Feb 2017

Increasing your firms capacity: Outsourcing versus Employee Leasing

By: Odyssey Outsourcing
Tags: Australian tax compliance, BPO, Offshoring, Seat Leasing

Whilst the header on our blog this week mentions Outsourcing versus Employee Leasing, we should mention a third option being “DIY outsourcing”. So there are three options accountants may consider when looking at increasing Australian bookkeeping/accounting/tax compliance capacity within their firm. Business Processing Operation (BPO) Employee Leasing, sometimes referred to as Seat Leasing “Do it yourself” leasing BPO generally allows …


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 …


Dec 2016

Philippines – A race to the bottom for “per seat” costs

By: Odyssey General
Tags: Offshoring, Outsourcing, Per seat fee, Philippines

We recently saw a Philippines labour service provider advertise for a “seat fee” of sub Aus$200.  This is certainly setting the scene for a race to the bottom for “per seat” costs. The current race is reminiscent of any overcrowded market. People smell cash, and a lot of new entrants come into the market. Prices are forced down to early …


Dec 2016

Chatbots make a move on bookkeeping work

By: Odyssey Automation
Tags: Bots, Chatbots, Offshoring, Outsourcing

Bots and automation is a current theme in our blogs with recent posts discussing whether bots will beat offshoring and robotic process automation. Automation is an ongoing issue facing Australian accountants and we thought it time to look further into current market offerings from a couple of familiar Australian accounting software houses – Xero and Sage. Last week Xero announced …


Sep 2016

Why Australian Accountants need to be concerned about the ATO’s recent moves to tax Outsourcing companies

By: Odyssey Legislation
Tags: Diverted profits tax, Offshore entities, Offshoring, Outsourcing, Royalties

In the recent case of Tech Mahindra Limited v FCT, the Federal Court held that an Indian resident company which carried out IT services for Australian clients both from its Australian permanent establishment (PE) employees and by its Indian employees was liable to tax in Australia in respect of part of the income derived from the services provided from India. …


Aug 2016

Economy in Transition – Startups, innovation and a workforce for the future

By: Odyssey Publication
Tags: Automation, Innovation, Offshoring, Outsourcing, Startups

The paper, Economy in Transition – Startups, innovation and a workforce for the future, was recently released by StartupAUS, the national start-up advocacy group. The discussion paper warns up to 4.6 million jobs may be at risk if Australia does not prepare its workforce for the digital future. The paper was produced with global networking firm LinkedIn and Sydney startups Expert360 and CodeCamp, and suggests few jobs …


Aug 2016

CSIRO modelling and the impacts of offshoring and automation on Australian accountants

By: Odyssey Publication
Tags: Automation, Digital, Offshoring

Last week we mentioned the CSIRO released a report on “Tomorrows digitally enabled workforce”. At 112 pages it’s certainly a detailed document, but it’s worth also looking at the Appendix on modelling. In “Modelling occupation changes in Australia”, the CSIRO identified 4 different work activities: Knowledge, Influencing people, Machines and Movement, Personal Services. In the first model, skills are noted …