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2013/14 Individual Tax Return and Year-End for Business Checklists

2013/14 Individual Tax Return Checklist – Common work-related claims made by individuals – Depreciable plant, etc, costing $300 or less – Clothing expenses – Self education expenses – Other work-related expenses 2013/14 Year-End Checklists for Business – Maximising deductions for non-SBE taxpayers – Prepayment strategies – non-SBE – Accelerating expenditure – non-SBE – Accrued expenditure – non-SBE – Maximising…

Foreign Investors buying Australian Residential property

Australian residential property has always been popular for overseas investors looking for return and stability. To arrange the purchase of Australian residential property is not difficult, as long as you rely upon appropriate professional advice at different points in the process. It is absolutely necessary that you do meet the Foreign Investment Review Board (FIRB)…

May – 2014 Practice Update

May – 2014 Practice Update covers following points – – Tax amnesty for overseas tax dodgers – Project ‘DO IT’ – ATO takes over Super Clearing House – ATO data matching projects – Tax Commissioner’s proposed ‘remedial power’ – Federal Court overturns AAT excess contributions decision – ATO’s new initiative to resolve tax disputes Click here for –…

Business Due Diligence: The Know-how of it!

Buying a business requires a lot of probing and you have to ensure that the company’s affairs are in perfect order before the purchase is finalised. For this purpose, a business due diligence is normally performed 60 to 90 days prior to settlement. A business due diligence is underway once a prospective buyer and the…

April – 2014 Practice Update

April – 2014 Practice Update covers following points – – Change in the FBT rate – 2014/15 – Small business panel to boost ATO’s expertise – GIC and SIC rates for June 2014 quarter – Why we must all exercise great care with super at year end – SMSF trustees may soon be fined for breaches by their…

FBT checklist

The Financial year end is still a few months away, however the Fringe Benefits tax year is upon us once again! We would like to use this opportunity to evaluate your options and plan to maximise any tax benefits available as well as to complete your FBT compliance requirements.  Please provide us with the information…

New Associate Office in London & China

We are very pleased and proud to announce that China and London are now homes to our new associate offices. This engagement has been made possible through extraordinary negotiations, extensive exchanges between the directors of both parties and valuable consideration for their respective clients. United by a common business culture, new alliances between Zimsen Partners…

Seminar : Employer Obligations

Zimsen Partners successfully conducted a seminar on Employer Obligations held at 7 Keysborough Close, Keysborough on 24th March 2014. The presenter was Rebecca Lim (Accountant). It covered important areas regarding business’ compliance with the ATO, the employee and subcontractor obligations and other aspects affecting mainly the cleaning industry. The existing clients and networks attending the…

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