December – 2018 Practice Update
December 3, 2018
December – 2018 Practice Update covers following points: Company loans to shareholders under review. ATO to send text messages if bank account details incorrect. ATO contact regarding business cars and Fringe Benefits Tax (‘FBT’). External collection agencies to enforce ATO lodgment obligations. ATO data matching and share transactions. Improvements to employee share schemes announced. ATO…
Read MoreCommon Pitfalls Property Investors Should Not Ignore!
November 28, 2018
Deciding to invest in a property is perhaps one of the most challenging things, especially if you are in the late 20s or early 30s.
The property market has always been volatile, and therefore one needs to analyse different factors and market trends to avoid potential minefields.
November – 2018 Practice Update
November 1, 2018
November – 2018 Practice Update covers following points:
- Fast-tracking tax cuts for small and medium businesses.
- Proposed expansion of STP to smaller employers.
October – 2018 Practice Update
October 12, 2018
October – 2018 Practice Update covers following points:
- Increased Scrutiny of Home Office Claims.
- More help for Drought-affected Farmers.
September – 2018 Practice Update
September 5, 2018
September – 2018 Practice Update covers following points: SG Amnesty Still Pending. The Company Tax Rate Saga. Division 7A Benchmark Interest Rate For 2019. Black Economy Recommendations will Impact Day-to-day business. Crowdfunding Donations to Help Drought-affected Farmers. Click here for September – 2018 Practice Update
Read MoreImproving Business Cash Flow
August 8, 2018
A FEW SIMPLE STEPS TO ENSURE POSITIVE CASH FLOW A positive cash flow is the cash flow that you need. It basically means that the amount of cash coming into your business exceeds the cash that is going out as expenses. Maintaining a positive cash flow one of the most important aspect to maintain any...
Read MoreAugust – 2018 Practice Update
August 2, 2018
August – 2018 Practice Update covers following points: Further Company Tax Cuts deferred. ATO Guide to the 5 Most Common Tax Time Mistakes. Single Touch Payroll Update. Cents per Km Deduction Rate for Car Expenses from 1 July 2018. Suburban Scammers Pushing Illegal Early Access to Super. Transacting with Cryptocurrency. Click here for August –...
Read MoreZimsen Partners: Team Update
July 10, 2018
Jacky Chan has been newly appointed as one of the Directors of the firm alongside Terry & Dancy. Jacky started as a Graduate Accountant in the firm in 2013; he has excelled in the fields of business advisory and taxation ever since – being promoted to Senior Accountant, Manager and eventually an Associate. Besides holding a...
Read MoreJuly – 2018 Practice Update
July 10, 2018
July – 2018 Practice Update covers following points: Personal Income Tax Cuts Passed! Early Release of Super on Compassionate Grounds: ATO ATO Putting Clothing Claims Through the Wringer Tax Time Tips for Small Business Click here for July – 2018 Practice Update
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Zimsen Partners Event Highlights
July 10, 2018
On the 7th of June 2018, Zimsen Partners co-hosted a Tax, Budget and Small Business Discussions evening held at the Sandown Regency with guest speakers – The Honourable Michael Sukkar MP (Assistant Minister to the Treasurer) & Senator James Paterson (Chair of Finance & Public Administration). The Guest Speakers highlighted the main changes of the...
Read MoreSome Tax Return Investment Ideas
July 10, 2018
SENSIBLE OPTIONS FOR IMPROVING QUALITY OF LIFE To start this light-hearted article, we should provide a simple disclaimer that we are not experts on how you should spend your money. We can merely provide ideas based on the plethora of cases we handle each day. Our intention is to enable our clients and readers to...
Read MoreJune – 2018 PRACTICE UPDATE
June 15, 2018
June – 2018 Practice Update covers following points: 2018 Budget Update Superannuation Guarantee Amnesty Introduced ATO Scrutinising Car Claims this Tax Time What the Super Housing Measures Mean for SMSFs Car Limit for 2018/19 FBT: Car Parking Threshold Click here for June – 2018 Practice Update
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