09

Nov 2017

The perfect storm. Is your Australian tax compliance client data secure

The perfect storm. Is your Australian tax compliance client data secure?

By: Odyssey Legislation
Tags: cyber risks, Data breach, Data security

Rewinding back to earlier this year, Australia will have a mandatory data breach notification scheme in place within the year after several aborted attempts, following the passage of legislation through the senate. There has certainly been a raft of overseas data breaches, and some of them like the Equifax breach has put Australians’ sensitive financial information at risk. What is …

04

May 2017

Australia’s new data breach notification laws. Are your suppliers ready?

By: Odyssey Legislation
Tags: cloud, Data breach, Data security, Disclosure, due diligence

With an increase in data now on the cloud, and a number of third party services providers assisting Australian accountants, it’s a good time to look at the ever changing laws on data breaches. More recently, there was the “Can you hear me” scam reaching Australia. The scammer only needs to record you saying “yes” over the phone. The intention …

16

Feb 2017

Tax Agents still upset at outsourcing work overseas

By: Odyssey Outsourcing
Tags: commoditization of compliance, Data security, Offshoring, Outsourcing

In a recent posting on the IPA website, titled: “Tax agent hits out at outsourcing work”, there was plenty of online comments from the Australian accounting community, proving the matter of outsourcing and offshoring is raising considerable angst and anger amongst Australian accountants. The article leads with an Australian tax agent indicating that outsourcing work presents an “unfair advantage” over …

10

Feb 2011

Tax returns go offshore

By: Odyssey Odyssey in the Press
Tags: compliance, Data security, due diligence, higher margins, offshore, Outsourcing, privacy, routine tasks, skills shortages, tax returns

“In the two weeks spanning Christmas and New Year’s Day, while HAS Business Solutions ’ accountants vacated Alice Springs and headed for the coast, an army of Vietnamese bean counters kept the firm’s till ticking over.” In this article, Agnes King discussed the benefits of outsourcing and offshoring basic accounting services for Australian accounting firms. HAS Business Solutions has been …