News

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

Improving 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...

August – 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 –...

Zimsen 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...

July – 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

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...

Some 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...

June – 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

The impact of Tax Debts on Credit Scores

May 1, 2018

Clearing your tax debt could be more urgent than we would have thought otherwise- Credit rating agencies are said to start receiving your organisation’s tax debt details from the ATO. This legislation aims to create a seamless link between the ATO and credit rating agencies to ensure that certain types of businesses are keeping their...

May – 2018 PRACTICE UPDATE

May 1, 2018

May – 2018 Practice Update covers following points: GST withholding measures now law Continued ATO focus on holiday home rentals Get ready for Single Touch Payroll Employee denied deductions for work-related expenses New FBT rates for the 2018/19 FBT year Click here for May – 2018 Practice Update