Darin Tyson-Chan interviewed David Carter, CEO of Odyssey Resources, for SMSF Magazine. The practice of using overseasbased organisations to perform the administrative and compliance functions of SMSFs is increasing, according to a senior executive of a firm operating in the space. “We’ve seen quite a proliferation of companies offering these services in the last six to 12 months, so people …
Accountants go offshore to boost profits
“Cost pressure and labour constraints are forcing accounting firms to use low-cost offshore providers for basic compliance work this tax season. Accountants are paying offshore service providers between 15 per cent and 20 per cent of the equivalent local rates for basic tax returns, superannuation returns, the preparation of financial statements and business activity statements.” The author, Agnes King, interviewed …
