Author: Georgia Kirby

Christmas can be a big burden financially, with gifts, parties and festivities, the dollars can add up. Below are some simple tips you can implement to ease the strain on your wallet this holiday season.…  Read more

As we approach the end of the year, most businesses are planning to close over Christmas time. Before you know it there will be a list of things to deal with prior to a planned…  Read more

As a business owner, you may be wondering what qualifies as a business expense? The Australian Tax Office (ATO) dictates three rules to follow when questioning is something can be claimed: The expense must be…  Read more

Although we are in a post-COVID normal, many business owners and employees still work from home in some capacity. This incurs additional costs that can be deductible at tax time. However, you can’t claim everything,…  Read more

As an accounting firm, we understand that it can be hard to stand out amongst the crows. But here at XO Accounting, we pride ourselves on ensuring you get the most our of your business…  Read more

Tax time is fast approaching, so it’s important to know what you can claim. One category you may not think about is clothing and grooming. The ATO has several stipulations for whether you can claim these,…  Read more

End of financial year is a good time to review different aspects of your business and plan how you want to move forward in the new year. You have a years worth of data to…  Read more

If you are a foreign business owner looking to establish your company in Australia, it is a regulatory requirement to have at least one director who is an Australia resident. XO Accounting can provide this…  Read more

With the end of financial year quickly approaching, it’s important to get your tax information together early. Use the checklist below to ensure you are well prepared before visiting your accountant. Income PAYG Summaries Pensions…  Read more

Sales are Not Profit The biggest mistake for start up business owners is assuming your sales are profit. Sales are what comes into the business, whereas profit is what is left over after all necessary…  Read more