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Collison Accounting
| Old Bar | Mid North Coast |
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Things to consider before rebranding your business

BusinessBy admin13 February 2020Leave a comment

Rebranding your business can seem like a daunting task, as it can involve a range of arduous tasks such as changing designs, updating clients, retraining staff and changing your marketing strategies. However, rebranding can be an option for many businesses if: Your business is too similar to competitors. Your designs and values are updated. You…

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Taking a super pension

SuperBy admin13 February 2020Leave a comment

Once you have met your preservation age (between 55 and 60 depending on when you were born), you can choose to take a super pension. There are six main types of super pension: Account-based pension: this is the most common type of pension. It is a regular income stream bought with money from your super…

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Do you have to pay tax on super death benefits?

TaxBy admin13 February 2020Leave a comment

When someone dies, their superannuation usually gets transferred to their beneficiary as superannuation death benefits. Depending on who the beneficiary is, the benefits may be taxed in some circumstances. If you are a beneficiary, the amount of tax you pay depends on factors such as: If the benefit is paid as a lump sum or…

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