The APES 110 Code of Ethics for Professional Accountants (including Independence Standards) has been in the news more recently as the SMSF Association has sought to secure an extension for the deadline by which auditors are required to comply with the amended independence standard defined by APES 110. There has been plenty of news, social media commentary, podcasts and discussion groups …
Overseas call centres returning to Australia: Lessons from the Telstra experience
Recently Telstra CEO Andy Penn announced Telstra aims to bring all of its call centres back to Australia within the next 18 months and allow more employees to work from home. Part of the reason for this is the declining call volumes: The number of calls Telstra receives has fallen from 50 million in 2016 to 15 million a year …
Australian Compliance Outsourcing: A healthier work-life balance solution for accounting business owners
Many people who start their Australian accounting business have chosen outsourcing because they want freedom. It might be freedom to make decisions or freedom around their time and choosing where and when they work. There is a temptation to do everything yourself, often because you feel the need to control everything. Eventually though, you realise you are better off hiring …
Key Criteria to choose a Right Australian Accounting Outsourcing Partner for your firm
During the festive season, many Australian accounting firms have closed and not work on their compliance jobs. In order to reduce the burden of deadlines after the holiday, Australian accounting firms can choose a better solution: outsourcing. Indeed, most of outsourcing firms in Asia countries like Vietnam still process work during the Christmas and New Year season. However, it is …
5 reasons why “Outsourced” Remote staff are outperforming local office workers
In a recent report, the number of people who say they can’t concentrate at their desk has increased by 16% since 2008, and the number of those who don’t have access to quiet places to do focused work is up by 13%. Office space design today seems to come with noises and other distractions that break concentration or inhibit the …
The Secret to Odyssey’s “same day” SMSF compliance service offer
To understand how Odyssey is able to provide a Quality “same day” SMSF compliance service offer, at no increased pricing than our normal SMSF processing, it’s worth quickly noting that Odyssey’s CEO started the move towards “same day” processing in 2016, with the culmination of this effort arriving mid 2020 with the announcement and launch of Odyssey’s “Same day” SMSF …
The Story behind Odyssey’s “same day” SMSF compliance service offer
It’s hard to believe that Odyssey’s 5 year plan to move their processing from 5 working days down to “same day” service was created at the start of 2016. To understand how Odyssey managed to provide a quality “same day” SMSF compliance service, it’s worthwhile to revisit the groundwork for this “overnight success”. Odyssey the company was setup in 1998 …
Roadmap for end of compliance: First the BAS, then SMSF, then the remaining tax returns
Bookkeeping BAS’s fully automated A couple of years ago we forecast that bookkeepers and other BAS related compliance areas would be impacted by the automation in bookkeeping, and that in our opinion there would shortly be a BAS button that the SME owner could press to lodge the BAS, thereby removing this valuable revenue stream for bookkeepers/accountants. At the same …
Accounting firms: How to effectively Outsource your SMSF work
Need to know the who, what, when, where and why of outsourcing your compliance work. But first, here’s the maths behind the argument that full time SMSF compliance workers don’t work, either locally or foreign hired. Australian accounting firm owners know that tax returns arrive in individual jobs, and at the same time the resources needed to be hired to …
Accounting business owners model is all wrong. Why hiring full time staff isn’t making sense in the using economy
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 …
- Page 1 of 2
- 1
- 2
