Accounting

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Best Tax Software for Real Estate Agents: 3 Options that Make Your Day Easier

If you’re a real estate agent, you know how important it is to keep accurate records of your taxes and finances.  With the right software, you can save time and make sure that your finances are in order. In this article, we’ll review three of the best tax software for real estate agents: Xero, MYOB,…

How to Do A Tax Return: FAQs to Help You Lodge Your Taxes

Are you looking for answers to some of the top questions about filing tax returns in Australia?  This guide will provide you with the information you need to get your taxes lodged correctly.  We’ll cover how to do a tax return, how to lodge online, and other answers to some of the most common questions…

Tax Agent Services Guide

If you are like most people, when you hear of a tax agent, you probably think of an accounting professional who can assist you with lodging your tax return. This is true, to an extent. While there are many tax agents whose sole skill-sets are taxation and tax law, there are also those whose knowledge…

3 Taxation Changes That Will Affect Your Business in the 2025–2026 Financial Year

As the 30 June financial year‑end approaches, small businesses across Australia are preparing to finalise their tax obligations and lodge tax returns. While reviewing accounts and meeting compliance requirements is vital, it’s equally important to understand the taxation changes that will apply from 1 July 2025. At Pherrus, we help clients stay ahead of legislative…

CPA vs Accountant

If you are in the market for a financial professional to help you out with your taxes and other financials, you have probably come across accountants and certified public accountants (CPA) in your search. Understandably, you are probably wondering what the difference is between a public accountant vs CPA and how much their jobs or…

Bookkeeping Vs. Accounting

The differences between bookkeeping and accounting are often quite subtle, but they are very distinct for anyone looking to enter either career. In a nutshell, bookkeepers keep a record of a business’s day-to-day financial transactions while accountants emphasise the big picture of those finances. Bookkeepers have to pay close attention to the minute details as…

How to Find a Good Tax Accountant

Finding the right tax accountant can be more challenging than you might think. While you may be tempted to go with the first name you find on your search engine results or the first company you come across, knowing how to find a good tax accountant is a skill of its own. Pick well, and…

What are Payroll Tax Fringe Benefits?

Do you ever wonder how some companies attract top talent without simply offering higher salaries? Or why employees at certain businesses seem happier and more loyal? The secret often lies in payroll tax fringe benefits, which are the perks beyond salary that make work more rewarding while keeping taxation smart and strategic. Under the Fringe…

How Much Does an Accountant Cost?

Good accountants are essential to any business, and it is important to know how much they cost. Not all accountants are created equal, so you need to do your due diligence to find one that offers great value for their services. Accountants can vary in price depending on the type of accountant you need. There…

Payroll tax vs. income tax: what’s the difference?

While taxes may not be the most thrilling of subjects to talk about, it is a necessary factor of a functioning society. Therefore, it is useful to understand the different forms of taxes, and essential if you’re running a small business that employs staff. One of the common areas where people are uneducated is the…