K.P. O'Donnell & Associates

Kouteris Financial Services (KFS) specialises in transition to retirement strategies for clients aged over 55 years of age. Over the last 2 and ½ years, we have worked with Bernie O’Donnell of KP O’Donnell and Associates and his wife Wendy to set up a transition to retirement strategy that will ensure his financial security over the years to come as well as some personal insurance cover.
While KFS can help you set up a financial plan to suit your needs, we also recommend that all our clients have an up to date will. If you don’t have a will already, you should speak to your solicitor and have one set up. If you don’t have a solicitor, KFS uses KP O’Donnell and Associates for all our business legal requirements. As a special offer to all KFS clients, KP O’Donnell & Associates is offering the following service for Wills and Power of Attorney:

 Standard Will for one person at $180
 Standard Will for a couple at $260 for the two wills

To take advantage of this offer, simply call or e-mail Lisa O’Donnell at 02 9299 2927 or lawyers@kpodonnell.com.au and mention that you are a client of Kouteris Financial Services.
For more information on KP O’Donnell and Associates, visit their website www.kpodonnell.com.au.
*Kouteris Financial Services does not receive any fees that result from clients taking up this offer. All client information is strictly confidential and is not shared between KFS and KP O’Donnell and Associates unless requested in writing by the client.

Michelle's Beauty Salon

Running a small business can be quite challenging as it is completely reliant on your ability to provide a service to your clients.

Michelle Duncan has worked as a self employed beautician since 1996. A couple of years ago, Michelle realised that she did not have any insurance cover in place to protect her if she couldn’t work due to injury, illness or a disability.

Michelle had worked hard for the last 13 years as a beautician culminating in her move to her current premises at 54a Carrington Road, Randwick in 2006.

She realised that if she couldn’t work for a prolonged period of time, not only would she miss out on her current income, but she couldn’t afford to keep her Salon running whilst she recovered.
Kouteris Financial Services worked with Michelle to put together an insurance package that would meet her immediate needs was affordable for a small business owner. There are two elements to her cover – insurance for her business and insurance for herself.

By purchasing some Business Expense Insurance, Michelle is able to protect her business by having insurance that covers her business expenses including rent, electricity, gas, phone, leasing costs, interest on business loans and some employee wages, if she cannot work for up to 12 months.
In addition, Michelle has taken out income protection insurance that will pay her a monthly benefit if she was injured, became ill or disabled until such time as she could return to working as a Beautician or until she reached age 65.

Michelle was able to obtain this insurance cover for less than $20 per week giving her peace of mind and the confidence to continue to build her beauty salon clientele.
A further benefit to Michelle is that the cost of this insurance cover is fully tax deductible. This means the real cost of the cover is significantly less when you consider the tax deductibility of the insurance premiums.

For more information on insurance for small business owners, please contact us on 1300 859 643.

Michelle’s Beauty Salon is situated at 54a Carrington Road, Randwick.
Michelle’s Beauty is a relaxing, tranquil and professional salon that provides many beauty services including Facials, Waxing, Massage, Spray Tanning, Manis, Pedis and Tinting.

Please call Michelle on (02) 9314 7000 to make an appointment.
*Michelle has kindly given KFS permission to use her story for this newsletter. KFS will never disclose client details without express permission from the client.

VAST INTERIOR - Homewares and Furnishings

Going into business for yourself can be a difficult decision, but with the right advice, you can protect both your family and your business.

Graeme and Garry had worked together before when they decided to become business partners. The appeal of being their own boss and the lifestyle it offered were the key to making this decision. Together they bought a furniture franchise called Vast Interior. They both borrowed against their houses to invest in the franchise and so protecting their business and their families were crucial.

Kouteris Financial Services (KFS) worked with Graeme and Garry to consolidate their super and set up adequate Death and Total and Permanent Disablement (TPD) insurance cover. This was done in two stages- firstly through their superannuation funds to cover their personal debts and protect their families in the event of death or permanent injury. This is the most cost effective way to provide insurance cover for each of the partners’ dependants. Remember, insurance through super can only be paid to a dependant so this cover alone would not have provided any protection for the business.

Secondly, we set up separate Death & TPD and Trauma policies outside superannuation to protect the business debts in case something happened to one, or both, of the partners. These policies are owned by the partners and can only be paid to the other partner.

In addition, Garry and Graeme needed to consider protecting their income in the event that they were temporarily unable to work due to illness or injury. Normally self employed people have to prove their last 12 months earnings before being eligible for income protection however, at KFS we were able to negotiate with the insurer to provide them with this valuable cover straight away based on expected earnings.

A further benefit to the partners is that some of their insurance (that relating to generating an income), is tax deductible – e.g. income protection insurance.
Both Graeme and Garry are now sleeping easy at night knowing that if anything were to happen to either of them, their business and their families are protected. For more information on insurance for small business, please contact us on 1300 859 643.

Vast Interior Castle Hill, one of Sydney’s largest showrooms of exotic homewares and furniture, offers well built rustic furniture and specialises in showing how to decorate your home with unique personality pieces along with good quality hardwood everyday living furniture.
Vast Interior are socially responsible and conscious about the environment focusing on recycled and plantation timbers.
Graeme and Garry’s Vast Interior store can be found at:
3/23 Victoria Ave, Castle Hill NSW 2154 (right next door to Spotlight)
Phone 029899 6611 Fax 029899 2133
Email castlehill@vastinterior.com.au Website www.vastinterior.com.au
*Garry and Graeme have kindly given KFS permission to use their story for this newsletter. KFS will never disclose client details without express permission from the client.