The Advantages of Debt Restructuring Advice from Experts
February 18, 2022
All small and medium-size businesses require funding to operate and grow. While some business owners manage to bring sufficient capital to their businesses, most of them depend on outside sources to have enough working capital. It can be of various forms, such as equity investments, bank overdrafts, loans from credit providers, or cash from friends…
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Top Advantages of Getting Bookkeeping Service from an Expert
November 11, 2021
Are you a small business owner? If so, have you been looking for the best bookkeeping service providers to support your business? You might be wondering how vital bookkeeping services are. In this blog post, we will discuss how effective these services can be in helping your organization thrive and grow. First of all, it’s…
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The Benefits of Taking Accounting and Financial Services from the Experts
October 6, 2021
Small business owners have to face many challenges to achieve desired growth. One of the main reasons for small businesses to fail is poor financial management. Many firms avoid hiring accountants or take accounting and financial services from professionals. As a small business owner, taking experts’ help on accounting and financial matters might seem unnecessary….
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ATO Audit Targets
August 20, 2021
ALL BUSINESS – THINGS TO BE WATCHFUL OF As the Covid19 pandemic sweeps across the globe, the Australian government has provided emergency support to the Australian economy. The underlying cash deficit for 2022 has been forecasted to be $106.6 billion. The Australian tax office is now back in full swing to conduct audits to ensure…
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Victorian COVID assistance as of August 2021
August 16, 2021
The COVID-19 pandemic and recent lockdown orders have continued to place Victorian businesses in compromising and challenging situations. Both State and Federal Governments have announced they will be providing further economic assistance to help businesses navigate these uncertain circumstances. Whilst the support is certainly welcome, keeping up with the latest assistance packages has placed…
Read MoreDo you need a hand with accounting? Let us make things easy!
July 15, 2021
Have you noticed yourself ever feeling the pressure of getting your tax returns lodged on time? Are you concerned about where you will find the time to complete all your tax obligations? At Zimsen Partners, our small business accountants aim to create long-lasting relationships by helping you accomplish your goals and adding value to your…
Read MoreHow Does Hiring a Professional Accountant Help Your Business?
July 12, 2021
An accountant is a huge part of any organisation. A good accountant in Melbourne can provide unimaginable benefits. These can benefit your business in unimaginable ways and can lead to a detailed financial plan that is effective and practical. There are various ways in which an accountant will benefit your business. These are as given…
Read More5 Effective Tips to Help Ease into the Tax Process in 2021
June 7, 2021
With the tax filing deadline getting closer everyday, more and more individuals and businesses are making elaborate plans to get maximum returns and file taxes on time. While this seems fairly simple, the process includes many intricacies. There are most likely various everyday financial things that affect your tax filing process. Nonetheless, it is not…
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Circuit Breaker Business Support Package
June 1, 2021
In the advent of the current health situation and its ongoing uncertainty, The Victorian Government has launched the Circuit Breaker Business Support Package- Allocating $250 million in support for the assistance of small and medium businesses that are bearing the brunt of the recent occurrences. The Support Package includes: Business Costs Assistance Program The Government…
Read MoreHighlights of The 2021/22 Federal Budget
May 18, 2021
The new Federal Budget highlights the retention of ‘LMITO’ (Low and Middle Income Tax Offset). The LMITO is a vital tax rebate for Australians that offers relief to low and middle income taxpayers. This scheme has been an add on to the ‘LITO’ Low Income Tax Offset that’s already in place. Government’s intention is to…
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QR Codes
May 11, 2021
As of Friday 23 April 2021, The Victorian Government has updated its COVID Safe requirements, to be followed by business establishments across a large board of categories. To be able to effectively trace any occurrences all patrons visiting these establishments must check in from their smartphones with the Victorian Government QR code service. Alternatively, for…
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How to Avail Tax Refunds for Working From Home?
May 6, 2021
Following the COVID-19 debacle, many employees and business owners have shifted to a work from home model, either permanently or temporarily. However, many of them are unaware of the fact that one can avail a deduction on their tax returns or lucrative refunds when working from home. ATO has rolled out a number of guidelines…
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