The Insights published on our website have been written by our professional staff strictly for educational purposes.

In some cases, Insights may no longer be up to date, and care should be taken when reading the articles. The publication date of each Insight is included for reference.

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    Retail Accounting and the Retail Method

    You’re great at running your store: keeping customers happy, managing stock, and making sales. But when it comes to accounting, it’s a different story. One look at your financial reports, and you’re thinking, Why does this all look like a foreign language? If you’ve ever struggled with inventory numbers that don’t match, profit margins that…

    Funding Your Dreams: How To Get a Business Loan in Australia

    Have you got an established, thriving café with an old espresso machine on its last legs? Or is your new online store blowing up, and you need more stock fast? Whatever the case, a business loan can keep your business running smoothly or take it to the next level. But finding the right business loan…

    STP Phase 2 Employer Guide: A Simple Explanation

    STP Phase 2 has been in place for a while now, but are you fully across what it means for your business? Many employers have transitioned, but some are still catching up or are unsure if they’re meeting all the reporting obligations. While this phase of Single Touch Payroll (STP) will make your life easier…

    Bank Valuations: What’s the Deal?

    Have you finally found the house you’ve been dreaming of? Or are you selling your home to move on to the next adventure, whether that’s downsizing, upsizing, or relocating? Before the bank hands over a loan to help you buy a place or help a buyer buy yours, they’ll want to know one thing—what’s the…

    Other Insights from Pherrus

    • Cover-ATO-Crypto-Rules-and-SGC-Penalties

      ATO Crypto Rules and SGC Penalties: What Every Business Owner Needs to Know

      When it comes to managing your tax and superannuation obligations, two areas that often cause confusion are the rules that the ATO have set for cryptocurrency and Superannuation Guarantee Charge (SGC) penalties. Both can have serious financial consequences if misunderstood, so it’s important to be clear on how the Australian Taxation Office (ATO) treats cryptocurrency,…

    • Cover-Company-Tax-Due

      When Are Company Tax Returns Due in Australia?

      Unlike the well-known individual tax return deadline of October 31, your company’s tax return deadline can vary.  When are company tax returns due? That depends on your company’s size, tax status, and whether or not you’ve been granted extensions.  Keeping track of due dates can be a hassle with everything else you’ve got going on…

    • Cover-Eligibility-For-Main-Residence-Exemption

      Understanding Eligibility for the Main Residence Exemption

      Selling a property in Australia can come with significant tax consequences, especially when it involves Capital Gains Tax (CGT). However, homeowners may be eligible for the main residence exemption, which can reduce or even eliminate any CGT liability on the sale of their primary home. Claiming the main residence exemption requires meeting specific conditions and…