Pherrus Financial Services

Do you have questions about Single Touch Payroll (STP), the revolutionary payroll system for Australian business owners? You’re in the right place! We’re here to help you understand What is Single Touch Payroll? How does Single Touch Payroll simplify my payroll process? How do I start a Single Touch Payroll? How do I check my Single Touch Payroll? How do Single Touch Payroll Phase 1 and 2 differ? Let’s get started! To read more : https://lnkd.in/guvux5gF #payroll #automatedpayroll #streamlinedpayroll #employee

Single Touch Payroll (STP) allows your business to electronically report payroll information to the Australian Tax Office (ATO) each time you pay your employees. This information includes wages and salaries, pay-as-you-go (PAYG) withholding, and superannuation. This system gives the ATO up-to-date employee payroll and superannuation information throughout the year and aims to make reporting more efficient and accurate for employers. STP isn’t just a hoop to jump through; it’s a step towards simplifying tax time. So stay tuned to learn more about this compulsory tax reporting and how it affects your business. To read more : https://lnkd.in/g784aewf #payroll #digitalpayroll #efficientpayroll #streamlinedpayroll

Congratulations to the Naitasiri Secondary School Girls Rugby League Team, who emerged triumphant, winners of the Fiji Secondary Schools Rugby League Pherrus Trophy Grand Final at King Charles Park in Nadi today. We acknowledge Wainimala Secondary School for the sterling effort displayed during the final, and then equal fun meeting with school students and their families as well as supporters that were at the venue. These girls are an inspiration to aspiring girls in the field of sports and in the continued effort to level the playing field. #InspireInclusion #pherrustrophy #WomenInSports #pherrusfnancialservices

Running a business in Australia? Then you know how vital it is to keep your payroll in check. It’s not just about ticking boxes for the tax man; it’s about steering clear of pesky fines and keeping your business running smoothly. Plus, it’s how you show your team they’re valued- by paying them correctly and on time. That’s where Single Touch Payroll (STP) comes in! We’ve put together this go-to Single Touch Payroll checklist for understanding and implementing efficient and compliant STP reporting. To read more: https://lnkd.in/gY8vx3Sx #accountingsoftware #payroll #streamlinedaccounting #salaryprocessing #automatedreporting #simplifiedbookkeeping

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 it means for you– whether you’re clocking in each day or managing a team. To read more: https://lnkd.in/gJ6G73je #workerscompensation #compensationclaims #employeebenefits #workbenefits #medicalexpenses #funeralexpenses

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 differences to help you understand who you need fighting on your side and when. To read more: https://lnkd.in/gVCCarHF #acturay #actuarylife #dataanalysis #accountant #mathematics #riskmanagement #accountingexpert #charteredaccountant #tax

Pherrus Financial Services sponsorship of the PHERRUS TROPHY Fiji Secondary Schoolgirls Rugby League competition update. 26 talented girls' teams from across Viti Levu will be vying for the coveted trophy this year, including sporting powerhouses Adi Cakobau School and Jasper Williams High School who are new to the league. The competition kicked off Saturday, February 17th with matches in Suva and Lautoka. As a business accounting firm, we at Pherrus Financial Services are thrilled to support the development of women's rugby and provide opportunities for these dedicated young athletes to showcase their skills. We believe in empowering girls both on and off the field. The finals series will take place on April 13th, 20th and 27th at Prince Charles Park in Nadi. Mark your calendars and come out to cheer on Fiji's rising rugby league stars as they compete for schoolgirl rugby's holy grail! A huge vinaka vakalevu (thankyou very much) to Fiji Secondary Schools Rugby League for organising this groundbreaking competition. Here's to an exciting season ahead as these inspiring girls take the field. #PherrusTrophy #PherrusFinancialServices #GirlsRugbyLeague #WomenInSport #FijiRugby #Empowerment

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, just like caring for plants in a garden so they flourish. Let’s explore the strategies, benefits, and best practices of asset management to help you understand how to get it right. To read more: https://lnkd.in/gdPTSJCv #assetmanagement #investmentmanagement #investmentstrategy #financialplanning #smartinvesting

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 tax and to ultimately pay this to the government’s tax office (the exact percentage depends on the state). To read more: https://lnkd.in/eiQUP3Bp #medical #tax #taxchanges #payroll #hospital #healthcaretax #hospitalpayroll #medicalfinancereform

The federal government recently announced changes aimed at closing loopholes in the Fair Work Act that allow for intentional underpayment of employee wages and entitlements. As an accounting and business advisory firm, we want to help our small to medium business clients understand how these changes could impact their operations. To read more: https://lnkd.in/gBJ7EvZb #FairWagesNow #IncomeInequality #WorkersRights #TaxConsulting #TaxLaw #Accounting #FinancialStrategy