In a recent talk, Michael & Rosanna shared their “life-changing” experience and insights on efficiently running their boutique accounting practice utilising Odyssey’s outsourced services.
The Essential Guide to Offshore Accounting for Australian Accounting Firms
Offshore accounting has emerged in Australian accounting industry for many years. This is a complete guide on what it is, how it works and what to consider.
AI and ChatGPT in Accounting Practice: The Capabilities and Ethical Implications
Unveil work functions utilizing AI – ChatGPT in accounting industry and explain relevant ethical concerns that makes accounting firms hesitant to adopt.
How Inflation Directly and Indirectly Impacts Australian Accounting Firms
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 …
Why you may never need to lodge a tax return again
Recently the Australian tax office postured that eventually there would be no need to lodge tax returns, as the ATO moves to a system of automatic data exchange which will end the annual lodgement requirements. Before we throw this thought as impossible, it’s worth considering Australia’s tax system versus other tax systems. In some other countries, the employer is responsible …
Australian accountants are on notice: workers at home are to be replaced by robots
It’s hard to imagine in this never ending climate of tax changes, but there’s a clear vision that some workers are going to be replaced by automation. While frustratingly many of us spend hours on the phone clicking through the many options to get us to a real human, or struggling with the Customs lines on arrival into Australia, it …
Why a $50,000 pay rise probably won’t secure you an accounting resource
More recently there has been news articles of the high salary increases demanded and received by accountants and IT workers who are in short supply in the economy. There was an article mentioning that $50,000 was the starting point to attract a resource, but it might not be enough to seal the deal. There have been rumblings in the area …
The Australian accounting shortage is likely to last 7-10 years
Australian accounting staff shortages are likely to exist for 5 plus years, and one pundit recently suggested a shortage stretching from 7-10 years. This staff shortage requires accountants to rethink what services they should offer, and which clients they should be servicing. With an ongoing shortage of talent in this space, paying to attract employees and retain the best ones …
