Colledges

28/05/2026

⚠️ New AML/CTF laws are coming for accountants from 1 July 2026. What does this mean for you as a client?

Under new AUSTRAC regulations, accounting firms like Colledges are now legally required to carry out compliance procedures for certain services. Previously, these obligations mainly applied to banks, but they are now expanding to accountants, lawyers and real estate agents under Tranche 2 reforms.

This means that even existing clients may be asked to provide identification documents or additional information when using designated services.

We understand this may feel unfamiliar or inconvenient, but these changes are compulsory and designed to help prevent money laundering, fraud and terrorism financing across Australia.

At Colledges, we’ll guide you through the process as simply and smoothly as possible while continuing to provide the personal support you know us for.

👉 Head to our website to read the full article.

27/04/2026

💭💡 Are you managing your money as well as you can? When you look at how large corporations manage money, one thing becomes very clear – they don’t treat all their cash as one big pool. Every dollar has a purpose, a place, and a plan.

Yet in many households and small businesses, everything flows through one or two accounts. Income comes in, expenses go out, and what’s left (if anything) is considered “profit” or “savings.”

This can feel reactive, not only when unexpected expenses arise, but also with everyday costs that naturally fluctuate. The concept of financial buckets offers a simple but effective solution. By separating your money with clear intention, you can better manage your money which leads to:

✔️ visible cashflow
✔️ less stress around bills and tax
✔️ more confidence in your decisions
✔️ a greater sense of control and stability

👉 Read our latest blog which outlines small steps you can take today to start feeling more in control of your money.

16/04/2026

10/04/2026

Our April client newsletter is now available on our website. This month, we’ve compiled a selection of timely and practical insights across tax, superannuation and financial planning, helping you stay informed, confident, and in control of your financial decisions.

In this edition:

1. Division 296 tax is now law: what it means for your super
The new Division 296 tax is now in effect for individuals with super balances of $3 million or more from 1 July 2026. We break down how this measure works and what it could mean for your retirement savings.
2. Granny flats – be aware of the CGT consequences
Granny flat arrangements are becoming more common, but they can come with unexpected tax consequences. We outline the key CGT issues you should be aware of before entering into an arrangement.
3. Higher super contribution caps from 1 July 2026: what it means for you
Contribution limits are increasing from 1 July 2026, creating new opportunities to grow your super. We explain the changes and how you may be able to take advantage of them.
4. Capital gains tax (CGT) still applies even if you’re forced to sell an asset
Being required to sell an asset doesn’t mean you’re exempt from CGT. We explain how CGT can still apply and what to consider in these situations.
5. Car logbooks: Back to basics
Three recent cases have put the spotlight on car expense claims, reinforcing the need for accurate and compliant logbooks. We explain the key requirements and common pitfalls to avoid.

Visit our website and read the full newsletter. And if you have any questions, we're always here to help and guide you. 😀⭐

23/03/2026

📢 Big changes are coming to super… are you ready? From 1 July 2026, superannuation will need to be paid at the same time as wages - not quarterly.
It’s called Payday Super, and will mean a shift in how businesses manage cashflow, payroll, and compliance.
💡 What this means for you:
• More frequent super payments
• Tighter cashflow management
• New payroll processes to get right

If you’re used to quarterly super payments, now is the time to start planning ahead.
At Colledges, we’re already helping our clients prepare early - so there are no surprises when the changes kick in.

👉Read more on our website and give us a call with any questions.

10/03/2026

⏰ Income Tax Time – Don’t Forget Your Lodgement Deadline.

It’s that time of year again. If you haven’t lodged your income tax return, now is the time to get it sorted.
Getting your return done early can help you avoid unnecessary stress, late lodgement penalties, and gives you clarity on where you stand financially. At Colledges, we make the process straightforward and easy. Whether your situation is simple or more complex, our team is here to guide you and ensure everything is lodged correctly.

Need help with your income tax return?
Get in touch with the Colledges team today and tick it off your list.
✔ Personal tax returns
✔ Advice and deductions
✔ Friendly, professional support
Book your appointment today and get your tax organised. ✔️

20/02/2026

Are unpaid BAS, GST or tax lodgements keeping you awake at night? 🥹 You’re not alone. Many small business owners fall behind and they don’t mean to but cashflow concerns often get in the way. But, it’s important to get control, so you can sleep better at night. GST and PAYG is actually not your money and when it’s not set aside and lodged on time, stress can build up fast. Interest, penalties and that constant background worry can take a real toll on your daily focus.

With our help, you can reset. With the right reporting, clearer visibility over your cashflow, and better habits around setting aside tax, it is possible to get back in control. It may take 3 to 6 months to fully turn things around, but the relief that comes with being up to date is worth it.
Imagine knowing your BAS is lodged, your tax is accounted for, and your business income is truly yours to use.

If you’re ready to feel calmer, clearer and more in control of your finances, read our blog and give us a call to get started. Visit our website for the latest blog.

Better systems. Better habits. Better sleep. 😴😃

05/02/2026

🏡 Own a holiday home? If your holiday home has ever been rented out or made available for rent, the ATO has tightened the rules around what you can and can’t claim.

From 1 July, many owners can no longer claim deductions for periods when the property is not genuinely available for rent. That includes expenses like interest, rates, insurance and maintenance.

The key takeaway is that not every expense is deductible anymore and understanding how these changes apply to your situation is critical, especially if your holiday home is used by you and your family for part of the year.

👉 Find out more about these tax changes on our website (link is below in comments).

29/01/2026

EOFY and the data that you get during tax time can be a turning point. 💡 Instead of seeing your tax return as an annual chore, see it instead as a powerful opportunity to step back and ask bigger questions about where your money is going and how it’s working for you. This article looks at how smart EOFY planning can support your long-term wealth strategy, from reviewing investments and super, to timing income and deductions more strategically.

A little planning now can mean better cash flow, fewer surprises, and clearer financial direction in the year ahead. If you want EOFY to work harder for you this year, it’s worth a read. 📊✨
(link in comments below)

22/01/2026

Running a business is rarely just about the numbers. 📊 That’s why at Colledges. Accountants + Advisors, we connect you with a trusted network of professionals who work alongside us to support your whole business.

From legal and finance specialists to super, lending, business advisory, and compliance experts, our extended network is made up of people we know, trust, and regularly collaborate with. ⚖️💼 When you work with Colledges, you'll meet professionals who understand your goals and work in your best interests.

Find out more below 👇