Apr 2017

Disruption in the real estate sector, lessons for Australian compliance

By: Odyssey General
Tags: Automation, Digital Disruption, Outsourcing, real estate, time on compliance

Watching the recent changes in the Australian real estate sector has been interesting, along with comments about McGrath and the newly formed “The Agency”. An interesting comment surfaced recently: “Going back before the float I could see the fragmentation of the industry – the huge impact the internet is having on our business model, the unprecedented low stock levels, and how …


Apr 2017

How accountants will survive automation

By: Odyssey Automation
Tags: Automation, Bots, compliance

Remaining relevant suddenly takes on a sense of urgency with recent automation releases. It’s pretty obvious by now that clients aren’t going to pay for someone to regurgitate the tax code, when they have access to the same tax code online. Firms building their own compliance teams offshore are headed in the wrong direction. The push should be into automation, …


Mar 2017

Goodbye to Compliance Jobs, but will Robots meet with your clients?

By: Odyssey Automation
Tags: Automation, compliance, offshore, Robots

Goodbye and Good Riddance to Compliance. But just how far will robots and automation shave off the compliance workload. And will robots meet with your clients? In mid last year there was excitement on the release of robots which mimic human walking habits, with videos released of the humanoid Durus. Later last year a massive 4 metre Avatar like robot was built in South …


Mar 2017

Are we irrevocably losing Compliance skills in Australia?…

By: Odyssey Outsourcing
Tags: Automation, compliance, job loss, Offshoring, Outsourcing

I had a chat with a firm the other day that was resisting outsourcing and going to keep hiring local staff, on the pretext that managers of the future had always come from within the ranks. Late last year we blogged about the possible trend to bring the jobs back home as a result of changes in the Australian political climate. …


Feb 2017

Simple Australian “I” returns disappear from Australian Accountants’ Compliance work

By: Odyssey General
Tags: Automation, compliance

Technology is changing the way taxpayers worldwide interact with tax authorities. And it isn’t any different in Australia. The move towards self-lodging is inevitable for many reasons. Looking back into last century, Australia has had e-tax software for self lodgement since 1999 and for 15 years it was the only way for self-lodging individuals to lodge their tax return online. The …


Dec 2016

Will Australia’s minimum wage force more work offshore?

By: Odyssey General
Tags: Australian bookkeeping, Australian compliance, Automation, offshore, Wages

Quick Question: In what country is it permissible under law to pay a minimum wage of US$2.13 per hour plus tips, or US$4.25 an hour for the first 90 calendar days of employment if under 20? Ok so yes, we agree the US$7.25 minimum wage in the US is probably a more reflective figure. But it’s still remarkably lower than the …


Aug 2016

Economy in Transition – Startups, innovation and a workforce for the future

By: Odyssey Publication
Tags: Automation, Innovation, Offshoring, Outsourcing, Startups

The paper, Economy in Transition – Startups, innovation and a workforce for the future, was recently released by StartupAUS, the national start-up advocacy group. The discussion paper warns up to 4.6 million jobs may be at risk if Australia does not prepare its workforce for the digital future. The paper was produced with global networking firm LinkedIn and Sydney startups Expert360 and CodeCamp, and suggests few jobs …


Aug 2016

CSIRO modelling and the impacts of offshoring and automation on Australian accountants

By: Odyssey Publication
Tags: Automation, Digital, Offshoring

Last week we mentioned the CSIRO released a report on “Tomorrows digitally enabled workforce”. At 112 pages it’s certainly a detailed document, but it’s worth also looking at the Appendix on modelling. In “Modelling occupation changes in Australia”, the CSIRO identified 4 different work activities: Knowledge, Influencing people, Machines and Movement, Personal Services. In the first model, skills are noted …