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…

Here at Pherrus, we’re committed to keeping our clients in the loop when it comes to anything that might have an impact on your finances, and we’re always staying up to date with any new developments in this sector. A recent report by the OECD (Organisation for Economic Cooperation and Development) has highlighted some potential…

Starting, and maintaining a business can be hard work. You dedicate all your time and resources to it,  and even then there are various pitfalls that can ruin your plans. For your business to succeed, you need to be smart with your money. Here are some valuable money tips to secure the future of your…

First off, congratulations for getting your business off the ground. You’re one in a million. Actually, you’re one in 2,100,162 or so businesses operating in Australia right now, according to the latest figures from the Australian Bureau of Statistics. Right now is a great time to grow your business, as more and more potential partners (or competitors) are growing theirs…

Since the final stage of fuel tax credit reforms was completed in 2012, credits are tied directly to the Consumer Price Index. Fuel tax credits are indexed twice each year in February and August, but may be updated more than twice per year due to various categories of fuel and usage–as in 2015 when off-road…

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