Making contributions later in life
October 2024 Newsletter This month’s edition of our client newsletter includes an article on making contributions later in life. Changes to superannuation laws have been simplified over recent years to allow older Australians more flexibility to top up their superannuation. This article provides a brief summary of what you need to know about making contributions […]
Who is a spouse under the tax laws, and why does it matter?
September 2024 Newsletter This month’s edition of our client newsletter includes an article on who is a spouse under the tax laws and why it matters. Whether you have a spouse or not can impact your individual tax assessment as your spouse’s income can impact your eligibility for certain tax rebates and offsets. Although it […]
7 benefits of using a tax accountant
Taxes and tax returns – one thing is for certain, they come along every year. The team at Colledges is here to help you tackle those tax forms that can look like cryptic crossword puzzles, and to find deductions that you didn’t think were possible. We make sense of tax time with plain English, so […]
The Importance of “Tax Residency”
August 2024 Newsletter This month’s edition of our client newsletter includes an article on the importance of “tax residency”. Whether you are a tax resident of Australia or not can have significant consequences for you so if you find yourself in any such circumstances (eg, you undertake a foreign posting for a period or you […]
Division 293 tax – will you be caught?
July 2024 Newsletter This month’s edition of our client newsletter includes an article on the extra 15% “Division 293 tax” which applies to high income earners who have income and concessional superannuation contributions exceeding $250,000 in 2023/24. The article explains how the extra tax works and how you can pay for it if you’re liable. This […]
Federal Budget 2024-25
The Federal Budget for 2024-25 was handed down on Tuesday 14 May 2024. It contains a range of proposed measures across the areas of income tax, superannuation, tax administration and related cost of living measures. Some of these may affect you directly or indirectly. We have provided a summary of these measures and what they […]
Let’s talk about death and taxes with Angelo Sirianni, Partner at Colledges
There are two things certain in life – death and taxes. In this article, we talk about both. We interviewed Angelo Sirianni, who is a Partner at Colledges, about why it’s essential to have that sensitive conversation with your family. We know it’s not an easy subject and we’re here to help you work through […]
Stage 3 tax cuts – a tax saving opportunity?
March 2024 Newsletter This edition of our client newsletter features a run down on what taxpayers can do to maximise the benefits of the Stage 3 tax cuts that have recently been passed by Parliament. It explores some options for shifting taxable income from this year (2023-24) to the next (2024-25) by bringing forward deductions […]
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 […]
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 […]