When John Hukins retires from Kothes on June 30, 2018 it marks the end of a financial year and the end of an era for the 71-year old accounting firm. The fourth generation dairy farmer fell into an accounting career which spans more than 40 years. When he left school he wanted to be a...
Each year Kothes hosts a Biggest Morning Tea to raise money for Cancer Council Australia and this year we had the team from Surf2Summit Mortgage Centre – Sapphire Coast NSW and Caddey, Searl & Jarman Surveyors join us in our Kothes Merimbula office. We also had an event in Kothes Bega office. Merimbula’s inhouse bake-off...
A ‘clean slate’ for business The Federal Government has introduced new legislation for a one-off 12-month Superannuation Guarantee (SG) amnesty from May 24, 2018 to May 23, 2019. Subject to the legislation passing, employers now have the opportunity to wipe the slate clean by making up outstanding SG payments without attracting the full range of...
It is hard to believe the financial year is almost over. For all of us at Kothes the financial year end also marks the end of an era with our Director John Hukins retiring from the firm. John started working at Kothes in 1976 and in this edition of Kothes Advantage, he recounts some of...
University of Wollongong student Wendy Hodges has topped her studies for the second year in a row. Kothes has awarded Wendy a $500 prize for her outstanding results in her Bachelor of Commerce Accounting Degree. Wendy achieved the highest mark in her course. Kothes has also given Jade Ferrer a $500 prize for topping the...
By Gary Skelton, Kothes Director & Self-Managed Super Fund Specialist While the contribution limits for super have gone down this year, there are still opportunities to take advantage of the generous tax environment super offers. Make the most of your before-tax contributions Concessional contributions are contributions you can make to super with your before-tax salary....
By Kevin Philistin, Kothes Director & Merimbula Tourism Inc President Businesses in towns such as those on the Sapphire Coast including Merimbula, Bermagui, Tathra and Eden have just experienced another hectic summer season, with another record year of visitors coming to enjoy this beautiful part of the world. But what happens when the crowds go...
Parliament has passed the legislation allowing first home buyers to save for a deposit inside superannuation through the First Home Super Saver Scheme (FHSSS), and also allowing older Australians to ‘downsize’ and then contribute the proceeds of the sale of their family home into superannuation. From 1 July 2018, a first home buyer will be...
The Government has established a Small Business Digital Taskforce, to be headed by entrepreneur Mark Bouris AM, to ensure more Australian small businesses can thrive in an increasingly digital economy. Mark Bouris said: “When a business begins to digitise and use digital tools, it opens up new opportunities to grow, diversify revenue streams, find talent,...
The Australian Tax Office says that of all of the things that can cause small businesses to fold, “high on that list is poor record keeping”. More than half of the businesses they visited in their Protecting honest business campaign needed to improve their record keeping. Issues they found include businesses: estimating their sales and...