KTBS Plan Management

10/09/2024

We are honoured to announce that Kennedy Tax & Business Services has been awarded the prestigious Diversity and Inclusion Award. This recognition underscores our steadfast commitment to creating a workplace where diversity flourishes and inclusion is deeply embedded in our culture.

Founded by a group of seasoned professionals with over 100 years of collective expertise, Kennedy Tax & Business Services is a distinguished financial service provider dedicated to supporting individuals and small to medium-sized businesses. Our core services include tax preparation, financial planning, business consulting, and accounting.

Our success is intrinsically linked to the diverse perspectives and experiences of our team. Under the leadership of Director Kennedy Weldemariam, who actively participates in community events and serves as a role model, we have cultivated a truly inclusive environment. Our advisors, proficient in over 10 languages, effectively communicate with clients from various cultural backgrounds, ensuring that everyone feels understood and supported.

We take pride in our proactive approach to diversity and inclusion, from our internal practices to our client engagement. This is reflected in our multilingual capabilities, which cater to the 65% of our clients who are from migrant backgrounds and speak a second language. We also actively recruit and support employees from diverse backgrounds, fostering an environment where everyone can contribute and thrive.

In addition to our commitment to diversity in the workplace, we also focus on nurturing the next generation. We provide opportunities for youngsters, including Year 10 students, to gain valuable experience through work placements and internships. This initiative reflects our belief in empowering young people by equipping them with the skills and knowledge they need to succeed.

Our commitment extends beyond our office walls. Kennedy Tax & Business Services routinely provides free financial services to individuals and small businesses facing significant barriers to accessing professional advice. We also contribute to local community projects and initiatives that address immediate social needs and fund long-term programs promoting education, economic development, and social cohesion.

This award is a testament to our dedication to diversity and inclusion as drivers of innovation and excellence. We are proud of the positive impact we’ve made and remain committed to these values as we continue to grow and serve our clients and community.

22/08/2024

11/07/2024

I am thrilled to announce that Kennedy tax and business services is a finalist for the Wyndham Business Awards 2024 in the Excellence in Diversity and Inclusion category!
At Kennedy tax and business services we pride ourselves on our commitment to providing exceptional service, fostering a welcoming environment, and celebrating diversity. Our team speaks more than 10 different languages, ensuring everyone in our community feels valued and understood. We continuously strive for innovation, excellence, and inclusivity in all our endeavours.
This incredible milestone would not have been possible without the unwavering support of my amazing family, the dedication of our talented staff, and the loyalty of our wonderful clients. Thank you all for being part of this journey and helping us reach this achievement.
We are hopeful to win against our strong contenders, with the winner being announced on the 8th of September2024 . Here’s to continuing our mission of inclusivity and excellence in everything we do!

30/06/2024

What a coincidence when I start my tax season today that is when my birth day born to be accountant? that much my parents where smart?
Happy birthday to me! Reflecting on the past year, I'm filled with gratitude for all the lessons learned and the growth achieved. Here's to embracing new adventures, cherishing every moment, and continuing to pursue my dreams with passion and determination. Cheers to another year of life, love, and endless possibilities!

Thank you family & friend you text me & email me since the last week

26/05/2024

Last week, the Kennedy Tax family celebrated a significant milestone in our practice. We honored Yeshimebet Desalegn, a dedicated member of our staff, for her remarkable ten years of service to our firm.

Yeshimebet's unwavering dedication, professionalism, and integrity have been instrumental in shaping our practice over the past decade. Balancing the demands of a small business, family, and professional responsibilities is no small feat, and Yeshimebet has exemplified exceptional commitment throughout.

Yeshimebet, we are immensely proud of your achievements and the impact you've had on Kennedy Tax & Business Services. Your hard work, enthusiasm, and integrity have set a standard for excellence that inspires us all.

Thank you, Yeshimebet, for your invaluable contribution to our team and our clients. Here's to many more years of success and shared accomplishments together.

26/05/2024

Govt cracks down on costly NDIS plan rorts

Disability service providers who encourage participants to misuse or burn through their funding, racking up billions of dollars in costs, are facing a government crackdown.

Revelations the practice led to more than $3 billion in NDIS overspending in a year has prompted the NDIA and the NDIS Quality and Safeguards Commission to warn plan managers of their obligations.

NDIS Minister Bill Shorten said overspending was a key issue for the sector and was often done so extra funding could be received within their plan's time frame.

"Plan managers are facilitating an early exhaustion of a plan and then contacting the NDIA demanding a reassessment and a funding increase," Mr Shorten said.

The letter also detailed how anonymised data from 900 case managers showed more than a third would have failed a statement of tax record at the time.

For the 12 months to February 2024, overspending, also known as intra-plan inflation, drove more than $3.3 billion in additional NDIS costs.

More than 100,000 participants, 15 per cent, overspent their plan budgets before the end of the plan period.

Mr Shorten said the NDIS had $500 million a year to pay plan managers, and support worker costs were one of the main reasons people's plans were going over budget.

The two other most prominent contributors are overspending core budgets outside of intended purpose and claiming supports incorrectly.

12/05/2024

Happy Mother's Day to all strong women. Today we celebrate your unwavering love and support for your children. Your influence shapes their future and your love is the foundation of their development.

22/04/2024

Thank you everyone for accepting our request to follow up KTBS Plan Management

21/04/2024

Last week, I met with one of our providers to discuss payment processing. I informed them that payments are made within two working days of receiving funds from the NDIS commission. The provider seemed skeptical, but this is our standard practice.

10/04/2024

Eid Mubarak to all family & respected clients of KTBS Plan management
Enjoy great food and great company.Hoping this Eid brings peace especially to the people of Gaza