the last 30 years, but it seems these days that being an entrepreneur has replaced people’s dreams of being a rock star, or was it an astronaut… While not everyone deliberately goes out in life to become the owner of an Australian compliance accounting firm, you end up where you …

23

Feb 2017

Increasing your firms capacity: Outsourcing versus Employee Leasing

By: Odyssey Outsourcing
Tags: Australian tax compliance, BPO, Offshoring, Seat Leasing

Whilst the header on our blog this week mentions Outsourcing versus Employee Leasing, we should mention a third option being “DIY outsourcing”. So there are three options accountants may consider when looking at increasing Australian bookkeeping/accounting/tax compliance capacity within their firm. Business Processing Operation (BPO) Employee Leasing, sometimes referred to as Seat Leasing “Do it yourself” leasing BPO generally allows …