28

Jul 2022

Upsurge in accounting salaries, skills needed in data visualization and SME insight analysis

By: Odyssey Uncategorised
Tags: Australian Accountant, compliance, Cyber Security, Data security, inflation, Upskilling

As the AFR recently noted, we’re still seeing the war for Australian accounting talent is becoming increasingly fierce. At the smaller end of the town, in the suburbs and the regional areas, it’s becoming increasingly difficult to compete with the larger salaries being offered by the bigger firms. One recent article mentioned “raids” of smaller firms by bigger companies, often …

03

Dec 2020

The-5-top-reasons-why-“Outsourced”-Remote-staff-are-outperforming-local-office-workers.jpg

Top 5 reasons why “Outsourced” Remote staff are outperforming local office workers

By: Odyssey Outsourcing
Tags: Australian Accountant, australian accounting, Australian compliance, Data security, Fixed offshore model, offshore labour, Outsourced Services, Outsourcing, Overseas outsourcing

In a recent Harvard Business Review 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 …

04

Jun 2020

Working-from-home-isn’t-just-about-moving-your-office-computer-home.

Australian compliance: Working from home isn’t just about moving your office computer home

By: Odyssey Outsourcing
Tags: Australian tax compliance outsourcing, cyber risks, Data security, WORKING FROM HOME

COVID-19 has displaced workforce around the world, including offshore locations where staff are usually working in a secure office environment. Many offshore providers note their security restrictions such as no iphones in the office, 24 hour security guards, restricted fingerprint access to office environment. The list goes on. What’s really interesting, is many of these have jumped on the internet …

26

Dec 2019

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm: Part 2 of 2 – Systemisation and Data Security

By: Odyssey Outsourcing
Tags: australian accounting, Data security, outsourcery management system, Outsourcing, systemisation

Prior to checking this post out, this week blog will keep identifying the main factors that Australian Accounting firms should consider when choosing a right outsourcing partner. Systemisation in Australian accounting outsourcing operation In the outsourcing accounting industry, technology plays an important part to help collaboration across borders with language or time zone difference and leads to higher productivity and …

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 …