It seems more disruption is on the horizon, though of course some days it feels like it is changing faster than others. We’ve already been told the accounting graduates of 2017 are not like they used to be, and there are plenty of stories about what is important to new graduates. Not only is it important to find out what …
The slow fuse of Australian Accounting and Taxation Compliance disruption
There must be many out there questioning where all the promised disruption is. Sometimes it seems like a slow burning fuse. Everyone seems remarkably focused on disruption, and new business models, that it’s a bit like peering at the dawn waiting for the impending attack. Anyone who’s actually stared at the dawn light knows that dawn isn’t punctual, and can …
It’s all about the teamwork
When I was younger I played Rugby. A lot of rugby. And in a sports minded Australia, Rugby was good. I eventually had to choose between Accounting and Rugby as I headed into University. Yes, a lot of non-accountants might question that decision. Just heading into first year University I was still playing Rugby. Playing for my Club, playing for …
The Millennials Takeover! Millennials in the workplace
For those that missed it, there is an interesting interview with Simon Sinek was released regarding “Millennials in the Workplace”. For those of you that missed this video, click here for the link. What’s interesting is that there are almost 7.4 million views of the link above, with 62,000 giving a thumbs up and 3,000 giving a thumbs down, and …
Millennials start to make their mark
We thought we’d start off with a joke from the Edinburgh fringe festival this week, which appropriately is about change. “I’m not a fan of the new pound coin, but then again, I hate all change”. Certainly Australian accountants must be getting used to seeing change as a constant in the social media, newsletters, emails and various other media assaulting their …
5 Threats to Australian compliance work today
In this blog we put down our thoughts on the 5 big threats to the future of Australian compliance. Software houses and Artificial Intelligence Starting the countdown from the most important threat (I guess that means we have the drumroll first), is Software houses and Artificial Intelligence. We put these at the top of our list, and research shows that …
Finding work life balance for Australian accounting firm owners
Looking at the next generation entering the workforce the older generation frequently comment “things were different” when they entered the workforce, and that older generation were lucky to have a job. That older generation probably forgets that each new generation is accused of being less resilient than the previous generation. Certainly it can’t be denied that a “job for a …
Selling the Accounting practice ball and chain… Thoughts part 2
We thought this week we’d start off with a great Getty image of an accountant at a beach. Then as the dream of the beach disappears (sorry) we thought we’d recount a recent conversation we had with an Australian accountant. This accountant was a principal of a firm in Perth. He was a part owner, with other major owners being …
Selling the Accounting practice ball and chain… Thoughts part 1
As many Australian accountants come to considering when to sell up their main asset of their working life, their accounting practice, it’s interesting to see how people start to consider readying their practice for sale. As Odyssey has been providing outsourcing services to Australian accountants for over a decade, we’ve seen a few accountants sell up their practice or consider …
Forecasting the future of Australian Compliance
Nassim Taleb was credited with the black swan theory and indicated that the black swan event depends on the observer. So in respect of the turkey and the butcher, the outcome is the same, but the event is not a black swan event to the butcher. The object then is not to become the turkey. A turkey is fed for 1,000 …
