Australian Accounting Compliance workplace experience is needed to fight the rise of the machines!

David CarterAutomation

Rise of the machines

We live in a dramatically different world that is different because of globalization and technology.  Outsource your work to a quality company like Odyssey, and get on with adopting new technology. Your future, and your children’s future, depends on it! As we head into this New Wave of industrialization, there is a need to look at not only where the compliance … Read More

The Fourth Wave of Industrialisation, and its impact on Australian compliance work.

David CarterAutomation

The fourth wave

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 … Read More

Australian compliance: Automation and unemployment increasingly likely

David CarterAutomation

Australian compliance: Automation and unemployment increasingly likely

During the Australian Christmas break we thought we’d reach out into some holiday reading. “Inventing the Future: Postcapitalism and a World Without Work” by Nick Srnicek and Alex Williams, touches on some interesting concepts, which are particularly relevant if the apocalyptical end of compliance is even half way true. In this book, Nick and Alex put forward that Automation and … Read More

The future of Australian Tax Compliance… Why Gen Y find it hard to engage

David CarterAutomation

With Automation likely to impact compliance in the near future, and offshoring impacting compliance now, this week we look at Gen Y’s engagement with the future of compliance. There has been plenty of discussion about offshoring and automation affecting compliance, and particularly where the new “Middle Managers” will be found in 3-5 years if graduates aren’t being engaged and recruited … Read More

Changes to SMSF Compliance… More reporting, more automation

David CarterAutomation

Changes to SMSF Compliance... More reporting, more automation

A couple of days ago an interesting video was released of the discussion between Ron Lesh of BGL and Peter Switzer. In the video there is plenty of discussion about the changing laws and reporting requirements for SMSF’s in Australia, and the fluid and every changing nature of SMSF’s and SMSF reporting. The ever changing SMSF laws have been the … Read More

The Future of the Professions – Commoditisation and Automation all around

David CarterAutomation

The Future of the Professions - Commoditisation and Automation all around

We had an Australian lawyer visit our office the other day. This is pretty unusual, especially as we’re pretty much just about accounting for accountants. Anyway, he’d been referred by his friend, an accountant, who said he should look us up if he was ever in Vietnam. He’d more recently been feeling the pressure of the legal profession, and the … Read More

New accounting software with Big data analysis is here

David CarterAutomation

I had a chat last week with a gent from a small company that had created some new and quite exciting accounting software. What was interesting was that the gent was pretty much running the whole show by himself. He’d identified a niche market, which in this case was freelancers, and he had developed accounting software to support freelancers. And … Read More

How accountants will survive automation

David CarterAutomation

Remaining relevant suddenly takes on a sense of urgency with recent automation releases. It’s pretty obvious by now that clients aren’t going to pay for someone to regurgitate the tax code, when they have access to the same tax code online. Firms building their own compliance teams offshore are headed in the wrong direction. The push should be into automation, … Read More

Goodbye to Compliance Jobs, but will Robots meet with your clients?

David CarterAutomation

Goodbye and Good Riddance to Compliance. But just how far will robots and automation shave off the compliance workload. And will robots meet with your clients? In mid last year there was excitement on the release of robots which mimic human walking habits, with videos released of the humanoid Durus. Later last year a massive 4 metre Avatar like robot was built in South … Read More