Make EOFY Work for You: How to Turn Your Tax Return into a Wealth Strategy
Tax time often feels like the finish line. Your return is lodged, your obligations are complete, and you can move on. But EOFY is more than a compliance deadline. It is one of the most valuable planning moments of your financial year. With your income, expenses, deductions, investments, super contributions, and cash flow all finalised, […]
Which Business Insurance is Right For Me? The Colledges Checklist
Business insurance isn’t just a box to tick, it’s a vital part of ensuring smooth and stable operations no matter what events may transpire in your business. Maintaining revenue, customer service, supply, operations, safety and security for your entire business ecosystem – customers, suppliers and partners – is fundamental to running a business with a […]
Getting Tax-Time Ready For 2025 – Avoid “Wild” Tax Deduction Attempts
It’s that time of the year again – 2025 tax time. This year, the Australian Taxation Office (ATO) has announced it will be focussing on “unbelievable” or “wild” tax deduction attempts. So take care to report your expenses correctly. Their main areas of focus include: Work-Related Expenses – incorrect claims such as personal items misrepresented […]
Getting tax-time ready for 2024 – a checklist
Tax time is here again for 2024. This year, the Australian Taxation Office (ATO) https://www.ato.gov.au/media-centre/ato-flags-3-key-focus-areas-for-this-tax-time has announced it will be taking a close look at these three common errors being made by taxpayers: 1. Incorrectly claiming work-related expenses 2. Inflating claims for rental properties 3. Failing to include all income when lodging. The ATO’s website […]
Running a small business? Here’s what you need to know about CGT concessions.
Capital Gains Tax (CGT) concessions provide an opportunity for small businesses in Australia to reduce, disregard or defer some, or all of the capital gains from a business asset. It is important to understand these concessions and how they can impact your business’s bottom line. In this article, we will delve into the key aspects […]
What structure should I choose for my business? Here are the 4 main types in Australia.
There are four main types of business structures used in Australia – sole trader, partnership, company and trusts. Each one has its own set of advantages and choosing the right one at the start is important, as it impacts your tax obligations, registration and legal liabilities. You can change your business structure as your business […]
Grow your business with confidence and a network of trusted professionals around you
As a business owner, you’re not alone if you feel you have everything under control for a while and then no control whatsoever. Growing a business means navigating a changing landscape and this landscape involves your marketplace, your customers, and the products you are selling. Nothing stays static for any length of time nor should […]