03.12.24
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Actuary vs Accountant: Key Differences Explained
If the finance world were a superhero movie, in one corner, you’d have the Actuary, master of foreseeing financial risk. In the other, the Accountant, guardian of financial health and stability! Both deal with finances and are superheroes in their own right, but their powers are quite different. Let’s find out the actuary vs accountant…
Understanding the Impact of Fair Work Act Changes on Your Business
The federal government recently announced changes aimed at closing loopholes in the Fair Work Act that allow for intentional underpayment of employee wages and entitlements. As an accounting and business advisory firm, we want to help our small to medium business clients understand how these changes could impact their operations. Key Changes to the Fair…
Can I Get a Business Loan?
Are you tired of waiting for your business dream to take flight? A business loan could be your “plane” ticket, so to speak! Don’t let confusion or doubt about the business loan application process hold you back. In this guide, we’ll break down the four steps you need to take to become a prime candidate…
Tax Lawyer vs. Tax Accountant: What’s the Difference?
Just like choosing between a GP and a specialist depends on your ailment, picking between a Ma href=”https://www.pherrus.com.au/tax-agent-services-guide/”>tax accountant and a tax lawyer depends on your financial situation. Are you dealing with straightforward income and deductions, or are you wrestling with complex tax-related legal issues? This article will explore the unique skills and areas of…
Other Insights from Pherrus
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The ATO Is Chasing $35 Billion in Unpaid Taxes From SMEs. Are You Prepared?
According to the ATO’s Commissioner of Taxation 2023-24 Annual Report, Australia’s collectable tax debt totalled $52.8 billion by June 30, 2024. It’s estimated that as much as $35 billion of that debt is owed by small and medium-sized enterprises (SMEs). Are you one of them? From July 1, 2025, the ATO is stepping up its…
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What Are Fittings Compared to Fixtures?
“Does it stay or does it go?” If you’ve ever asked this question about something while inspecting a property to buy, sell, or lease, this blog is for you! The difference between fittings and fixtures can affect your rights, responsibilities, and even your final sale price or rental agreement. What are fittings and fixtures? Let’s…
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What Is a Disbursement in Property?
When you’re buying, selling, or managing property, you have to deal with a lot of numbers. One set of numbers that often causes confusion is disbursements. These aren’t hidden fees or surprise costs. They’re a normal part of the property transaction process. But if you don’t know what they are, you could end up disputing…