Let’s talk about death and taxes with Angelo Sirianni, Partner at Colledges

death and taxes

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?

stage 3 tax cuts

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 […]

Are you tax-time ready in 2023?

tax time ready 2023

Whether you’re getting organised for an individual tax return or a business tax return, the more preparation you do before heading in for an appointment with your accountant, the more time you’ll save and ultimately the better your tax return will be. Tax returns require you to have a handle on two essential things: money […]

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 […]

End Of Financial Year Checklist for Individuals (Non-Business)

In order to complete your income tax return, you need to ensure that you compile all your records together, declare all of your assessable income, maximise your deductions and ensure you make the most of available tax offsets. Please see below our checklist to help you gather your documentation. INCOME Individual PAYG Payment Summaries (Group […]

Proof of Purchase – ATO targeting other work-related expenses in 2022

Every year the ATO reminds us that “this year we are paying close attention to what people are claiming as ‘other’ work-related expense deductions”. This comes after a number of people have been found by the Administrative Appeals Tribunal (AAT), to have made false claims on their tax returns. An IBM salesman claimed $5,400 for […]