Christmas Trading Hours

For your planning and ours, please note that the Collins Hume office will be closed for Christmas and New Year from midday Friday 21 December 2012 and will reopen on Monday 7 January 2013.

Wishing you and all those you hold dear a very happy Christmas and a healthy and prosperous 2013! We look forward very much to working with you next year.

Collins Hume Client Case Study

Proactivity in equal measures
After selling his successful advertising agency, Jason Mumford, now working as a specialist brand and digital marketing consultant, wanted an accountant who was as proactive as he was.

Primarily Jason was looking for value for money so he could benefit from external input into the performance and management of his business. After 12 months of working with Collins Hume, Jason believes he is getting the insight he needs to run his business more efficiently.

Collins Hume's Peter Fowler began by getting Jason's personal and business tax affairs in order.

The next step was to take the information collated during the tax preparation process and use that to look at Jason's business through an external set of strategic eyes.

Ultimately, the goal was to expertly use the financial and tax data collated for Jason's business in order to determine the direction of his business and how to get there.

Jason is finally getting what he wanted from an accounting firm Read more…

Christmas Tax Matters

Dear Santa...

Thank you for the opportunity to provide advice on your Australian tax position. We are concerned by a number of areas of your operation that will no doubt come under scrutiny by the ATO. We note these below:

Most goods imported into Australia with a value above $1,000 are subject to GST. With approximately 4,329,000 children in Australia on your list, averaging $40 per gift (depending on whether they have been naughty or nice), we estimate that you will be liable for GST in excess of $17,317,192. We need to discuss tax structuring urgently.

We are also concerned that you also may face other commercial issues from Australian retailers who will perceive your 'gift' giving as a hostile attempt to gain market share (please Google recent comments by Gerry Harvey and GST).

Santa's little helpers
Superannuation guarantee Read more…

BCCI and Northern Star Awards Feature

Our roast to one of Ballina's top bean businesses!
In the wake of the BCCI and Northern Star business excellence awards, we speak with The Bean Bank about their own journey

Three years ago, partners Effie Vouris and Glenn Anthony started The Bean Bank in Ballina. Effie spearheads their fully fresh, sustainable menu and cooks every dish with love; Glenn is the front man who recently found his calling for roasting. Both work super hard and their business is now getting the rewards it truly deserves. Collins Hume spoke with Glenn to find out how it all started, including their journey to becoming publicly acclaimed for a second time in the business excellence awards.

Glenn is the first to admit that The Bean Bank was the brainchild of two creative souls who serendipitously stumbled across an empty shop space thinking it might make a nice café. Soon, the day-dreaming turned into number-crunching and, with a little bit of capital and a lot of inspiration, The Bean Bank opened its doors as an incredibly creative, artistic coffee destination. Glenn says, "We knew there was an opportunity to make a better cup of coffee. Leaning on our European heritage and our visual arts experience, the dream became a reality before we knew it!" Read more…

Super Smart Seminar 2012

Ballina Smart Super Seminar puts the clarity into superannuation
TUESDAY 27 NOVEMBER 2012 Collins Hume hosted a very special event for self-managed super fund owners and would-be property investors billed as their Super Smart Seminar. The highlight of the evening event was a keynote presentation by Grant Abbott, Australia's leading SMSF expert, trainer and presenter. Grant and the Collins Hume team were joined by a full house of Northern Rivers SMSF owners, would be investors and local community members.

The session kicked off with a warm welcome from Collins Hume Partner and SMSF Specialist Ian Wunsch. Guest speaker Grant Abbott addressed assembled guests on investment opportunities for SMSF trustees at different stages of life, SMSF farm and business planning, preparing the various generations and the Ballina market in general.

Following the formal presentations, guests were treated to refreshments and an opportunity to mingle and delve deeper into their own SMSF queries. During the social part of the evening, Yvonne Corrigan's name was drawn as the lucky winner of the Galaxy Tab / iPad prize! 

Ian Wunsch said, "Our Super Smart Seminar was designed to provide a broad overview of SMSFs and the strategies that can be implemented through them â€" already growing in interest with people who want to galvanise their wealth planning now to optimise retirement. Our role was to make that clear to all who attended and I think we succeeded in doing so."

Due to the success of the Super Smart Seminar, which was fully subscribed, the programme is likely to be repeated in 2013 with event details to be shared in due course. In the meantime, we have 20 FREE TICKETS available for Grant Abbott's 'Maximising the Potential of your SMSF' presentation at the Australian SMSF Members Association National Conference Roadshow on 7 December 2012 at the Brisbane Convention Centre. The first 20 people to phone us and request a ticket will get to attend, for free, on us.

Please call Collins Hume on 02 6686 3000 if you'd like to be added to our event mailing list or if you would like to discuss your own SMSF arrangements with our specialist team before then.