News

2016 Winter Newsletter

The first Tuesday in May saw an unprecedented interest rate drop by the RBA on the same  ay as the Budget Announcement. These were followed by the announcement of the Federal election, resulting in a Federal government currently in caretaker mode. As we head in to the last few days of the financial year, we hope you have attended to any of your year-end tax planning. If you have not addressed any of these strategies as yet, and want to discuss what is available to you, call us now. A few strategies to think about include:
  • Take advantage of the $20,000 instant write-off threshold for small business;
  • Pay your income protection insurance in advance; and
  • Review all your debt and consider pre-paying tax deductible expenses.
This edition takes a look at the proposed changes in the Federal Budget, together with issues facing small business including myths surrounding whether your workers...

Property Investing within a SMSF

Seminar | Thursday, 2 June 2016 6pm-7:30pm AEST | Presenters: Dancy He & Pallavi Mahajan Venue: 7 Keysborough Close, Fiveways Business Centre, Keysborough, VIC, 3173

This seminar is designed for investors who want to learn more about using their superannuation as a deposit to purchase investment properties. The Seminar is aimed at empowering you to achieve your retirement goals by exploring: • The advantages of a Self-Managed Super Fund • Purchasing Investment Properties through a SMSF • Using your superannuation to build your Wealth for a Better Retirement Attending this seminar you will gain a clear understanding of maximising your tax planning benefit at the end of the current financial year and for the next.

Registration Details:

Cost: Free Contact person: Jessie Xiao - 9798 6622 | Roger Zhu - 9798 6622 Jessie@zimsenpartners.com.au [contact-form-7 id="2225" title="PROPERTY INVESTING WITHIN A SMSF"]...

News from the ATO

  1. SuperStream deadline around the corner:
SuperStream is an innovation by the Australian government that involves a new way by which employers are required to pay super. It involves paying super and sending across information electronically to the employees. 60% of Australian businesses have already adopted the practice and the deadline for others is fast approaching. All businesses will be permitted to adopt this system by 30th June.
  1. ATO identifies High Risk Industries for Super Guarantee
Every year ATO releases a list of industries that they believe are at high risk of not meeting super guarantee obligations for their deserving employees. For this year, the following have been identified:
  • Bakeries
  • Car Retailers
  • Computer System Designers
  • Supermarkets
  1. Selling a property over $2 million? New rules that you must consider
If you are planning to sell an Australian property on or after 1 July 2016...
Give Feedback