10

Sep 2020

offshore-vs-outsource.

Why Offshoring Australian compliance is no panacea for Accounting firms with poor systems and processes

By: Odyssey Outsourcing
Tags: Australian compliance, Fixed offshore model, outsourcery management system, Outsourcing

Offshoring not always profitable Offshoring work overseas (labour hire of offshore staff) frequently misses the practice efficiencies that Accounting firm owners are looking for. In the absence of having the right systems in places to take advantage of an offshore labour force, the back-office tasks performed offshore don’t necessarily have a positive effect on profitability, despite a lower labour cost. …

30

Jul 2020

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Australian Accounting firm: Which outsourcing model can work best for your business?

By: Odyssey Outsourcing
Tags: ad-hoc model, australian accounting, Australian compliance, Fixed offshore model, Outsourcing models

Outsourcing your Australian compliance work to overseas is an important undertaking. If done properly, it can greatly improve the way you do accounting business and give you a more competitive advantage. With the time, money, and resources you will invest, you need to ensure that you get your money’s worth. Let’s quick go through the checklist below to choose the …

02

Apr 2020

Australian-Tax-Compliance-offshore-Cracks-in-the-offshore-full-time-labour-model

Australian Tax Compliance offshore: Cracks in the offshore full time labour model

By: Odyssey Outsourcing
Tags: Ad hoc resources, Australian compliance, Cost Savings, Fixed offshore model, Future for offshoring

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 …

26

Mar 2020

Forex Risks- It’s time for Australian accounting firms with offshore labour resources need to look at the fine print

Forex Risks: It’s time for Australian accounting firms with offshore labour resources to look at the fine print

By: Odyssey Outsourcing
Tags: ad-hoc model, australian accounting, Fixed offshore model, forex risk, Outsourced Services

The Australian dollar is diving down. Australian SME’s need to not only manage supply chains in a difficult time, but also manage the foreign exchange issues. Since the beginning of 2020, many offshore markets such as Vietnam, India and Philippines are observing a big down in foreign exchange rate with Australian dollar. For example, Philippine peso has gone down from …

28

Apr 2016

Millennials and their impact on Australian Accounting firms… and the fixed offshore resource model

By: Odyssey Publication
Tags: Fixed offshore model, Gen X, Gen Y, Millennials

Millennials (also known as the Millennial Generation or Generation Y) are the demographic generation following Generation X. There are no precise dates for when the generation starts and ends; most researchers and commentators use birth years ranging from the early 1980s to the early 2000s. The Millennials seem to be making a lot of people worried. With blog postings like …