Boosting Competitiveness in Accounting: A Must-Read Edition

Boosting Competitiveness in Accounting: A Must-Read Edition

Two of the most pressing challenges facing accounting firms are the increasing demand for specialised skills heightened by the ongoing need for effective talent recruitment and retention. With evolving regulations and technological advancements, firms must adapt and attract top talent to remain competitive in the industry.

In this edition, we look at a case study who expanded their team offshore, fostering remarkable business growth, 7 mistakes accounting firms make with staff retention and essential insights for effective capacity planning in 2024.

FEATURED ARTICLES

D. S Audit Services in Victoria, Australia, began outsourcing with TOA Global during COVID-19, expanding their team in the Philippines from one to twelve, fostering business growth. Director Dinesh Nanayakkara SSAud highlights the transformation and improved work-life balance for business owners. Future goals include growing the offshore team to 20 members.

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Staff retention is a growing challenge for accounting firms. High turnover disrupts operations and results in recruitment costs and lost productivity. In this article, we'll uncover 7 common staff retention mistakes and how to address them to protect your business.

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Find out what you missed in our wrap-up video highlighting key moments and some of our world-class speakers as 200 firm owners transformed themselves and their businesses. Stay tuned for #TOAcon 2024 in idyllic Boracay, Philippines – where we’ll be taking this event to new heights! Recharge, reflect, and find those opportunities to transform yourself and your business.

WATCH

FEATURED PODCAST

Join well-known Aussie accounting industry podcasters, Aly Garrett FCA and Andrew Van De Beek FCA LIVE from TOAcon 2023 as they explore this year’s focus: Transform yourself, transform your business. Reflecting on keynote speakers and interviewing TOA Global CEO Nick Sinclair r they cover trends for 2024 and reflect on their highlights from the 2-day event, drawing inspiration from world-class speakers like endurance athlete Lisa Tamati .

LISTEN to All Aussie Accounting Adventures Podcast TOAcon Episode

INDUSTRY INSIGHTS

AccountantsDaily : Regional accounting firms are optimistic about their future but face challenges in recruiting and retaining staff, despite population growth in their areas. Discover how they're adapting and competing for talent in a changing work landscape.

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FEATURED RESOURCES

Examining Australia's pressing accounting skills shortage, the report delves into the growing demand for accountants, auditors, bookkeepers, and client service team members in the coming years. The report also sheds light on the state of the talent pipeline in the accounting industry highlighting some immediate solutions.

DOWNLOAD THE GUIDE

When considering offshoring, it’s important to ask those burning questions. From “How do I get my clients on board when I start offshoring?” to “What support does TOA Global offer during onboarding?”

Here are the questions we are asked most often.

READ THE FAQs

FEATURED WEBINAR

Ensure you have the right skills within your team for 2024 client needs, especially for practice leaders seeking quality and client-focused service. Eliminate capacity guesswork and free your firm up to seize opportunities in the upcoming year, including new services, improved tools, and client expansion.

Key Takeaways:

  • Emphasize the significance of capacity planning
  • Explore diverse capacity planning approaches
  • Understand the role of team structure in capacity planning
  • Uncover hidden capacity within your firm

REGISTER for the webinar with FYI

FEATURED SOLUTION

Access job-ready outsourced accountants with additional training in Australian standards and practices.

Forget the time and hassle of recruitment, we’ve done the hard work for you.

What you’ll get:

  • Dedicated employees.
  • Trained by Australian accounting professionals.
  • Accelerated speed to competency in Australian accounting practices: 260+ hours of training.
  • 2+ years of accounting or bookkeeping work experience.
  • Degrees in finance and accounting.
  • Xero Advisor & Payroll Certified.
  • QuickBooks Certified.

WHAT AN AUSTRALIAN-TRAINED ACCOUNTANT CAN DO

MEET OUR TALENT

Jeriza Pearl Janea works with an Australian firm and believes that the training and preparation she has received during her time with TOA Global has been instrumental in helping her adapt to working with international clients. Her more than three years’ experience as an outsourced accountant has helped her fulfil some of her lifelong dreams.

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ABOUT TOA GLOBAL

TOA Global provides highly skilled, offshore bookkeepers and accountants to 1000+ firms globally.

?? Find best-in-class talent at the level needed.

?? Increase your capacity while also saving the time and effort it takes to recruit and hire talent.

?? A global talent solutions provider with over a decade of experience exclusively serving the accounting industry.

Want to learn more about global talent solutions?

Get in touch with one of our specialists today.

Lead more confidently when you can rely on expert advice around payroll. ADP provides topnotch platforms and advice at the intersection of human capital management and outsourcing.? Firms in the professional services and financial services industries can vouch for how ADP helps them get payroll right.

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KRISHNAN N NARAYANAN

Sales Associate at American Airlines

1 年

Great opportunity

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