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…

If you own a business in the building and construction industry, you’re required to keep track of all payments you make to contractors. Each year you must report these payments to the Taxation Office by August 28. For this reporting, you will use the Taxable Payments Annual Report (TPAR) form. Here are the basics you need to understand to properly lodge this…

Small businesses often have a love-hate relationship with the Goods and Service Tax – and with good reason. If you ignore it, the Australian Taxation Office can demand more tax from you regardless of whether your bottom line can take the hit. What is GST? Why do you sometimes have to pay it even if…

Applying for a personal or business loan can be stressful, complicated and a little overwhelming to say the least. That’s why, at Pherrus, we assist our clients through every step of their loan application process. We’ll also help you organise your finances and resolve outstanding “red flags” to increase your eligibility. Questions to Ask We recommend that you complete the following…

The accounting and bookkeeping industry has seen something of a renaissance in recent years. With such rapidly shifting developments in technology and accounting roles, you may find it difficult to keep abreast of new developments. Here are a few important accounting trends that are solidifying in 2015 and will continue to have an impact on the industry. Cloud Technology and…

As the end of fiscal year (EOFY) approaches for most companies in Australia, it’s time to make sure you’re not missing out on any opportunities to reduce your business tax obligations. While you should make sure to conduct a thorough review of all your financials, these additional tips can help you find specific ways to manage your tax concerns before…

The Australian tax code can be confusing, especially for new or small to medium businesses. If you take some time to learn the basics, though, you can make tax deductions work for you regardless of the size of your business or how many expenses you have. Take a read through these tips to see what…

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