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 …
Accountants go offshore to boost profits
“Cost pressure and labour constraints are forcing accounting firms to use low-cost offshore providers for basic compliance work this tax season. Accountants are paying offshore service providers between 15 per cent and 20 per cent of the equivalent local rates for basic tax returns, superannuation returns, the preparation of financial statements and business activity statements.” The author, Agnes King, interviewed …
