Social Media Competition

Top reasons to 'Like' or 'Follow' Collins Hume by 31 May 2012 to win!

Businesses are always asking us to follow them on various social networking sites, but have they ever said why?  Be informed with just some of the reasons why astute business owners should be following Collins Hume:

1. Like facebook.com/CollinsHumeAccountantsBusinessAdvisers for up-to-the-minute news

2. Follow @CollinsHume on Twitter for a stream of accounting, tax, business building tips and real-time conversations with our team

3. Connect with Peter Fowler at linkedin.com/in/peterjfowler to ask business-related questions

4. Connect with Collins Hume the company on LinkedIn to join our like-minded clients and contacts

Be among the FIRST to know about our services, news and events and keep updated on what we're doing to help business and our surrounding community.

Like or follow Collins Hume by 31 May 2012 and be automatically entered in the draw to win your choice of either an IPad 2.0 or a Samsung Galaxy Tab 10.1. Good luck!

Sick of paying too much tax? Tired of working for the tax man? Take control and of your tax and get ahead

Dynamic, organised business owners have accountants and advisers who understand the intricacies of an increasingly complex tax system. You want someone who makes sense of the technicalities and practically applies those to your business.

Modern business demands real time, accurate financial information. Collins Hume understands that you are busy and need your tax and compliance work done efficiently and effectively without fuss. We make the process as painless as possible by relieving you and your staff of an enormous burden by managing your bookkeeping and accounting needs by preparing your annual and periodic management accounts for tax, business appraisal and planning purposes.

Tax and accounting compliance is not just about filling out forms for the' taxman'. It's about understanding how you operate, how you should be operating, and the most effective ways to fulfil your obligations.

Our experienced team pinpoints potential problems and recommends viable solutions. If you're operating multiple entities, this is particularly important. We can turn your numbers into valuable information that will assist you in being proactive and help you make the right decisions moving forward. Many accountants record history and seem to always be looking at the past. We help you look to the future and help your track your path to success.

Tax is often a major business cost, so we work in partnership with you to legally minimise it whilst helping you to achieve your business objectives. Delivering proactive, expert advice in tax minimisation and helping you make the most out of your business is our speciality.

Get on the front foot and take back control of your tax and accounting. We take a more in-depth approach with access to more resources and offer a range of additional services that add significant value to our clients. Can you afford not have the right advice? Call Collins Hume on 6686 3000 to take the stress out of your taxation and accounting needs in 2012.

Choose an accountant with confidence
Even the biggest and best of us can benefit from a little guidance now and then

New ATO income tier thresholds

Changes to Private Health Insurance rebate and the Medicare levy surcharge 

From 1 July 2012, higher income earners may receive less private health insurance rebate or, if they do not have the appropriate level of private patient hospital cover, their Medicare levy surcharge (MLS) liability may increase.

Singles/families with incomes for (Medicare Levy) surcharge purposes of over $84,000/$168,000 and who hold private health insurance will be subject to a reduction in the amount of private health insurance rebate they will be entitled to. This rebate is most commonly received in the form of reduced premiums you pay your private health insurer and to date has most commonly represented 30% of your premiums.

For MLS purposes, singles/families with incomes for surcharge purposes of over $97,000/$194,000 will face an increased rate of MLS (of up to 1.5%) where they do not hold the appropriate level of private hospital cover for the full income year. The MLS will continue to apply at the current rate of 1% for those with incomes for surcharge purposes of between $84,000-$97,000 for singles and $168,000-$194,000 for families in the 2013 income year.

Your income will be tested against three new income tier thresholds to determine your private health insurance rebate percentage entitlement and/or MLS surcharge rate when you lodge your 2013 income tax return.  This may result in an additional refund or liability for you. Please click on the link below if you would like to find out more about the new income tier thresholds and call us on 02 6686 3000 if you have any questions.

0412 ATO Private health insurance and Medicare levy surcharge changes.pdf
Peter Fowler named one of Australia's top young business leaders

Peter Fowler won a much sought-after industry accolade last week when he was named one of CPA Australia's 40 Young Business Leaders in its flagship publication, INTHEBLACK.

The prestigious list showcases the achievements of Australia's top 40 young business leaders working across a broad range of industries around the globe. Read more…

Struggle or Success Ballina 28 March

Struggle or Success a boon for Northern Rivers business 

WEDNESDAY 28 MARCH 2012 Collins Hume held its business performance and benchmarking event Struggle or Success at the Ballina Beach Resort. The evening featured esteemed business speakers, and informative and entertaining presenters who were joined by approximately 100 Northern Rivers business owners and members of the business community.

The evening kicked off with a warm welcome from Collins Hume CEO and Partner Shane Bartrim (pictured). Guest speakers Mark Holton and Grant Bloxham told assembled guests why it is crucial to know the impact of financial decisions before they are actually made. The presentation concluded with local builder Peter Blakey winning an iPad 3 and environmental consultant Rob McLelland picking up the free business valuation assessment. Read more…