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The Australian Chamber of Commerce and Industry, the Business Council of Australia, and other business groups have lobbied for the lowering of the corporate tax rate for years. Therefore, the tax cut comes as good news to Australia’s businesses, as a substantial tax reduction is exactly what business owners and investors need in a tough…
Whether you’re an individual privately importing goods or an organisation doing so as part of your business, it is essential you understand how these goods are taxed and your obligations regarding these taxes. Studies have shown that individuals, small businesses and medium sized businesses are the most likely to make what can be very costly…
Here at Pherrus, we’re committed to keeping our clients in the loop when it comes to anything that might have an impact on your finances, and we’re always staying up to date with any new developments in this sector. A recent report by the OECD(Organisation for Economic Cooperation and Development) has highlighted some potential concerns…
First off, congratulations for getting your business off the ground. You’re one in a million. Actually, you’re one in 2,100,162 or so businesses operating in Australia right now, according to the latest figures from the Australian Bureau of Statistics. Right now is a great time to grow your business, as more and more potential partners (or competitors) are growing theirs…