Jun 2021

Labour Shortage: COVID to impact labour for up to 5 years: Future and Solutions for Accounting Firm Owners

By: Odyssey General, Outsourcing
Tags: COVID19, labour shortage

Advertising for jobs has been made more complex not only due to digitisation of the advertising landscape, but also due to mobility issues of employees due to border lockdowns (both state and federal). It’s been noted one in five Australian businesses are facing a labour resource issue. Labour shortage has been over the news lately with some industries experiencing an …


Jun 2021

Blog double trouble for Australian accountants

By: Odyssey General, Outsourcing
Tags: Australian accountants, Foreign Workers, labour shortage, Outsourcing

CPA Australia recently released an article on Australia’s reduction in migration numbers, commenting the effects are likely to last for years to come. For Australian accounting firm owners, there are going to be 3 main impacts: Many Australian businesses are going to struggle with finding Australian based workers, with a likelihood of wages growth going to cut down margins in …


Jun 2021

Australia lacks workers

By: Odyssey General, Outsourcing
Tags: labour shortage, Outsourcing

In an interesting opinion article last week, businesses across Australia are battling labour shortages as the economy lifts out of the Covid slowdown. Many of the shortages are easily understandable with the lack of working tourists being unavailable with the cessation of international travel, along with restaurants closing a couple of days each week due to lack of staff partly …


Mar 2019

Outsourcing solves labour shortages

The major Benefit of Outsourced Australian Tax Preparation Outsourcing – the model of the future

By: Odyssey Outsourcing
Tags: client relationship, labour shortage, superfund

Australian outsourced tax preparation outsourcing services can help public accounting firms of all sizes. Most critically, it allows a match between the resource requirements of clients (on a job by job basis), to the resource supply of the accounting firm (which should be on a job by job basis). Quite simply, the traditional Australian accounting model is based on a …


Jun 2012

Offshore administration gaining momentum

By: Odyssey Odyssey in the Press
Tags: cloud, compliance, labour shortage, offshore, online, tax returns

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 …


Jul 2011

Accountants go offshore to boost profits

By: Odyssey Odyssey in the Press
Tags: APESB, compliance, Data, labour shortage, margins, offshore, privacy, risk

“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 …