Blogs

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…

Chris Jordan, Australia’s Tax Commissioner, has warned that the Australian Tax Office (ATO) is about to crack down on people claiming work-related expenses. Jordan stated that a recent check into work-related expenses has uncovered a large number of wrongful claims. He also warned that 100% of the claims that were taken before the Administrative Appeals…

The Turnbull government has flagged personal income tax cuts as part of this year’s budget. Back in November, Prime Minister Malcolm Turnbull had declared as part of his pre-election speech that any tax cuts would be aimed at the low and middle classes. Now, with the budget submission released in late February, Turnbull seems to…

As Sydney’s leading business tax advisors, financial agents and advisors, we helped Katrina, a spiritual intuitive and a healer, to establish her own successful business in July this year. We were able to advise Katrina on becoming a sole trader, registering her initial business name and provide all the relevant tax strategies and ATO audit…

Self-managed superannuation funds provide many people with the opportunity to not only acquire new assets but also to do it safely using a percentage of the money they put into the fund. However, managing a superannuation fund requires a lot of time and effort to succeed. It is important to realise that a significant amount…

The Australian Chamber of Commerce and Industry, the Business Council of Australia, and other business groups have lobbied for the lowering of the corporate tax rate for years. Therefore, the tax cut comes as good news to Australia’s businesses, as a substantial tax reduction is exactly what business owners and investors need in a tough…

It’s never been a better time to invest in affordable housing, now that the ATO has announced new tax incentives for investors who provide housing to people in the low- to moderate-income range. On 9 May 2017, the Australian Government opened up new possibilities for real estate investors to save money when tax time rolls around….

When businesses give to charity, they boost the economic health of the community in which they reside. That, in turn, creates a better atmosphere in which to do business. Giving to charity, for most Australian businesses, is a win-win situation. Here’s a look at how giving to charity can benefit a company and the community…

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