Kothes Chartered Accountants News

Fire-impacted small business checklist

January 21, 2020

This article was first published by Chartered Accountants Australia and New Zealand to support small businesses impacted by natural disasters such as fire Many small businesses don’t have a business continuity plan for when natural disasters strike. So here are some practical issues small business operators should consider. 1. Are you OK? Running a business...


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BAS payment deferrals for fire-affected areas

January 21, 2020

The ATO is granting impacted postcodes automatic deferrals for lodgements and payments due. For example: For the monthly BAS due 21 January 2020, the new deferred date is 6 March 2020 For the monthly BAS due 21 February 2019, the new deferred date is 6 March 2020 Please visit the ATO website for more information...


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Bushfire grants and support

January 21, 2020

There are a range of grants, allowances, payments and support options available to individuals and businesses impacted by the fires, and it can be overwhelming navigating through them all. The NSW Government has small business support packages and their website is a good place to start. Telstra has also announced assistance packages, and is also...


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KOTHES Advantage for January: Special Bushfire Edition

January 21, 2020

For many of our clients the start of a New Year was marred by significant bushfire emergencies, resulting in considerable personal and financial stress. We are thinking of you and are doing our best to keep across the details of the assistance packages that are available to help individuals and businesses get back on their...


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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...


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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...


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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...


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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?...


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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,...


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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...


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