For new sole traders, managing Goods and Services Tax (GST) can seem daunting, but it doesn’t have to be. With the right tools and advice, you can easily manage GST while keeping your focus on growing your business. Let’s break down the basics of GST for sole...
Starting a business is an exciting journey, but it’s also filled with important financial decisions. One of the most crucial concepts you need to understand early on is the break-even point. This key financial metric tells you when your business will start...
As a business owner, managing your finances is crucial for long-term success. Yet, even the most diligent business owners can stumble over some common bookkeeping pitfalls. At Kaleidoscope Accounting, we’ve seen it all, and in the past month, three mistakes have stood...
Depreciation is a fundamental concept in accounting and taxation that allows businesses to allocate the cost of assets over their useful lives. This practice not only helps in spreading out expenses but also impacts taxable income, reducing the tax burden for...
Spend more time doing what you love while Xero helps you grow a more efficient, professional and successful business. There are so many reasons to love Xero! 1. Improve cash flow and save money Stop using paper and chasing after late payments. Use Xero to automate...
