Blogs

If you own a business, then these are uncertain financial times due to the impacts of coronavirus (Covid-19), and it can be difficult to find accurate information about what assistance is available to you. The Australian Government, the Reserve Bank of Australia and the Australian Prudential Regulation Authority have recently announced new initiatives to assist…

To support businesses in need of a quick cash flow injection to stay open and keep people in jobs, NAB has announced a new Business Support Loan. The Business Support Loan will enable eligible businesses to apply for a loan of up to $250,000 at 4.5% p.a. from NAB with no repayments required in the first…

Nearly everyone is suffering in some way or another from the COVID-19 pandemic. Even those not directly infected by the illness are seeing their livelihoods dry up as businesses are forced to close, or simply have no customers due to social distancing and other preventative measures. For some workers, especially those who have been laid…

Almost every business across the country is beginning to feel the impact of the COVID-19 pandemic in one way or another. The need to slow the spread of the coronavirus has prompted both national and state governments to take dramatic action to reduce the likelihood of passing on the infection. At the time of writing,…

The necessary government restrictions on economic activity which have been put in place in an attempt to reduce the spread of COVID-19 have had a devastating effect on many businesses. For some, corona virus has meant an immediate cessation of trading; for others, the impact of the virus has been more subtle, but potentially as…

Governments across the globe are putting in place a variety of different measures in an attempt to halt the spread of COVID-19. Inevitably, some of these measures have a significant impact on the economy but are necessary in order to slow the spread of the coronavirus. In addition to the effects social distancing and other…

The Australian Government has announced a $17.6 billion stimulus package on the 12 March 2020 in order to prevent Australia falling into a recession. Further, announced on the 22 March 2020 an additional $66 billion stimulus package on top of the previously announced $17.6 billion stimulus was announced. This is due to the economic impact…

Every day the continuing spread of corona virus brings more developments as governments worldwide introduce measures like social distancing and quarantine to manage its effects. Stock markets are taking hits. Financial projections are shrinking. And it seems no business is immune to the disruption this virus is bringing. But at Pherrus Financial Services we are…

The Australian Taxation Office (ATO) has been granted new powers allowing it to disclose information surrounding businesses’ tax debts to registered credit reporting bureaus. This legislation has been in the works for a while now, having been on the government’s agenda since 2014. It finally received royal assent on 28 October 2019. The ATO’s new…

Superannuation Guarantee & Salary Sacrificing Superannuation has always been about Future Money. Money stored away for your future. Your super is your future.  Payments towards that future is known as a super guarantee contribution or concessional (pre-tax) contributions. You also have the ability to make Voluntary contributions on top of this amount. Boosting your super…

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