Fringe Benefits Tax and its effect on employers
Similar to Income tax and GST, FBT is a tax that is assessable yearly on business owners. But what exactly is FBT? Why are employers obliged to pay this tax in addition to income tax and GST? After reading this article, you will be able to determine: 1. What a fringe benefit is 2. Key…
Read MoreSeminar : 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…
Read MoreThe 2014 Fringe Benefits Tax year ends on 31st March 2014.
The ATO has sent letters to all taxpayers previously registered for the Fringe Benefit Tax. We will be sending a checklist to all our clients registered for FBT in 2013 and clients who we have assessed require lodging of 2014 FBT returns. Please complete the checklist and send to our office by the 10th of…
Read MoreFirst associate office in China!
Zimsen Partners is delighted to announce the establishment of their first associate office in China. A MOU has been signed with accounting firm DongGuan LiQun Accounting Services Pty Ltd. DongGuan LiQun Accounting Services are based in Humen Town, Guang Dong Province. The associate offices are part of Zimsen Partners, Business Asia strategy provide clients with…
Read MoreSmall Business Health Check
In today’s fast paced environment, knowing how to start and run your business is key to success. This article will cover five simple checks that will question the efficiency of your processes and help you to reach your business goals.
Read MoreMarch – 2014 Practice Update
March – 2014 Practice Update covers following points – – High risk industries targeted for super obligations – Contractor/Council data matching program – Vineyard scheme promoters penalised – Reminder: Lodging SMSF returns – The ATO, TFNs and Australia Post – ATO encouraging women to put more into super – Super update from the ATO Click here for – March…
Read MoreZimsen Partners wishes all a Happy Chinese New Year
The team at Zimsen Partners wishes their clients, network and team members celebrating Chinese New Year, Xin Nian Kuai Le (Happy New Year), Gong Xi Fa Cai (Wishing you become rich) and Ma Nian Xing Da Yun (Good Luck in the Year of Horse). Zimsen Partners team had the wonderful opportunity to participate in the…
Read MoreEnter into mega draw to win an iPad
We would like to inform you that Zimsen Partners is now ONLINE. Like us on Facebook, Follow us on Linkedin or even on Google + for your chance to enter a super mega draw. Being part of our online community will mean that you will be the first one to know about our Monthly Tax…
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