In Mid May Bitcoin surged up to $1,900 and Bitcoin now sits at around $2,141. Going back only 4 years Bitcoin traded at $14. This has been a rise of 153 times the original $14. Certainly if you are reading this then likely you didn’t purchase Bitcoin at $14! Wikipedia lists 24 other crypto-currencies, the most recent being Zcash. You …
Is a black swan event just around the corner for Australian compliance?
With Mother’s Day just past there has been some interesting online discussion about the commoditisation of the florist industry. There are many similarities to the “Commoditisation of Compliance”. We are all familiar with Airbnb, Uber and the other connectors in the industry, and their margins are well known. Airbnb offers a more unique product while Uber offers a transport which …
The Ethical dilemma of offshore providers supporting non registered tax agents
Had an interesting phone call today. Odyssey was called by an Australian accountant who was wholesaling to other Australian accountants. The conversation progressed well and they were impressed by our business model, pricing and reputation for quality. They particularly liked our ad hoc approach to receiving jobs. Afterwards as we moved towards preparing a services agreement for them we ran …
Australia’s new data breach notification laws. Are your suppliers ready?
With an increase in data now on the cloud, and a number of third party services providers assisting Australian accountants, it’s a good time to look at the ever changing laws on data breaches. More recently, there was the “Can you hear me” scam reaching Australia. The scammer only needs to record you saying “yes” over the phone. The intention …