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...
February has passed with a blink of an eye and we are now into March. We hope 2018 has been a good year for your business so far, and that this continues. In our March edition of Kothes Advantage, we are focussing on the tourism industry. If you have a business that relies on visiting...
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...
The New Year is a great time to review your business security. Kothes director Gary Pearce has seen a high number of scams during his accounting career which started with the Australian Tax Office before he started working at Kothes Bega in 1989. From highly-sophisticated online hacking to the age-old phone call to your home...
Welcome to a brand new year and our first Kothes Advantage accounting newsletter for 2018 which focusses on keeping you and your business safe from online scams. If you would like to join our email mailing list just send your full name and email address to admin@kothes.com.au and we will add you to our database....
We don’t mean to sound like the Grinch, but when it comes to planning the work Christmas party, there’s more to think about than finding out who’s been naughty or nice. You may want to consider if you’ll need to pay fringe benefits tax (FBT) when rewarding your employees with gifts or parties this Christmas....
At Kothes we put a strong focus on supporting further study and were proud to see two of our staff Angus ‘Gus’ Jones and Ben Marshman among a group of students who got awards at the University of Wollongong Scholarship and Academic Presentation. Gus was awarded the Mumbulla Foundation Community Scholarship. Ben was awarded the...