22.04.25
Trending
What Is a Settlement Date?
You’ve found your dream home; now you’re eagerly waiting for the big day—settlement day! What is a settlement date? It’s the agreed-upon day when you pay the property’s purchase price in full, ownership transfers, the seller hands over the keys, and your homeownership journey truly begins. How Is the Settlement Date Decided? During the contract…
What Is a Reserve Price? A Buyer’s Guide
When you’re gearing up for an auction, one number holds the power to seal the deal—the reserve price. What is a reserve price at auction? It’s the lowest amount a seller will accept for their property at auction. If bidding doesn’t hit this figure, the property won’t sell, and the seller can negotiate with interested…
Reverse Mortgage Guide: Unlock Your Home’s Equity
Did you know your home could do much more for you in retirement than just giving you a roof over your head? With a reverse mortgage, you can tap into the equity in your home—the portion of its value you’ve paid off over the years—to fund your lifestyle, cover unexpected expenses, or enjoy greater financial…
What is Mortgage Protection Insurance?
You’ve just signed the papers for your dream home. You’re picturing family dinners in the kitchen, lazy Sundays in the backyard, and the joy of finally calling this space your own. But then a nagging thought creeps in…what happens if life takes an unexpected turn—an illness, an accident, or worse? How would your family keep…
Other Insights from Pherrus
-
STP Reporting for Closely Held Payees: Your 2025 Guide
If you run a family business, trust, or small company where wages often stay within the inner circle, you’re likely familiar with the phrase “STP exemption for closely held payees”. The ATO used to offer a full Single Touch Payroll exemption for these payees, but now you’re required to report their wages and payments through…
-
Your Essential Guide to Register for Single Touch Payroll
Let’s face it: payroll has never been anyone’s favourite part of running a business! But Single Touch Payroll (STP) is not just another admin task—it’s the law. If your business (or the business you manage payroll or bookkeeping for) has employees—whether one or one hundred—you must report certain payroll information directly to the ATO every…
-
How Much Tax Do You Pay on an Investment Property in Australia?
An investment property can help build serious wealth, but if you don’t manage the tax side properly, you could end up handing over more cash to the ATO than you need to. If you’re confused about how much tax you’ll pay on your investment property, you’re not alone. From rental income to capital gains tax,…