05.03.24
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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Quick Loan for Business: What You Need To Know
Ever felt like your business is a car running low on fuel? You can see the destination- growth, expansion, success- but you need a little extra ‘juice’ to get there. That’s where quick business loans come in, acting as your pit stop to fuel up and get back in the race. We’re here to demystify…
New Tax Reporting Law for Platforms Within the Sharing Economy
If you operate any form of asset or service-sharing platform, you need to know about the recent change in tax law. This applies to ridesharing or taxis and short-term accommodation. From July 2024, it will also be rolled out to meal delivery platforms, and all other task-based services, assets and supplies within what is known…
Taxation on Earnings from Online Accommodation Platforms: Get Up To Speed
Many of us use online platforms to find short-term holiday rentals, or to rent out a property for a little extra income. But did you know that any rental income that you earn in this way has to be declared to the tax office, and if you earn rental income on your primary place of…
Security for a Business Loan: A Guide to Business Financing With Security
Securing the right financing can pave the way for the growth and stability of your business. A secured business loan could be your key to success if you’re considering expansion, refinancing, or managing everyday business expenses. This guide will demystify how to receive financing with security to help unlock your business’s potential and propel you…
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…