Collins Hume Northern Rivers Xero Platinum Partners

Ballina and Byron shine platinum with new Xero platinum partners, Collins Hume!

The team at Collins Hume Accountants and Business Advisers are delighted to announce that we have reached Xero Platinum Partner status.

Xero Platinum PartnerWhat does going platinum mean?
For our clients, this means that we will simply continue to provide the same exceptional service and support you're used to.

Being a Xero Platinum Partner is also recognition that we have sophisticated systems and processes that allow us to support our clients by providing high-quality services throughout the region.

Minimum wage increases by 1.75%

Minimum rates rise in 3 stages starting 1 July

An increase to the minimum wage of 1.75% will start rolling out for the first full pay period from 1 July 2020.

minimum wage riseThe increase applies to minimum rates in awards in 3 stages:

1. Group 1 Awards - from 1 July 2020

  • Frontline Health Care & Social Assistance Workers
  • Teachers and Child Care
  • Other Essential Services

2. Group 2 Awards - from 1 November 2020

  • Construction
  • Manufacturing
  • A range of other industries

Read more…

Light bulb idea keeps light fingers at bay

Nick creates new app to prevent valuables getting nicked
Fed up with the impact light fingers are having on businesses and individuals, Northern Rivers entrepreneur Nick Kurucsev decided to do something about it.

Checkmate Security RegistryHaving been a client of Collins Hume for over 15 years, he turned to Partner Peter Fowler for business set up and strategic advice.

Nick then established a breakthrough business, Checkmate Security Registry, in 2020. The asset register app allows users to record products, so unwitting buyers can easily check if the second hand items they are purchasing are being sourced from a true owner.

"No matter who you are or where you live, theft is an issue in the world today," says Nick.  Read more…

Funding to help NSW small businesses reopen

NSW recovery grant to help business reopen post-COVID-19

Applications open 1 July to help businesses safely relaunch their operations with funds remaining from the $750 million Small Business Support Fund.

welcome backThousands of small businesses reopening across the State after the COVID-19 shutdown will benefit from funding of up to $3,000 under a new Small Business Recovery Grant.

NSW Treasurer Dominic Perrottet announced the new recovery grants after delivering an economic update to the NSW Parliament as the Government moves from response to a "Recovery and Reform" footing.

Minister for Customer Service Victor Dominello said the new grants signalled a move from business survival to business revival.

The $10,000 Small Business Support Grant closes on 30 June and so far more than 49,700 businesses have applied for the grants worth more than $490 million.

Minister for Finance and Small Business Damien Tudehope said the new grants would help businesses turn their lights on, open their doors and welcome back customers and patrons.  Read more…

Instant asset write-off December extension

Extending the instant asset write-off

The Government has announced that it will extend the $150,000 instant asset write-off for six months to 31 December 2020.

deadline extendedAustralian businesses with annual turnover of less than $500 million will be able to take advantage of this extended timeframe to invest in assets to support their business as the economy reopens and Coronavirus health restrictions continue to be eased.

These measures will support over 3.5 million businesses. They are designed to support business sticking with investment they had planned, and encouraging them to bring investment forward to support economic growth over the near term.

The instant asset write-off also helps to improve cash flow for businesses by bringing forward tax deductions for eligible expenditure. The threshold applies on a per asset basis, so eligible businesses can immediately write-off multiple assets provided each costs less than $150,000.  Read more…

Collins Hume
is a CPA Business
Liability limited by a scheme approved under Professional Standards Legislation.