Unveil hidden impacts of inflation on Australian accounting firms. From major problems to unexpected challenges, grab key takeaways for your firm’s success
Australian Accountants Get a Life
Australian accountants: get your work under control with outsourcing, and start enjoying life!
Problems With The Offshore Labour Hire Model
I spoke to the director of an Australian firm last week who had staff resource issues, and he’d indicated he had both bookkeepers and compliance staff in an offshore location. He’d had these staff for a couple of years and had trained them up in both SMSF and compliance (company, trust partnership, sole trader and individual returns). This firm had …
Remote working seems to be here to stay during challenging talent acquisition times
The AFR recently noted that Bosses no longer mind (much) if you work from home and this seems to be driven from a recent survey which noted the top concerns of senior executives included: Employees working from home occupied a health 3rd position in the prior year’s survey, likely due to the unsettling times as a result of covid, coupled …
Coronavirus Compliance finding: Your staff can work from anywhere, will the Australian exodus commence?
Over the past several months in Australia we’ve seen several things in the Australian compliance area: Australian compliance accountants are equally able to work from home as they are in the office, with little productivity losses. If anything, the time saved in long commutes to and from work has been a blessing. During difficult times, of which we seem to …
Australian tax and accounting compliance Outsourcing forecast to increase 75% from 2020 to 2022
Commbank released their June 2020 marketing pulse recently. Most interestingly Australian tax and accounting compliance Outsourcing forecast to increase 75% from 2020 to 2022. As a direct result of their coronavirus experience, 21% of firms responded that they would increase their use of contractors and outsourcing. Many firms had invested in cloud technology and made the transition to working from …
Australian Accounting firm: Which outsourcing model can work best for your business?
Outsourcing your Australian compliance work to overseas is an important undertaking. If done properly, it can greatly improve the way you do accounting business and give you a more competitive advantage. With the time, money, and resources you will invest, you need to ensure that you get your money’s worth. Let’s quick go through the checklist below to choose the …
Selling your accounting firm: who is responsible for the retention of documents for past tax returns
In this highly evolving and moveable world, we’ve seen recently several issues related to record retention involving tax agents who have moved to other software providers, moved from desktop to cloud, or sold their practices but then needed access to the data. Instances where tax agents needed access to the data included one accountants who had accepted the client after …
Australian accounting firm owners: It’s about managing Energy, not Time
A lot of the Australian accounting firm owners are hard pressed to manage the work they have inhouse, and come to talk to Odyssey when their growth is improving, or their resources shrinking in efficiency. And it may be that both may be happening at the same time. Earlier this week we spoke to an accounting firm owner whose bookkeeping …
Australian accounting firms: Firing clients the right way
We’ve all seen the silos of different client types: Type A – clients you love working with and are highly profitable, the kind of clients you’d go on holiday with.. Type B – clients you like working with and are profitable Type C – clients that are ok and you make some profit Type D – clients that cost you …
