Why outsource?
Every partner dreams of spending less time "in" the business and more time "on" the business.
Dreams of spending less time on compliance, dealing with compliance issues, demands from the ATO, dealing with clients using different accounting systems and staffing issues.
Dreams of spending more time on the bigger picture and the things that helped them succeed in the first place.
Until now, those dreams have rarely been realised. Australian Accounting firms, from Sole Practitioners to multi-partnered National Firms, are also under pressure from Clients who want the certainty of fixed fees. However, this often results in costly write-offs when jobs take longer than expected.
Outsourcing enables firms to provide a better advisory service, control costs and have a flexible core compliance workforce. Accounting software companies such as Xero or MYOB are investing in technology and syncing with external data sources, but they stop short of doing the work for you. That is why there has been a global move to outsource to trusted providers who can deliver quality outcomes on time for substantially less than the in-house cost.
SIX BENEFITS OF OUTSOURCING YOUR COMPLIANCE ACCOUNTING
For more information, go to our Resources Section