Blogs

The Sydney Chocolate Ball is an annual event, celebrating its ninth incarnation this year. Here at Pherrus Financial, we are excited to announce that we attended this year’s event. We are proud to be giving back to our community in such a meaningful way. Here’s what you need to know about the Chocolate Ball. The…

Back in November 2017, the federal government announced changes to tax depreciation legislation. They announced these new changes along with the federal budget on 9 May of this year, and investors across the country are still scratching their heads in confusion and worrying about the potential impact on their future tax returns. Let us break…

Tax day may seem a long way off at the moment, but 31 October will sneak up on you sooner than you think. The earlier you start preparing to lodge your individual tax return, the easier the process will be. You don’t want to be left scrambling around at the last minute, trying to get…

As a small business owner, you’ve got a lot on your proverbial plate. For starters, you’ve got all of the day-to-day aspects of running your business, as well as daily interactions with current and prospective customers. You also have to contend with keeping up with your competitors and taking steps to grow your business. With…

Special Pherrus Federal Budget 2018-19 Review The federal budget has been outlined for 2018-19. This year’s Budget highlights a mix of some 37 measures. What are the need to knows? Here are the Big Ones –       Personal Income Tax Relief – there will be an immediate offset for low to middle income earners. Further relief…

Starting from the 1st July 2018, the changes to GST exemption mean that all online goods bought from overseas will now carry a 10% goods and services tax. The previous rules meant that all goods worth less than $1,000 were exempt from the GST, but that is no longer the case. Goods becoming more expensive…

If you have invested in Bitcoin or other cryptocurrencies, you need to stay ahead of some changes which are coming from the Australian Tax Office. The ATO is keen to crack down on cryptocurrencies to ensure that investors are paying taxes on their earnings. New crackdown initiative The ATO has a number of different ways…

Should you provide workers compensation insurance for your employees? There might be a few more benefits than you expect. First, let’s look at what this type of insurance entails, and then why you should already have a scheme in place. What is workers compensation insurance? This type of insurance will pay out if one of…

If you haven’t yet heard about Single Touch Payroll, you may need to conduct a quick headcount to determine if your business needs to comply. What is Single Touch Payroll? Single Touch Payroll (STP) aligns your reporting obligations to your payroll processes. Your business will be required to report to the ATO each time you pay…

Pherrus Financial understands the importance of giving back and supporting communities in need. Our team of dedicated staff and volunteers provide support to children in need, both in Fiji and here at home. In 2017, thanks to your contributions one of our charitable teams, located in Fiji, was able to deliver Christmas to the Dilkusha…

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