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 –...
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
Read MoreThe 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...
Read MoreMay – 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
Read MoreApril – 2018 PRACTICE UPDATE
April 6, 2018
April – 2018 Practice Update covers following points: New superannuation rates and thresholds released Super guarantee payable on 'public holidays' and 'additional hours'! Inactive ABNs will be cancelled by the ATO Commissioner's speech highlights ATO's focus areas No need to actually 'downsize' for 'downsizer contributions' Click here for April – 2018 Practice Update
Read MoreMaintaining an Effective Accountant Relationship
April 6, 2018
A few checks to ensure a profitable relationship for your business In our previous articles we’ve enlisted quite a few times, the ideal qualities of an accountant and why you probably need to get an accountant for your business. If you are reading this now, it is likely that you have found the need for...
Read MoreMARCH – 2018 PRACTICE UPDATE
March 5, 2018
March – 2018 Practice Update covers following points: Big changes proposed to eligibility for the CGT SBCs ATO's focus on work-related expenses Taxpayer can't explain where she got the money to pay her expenses Uber driver not an 'employee' Government to fix a problem with reversionary TRISs New small business benchmark are available Guide to the...
Read MoreFranchising in Australia
March 5, 2018
A brief guide for effective franchise decision making Australia and most first world countries love their franchises. Whether it’s focus is on food, electronics or service providers, franchises are able to generate a lot of revenue for business owners.
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