07.01.25
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.
The information and views expressed in the Insights do not constitute professional advice and are general in nature only. If you have any questions about a topic discussed in the Insights or would like to speak to one of our consultants about any other aspect of your business, please fill in our online form or call 02 9099 9109 to book an appointment.
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What Is Asset Management?
New to the asset management game? Think of it like taking care of a garden. Just as a gardener decides what plants to grow where, asset management is about choosing and looking after different types of investments. The main goal of asset management is making sure these investments grow and become more valuable over time,…
Payroll Tax Changes for Medical Practices – Get up to Speed
There has been a recent change to payroll tax that applies to medical practices and practitioners, including dental clinics, radiology centres, physiotherapy practices, and other similar businesses. It comes down to the State Revenue Office’s definition of ‘employee’ and ‘contractor’. It is the employer’s responsibility to deduct a percentage of each employee’s wages as payroll…
Workers’ Compensation Benefits Guide
Whether you’re an employee or employer in New South Wales, you must understand the safety net that workers’ compensation provides. It isn’t just about legal compliance; it’s about peace of mind and protection for everyone in the workplace. In this workers’ compensation benefits guide, we’ll explore this system to understand how it works and what…
Actuary vs Accountant: Key Differences Explained
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…
Other Insights from Pherrus
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Shred or Store? How Long You Need to Keep Tax Records in Australia
You’ve just finished your tax return at tax time. The hard part is done. But then you look at the pile of receipts, invoices, and digital files you’ve gathered over the past year. Now you’re wondering: Do I have to keep all of this? It’s a common dilemma. Individuals, sole traders, and small business owners…
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When Is the Last Day to Do a Tax Return? (It’s Not Always October 31st)
Think October 31st is your tax deadline? Not always! If you lodge your own return, yes, October 31 is usually the cut-off. But if you go through a registered tax agent, you might have a much later deadline. When is the last day to do a tax return to avoid late penalties and stay on…
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How to Save on Tax in Australia This Year: 7 Simple Ways
Tax season is upon us! Are there legitimate ways you can save money on your tax bill this year? There could be! Smart tax planning isn’t about finding loopholes; it’s about knowing how to make the most of the ATO rules that apply to you. If you want to know how to save on tax…