28.04.25
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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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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,…
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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…
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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…