06.12.23
Trending
New Paid Family and Domestic Violence Leave: What You Need To Know
Are you an employer in Australia who is looking to understand the new Paid Family and Domestic Violence Leave policy? This new policy, which is part of the Fair Work Amendment (Paid Family and Domestic Violence Leave) Bill 2022, is set to go into effect in 2023. In this article, we’ll explain what you need…
Real Estate Development Accounting: What’s Different about Development Finance?
Real estate development accounting has plenty of unique complexities and challenges that make it entirely unlike other areas of accounting. Whether you’re exploring hiring a property investment accountant or attempting to grapple with real estate development accounting software, understanding the financial obligations and accounting styles involved in this process is invaluable. We cover everything you…
What Percentage of Tax Do I Pay? FAQs & Answers
Knowing the answer to ‘what percentage of tax do I pay in Australia?’ is key to ensuring you meet your legal obligations and responsibilities. If you’re curious about ‘how do I know what percentage of tax I pay?’ as a business owner or you’re interested in working in Australia as a foreign resident, we’ve covered…
How Much Tax Do I Pay? Where to Learn about Your Tax Obligations
Understanding the answer to ‘how much tax do I pay in Australia?’ is key to ensuring you’re meeting your obligations as a private individual or as a business owner. By gaining clarity on what you will owe and knowing ahead of time what to set aside money for, you can prevent yourself from facing a…
Other Insights from Pherrus
-
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…
-
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…
-
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…