Why outsourcing is critical for your retirement nest egg

David CarterOutsourcing

Why outsourcing is critical for your retirement nest egg

I spotted this interesting article last year on an investment site, where some 48 experts have been asked the question: “How much money do you need to retire ?”, and for our accounting brains that are used to answers down to 2 decimal places, the answers are pretty shocking. The short answer is “it depends”, and the range of amounts … Read More

10 key reasons why Bookkeeping outsourcing is critical for Australian accounting firms

David CarterOutsourcing

10 key reasons why Bookkeeping outsourcing is critical for Australian accounting firms

There has been a lot of movement into bookkeeping by Australian accounting firms, and this has been well documented in the past year. As compliance moves into the cloud and is automated, it is now more critical that Australian accountants extend their influence and ability into areas of current concern, where their role of trusted adviser can best be utilized. … Read More

An Australian Accounting perspective on Outsourcing

David CarterOutsourcing

An Australian Accounting perspective on Outsourcing

As outsourcing gains momentum in Australian accounting firms, there still continues to be a dearth of independent research on the use and success of outsourcing. Of particular concern is the scarcity of research into human resource issues through outsourcing. This is compounded by the complexity of the different models of outsourcing domestically and offshore, along with different ownership models adopted … Read More

2017 Good, Bad, Ugly Poll Results Analysis

David CarterPublication

2017 Good, Bad, Ugly Poll Results Analysis

This year’s Good, Bad & Ugly Insight poll has recently been released. The 2017 poll generated data on rates and pricing across Australian Accounting firms, which paints a generally optimistic future of how Australian accountants see the year ahead. The impacts on and challenges to the industry seem to be both evolving and staying the same. For the fourth consecutive year … Read More

Offshoring versus Outsourcing? Why the confusion remains

David CarterOutsourcing

Offshoring versus Outsourcing? Why the confusion remains

Our CEO was visiting a client in Canberra the other day, and discussion invariably ended up mentioning the aggressive pursuit by offshore labour providers in the Philippines.  The question then had to be asked: why are some firms considering the Philippines labour hire solutions, while other firms are knocking them back and working with Outsourcing offerings. The response was: Offshoring … Read More

The Legal market pulse. Exploring alternative business models including outsourcing

David CarterPublication

The Legal market pulse. Exploring alternative business models including outsourcing

The Commbank Legal Market Pulse has some interesting reading for Australian accountants, especially in the compliance area. Australia’s leading law firms are moving into, and responding to, a rapidly changing market. The changes are brought about by intensifying competitive pressures, with subdued revenue growth, margin compression, and increasingly demanding clients. This is compounded by continual price negotiations, the increasingly competitive … Read More

The Millennials Takeover! Millennials in the workplace

David CarterGeneral

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 … Read More

TPB rattles Outsourcing and Offshoring Users. Draft practice note released

David CarterOutsourcing

TPB rattles Outsourcing and Offshoring Users

A few days ago the Tax Practitioners Board (TPB) released draft Practice Note TPB(PN) D38/2017 to provide practical guidance and assistance to registered tax practitioners in understanding their obligations under the Code of Professional Conduct in relation to the use of outsourcing and offshoring. It should be noted that this is a draft practice note, and submissions and comments are invited … Read More