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84 Waterman Street Old Bar NSW 2430
02 6553 3235

Company secretarial

Communication and effective administration are essential elements of a successful organisation. Regardless of the size of your business, we are ready to support you with a team of highly qualified secretarial and support staff.

Audit services

Each organisation, profit or non-profit, is unique, so we offer comprehensive auditing services designed with your specific company in mind. Using the most up-to-date technology, we individually assess your organisation, generating detailed reports in which your stakeholders can put their trust in.

Taxation services

We regularly deal with a broad range of personal and corporate taxation issues and make a point of understanding the individual needs of every client. Whether you need advice on company tax, personal tax effectiveness or indirect taxation including payroll tax and GST, our team will identify the best solutions for you.

Managing your wealth

We can help ensure that your personal wealth is managed as tax-efficiently as possible.

Business support

Thinking strategically about future changes in the marketplace can be the key to running a sustainable business. Our aim is to ensure your business has the flexibility to sidestep foreseeable difficulties and better respond to the unexpected ones.

Accounting services

In the constantly changing business environment, you can rely on our business services team to be expert, up-to-date and ready at hand to assist you with your business matters. Whether your concerns are taxation, accounting, business planning, cashflow and budgeting, or business valuation, rest assured that our staff are available to advise you.

Welcome

Collison Accounting is a personal, friendly and professional accounting firm located in Old Bar, on the Mid North Coast.

We offer a personalised service where our clients deal directly with an accountant rather than a receptionist or bookkeeper. Our services are professional, efficient and specialised – we give qualified attention to every job. We are aware of the economic, legal and financial factors influencing you and your business. We can help you capitalise on opportunities, and when necessary minimise problems; we are there through the good and the not so good times.

Collison Accounting offers a range of accounting services, including business advice, taxation and MYOB consulting. In addition, we also work with clients in relation to the establishment and management of their self managed super funds.


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Get In Touch
Phone: 02 6553 3235
Mobile: 0428 449376
Fax: 02 6553 3250
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From the blog

Income stream within an SMSF

Posted on March 18, 2019 by admin

One of the best ways to ensure regular, flexible and tax-effective income as a pensioner is through an income stream from your SMSF. As a member, you can receive an income stream in a reoccurring series of benefit payments from your super fund. Income streams from an SMSF are usually account-based, which means that the amount allocated to the pension comes directly from a member’s account. Once an account-based pension commences, there is an ongoing requirement for the trustees of the superannuation fund to ensure the pension standards and laws are met. Standards that must be met in order for […]

PAYG withholding: New penalties for non-compliance

Posted on March 18, 2019 by admin

New penalties for business’s pay-as-you-go (PAYG) withholding and reporting obligations are to be introduced as a result of legislation commencing 1 July 2019. The law will now prevent businesses from claiming deductions for payments to employees and certain contractors if they fail to comply. Payments that are impacted include salary, wages, commissions, bonuses or allowances to an employee, payment under a labour-hire arrangement, payment to a religious practitioner, or payments for a supply of service. This measure highlights a key reason why governance over all employment tax is important. Specifically, the new laws will prevent an employer from claiming a […]

Superannuation guide for retirement planning

Posted on March 8, 2019 by admin

As the time comes for you to consider leaving the workforce, it is necessary to plan how to make the most of your superannuation in order to strengthen the chances of a financially secure retirement. Careful planning can significantly boost your super and make a big difference to your future lifestyle. Identify your dependants and non-dependants:When it comes to planning your retirement and how your super will be used, ensure that you have clear plans about what happens to your super benefits and other assets in the event of your death. Identifying who will receive your super benefits becomes more […]

Determining whether GST is for business or private use

Posted on March 8, 2019 by admin

The goods and services tax (GST) is applied to most goods and services sold in Australia, taxed at a rate of 10%. If you run a business, you are likely to have GST obligations such as claiming credit for any GST included in the price of goods and services that have been purchased for your business. However, many businesses have expenses that are used privately as well as for business purposes. This means that a business must divide the GST on these costs between private and business use. The ATO allows an annual adjustment for these expenses when it comes […]