Tradies Tax Specialist Accountants

Tradies are masters of tools and craftsmanship, but when it comes to accounting, it’s a different story – they’re better with their hands. Between swinging hammers and fixing leaks, there is little time left for managing invoices and paperwork.

You’d rather be measuring twice and cutting once than balance your books so it’s not surprising that paperwork often gets buried under a pile of sawdust or even forgotten in the back of the Ute! Invoices and tax deadlines aren’t as exciting as new power tools and it’s not uncommon to lose track of your accounting obligations. Thankfully, the Colledges team of accountants is here to you help keep your finances in check.

Colledges have 50+ years of accounting knowledge and experience with tradies

How we help you:

Purchasing Assets

Plant and Equipment: We’ll help you assess your needs with business requirements and a future vision in mind, set a budget, and research options before buying assets. Exploring finance solutions like loans or leases, comparing suppliers for best deals, and considering tax implications are part of our service.

Motor Vehicle Purchases

If you’re considering a new vehicle purchase, there is depreciation to consider, instant asset write-off schemes, and GST credits to maximise your tax deductions.

Contactor Versus Employee Considerations

Working as a contractor versus an employee means tax considerations vary significantly. Contractors are responsible for their own tax payments, including GST and superannuation, and can claim business expenses and depreciation. Employees, on the other hand, have tax withheld by their employer, with superannuation contributions handled by the employer. Contractors need to manage their own tax returns and potential deductions, while employees have a more straightforward tax process.

FAQs

We provide a comprehensive and accurate list of which expenses such as tools, vehicle costs, and work-related supplies, can be deducted to minimise your taxable income.

Learn strategies to handle irregular income, manage invoicing and payments, and plan for periods of lower cash flow to maintain financial stability.

Planning to go out on your own? We’ll help you understand how your tax obligations and financial responsibilities change when moving from being employed to working independently as a contractor.

Contact the team at Contact Colledges Accountants + Advisors today

Get on the tools and leave the accounting to us. Contact Colledges Accountants + Advisors for a no obligation discussion about your tax and accounting obligations. We have 50+ years’ experience in helping tradies with their accounting. Our professional and knowledgeable guidance will help you establish the right business structure whether you work alone or with a team.

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