News from the ATO
May 13, 2016
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….
Read MoreMay – 2016 Practice Update
May 3, 2016
May – 2016 Practice Update covers following points Impending blowout from the leaked ‘Panama Papers’ Gold Coast businesses under the ATO’s microscope ATO – SuperStream deadline rapidly approaching ATO’s ‘High risk industries’ for super guarantee Lifestyle assets and CGT New rules for selling property over $2 million Contractor payments data matching program Click here for…
Read MoreWorkshop for Small Business Beginners
April 22, 2016
Dear Valued Client, Zimsen Partners is delighted to invite you to our Workshop for Small Business Beginners on Wednesday, @ 5:30 p.m., the 4th of May 2016. The workshop aims to provide an opportunity to help people about how to start a small business from general procedures to detailed accounting and tax questions. The presenter…
Read MoreWhy is Zimsen Partners the best choice for Corporate Accounting?
April 11, 2016
There is a growing need for industry relevant experience when it comes to your accountant’s knowledge base. Today’s dynamic business environment does not leave any room for errors or for disregarding updated information about changing regulations and norms. When running any private business efficiently, you require an accountant who is reliable and significantly experienced in…
Read MoreApril – 2016 Practice Update
April 7, 2016
April – 2016 Practice Update covers following points ATO reminder – What’s new for small business? ATO sounds warning to super funds with ‘collectables’ Government set to re-think the backpacker tax ATO releases latest business benchmarks GIC and SIC rates for June quarter Click here for – April – 2016 Practice Update
Read MoreFebruary – 2016 Practice Update
February 24, 2016
February – 2016 Practice Update covers following points ATO announces two important data matching protocols Tax help for people affected by recent bushfires Warning to employers to withhold tax from some car allowances Taxpayer misses out on small business CGT concession March quarter GIC and SIC rates Extra time for foreign investors to register agricultural…
Read MoreZimsen Partners has decided to consolidate our two offices into one!
December 8, 2015
We are excited to announce that from December 15th all our tax and accounting work will be based at our head office located in Keysborough We will have the same team of accountants and consultants who have a wealth of experience and expertise and are eager to assist you.
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2015 Summer Newsletter
December 3, 2015
Once again another year has flown by, and we find ourselves half way through the tax year. On the sporting front this year, Prince of Penzance beat the odds and saw Michelle Payne emerge as the first ever female Melbourne Cup winning jockey. The AFL Grand Final saw the Hawks once again victorious, this time…
Read MoreDecember – 2015 Practice Update
December 3, 2015
December – 2015 Practice Update covers following points Reminder of small business tax cuts ATO supporting small business to implement SuperStream ATO reviewing taxable payments annual reports Guidance regarding the payment of death benefits ATO’s Visa Data Matching Program Click here for – December – 2015 Practice Update
Read MoreNovember – 2015 Practice Update
November 18, 2015
November – 2015 Practice Update covers following points Immediate deductibility of capital start-up expenses Data matching program – on eBay online sales New multi-agency approach to fight serious financial crimes ATO and United States IRS share bank information Small Business Protections from unfair contract terms ATO moves on cafés & restaurants The ATO and its…
Read MoreTax Tips for the Small Business Owner
November 18, 2015
Operating & running your own business can be very rewarding. It is always good to have a basic understanding of the compliance requirements set by the ATO. However, with rules constantly changing, it can be difficult to keep up and safely determine the claims that can be made within your industry benchmarks. Listed below are…
Read MoreOctober – 2015 Practice Update
October 16, 2015
October – 2015 Practice Update covers following points GST on all (taxable) online transactions from 1 July 2017 NZ changes to GST imports to affect our exporters Holiday rentals under the microscope Credit and debit cards data-matching program Taxpayers can apply to the ATO for a market value ruling Pay GST instalments quarterly and report…
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