We’re seeing and hearing from our clients that some of them have been taken by surprise by the recent and quick move to lock down in Australia. Despite providing pretty much the same compliance services to the public, remote work for firms has been a huge range from “not a problem” to “very difficult”. For more progressive firm owners who …
Australian SMSF auditors: including the extra Coronavirus Disease (COVID-19) Notification
With the longer term impact of COVID-19 as yet one of the unknowns, there has been recent news regarding disclosure requirements for SMSF trustees who have not yet completed their 2019 financial year accounts. We’ve seen some recommendations related to the need to disclose the pandemic as a significant event in the “Events subsequent to Balance Date”. Accountants should be …
Odyssey Accountants 2020 – Celebrate the Past and Create the Future
During the past 10 years, it’s quite a decade of Odyssey. We had experienced our strong growth from the pioneer to become the market leader in outsourcing for Australian accounting firms. The achievements of Odyssey are the results of the companion of our clients and employees during this 10–year milestone. And we would like to express our thankfulness to all. …
Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm: Part 1 of 2 – Maximize Your Cost Efficiency
During the festive season, many Australian accounting firms will close and thus not work on their compliance jobs. In order to reduce the burden of deadlines after the holiday, Australian accounting firms can choose a better solution: outsourcing. Indeed, most of outsourcing firms in Asia countries like Vietnam still process work during the Christmas and New Year season. However, it …
Walls closing in
Accenture recently announced a shedding of significant staff, where the last shedding was almost 17 years ago. What’s interesting about this is that a week ago the firm Deloitte announced it is set to dissolve one of its six business units, Deloitte Private, an advisory arm aimed at small and medium enterprises and high net-worth individuals, and move its partners, …
Its ok for the 10% of what you love to change over the years
Last week we talked about finding that optimum spot in your working life. Our view is that work (and life) satisfaction comes from spending 90% (or more) doing the 10% that you love, and 10% of your time on the 90% other stuff. There needs to be downtime, but the most benefit in life comes from challenging yourself in the …
Why micromanaging is wrecking your Australian accounting firm
This week we’re talking about micromanagement by Australian accounting firm owners. We’ve all read the negatives associated with micromanagement, which is, for Australian accounting firms, one step removed from doing the work yourself. There are still plenty of Australian accounting firm owners who love nothing more than getting on the tools and getting out a tax return. And there’s plenty …
What your offshore workers really want… hint: it’s not cash
Forget the table tennis tables and the bean bags, the employees of today want a lot of different things, and it isn’t just cash. In this digital age, there’s certainly a lot of transition of employees after a year or two, and no end of consultants advising on what to do about ensuring your employees are engaged and happy in …
The Fourth Wave of Industrialisation, and its impact on Australian compliance work.
If you managed to attend Xerocon at the Brisbane convention centre recently, you might have noticed some pink flamingos in a ball pit, and other interesting goings on. Certainly the new cloud providers are expanding traditional accountants mindset, and challenging the status quo of traditional compliance! So for some it might not seem unusual on Day 1 of Xerocon for …
The 5 top reasons why “Outsourced” Remote staff are outperforming local office workers
In a recent Harvard Business Review report the number of people who say they can’t concentrate at their desk has increased by 16% since 2008, and the number of those who don’t have access to quiet places to do focused work is up by 13%. Office space design today seems to come with noises and other distractions that break concentration or …
