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Collison Accounting
| Old Bar | Mid North Coast |
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Renovations, DIY and Repairs – Here’s The Tax Information You Need To Know As A Property Investor

TaxBy admin23 August 2021Leave a comment
Aug232021
Tax

As a property investor, you might find yourself implementing repairs and renovation work onto a property to ensure that you are maximising its value on the market. However, though both can be claimed on your tax return, it’s of paramount importance that you know how to claim them. Getting it wrong can be both costly,…

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Finding The Right Partner For Business Is As Serious As A Marriage – And Just As Complicated

BusinessBy admin16 August 2021Leave a comment
Aug162021
Business

Making decisions as the owner of a business can be a world of difficult choices, but none so much as deciding that your business requires a partner. It’s a critical, strategic decision for the business that you won’t want to get wrong. Approach your search for the right business partner to suit your business as…

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How Much Super Should You Have To Retire?

SuperBy admin9 August 2021Leave a comment
Aug92021
Super

Retirement might seem like a far off dream for many in the workforce, but it’s never too early to start thinking about how much money you might require to live comfortably in your golden years. Your super balance will most likely fund your retirement, so knowing how well it is performing at your current age…

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When Does A CGT Concession Or Exemption Apply To Your Small Business?

TaxBy admin2 August 2021Leave a comment
Aug22021
Tax

Small businesses are facing a set of challenges once again that can make fulfilling tax obligations seem like a daunting task. However, as a small business, capital gains tax concessions on assets used to conduct your business may be of interest to you. These assets are known as “active assets” and can, for example, be…

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The Pros & Cons Of A Partnership As A Business Structure

BusinessBy admin27 July 2021Leave a comment
Jul272021
Business

If you’re looking to go into business with someone, the chances are that you might be looking at using a business structure known as a partnership. A partnership is a type of business structure that is made up of two or more people who distribute income or losses between themselves and is a fairly popular…

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