Pherrus

Pherrus Our team consists of some of the best business tax accountants in Sydney who go above and beyond the regular role of an accountant.

If you operate a family business, trust, or small company where wages often go to directors, family members, closely hel...
16/06/2026

If you operate a family business, trust, or small company where wages often go to directors, family members, closely held employees, or company beneficiaries, you’ve likely come across the term “STP exemption for closely held payees.”

These are examples of affected employees whose payments are subject to specific reporting requirements.

The Australian Taxation Office (ATO) no longer provides a single touch payroll exemption for closely held payees.

This change affects both closely held employees and arm’s length employees differently.

However, small businesses now have concessional STP reporting options that make compliance easier and more flexible, especially when payments are irregular, quarterly, or paid as year-end adjustments.

This 2026 guide from Pherrus, Australia’s trusted business tax experts, explains what qualifies as a closely held payee, the reporting methods available, and how to stay compliant this financial year.

It will also cover the impact on family business directors and company beneficiaries.

To read more: https://loom.ly/aBjvJh8

As the 30 June financial year‑end approaches, small businesses across Australia are preparing to finalise their tax obli...
09/06/2026

As the 30 June financial year‑end approaches, small businesses across Australia are preparing to finalise their tax obligations and lodge tax returns.

While reviewing accounts and meeting compliance requirements is vital, it’s equally important to understand the taxation changes that will apply from 1 July 2025.

At Pherrus, we help clients stay ahead of legislative updates and ensure their business remains compliant under the latest tax law changes.

Below, our experts outline the key taxation changes for the 2025–2026 financial year that may affect Australian businesses, households, and taxpayers.

To read more: https://loom.ly/BMMSuXE

Small businesses remain the lifeblood of the Australian economy, employing more than 6.5 million people and driving grow...
02/06/2026

Small businesses remain the lifeblood of the Australian economy, employing more than 6.5 million people and driving growth across multiple industries.

Each year, the federal government unveils its financial roadmap for the nation, the Australian Federal Budget, which sets out spending, revenue, and policy priorities for the year ahead.

The 2026 Australian Federal Budget marks the first full fiscal plan following Labor’s decisive victory in the May 2025 federal election.

In this updated overview, we break down the Australian Federal Budget updates and provide a detailed analysis of the key measures in this year’s federal budget, building on the outcomes of the federal budget 2025, to reveal what it means for small businesses, taxation, and compliance for the 2025–2026 financial year.

To read more: https://loom.ly/eCX0H30

Being unsatisfied with your payroll technology can lead to costly errors, wasted time, and an increased risk of non-comp...
26/05/2026

Being unsatisfied with your payroll technology can lead to costly errors, wasted time, and an increased risk of non-compliance with ATO requirements.

Choosing the right payroll software for your small business in Australia is clearly crucial!

It can save time, lessen stress, and keep you confidently on top of your obligations.

As payroll specialists here at Pherrus, we’ve compiled this guide to help you choose the right software for your small or medium-sized business (SMB).

You can trust our advice because we work with Australian businesses like yours every day, helping them manage payroll efficiently and stay compliant with ever-changing legislation.

To read more: https://loom.ly/hOLpxng

Life doesn’t always go as planned.Whether it’s job loss, parental leave, illness, or another key lifestyle event, unexpe...
21/05/2026

Life doesn’t always go as planned.

Whether it’s job loss, parental leave, illness, or another key lifestyle event, unexpected challenges can make it difficult to keep up with home loan repayments.

If you’re facing financial pressure, you’re not alone and the good news is that lenders across Australia offer flexible home loan repayment options to help you manage.

One of the most common short-term relief measures is the ability to pause home loan repayments (sometimes called a repayment holiday).

However, before you apply to pause your home loan repayments, it’s essential to understand how this decision affects your loan balance, interest, and financial future.

In this guide, the experts at Pherrus Financial Services break down what a repayment pause really means, how different banks handle them, and what to consider before taking this step.

To read more: https://www.pherrus.com.au/what-you-need-to-know-about-pausing-a-home-loan/

The 2026–27 Federal Budget marks one of the most significant shake-ups to Australia’s tax system in decades, with sweepi...
14/05/2026

The 2026–27 Federal Budget marks one of the most significant shake-ups to Australia’s tax system in decades, with sweeping reforms targeting property investors, trusts, and capital gains, alongside meaningful relief for workers and small businesses.

Handed down on 12 May 2026 by Treasurer Jim Chalmers, the Budget reflects the Government’s response to housing affordability pressures, inflation volatility, and long-term fiscal sustainability.

Below is a practical summary of the key changes and why they matter.

To read more: https://loom.ly/Cxn71pE

Do you ever wonder if you’re missing out on valuable tax deductions when contributing to your super? Or perhaps you’ve m...
12/05/2026

Do you ever wonder if you’re missing out on valuable tax deductions when contributing to your super?

Or perhaps you’ve made a personal contribution but aren’t sure whether you can actually claim it?

With updated contribution caps and superannuation rules changing in the 2025–26 financial year, many Australians risk paying extra tax or losing legitimate deductions simply because they don’t understand the process.

At Pherrus, we help individuals and business owners maximise their deductions, understand their personal super contributions, and make use of every available tax advantage. Here’s what you need to know to get it right this financial year.

To read more: https://loom.ly/FllpxoY

Do you ever wonder how some companies attract top talent without simply offering higher salaries?Or why employees at cer...
05/05/2026

Do you ever wonder how some companies attract top talent without simply offering higher salaries?

Or why employees at certain businesses seem happier and more loyal?

The secret often lies in payroll tax fringe benefits, which are the perks beyond salary that make work more rewarding while keeping taxation smart and strategic.

Under the Fringe Benefits Tax Assessment Act 1986 (FBTA Act), fringe benefits are divided into Type 1 and Type 2, and employers must declare fringe benefits as defined by the Act.

In today’s competitive job market, offering fringe benefits isn’t just a nice extra, it’s a powerful tool for retention, motivation, and long-term business growth.

However, it’s also crucial to understand the fringe benefits tax (FBT) obligations and how they relate to payroll tax to avoid unexpected liabilities when lodging your FBT return.

Fringe benefits are defined and assessed under the Fringe Benefits Tax Assessment Act 1986 (FBTA Act), and the Australian Taxation Office (ATO) oversees these assessments.

That’s where Pherrus, your trusted tax and accounting experts, can help you stay compliant, tax-efficient, and competitive in 2026.

To read more: https://loom.ly/OdgmDK8

Feeling the squeeze from rising prices, housing costs, and everyday expenses? You’re not alone.The good news is that the...
28/04/2026

Feeling the squeeze from rising prices, housing costs, and everyday expenses? You’re not alone.

The good news is that the Australian Taxation Office (ATO) has introduced updated 2026 tax brackets in Australia, helping more Australian taxpayers keep a little extra in their pocket this financial year.

The Australian Government will implement personal income tax cuts starting from 1 July 2026, as part of new legislation.

These latest income tax cuts and threshold adjustments are designed to ease financial pressure, reward low and middle-income earners, and help offset inflation.

These personal income tax cuts are legislated and will be phased in over two years, with further reductions scheduled for 1 July 2027.

So, whether you’re an employee, employer, or simply looking ahead to your next tax return, here’s everything you need to know about the 2026 tax rates and how they’ll affect your income.

To read more: https://loom.ly/2fwklfU

If you are like most people, when you hear of a tax agent, you probably think of an accounting professional who can assi...
21/04/2026

If you are like most people, when you hear of a tax agent, you probably think of an accounting professional who can assist you with lodging your tax return.

This is true, to an extent.

While there are many tax agents whose sole skill-sets are taxation and tax law, there are also those whose knowledge and expertise go far beyond taxes.

Yes, they can help you with your tax obligations, some of which include:

Preparing your annual tax return
Advising on how to minimise your tax obligations
Providing advice on compliance with the ATO’s requirements.
But did you know there are tax agents for small businesses?

If you are running a small business, then you can partner with a tax agent who can not only competently perform all of the above but advise you on how to help your business survive and thrive.

Tax agents assist entities such as small businesses with essential registrations like ABN (Australian Business Number), tax file number (TFN), and GST registration, as well as ongoing compliance requirements.

To read more: https://loom.ly/b3uOl4Q

Address

Suite 404-406 29-31 Lexington Drive
Sydney, NSW
2153

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

Telephone

+61290999109

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