We may need to talk about your Family Trust
April 2025 Newsletter Welcome to this month’s client newsletter. In this edition, we cover key updates that may impact your financial decisions. First up, a recent court decision has implications for some family trusts, particularly those with private corporate beneficiaries (often called bucket companies). If your company has an unpaid present entitlement (UPE) from a trust […]
Federal Budget 2025-2026
Federal Budget 2025-2026 The Federal Budget, handed down on Tuesday 25 March, focussed on five key priorities, including cost of living relief, housing, and education. Below are some of the key tax, superannuation and cost of living highlights you need to know: Personal tax cuts Medicare Levy low income thresholds increased Higher education loan repayment […]
Salary Sacrifice vs Personal Deductible Superannuation Contributions
March 2025 Newsletter Welcome to this month’s edition of our client newsletter. In this issue, we explore salary sacrifice vs personal deductible superannuation contributions – both valuable strategies, but which one is right for you? We break down the key differences and factors to consider, such as employment status, cash flow, and flexibility needs. We also highlight important […]
7 Changes Impacting your Super in 2025
February 2025 Newsletter As we settle into 2025, it’s the perfect time to stay informed about key tax, financial and superannuation changes that could impact you. This month’s newsletter is packed with insights to help you navigate the year ahead. First, we break down seven key superannuation changes coming in 2025. Super is a long-term […]
Christmas and Tax
December 2024 Newsletter This month’s newsletter is packed with helpful articles for the festive season and beyond. As year-end celebrations approach, our first article explains the tax rules around Christmas expenses for business owners. We cover FBT, GST credits, and what’s tax deductible, so you can avoid any surprises. Next, we explore claiming self-education expenses. While these […]
How taxable is that side hustle?
November 2024 Newsletter This month’s edition of our client newsletter includes an article on whether income from ‘side hustle’ activities are subject to tax. This article provides a brief summary of the types of side hustles that exist, whether such activities are considered a business or a hobby and the tax issues to consider if […]
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 news 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 with the ATO as your spouse’s income can impact your eligibility for certain tax rebates […]
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 […]