Frequently Asked Questions (FAQ’s)

General FAQs

We offer a range of accounting and taxation services, small business advisory services, and speciality services.

We work with businesses across various industries, including individuals, startups, small businesses, family-owned businesses, and larger companies.

We recommend regular meetings, such as quarterly or bi-annually, to review your finances, discuss any issues or challenges, and plan for the future. However, we are always available to our clients for ad-hoc support and advice as needed.

Our holistic approach sets us apart from other firms. We focus on more than just compliance and tax obligations. We look at the big picture and help our clients with business planning, process improvement, investment and wealth creation, and more. Our trusted business network gives our clients access to a wide range of services and expertise.

You can get in touch with us via

  • phone at (03) 9851 6500,
  • email at hello@colledges.com.au,
  • or by filling out the contact form on the website

Our expert staff will get in touch with you to answer any questions.

Yes, we offer a free 30 minute consultation to prospective clients. This is an opportunity to discuss your accounting needs and find out how we can help you achieve your financial goals.

We are available on the following days and times:

Monday9am–5pm
Tuesday9am–5pm
Wednesday9am–5pm
Thursday9am–5:30pm
Friday9am–5pm
SaturdayClosed
SundayClosed

Accounting and Taxation FAQs

Accounting is the process of recording, summarising, and analysing financial transactions of a business or individual. It involves preparing financial statements, managing budgets, and ensuring compliance with relevant laws and regulations.

Accounting plays an important role in running a business as it helps you track your finances (income and expenditures), ensures statutory compliance, and provides the management and investors with quantifiable information to make business decisions.

We offer a free consultation to help you determine your needs and provide personalised advice.

Statutory compliance refers to the adherence and fulfilment of legal and regulatory requirements imposed by governing bodies. It involves following laws, regulations, and guidelines related to taxation, labour, environment, and other areas to ensure organisational compliance and avoid legal penalties.

At Colleges, we provide you with a range of services that include:

  • Accounting + taxation: BAS/IAS, income tax returns, PAYG
  • Accounting systems’ design & evaluation, cash flow reporting
  • Preparation of budgets and KPIs
  • Management and statutory accounts
  • Corporate structures for business operations and wealth creation, and asset protection
  • Financing and refinancing
  • Help with day-to-day operations (such as bookkeeping, payroll and HR)
  • Planning and developing strategies for succession and estate planning
  • Buying and selling businesses
  • Superannuation: Self-managed super funds, fund establishment and taxation strategies

Yes, an accounting firm (such as Colledges) can help you with tax planning and compliance to ensure you meet your tax obligations while managing your tax liabilities.

Accounting firms can help you with bookkeeping by setting up a system for organising and tracking your financial transactions, preparing financial reports, and providing advice on improving your financial management.

Colledges can help you with the above-mentioned booking services. Contact us to know more.

Small Business Advisory FAQs

A small business advisory provides small businesses guidance, support, and expertise. It includes assisting with:

  • business planning
  • financial management
  • marketing strategies
  • operational improvement and overall business growth

 

A business advisory service aims to help small businesses make informed decisions and navigate challenges to achieve success and sustainability.

At Colledges, we offer the following small business advisory services:

  • Small business support
  • Automotive franchise dealerships support
  • Company formation, trusts and self-managed super funds (SMSF)
  • Business Recovery and Business Reconstruction
  • Accredited MYOB partner
  • XERO Silver partner
  • Business consulting and improvement
  • Succession planning
  • Corporate restructuring
  • Finance and investment
  • Asset protection
  • Tax effective structures
  • Assisting with and obtaining finance and loans for facilities and housing

We analyse your systems and processes, recommend improvements, and provide a holistic service tailored to your circumstances.

Yes, we can assist with obtaining finance and loans for facilities and housing and advise you on tax-effective structures and corporate restructuring to help you make the most of your finances. We can also provide support with succession planning.

We offer both group support and one-on-one ad hoc support for small businesses. Our team is qualified in small business training, and we work with our clients on all aspects of financial analysis, business planning, and improvement.

We have expertise in a range of industries, including:

  • Individuals
  • Sole traders
  • small businesses
  • automotive franchise dealerships
  • and self-managed super funds (SMSFs)

Yes, we offer a range of financial services that include:

  • assist with obtaining finance and loans for facilities and housing
  • corporate restructuring
  • asset protection
  • tax-effective structures

We also provide advice on finance and investment to help our clients achieve their financial goals.

Yes, we have expertise in company formation, trusts, and SMSFs. We can help you set up and manage these entities, providing advice on tax-effective structures and investment strategies.

Speciality Services FAQs

We offer you the services of:

  • Financial planners
  • Wealth planners
  • Mortgage brokers, commercial brokers, raising finance
  • Lawyers and legal services
  • Automotive industry specialists
  • Digital marketing specialists
  • Aged care planning services
  • Estate and succession planning
  • Insurance brokers
  • Insolvency consultants
  • Real Estate Agents – commercial & residential

We provide a wide range of additional services through our trusted business network, including

  • advice on how to grow your business
  • cash flow management and budgeting
  • the tax implications of purchasing commercial property
  • negative gearing

Yes, we can help assist with obtaining finance and loans for facilities and housing. We can also advise on tax-effective financing structures.

Yes, we provide guidance on how to grow your investment and property portfolios through our trusted business network.

The Colledges Way

We bring integrity, forward thinking and frank honesty to the table. That’s the Colledges Way. We travel the finance journey right by your side and treat your business with the care we give our own.

Get in touch

Expertise

Over 50 years in accounting, taxation and business advisory services

The Long Haul

We continue to support and advise third generation clients

Caring

We’re responsive, approachable, compassionate and respectful

Straight Talkers

You always know where you stand with your finances