Jun 2016

Capacity planning… We don’t need no capacity planning

By: Odyssey Outsourcing
Tags: Capacity planning, Offshoring, Overseas outsourcing, SMSF outsourcing, tax outsourcing

Or perhaps it was badges we didn’t need… With a nod to the 1927 novel “The Treasure of the Sierra Madre”, we head off to discuss the hotly contested issue of capacity planning. Wikipedia notes Capacity planning as the process of determining the production capacity needed by an organization to meet changing demands for its products. Capacity planning is normally raised …


Jun 2016

Lessons for accountants from the mattress industry

By: Odyssey Publication
Tags: 300% markups, Destablisation, huge profits, Offshoring tax returns, online

Just last week there was a news article that spoke about the indignation of some customers hearing that mattress companies had 300% markups, huge profits, and hundreds of near identical mattresses sold under different names and prices. The mattress article above mentioned beds that retail for $10,000 are being made for as little as $1,500 overseas. That is, the manufacture cost …


Jun 2016

Australian Accountants are using offshore outsourcing

By: Odyssey In the Press
Tags: APESB, compliance, Offshoring, Outsourcing

Just last week a news article came out with the heading: “Australian accountants are using offshore outsourcing” In an era where newspapers search for newsworthy news, this might be as shocking as it gets in the accounting world. The first interesting question is why, after a week of the article being online, there are yet no comments. Perhaps this isn’t …


Jun 2016

Periscope, drones, and annual compliance

By: Odyssey Cloud
Tags: compliance, drone technology, Outsourcing

If you’ve been watching the news in Australia recently you’ve probably noticed, if not been amongst, some pretty ordinary weather recently. If you think of the way we now receive information, there have been huge remarkable changes in the past 20 years. It’s difficult to imagine many people waiting for the local evening news on television.  So while some look …


Jun 2016

Joining the Dots… Decision making for a new era

By: Odyssey Publication
Tags: C-level executives, Management Accounting

Now that accountants have been advised of the need to rely less on compliance revenue, there is a lot of talk around pushing into new areas to support their clients, with business consulting being one of the newly touted revenue streams. At the same time, it’s worth looking at Management accounting, the oft overlooked relative. The AICPA and CIMA have been …