26.04.24
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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Accounting for Medical Practices
Running a medical practice is no small feat. From diagnosing ailments to offering life-changing treatments, your plate is always full. But amidst the hustle of patient appointments and the commitment to improving lives, another aspect demands your attention- the health of your medical practice’s finances. The challenges of accounting for medical practices can be as…
Accounting for Retail – How an Accountant Can Help
The cha-ching of the cash register or the ping of an online sale is music to every retail store owner’s ears. But as the symphony of a thriving business plays, the accompanying notes of receipts, invoices, and financial statements can sometimes strike an off-key tune. When those complexities threaten to disrupt the harmony of your…
Accounting for the Hospitality Industry – How an Accountant Can Help
If you’re running a hospitality business- a bustling restaurant, a cosy pub, a vibrant club, or an inviting hotel- you already understand the distinct blend of exhilaration and exhaustion that defines this industry. Between the hustle and bustle of pleasing patrons are daily accounting tasks you must take care of. Accounting is the silent yet…
Accounting for Law Firms – How an Accountant Can Help
While your expertise as a lawyer lies in arguing cases and interpreting legislation, managing your law firm’s accounting processes is a completely different matter. The good news? The right accountants have experience putting accounting systems for law firms in place to help your business. In the upcoming sections, we’ll explore the specific financial challenges law…
Other Insights from Pherrus
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What Can I Claim on Tax: A Comprehensive Guide for Small Businesses
We all know the old saying, “You’ve got to spend money to make money”. Small business owners know it particularly well! You invest a large amount of financial capital into your business to generate profit, like purchasing equipment, hiring employees, and marketing your products or services. These expenses and more can be claimed as tax…
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Tax Brackets Australia 2024-2025: New Updates and Cost of Living Benefits
Unfortunately, we’ve all been feeling the pinch of the rising cost of living in Australia. We could use some good news in this regard, right? Well, here it is! The Australian Taxation Office (ATO) has updated the tax rates and brackets for the 2024-2025 financial year. With these adjustments, many Australians will see a reduction…
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What Is Equity, and How Can It Transform Your Finances?
Your home is more than just the place you live; it’s a goldmine quietly increasing in value. Property equity is a powerful asset that can offer you financial security and unlock exciting opportunities in ways you might not have imagined. What is equity, how does it work, and how can you leverage it to your…