What Makes XO Unique
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
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
When you’re an entrepreneur, your to-do list is often long and constantly growing longer. There are an overwhelming number of things you need to do, and it can feel like they’re all urgent. In such… 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
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
As the end of the financial year approaches, it’s a good time to review and evaluate your current business practices. You first need to get organised and make a plan for the new year. There… Read more
The COVID-19 pandemic showed many companies that it is possible to continue operations while employees work remotely. Even as we return to a post-COVID normal, many companies and employees are continuing to do so, forgoing… Read more
Preparing for tax season is really a year-round endeavour. Tip number one for small business owners (SMB) is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, come… Read more
We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. After living through the COVID-19 lockdowns, we have come to realise that it is more… Read more