Tag: xero accountant

When you’re a small business owner, you get used to people giving you advice. Sometimes you seek out their insights while other times they share whether you want them to or not. While the advice…  Read more

Every small business owner knows how challenging it is to cut down expenses without somehow compromising internal or external quality. The first step to reducing your overhead costs is to evaluate every single expense you…  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

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

Businesses usually incur two types of costs: variable and fixed. As a business owner, it’s important you understand the difference and what it means for your business. Variable Cost Variable costs are expenses that differ…  Read more

When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do. Charge too much and you could scare away…  Read more

If your business doesn’t prioritise volunteering for a good cause, here’s why you should. Giving back does more than make a difference in your community. Participating in charitable activities can have a positive impact on…  Read more

Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow:…  Read more

On Tuesday night the annual federal budget was released, but what changes did it promise and what does that mean for you as an individual or business owner? We’re determined the key tax and business…  Read more

I was trying to demonstrate how the accounting industry and accounting function in business has changed in past years so we came up with this illustration.(Copyright 2013. All Rights Reserved)