The reality is that employing an accountant in Australia comes at a considerable cost (roughly around A$56,000 per annum).

However, in today’s digital and borderless marketplace, there are many options for those needing accounting work, such as hiring professional accountants working remotely from lower cost markets like the Philippines. The cost of living in the Philippines is roughly 60% lower than in Australia, hence the lower labour cost. Though it would be less costly to hire remote accountants based in the Philippines (A$22,200 per year, on average), the skill level of remote staff and their competency are comparable with Australian talent.