The ATO plans to visit almost 10,000 businesses across Australia this financial year including on the South Coast as part of their strategy to deal with the black economy. Last financial year the ATO visited nearly 9000 businesses. Assistant Commissioner Peter Holt says a number of businesses in some areas are not registered for GST...
Kothes has six directors who travel between our seven offices, including Kevin Philistin. Kevin works from the Merimbula and Bombala offices, specialising in small to medium businesses. He has an extensive knowledge of the tourism industry and having worked previously with the Australian Taxation Office, he knows all about tax and compliance. You might expect...
The year continues at its rapid pace and it won’t be long before we are thinking about Christmas! We have enjoyed a small amount of spring rain in some parts of the Bega Valley and South Coast region although everyone is definitely keen for a lot more, particularly across inland New South Wales and Queensland....
August was a busy month for KOTHES, and we farewelled our second longest serving employee Di Porteous from our Eden office. We wish Di and her husband Kim all the best in their retirement travels! In our latest edition we also visit our Bega office, where one of our six directors Gary Pearce is based....
We hope you survived the end of the financial year craziness. There’s a lot of information to process about what the end of financial year means for you, and also some changes for the new financial year to put into place. If you have any questions or have seen something in the news or on...
Media release from the ATO, June 18 2019 The Australian Taxation Office (ATO) today reminded employers that any unreported ‘cash in hand’ payments made to workers from 1 July 2019 will not be tax deductible. ‘Cash in hand’ refers to cash payments to employees that do not comply with pay as you go (PAYG) withholding...
Every year Kothes hosts a Biggest Morning tea to raise money for the Cancer Council Australia and this year Kothes Bega office raised $279. It’s always a great spread and for such a great cause. A crowd favourite was the scones with jam and cream. Kothes would like to extend a big thank you to...
At Kothes we love cloud accounting. These are some of the reasons why. 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:...
And just like that, it is almost the end of the financial year! It’s a busy time for many people and there’s a lot of information to process about what the end of financial year means for you. If you have any questions or have seen something in the news or on social media that...
The way employers report tax and super information to the Australian Tax Office is changing. This reporting change is called Single Touch Payroll (STP). Employers have different start dates depending on a few things such as the number of employees they have and the systems they use to run their payroll. Not all employers have...