Navigating Your Financial Future with Kaleidoscope Accounting
Explore our latest blogs for insights, advice, and practical tips to support individuals and businesses on their financial journeys. At Kaleidoscope Accounting, we prioritise strong partnerships, offering clear communication and guidance to help you understand the evolving financial landscape.
Minimising FBT liability this holiday season
The holiday season is a time for celebration, but it’s also a time to stay mindful of Fringe Benefits Tax (FBT) when planning parties and gifts for employees. Here’s how you can minimise your liability while ensuring a memorable festive season. How to structure a Christmas...
3 things every small business owner should do
The start of a new year is the perfect time to reset and refocus. We know there are a million things competing for your attention, so you need clarity on what actually matters. If you're running a family business or small enterprise, here are the three high-impact actions that...
Get ahead: your mid-year financial reset
The middle of the financial year arrives faster than you'd think. One moment you're focused on getting through the first quarter, and suddenly you're halfway through. It's the perfect time to pause and give your business finances a proper health check. A mid-year review helps...
Make Your Accountant Your Small Business Ally
Running a small business often means wearing a lot of hats, but when it comes to your finances, it pays to have an expert on your side. A small business accountant (like us) won’t just keep you compliant with the ATO, they become a trusted partner in your business journey....
ATO Crackdown: What the New Tax Law Means for Your Business
Why now more than ever, you should pay your tax bills on time As the ATO implements a new law aimed at recouping $45 million in unpaid taxes, small businesses across Australia face increased pressure to meet their tax obligations on time. This law marks a significant shift in...
What’s Changing on 1 July 2025? 3 Updates You Can’t Miss
There are 3 major changes worth knowing about — straight from business.gov.au, and made simple by us. These updates are set to impact your business operations, finances, and minimum wage starting 1 July 2025. We’re here to help you navigate these changes with confidence and...
6 smart ways to prepare for EOFY (without the stress)
Another financial year is wrapping up, and while EOFY can feel overwhelming, it doesn’t have to be stressful. A few smart moves now can help you feel clear, confident, and even a little bit proud when tax time rolls around. If anything is unclear, feel free to reach out – we’re...
What can you really claim at tax time? Let us simplify it.
Can I claim this as a tax deduction? It’s one of the most common things we get asked, so let’s simplify this area that can feel overwhelming. Firstly – let’s be clear – this is not a tax REFUND, this is about a tax DEDUCTION. This means that you won’t pay tax on the claimed...
Should You Top Up Your Super Before 30 June?
As Q4 rolls in, the countdown to the end of the financial year begins—and with it, the usual scramble to make smart decisions for your business and your future. One hot topic that always surfaces this time of year is Super contributions. You’ve probably heard that making...
PAYG Instalments: Are You Paying Too Much?
Many small business owners pay more than they need to in Pay As You Go (PAYG) tax instalments—without realising they have the option to adjust them. If your business income has changed since your last tax return, you may be able to reduce your payments, claim a credit, or...