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,...
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...
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...
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...
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...
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,...
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....