Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF): What the New Laws Mean for You
From 1 July 2026, significant changes are coming that will affect how accountants, lawyers, and real estate professionals work with their clients. Up until now, these obligations have largely sat with banks and financial institutions. But under the expansion of Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime, often referred to as Tranche 2 reforms, […]
Financial Buckets: What Households and Small Businesses Can Learn from Big Corporations
When you look at how large corporations manage money, one thing becomes very clear – they don’t treat all their cash as one big pool. Every dollar has a purpose, a place, and a plan. Yet in many households and small businesses, everything flows through one or two accounts. Income comes in, expenses go out, […]
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 […]
PAYG or Self-Employed? Why Engaging a Mortgage Broker Makes Sense
A Q&A with Angelo Sirianni (Colledges) and Rory Sercombe (Own Home Loans) If you’re looking to finance a property – whether personal or business-related – having the right team in your corner can make a significant difference. Working with a mortgage broker alongside your accountant provides strategic advantages far beyond interest rates. A team approach […]
Changing Accountants? 6 Steps to Make it Seamless
Are you thinking of changing accountants but concerned about the level of complexity involved? We understand this decision is not easy, but as your business structure and financial needs grow, the circle of professional expertise around you may also need to grow. It’s natural to have concerns. Will the new accountant be more responsive and […]
Christmas deductions in 2024 – what can you claim for Christmas functions and gifts?
With Christmas and the festive season just around the corner, business owners are getting ready for their end of year celebrations. Knowing the rules around Fringe Benefits Tax (FBT), Goods and Services Tax (GST) credits, and what’s tax deductible will help you plan enjoyable summer festivities with staff and clients, without unnecessary tax surprises. First, […]
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 […]
Christmas deductions – what can you claim for Christmas functions and gifts?
With Christmas and the festive season just around the corner, business owners are getting ready for their end of year celebrations. Knowing the rules around Fringe Benefits Tax (FBT), Goods and Services Tax (GST) credits, and what’s tax deductible will help you plan enjoyable summer festivities with staff and clients, without unnecessary tax surprises. First, […]
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 […]