Trending
Although some of the restrictions imposed due to the pandemic have now eased, many businesses are continuing to face significant financial hardship. For some, this means there are difficult decisions to be made regarding taking on new staff and/or retaining existing staff members. Apprentices and trainees are particularly vulnerable: not only are employers reluctantly considering…
Claiming deductions for personal super contributions Have you made personal super contributions in the last financial year? You may be eligible to claim a tax deduction. In this article, we’ll discuss your eligibility to claim tax deductions, as well as how to make a claim. Let’s jump right into it. What kind of superannuation contributions…
Do you ever wonder if you’re missing out on valuable tax deductions when contributing to your super? Or perhaps you’ve made a personal contribution but aren’t sure whether you can actually claim it? With updated contribution caps and superannuation rules changing in the 2025–26 financial year, many Australians risk paying extra tax or losing legitimate…
Clarifying ATO Garnishee Notices: Federal Court Rules Out Tax-Related Liability for Non-Compliant Entities It will come as no surprise that the ATO takes overdue tax payments very seriously. Because of this, the tax office is afforded certain legal rights which enable their officers to follow up missed payments, and to collect them in full from…
We have recently been hearing more about a new Scam Alert with callers imitating the Australian Tax Office in an unprecedented way. The Scam goes something like this; You receive a phone call from “02 6216 1111” number – What does this mean? It means that is the ATO calling you, as that is the…
The gig economy has changed the way Australians earn money. From Uber driving and car sharing to other ride sourcing platforms, more people than ever are turning their cars into income-generating assets. However, with flexibility comes responsibility. This means you can be certain the Australian Taxation Office (ATO) is now paying very close attention. Whether…
According to the Australian Business Register, trading names will no longer be listed on the ABN Lookup as of November 2018. The only names listed will be those registered with the ASIC. What does this mean for Australian businesses? In order to trade under your registered trade name, you’ll need to register your trading name…
Times have changed for Australian importers. Whether you’re bringing in a few luxury cars, restocking your trading stock, or arranging a shipment of goods for your small business, one thing hasn’t changed: understanding your tax on imported goods is critical if you want to stay compliant and save money. At Pherrus Financial Services, we specialise…