25

Jul 2019

business-owners-have-it-wrong

Accounting business owners model is all wrong. Why hiring full time staff isn’t making sense in the using economy

By: Odyssey Outsourcing
Tags: accounting, Outsourcing, SMSF outsourcing

This week we’re looking at the full time employment model, which is the model most people are probably used to. You know, the one where you grow up, maybe go to uni (or take on a cadetship while you study), then graduate and get a job. And that job is a full time gig. 40 hours a week plus or …

11

Jul 2019

why-micromanaging-is-wrecking-your-australian-accounting-firm

Why micromanaging is wrecking your Australian accounting firm

By: Odyssey Outsourcing
Tags: Australian Accountant, micromanagement, Outsourcing

This week we’re talking about micromanagement by Australian accounting firm owners.  We’ve all read the negatives associated with micromanagement, which is, for Australian accounting firms, one step removed from doing the work yourself. There are still plenty of Australian accounting firm owners who love nothing more than getting on the tools and getting out a tax return. And there’s plenty …

04

Jul 2019

the-top-5-regrets-when-your-accounting-career-is-over-hint-they-arent-what-you-think

The top 5 regrets when your accounting career is over. Hint: They aren’t what you think

By: Odyssey General
Tags: Outsourcing, preparing for retirement, work life balance

Though it’s been around for a while, we frequently see on the social media the “The Top 5 Regrets Of The Dying”, and no, we aren’t talking this week about the death of compliance. We’re talking this week about the ability to stop for a moment in our day, not put our heads down and start at our iPhones, and …

27

Jun 2019

how-to-evaluate-outcomes-of-using-the-outsourcing-service-provider

How to evaluate outcomes of using the Outsourcing Service Provider

By: Odyssey Outsourcing
Tags: Outsourcing

Following the post-implementation review step, you should now evaluate the outcomes of the project to decide your next move in outsourcing. Whether the outsource agreement should be renewed, transferred or exited depends on how you identify the achieved outcomes. You should answer 4 questions below: What was the rate of productivity improvement? Did the transition meet expectations? Were staff time …

04

Apr 2019

Free up local staff

Is it time to Free your mind, and your staff … from Australian accounting and tax compliance work?

By: Odyssey Outsourcing
Tags: compliance, low cost, low staff turnover, Outsourcing

Australian outsourced tax preparation outsourcing services can help public accounting firms of all sizes. Particularly, outsourcing allows smaller practices to compete with the same quality as larger firms that have invested more heavily in training/systems/procedures. While both outsourcing and offshoring offer lower costs, outsourcing provides significant more benefits. Outsourcing allows firms to offer more interesting and varied and challenging work …

20

Dec 2018

What kind of services can accounting firms Outsource?

What kind of services can accounting firms outsource?

By: Odyssey Outsourcing
Tags: Accounting services, Australian compliance, Outsourcing

Accounting firms normally outsource the business activities related to accounting, taxation and bookkeeping compliance. In the digital age, many firms are considering the outsourcing of other ancillary services such as marketing, sales and administration. The checklist below will help you identify which areas and which services you wish to outsource. Accounting function services Accounting compliance is the usual standard service …

25

Oct 2018

Practice management series - 1

The top 5 Benefits of Outsourcing your Australian Accounting, Taxation and Bookkeeping Compliance to an Experienced Offshore provider

By: Odyssey Outsourcing
Tags: benefits, Offshoring, Outsourcing

Outsourcing is not new. It derives from the economic principle of comparative advantage. CPA Australia released several great checklists back in October 2016, with lead author by Odyssey’s David Carter. The checklists in these series allow Australian accountants looking to use or provide outsourced services to cover many of the important aspects of outsourcing. This week we look at the …

11

Oct 2018

6 Reasons why you should outsource

6 Good Reasons to outsource your Australian Compliance work to an expert

By: Odyssey Outsourcing
Tags: Australian compliance, Change, Outsourcing

Outsourcing (and not offshore labour hire) can bring many benefits to your business. It’s critical that business owners remain alert and agile to ever present changing market conditions. Outsourcing now is a business norm, and yet there are still a few Australian accountants not yet fully into Outsourcing. With change an ever constant, especially not only as we’ve recently seen …