24.03.25
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Tax Brackets Australia 2024-2025: New Updates and Cost of Living Benefits
Unfortunately, we’ve all been feeling the pinch of the rising cost of living in Australia. We could use some good news in this regard, right? Well, here it is! The Australian Taxation Office (ATO) has updated the tax rates and brackets for the 2024-2025 financial year. With these adjustments, many Australians will see a reduction…
What Is Equity, and How Can It Transform Your Finances?
Your home is more than just the place you live; it’s a goldmine quietly increasing in value. Property equity is a powerful asset that can offer you financial security and unlock exciting opportunities in ways you might not have imagined. What is equity, how does it work, and how can you leverage it to your…
Work-Life Balance: Understanding the ‘Right to Disconnect’ Fair Work Act
As an employee, you no doubt look forward to heading home and switching off at the end of a work day. But if work creeps into your personal time, with your employer contacting you after-hours, it can lead to stress and burnout. For employers, this effect on your employees can lower their job satisfaction and…
Loans for Online Businesses Explained and Top Choices
Whether you’re a savvy online startup or a seasoned e-commerce seller, as a digital entrepreneur, you know that financial fuel is essential for your business to take off. But cash isn’t always easy to come by! So we’ve got the lowdown on the top financing options tailored to online businesses like yours. What Is a…
Other Insights from Pherrus
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Shred or Store? How Long You Need to Keep Tax Records in Australia
You’ve just finished your tax return at tax time. The hard part is done. But then you look at the pile of receipts, invoices, and digital files you’ve gathered over the past year. Now you’re wondering: Do I have to keep all of this? It’s a common dilemma. Individuals, sole traders, and small business owners…
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When Is the Last Day to Do a Tax Return? (It’s Not Always October 31st)
Think October 31st is your tax deadline? Not always! If you lodge your own return, yes, October 31 is usually the cut-off. But if you go through a registered tax agent, you might have a much later deadline. When is the last day to do a tax return to avoid late penalties and stay on…
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How to Save on Tax in Australia This Year: 7 Simple Ways
Tax season is upon us! Are there legitimate ways you can save money on your tax bill this year? There could be! Smart tax planning isn’t about finding loopholes; it’s about knowing how to make the most of the ATO rules that apply to you. If you want to know how to save on tax…
