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Are you tired of complex payroll calculations? Say goodbye to this headache thanks to our user-friendly payroll calculator that simplifies the process for you. This calculator uses the latest Australian Taxation Office payroll formulas to help you efficiently calculate your employees’ wages, taxes, and deductions with less chance of costly errors, as manual calculations are…
Do you have questions about Single Touch Payroll (STP), the revolutionary payroll system for Australian business owners? You’re in the right place! We’re here to help you understand What is Single Touch Payroll? How does Single Touch Payroll simplify my payroll process? How do I start a Single Touch Payroll? How do I check my…
Running a business in Australia? Then you know how vital it is to keep your payroll in check. It’s not just about ticking boxes for the tax man; it’s about steering clear of pesky fines and keeping your business running smoothly. Plus, it’s how you show your team they’re valued- by paying them correctly and…
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…
Is your business facing a mountain of debt and struggling to keep up with payments? Have you recently received a statutory demand? This formal legal document demands payment from whoever your company owes money to, be it a creditor or the Australian Taxation Office (ATO).  If you have, you’re understandably feeling overwhelmed and stressed. But…
As a small business owner, the prospect of a workers comp audit can be daunting. With the complex regulations and paperwork required, it’s easy to feel overwhelmed and anxious. With Pherrus Financial Services on your side, you can breathe easy. We will help make the audit process simple and stress-free for you. Contact us today…
With June 30th fast approaching, small businesses around Australia are busily ensuring their tax obligations are met. However, in the rush to meet the June 30 deadline, it can be difficult to keep track of the changes coming into effect on July 1st. The changes include increases to the national minimum wage, ASIC fees and…
From November 1st 2021, employers will need to complete a different procedure for new employees when it comes to superannuation. The current situation is that if an employee doesn’t stipulate which superannuation fund they would like contributions made to, employers can assign them to a default superannuation fund. As a result, some employees “collect” several…
The recent Covid-19 pandemic has had devastating consequences for many businesses, particularly those who have had to stop trading since restrictions were imposed in March 2020. Not only are many self-employed people feeling the pinch, firms are being forced to close, or dramatically reduce their workforce. This can leave employees in dire financial straits, at…
The super guarantee amnesty ends in September – make sure you’re prepared The amnesty on companies paying backdated super guarantees comes to an end on 7th September. This amnesty was designed to help companies pay back years of payments that may have gone missing, but without any penalties from the government. If you haven’t yet…