Medical and healthcare practice accounting services
Spend time with your patients and less on your paperwork with our help Medical and allied health practices are often juggling the balance of providing quality patient care while ensuring cash flow in the business is healthy, and that accounting documentation is compliant. Wouldn’t you prefer to spend more time taking care of your patients […]
Year-end Single Touch Payroll (STP) obligations
If you are reporting your payroll to the ATO through Single Touch Payroll (STP), you must complete the end of year by submitting an STP Finalisation event. For most employees, this is due by July 14. This step provides your employees with access to their payroll information so that they can complete their tax returns […]
Federal Budget 2023/24 Snapshot For SMEs And Individuals
The Government has handed down its 2023/24 Federal Budget with a small surplus and a range of cost of living measures. Limited tax measures were announced, aimed mainly at small businesses to encourage transition to energy efficient assets, and to assist with business cash flow. Business Measures Small Business Instant Asset Write-off (IAWO) The Government […]
Small business: 9 steps to creating a business plan
You’ve taken the first step to start a new business. You’ve got a good idea that you feel passionate about. You’ve done the research and you know there is a market for it. Great – you’re on your way! Or, you may have a business already and you want to go back to the drawing […]
10 steps you need to take to set up a small business
Get your ducks in a row before you start Are you thinking of starting a business for the first time and not sure where to go from here? A business and marketing plan are an important step in discovering the potential scope of your new business idea. But following these, there are also 10 essential […]
Do you have your Will ready? Here’s what you need to know
Have you been thinking about creating a Will but haven’t had the time? At Colledges, we’re working right alongside our clients supporting them to manage and grow their financial spheres. We get involved in their financial successes as well as their challenges, their growth and succession planning. Therefore, we’re in the perfect position to see […]
What is STP and how does it work?
STP stands for Single Touch Payroll, which was introduced by the government in July 2019 to make it much each for businesses to manage their payroll obligations. It streamlines the process of payroll, and allows you to report on employees’ payroll information to the ATO directly, each time you pay them through STP-enabled software. This […]