Practice Update December 2021 covers following points: Super is now following new employees Beware of scams ABN ‘intent to cancel’ program ‘Backpacker tax’ may not apply to some backpackers Managing business cash low Data-matching program: Services Australia beneits and entitlements Click here for Practice Update December 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…
Practice Update November 2021 covers following points: Preparing for the new Director ID regime Varying PAYG instalments due to COVID-19 AUSTRAC transaction report information data-matching program Permanent changes to AGMs and electronic communications Government payments data-matching program Click here for Practice Update November 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….
Practice Update October 2021 covers following points: Extra super step when hiring new employees ATO support for employers with expansion of STP Reminder for first-time share investors to declare income Documenting gifts or loans from related overseas entities Paid Parental Leave changes support parents in lockdown Additional ATO support during COVID-19 Reminder of SG obligations…
Practice Update September 2021 covers following points: Extending administrative relief for companies to use technology Expansion of support for SMEs to access funding ATO warns property investors about common tax traps Div.293 concessional contribution assessments have been issued Travel allowances and ‘LAFHAs’ Time running out to register for the Job Maker Hiring Credit Labor commits…
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…
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…
Practice Update August 2021 covers following points: Reminder of superannuation caps indexation for 2022 Division 7A benchmark interest rate for 2022 remains unchanged Changes to STP reporting from 1 July 2021 Maximum contributions base for super guarantee The ‘gigs up’ with a new sharing economy reporting regime Taxable Payments Annual Reports (‘TPARs’) due 28 August…
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…
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