A lot of the Australian accounting firm owners are hard pressed to manage the work they have inhouse, and come to talk to Odyssey when their growth is improving, or their resources shrinking in efficiency. And it may be that both may be happening at the same time. Earlier this week we spoke to an accounting firm owner whose bookkeeping …
Australian Tax Compliance offshore: Cracks in the offshore full time labour model
Australian accountants are looking to a 6-12 month business slowdown, and possibly longer, and are starting to cut fixed costs. Those fixed costs which can easily be released are the offshore full time labour force, which usually require 1-3 months notification to let the staff be returned to the offshore labour firm. Those firms will still need resources for ad-hoc …
SOA Automation. Tools promising 80% time savings putting pressure on offshore Paraplanners
A non-institutionally owned financial planning and accounting dealer group has launched an automated Statement of Advice (SoA) tool it claims will cut the time it takes accountants to produce a range of advice documents by up to 80 per cent. The tool produces SOA’s in five key areas: stablishing a self-managed superannuation fund (SMSF); borrowing to invest in real estate under a Limited Recourse …