The Market Leader in Outsourcing for Australian Accounting Firms
Ho Chi Minh City, Viet Nam
Joined May 2012
- Tweets3.4K
- Following988
- Followers416
- Likes64
Pinned Tweet
How's Odyssey able to provide same-day SMSF service without sacrificing quality?
In moving towards the goal of “same day” service, there were several longer term components: streamline training, ongoing hiring, new infrastructure, new systems, administration, & operations staff.
AI helps accounting firms work faster, so why are teams still overloaded?
The bottleneck may have shifted to senior review and sign-off.
Discover how better workflows, technology and outsourcing can turn AI productivity into real capacity.
odyssey-resources.com/2026/1…
It was a pleasure to welcome Benny, one of our long-standing clients, back to our office! We enjoyed catching up and sharing a delicious lunch.
Thank you, Benny, for your continued trust and partnership. Here's to more milestones and shared success ahead!
Great to catch up with our long term client Benny from Melbourne. Tomorrow he will have lunch his full time staff members. Thanks for a great evening.
Westpac reports AI use in employee workflows rose from 14% in January to 72% in August. 5 operational agents are estimated to remove 250k manual activities and free 150k hours a year.
For accounting firms: which recurring task would you redesign first?
afr.com/companies/financial-…
Accounting tech is moving from disconnected tools to connected workflows. AI can take on routine tasks, but review and accountability still matter.
The real productivity test: fewer hand-offs, with work visible and reviewable. Where does your firm still re-enter work?
The TPB’s enhanced sanctions regime took effect on 1 October 2026, adding civil penalties for Code breaches and new enforcement tools.
What tax practitioners need to know: tpb.gov.au/enhancing-tpb-san…
AI may reshape accounting teams—not replace them.
Xero found that 88% of Australian practices don’t expect AI to reduce team sizes over the next year.
The bigger challenge for firm leaders: prepare people for changing roles.
xero.com/us/media-releases/a…
AML readiness goes beyond identity checks.
75.4% of businesses surveyed thought VOI alone was enough, yet only 34.3% were genuinely ready across governance, risk, training and daily practice.
Read more: accountantsdaily.com.au/tech…
The problem may not be workload. It may be the workflow.
Poor processes can lead to slower handoffs, duplicated effort and less visibility over where work sits.
Sometimes, better efficiency starts with a simpler process.
#AccountingWorkflow #AustralianAccountants
AI may not make accountants less valuable — it may make professional judgement more important.
As AI handles more routine work, firms can redirect time to review, complex decisions and stronger client conversations.
Read more: accountingtimes.com.au/techn…
Growth isn’t just about winning more work. It’s about protecting what matters as you scale: quality, review, client relationships and clear oversight.
More capacity should not mean less control.
#AustralianAccountants #AccountingGrowth #OdysseyResources
Australia’s accountant shortage is becoming a capacity challenge.
As experienced talent gets harder to find, firms may need to look beyond “How do we recruit faster?” and ask: “How do we build capacity differently?”
Read more: odyssey-resources.com/2026/0…
Industry pulse: Capacity problems aren’t always caused by a lack of staff.
In many firms, the real bottleneck sits at review, where work queues up with managers or partners.
Growth depends on workflow design, not just headcount.
Where does work get stuck in your practice?
AI can change workflows. It doesn’t change accountability.
The TPB’s final guidance is a reminder for firms to know where client data goes, how it’s handled and what permissions are required before using AI tools.
Responsible AI starts with responsible data handling.
Learn more: accountantsdaily.com.au/tech…
Another compliance deadline worth having on the radar.
ASIC’s 2025–26 industry funding annual return is now open, with submissions due by 24 September 2026.
For regulated entities, staying ahead of the annual cycle matters.
More from ASIC:
asic.gov.au/about-asic/what-…
Great to welcome Jake, Thea, and Stephanie to the Odyssey office!
It was a valuable opportunity to catch up, meet members of our CTPI and Bookkeeping teams, and share a closer look at our working environment.
Looking forward to achieving more together.
Australia’s Payday Super is now in effect, with new rules for the transition.
The ATO has finalised guidance on unpaid, excess and late super contributions during the transition, including June quarter payments made after 1 July 2026.
Learn more: accountantsdaily.com.au/supe…
