29.04.24
Trending
Accounting for Home Builders
Could you build a structurally sound house without building plans? Impossible! The same goes for your building business- running a successful company without proper accounting is impossible! The construction industry contributed to 9% of all goods and services produced in Australia in 2022. This statistic highlights the industry’s significant role in the economy, meaning there’s…
Understanding the Changes in the NSW State Budget
Following the announcement of the state budget for 2023-2024, you’re probably trying to get your head around the amendments that are relevant to you. Here are the main points to note: Changes to the Land Tax Exemption for a Principal Place of Residence A minimum ownership requirement is going to come into effect so that…
Outstanding Business Tax Debt
Last July, over 22,000 Australian businesses received warnings from the Australian Taxation Office for having tax debt over $100,000 that is more than three months late. The ATO is on the hunt for a staggering $5 billion owed by businesses fitting this criteria. They’re setting a firm boundary to make things fair for everyone in…
Bookkeeping for Restaurants – How an Accountant Can Help
As a restaurant owner, you want your financial records to be like a masterfully crafted, perfectly seasoned dish, with every number in its proper place and every expense accounted for. But let’s face it, in the fast-paced world of the culinary industry, your finances can sometimes look more like a chaotic kitchen after a Saturday…
Other Insights from Pherrus
-
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…
-
Real Estate Abbreviations, Acronyms, and Terms
The real estate industry is filled with jargon. When dealing with real estate professionals, it can feel like they’re speaking a different language! We’ve compiled this list of real estate abbreviations, acronyms, and terms to help you navigate the world of property buying and selling with confidence and clarity. Quick Navigation A B C D…
-
Best Payroll Software for Accountants
Looking for payroll software that doesn’t just work but works for you? As an accountant, your time is precious, your payroll processes need precision, and your clients expect perfect results. The right payroll software can deliver such results efficiently and seamlessly! But with so many options on the market, which one is the best fit…