Executive Summary

With the Australian financial year ending on 30 June, firms emerge from the annual compliance rush only to face new planning and resource challenges. This insight explores how accounting practices can leverage offshoring strategies to maintain momentum, manage talent shortages, and position themselves for a stronger year ahead. Drawing on data from CPA Australia, Deloitte, and the Australian Financial Review, it provides practical steps for integrating offshore teams to reduce burnout and improve profitability

Post-EOFY Reality: Relief Meets New Demands

The close of the Australian financial year brings temporary relief, but July signals the start of fresh obligations: advisory work, new client onboarding, and strategic planning for the next 12 months. According to CPA Australia’s 2024 Firm Survey, 68% of public practice firms report ongoing difficulty recruiting qualified accountants, while client expectations for year-round advisory services continue to rise

Why Offshoring Belongs in the New-Year Playbook

Forward-thinking firms are no longer viewing offshoring as a stopgap but as an integral part of their annual staffing strategy. Deloitte’s 2024 Global Shared Services and Outsourcing report shows over 55% of Australian mid-tier accounting firms now offshore routine compliance and bookkeeping tasks.

Benefits include:

• Seasonal Flexibility: Scale teams up or down based on quarterly workloads.
• Cost Efficiency: Offshore staff can reduce operating expenses by 30–40% while maintaining quality.
• Advisory Focus: Local teams can devote more time to higher-value consulting and client relationships.

Reducing Burnout and Retaining Talent

Burnout after EOFY is a persistent issue. A 2024 Australian Financial Review feature reported that firms adopting offshore support experienced a 25% decrease in post-June turnover among senior staff. By redistributing compliance wor1. Review the Past Year’s Workflows: Identify bottlenecks and tasks suitable for offshore delegation.

Action Steps for a Smooth New Fiscal Year

1. Review the Past Year’s Workflows: Identify bottlenecks and tasks suitable for offshore delegation.
2. Select the Right Partner: Prioritize providers experienced in Australian tax law and data security.
3. Start Integration Early: Onboard offshore staff in Q1 to ensure a seamless transition for peak BAS and quarterly reporting periods.

The Bottom Line

The end of the financial year isn’t an end at all—it’s the beginning of new opportunities and challenges. Strategic offshoring helps Australian accounting firms maintain momentum, ease talent pressures, and deliver consistent value to clients throughout the year.

Global Staff Connections

After the rush of EOFY, accounting firms that adapt their workforce strategy are best positioned for steady growth. Thoughtfully managed offshore staffing can ease burnout and protect margins throughout the year. Global Staff Connections provides guidance for firms ready to explore that path.

Sources

• CPA Australia (2024). Public Practice Survey.
• Deloitte (2024). Global Shared Services and Outsourcing Report
• Australian Financial Review (2024). Talent Pressures in Accounting: Post-EOFY Insights.