Yearly Archive: 2019

Upcoming date reminders December, January

December 18, 2019

23 December November monthly BAS due 28 January 2020 December monthly BAS due 28 January 2020 Super guarantee contributions due to a complying super fund or retirement savings account 4 February 2020 Fuel tax credit rates change If you miss a tax deadline, have a tax debt you can’t pay or need an extension please...


Read more

KOTHES Advantage for December

December 18, 2019

Where did 2019 go? Christmas is just around the corner and it will soon be time for some businesses to put up their feet, while others will be rushed off their feet! In our December edition of KOTHES Advantage we have included an article with some tips on how service businesses, who generally go quiet...


Read more

New ASIC software at Kothes

December 18, 2019

Kothes Accounting Group has new corporate compliance software called CAS 360. The cloud-based software allows us to efficiently manage our clients’ company compliance by talking to ASIC in real time. Through CAS 360 we are able to email to our clients their corporate compliance documents which can be digitally signed via DocuSign. Furthermore CAS 360...


Read more

An Airbnb host guide to tax

December 18, 2019

So, you have a spare room or vacant property, but don’t want a long-term tenant? Property sharing platforms such as Airbnb and Stayz allow you to provide short-term lodging to travellers, and earn a bit of extra income. But is this income taxable? And if so, what does it mean for hosts come tax time?...


Read more

Avoid a financial hangover this Christmas

December 18, 2019

SMALL BUSINESS TIPS Retailers and tourism businesses are in their busiest time of year, but if you have a service business, you might find things are starting to slow. You might also be bracing yourself for a quiet January. Trouble is, it’s also around this time that spending and splurging is unavoidable with Christmas parties,...


Read more

Giving tax-deductible and FBT-free Christmas gifts

November 18, 2019

Christmas is fast approaching and preparations are underway. As a business owner, you want to thank your employees and show how much they are appreciated. Holding a Christmas party is a great idea. But the cost of holding a staff Christmas party is regarded as ‘entertainment’ expenditure and: It’s not tax deductible You have to pay fringe...


Read more
Gary Skelton

MEET OUR DIRECTORS: GARY SKELTON

November 8, 2019

Kothes has six directors who travel between our seven offices, including Gary Skelton. Gary is based in the Bega office and is the only Self Managed Super Fund specialist on the NSW Sapphire Coast. Gary feels a great sense of pride working for the largest multi-partner chartered accounting firm in the region. Gary’s role is...


Read more

ATO visits Bega Valley businesses

November 8, 2019

The Australian Taxation Office has put out a media release with more details on its visits to businesses in the Bega Valley and South Coast during November. Read full story. The ATO is particularly likely to visit cafés and restaurants, hair and beauty salons, carpenters and hotels and motels. Assistant Commissioner Peter Holt said the...


Read more

Kothes Advantage for October

October 30, 2019

Where did October go? Soon it will be time to put up the Christmas tree, if you haven’t already! In our previous Kothes Advantage we mentioned the Australian Tax Office would be visiting businesses in our area as part of their focus on the black economy. They’ve now confirmed they will be having two information...


Read more

We love Xero. You will too. We’ll show you why.

October 2, 2019

Document management You can submit invoices and receipts on the go, as soon as you receive it. Expense tracking Your accountant will have real-time data from your business, allowing you to claim expenses more accurately and reimburse on time. Mobile business data You can send data to your accountant in real time, anytime, anywhere. Quick,...


Read more