Paying superannuation to your employees is an important part of being an employer. If you miss a payment, super guarantee charge (SGC) may apply, and you will need to lodge an SGC statement the following month. SGC is non-deductible, made up of: Super guarantee (SG) shortfall Interest on the shortfall (currently 10% pa) An administration...
With the cost of living going up each year, it’s hard to imagine how much you’ll need for your retirement. But, research by the Association of Superannuation Funds of Australia (ASFA) suggests that if you’re aiming for a comfortable lifestyle in retirement you’ll need to save about $640,000 for a couple or $545,000 for a...
Kothes Eden is farewelling one of our chartered accountants David Cowles in February. David is moving to Canberra to pursue sporting opportunities for his son Luka, a rising young tennis star. Luka, 9, is in the top 5 players in his age group in Australia and will train with Tennis Australia. Canberra is also more...
Dear Client, It is the last day of January already! We hope you had a fantastic Christmas and New Year and that 2019 is a great year for you and your business. In our first edition of Kothes Advantage for 2019 we sadly farewell one of our chartered accountants, David Cowle, who is moving to...