Will the rise of the Gig economy hit Australian compliance, or outsourcing?

David CarterOutsourcing

Will the rise of the Gig economy hit Australian compliance, or outsourcing?

It was interesting to note the Australian economists remarking on the Australian economy earlier this year note that in January there was a 16k increase in employment consisting of a 50k drop in full-time employment and a 66k increase in part-time work. At that time the economists were estimating a 20k increase in employment. It’s interesting to think further on … Read More

The (Accounting) Outsourcing/Offshoring.. Firm of the Future…Part 2.

David CarterOutsourcing

The (Accounting) Outsourcing/Offshoring.. Firm of the Future…Part 2.

With the competition for offshoring and outsourcing heating up, we thought it might be a good time to look at the future of offshoring and outsourcing. Last week we look at the trends we believe will impact the future of work completed offshore. Taking these trends into account, we put down our thoughts on what these trends actually mean for … Read More

The (Accounting) Outsourcing/Offshoring.. Firm of the Future…Part 1

David CarterOutsourcing

The (Accounting) Outsourcing/Offshoring.. Firm of the Future...Part 1

With the competition for offshoring and outsourcing heating up, we thought it might be a good time to look at the future of offshoring and outsourcing. In looking at the firm of the future, there are several obvious recent trends that will impact the future of work completed offshore. Amongst these trends are: Mobility of workforce. Previously many foreign students … Read More

Offshoring is Bloody hard

David CarterOutsourcing

Offshoring is Bloody hard

We spoke to an accounting firm and they were talking to us about their experience in the Philippines. They were talking to the Odyssey as they were having a person going on maternity leave and wanted something initially temporary in place, but it might grow to be full time. They’d hear about the Odyssey at a conference last year from … Read More

What Australian accountants are really thinking about Outsourcing

David CarterOutsourcing

What Australian accountants are really thinking about Outsourcing

Outsourcing has been in the news recently, and online comments on what Australian accountants are thinking about outsourcing are quite enlightening. So what are they actually thinking? Trolling through some Australian online sites, we’ve found some interesting comments. Australian accountants are: concerned about the impact of outsourcing have seen poor work quality Have concerns that the foreign worker does not … Read More

Mediocrity and the offshore worker

David CarterOutsourcing

Mediocrity and the offshore worker

There is a large amount of Australian compliance work being done overseas, and recently there have been cheaper “offshore” offerings by labour hire firms. These labour hire firms tend to offer a controlled offering, which seems to be accepted in line with the traditional business model some accountants understand and prefer. Newer accounting business model adoptees are ok with the … Read More

2018 – the year to bring Bookkeeping back inhouse, and outsourced.

David CarterOutsourcing

2018 The year to bring Bookkeeping back inhouse and outsourced

Bookkeeping has been on the backburner for quite some time. A lot of accountants have been focused on the complexity of compliance, the cloud, digitization, and automation. At the same time, there’s been a battle in the SMSF arena as the competition heats up, and not just between accountants who have been outsourcing overseas, but also with newcomers in the … Read More

The Top 9 reasons why your Accounting firm probably isn’t Outsourcing

David CarterOutsourcing

The Top 9 reasons why your Accounting firm probably isn’t Outsourcing

As you’ve probably seen from our blog postings, there are plenty of benefits of outsourcing accounting and tax compliance. However, we’ve also seen a lot of people come up with excuses as to why accounting outsourcing won’t work for their firm. So we thought this week we’d give you the “Best of the Best” excuses about why people haven’t gone … Read More

3 Tips to make Outsourcing a success…

David CarterOutsourcing

3 Tips to make Outsourcing a success

From the past year we’ve identified 3 tips important to making outsourcing a success: Tip 1. Select a large Outsourcing services provider who has plenty of experience in the marketplace, and plenty of resources to allow you to expand. Whilst the newer comers into the Outsourcing space might seem attractive, the lower cost usually comes at a price. The lack … Read More

Offshore workers not equal: the importance of a good due diligence.

David CarterOutsourcing

offshore-workers-not-equal

More recently we’ve been blogging about the desire of offshore labour providers (offshoring) to have above market remuneration and conditions, which allows them to pass on the (hidden) cost of these conditions to the client, usually the Australian accounting firm. We were recently exchanging communication with an offshore services provider in the Philippines recently related to our blog on Offshore labour … Read More