22.04.25
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What is Depreciation? A Hack for Business Owners
Think you’re getting the most out of your business assets? If you’re not using depreciation, you could be leaving money on the table—and the tax office certainly won’t send it back! Depreciation is a powerful tool that reduces your business’s taxable income and boosts its bottom line. What is depreciation, and how can it help…
When to Pay Capital Gains Tax on Property – Avoid the Pitfalls
Thinking of selling an investment or business property? Between finding the right buyer and sorting out paperwork, who wants to worry about getting hit with an unexpected tax bill? Knowing when to pay Capital Gains Tax on property means avoiding nasty surprises, keeping the tax office happy, and—most importantly—pocketing more of your well-deserved profit from…
Supporting The Sydney Children’s Hospitals Foundation Through Impactful Initiatives
At Pherrus Financial Services in Sydney, our commitment to our community goes beyond financial solutions. We care about making a difference where it matters. That’s why we’re proud to partner with the Sydney Children’s Hospitals Foundation (SCHF) to support sick kids and their families during their toughest moments. Through donations and initiatives like City2Surf, we’re…
Tips on How To Avoid Capital Gains Tax on Foreign Property
Are you thinking of selling your holiday home abroad or cashing in on your overseas investment property? It pays to pause before putting up a “For Sale” sign. Selling a foreign property can trigger Capital Gains Tax (CGT) in Australia. This tax can take a surprising chunk out of your property’s sale profit. But with…
Other Insights from Pherrus
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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…
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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…
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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,…