Justin, Author at Boanco

October 2025 Wealth Insight: SMSFs Shift Investment Strategies Ahead of New Super Tax

Leave a Comment / Investment, SMSF, Tax Planning / Justin

The Australian SMSF sector is experiencing major change as trustees respond to looming legislation that will impose a 30% tax on super balances above $3 million. With implementation expected from 1 July 2026, many investors are already rethinking their strategies to protect and grow retirement wealth. Shifting SMSF Investment Trends According to the latest SMSF […]

October 2025 Wealth Insight: SMSFs Shift Investment Strategies Ahead of New Super Tax Read More »

October 2025 Tax Insight: Australians Paying More in Tax Than in Decades

Leave a Comment / Business Tax, Tax, Tax Planning / Justin

A new report from the Household, Income and Labour Dynamics in Australia (HILDA) Survey has revealed a significant milestone in the nation’s tax landscape: Australians are paying a higher share of their income in tax than at any point in the past two decades. In the 2022–23 financial year, households paid an average of 11.7%

October 2025 Tax Insight: Australians Paying More in Tax Than in Decades Read More »

Preparing for 2026: Key Tax and Compliance Considerations for Australian Businesses

Leave a Comment / Business Tax, Tax, Tax Planning / Justin

As 2025 draws to a close, Australian businesses face a rapidly evolving landscape of tax rules, compliance obligations, and reporting expectations. The end of a financial year is not just about closing the books; it’s about positioning your business for success in the new year. With significant regulatory shifts on the horizon for 2026, business

Preparing for 2026: Key Tax and Compliance Considerations for Australian Businesses Read More »

NSW Payroll Tax 2025: Key Updates & Compliance Guide for Businesses

Leave a Comment / Business Tax, Tax, Tax Planning / Justin

Managing payroll tax in New South Wales (NSW) can be one of the most challenging compliance areas for growing businesses. With new payroll tax thresholds, enhanced digital reporting requirements, and closer collaboration between the ATO and NSW Revenue, staying compliant in 2025 is more important than ever. Key NSW Payroll Tax Updates in 2025 1.

NSW Payroll Tax 2025: Key Updates & Compliance Guide for Businesses Read More »

EOFY 2025 Tax Tips for Australian Small Businesses – Stay Compliant and Maximise Returns

Leave a Comment / Business Tax, EOFY, Tax / Justin

As the 2025 financial year draws to a close, small businesses across Sydney and Australia are facing a busy and important tax season. With the ATO sharpening its compliance focus and new reporting obligations emerging, business owners must act early to stay compliant, reduce risks, and make the most of available deductions. In this article,

EOFY 2025 Tax Tips for Australian Small Businesses – Stay Compliant and Maximise Returns Read More »

Why Sydney Businesses Must Act Now on the Amended Payment Times Reporting Scheme

Leave a Comment / Business Tax, Tax, Tax Planning / Justin

The Australian Taxation Office (ATO) has released new draft guidance on how software-related payments should be treated for tax purposes. This change could impact how Australian businesses report expenses for software, licences, and cloud-based services. If your business makes or receives payments for software, it’s important to understand the tax implications to stay compliant and

Why Sydney Businesses Must Act Now on the Amended Payment Times Reporting Scheme Read More »

ATO’s New Draft Guidance on Software Payments – What It Means for Australian Businesses

Leave a Comment / Business Tax, Tax, Tax Planning / Justin

The Australian Taxation Office (ATO) has released draft Practical Compliance Guideline PCG 2025/D4, outlining its approach to cross-border software payments and when these may be subject to royalty withholding tax. For Australian businesses purchasing or reselling software from overseas suppliers, this new guidance offers welcome clarity. But it also highlights some ongoing grey areas —

ATO’s New Draft Guidance on Software Payments – What It Means for Australian Businesses Read More »

ATO Finalises Guidance on Thin Capitalisation Restructures – What Businesses Need to Know

Leave a Comment / Business Tax, Tax, Tax Planning / Justin

The Australian Taxation Office (ATO) has finalised Practical Compliance Guideline PCG 2025/2, which sets out how restructures will be assessed under Australia’s new thin capitalisation regime and the debt deduction creation rules (DDCR). For businesses with related-party financing or refinancing arrangements, this guidance is crucial. It introduces a four-zone “traffic light” risk framework, practical examples,

ATO Finalises Guidance on Thin Capitalisation Restructures – What Businesses Need to Know Read More »

ATO Updates: Deductibility of Interest Charges, Rental Property Rules & Trust Distribution Risks – What Taxpayers Need to Know

Leave a Comment / Tax, Tax Planning / Justin

The Australian Taxation Office (ATO) and recent tribunal decisions continue to shape the tax landscape for individuals, businesses, and trustees. For tax professionals and business owners, staying across these developments is critical — particularly with compliance season approaching. At Boa & Co. Chartered Accountants, we’ve summarised the most significant updates you need to know: 1.

ATO Updates: Deductibility of Interest Charges, Rental Property Rules & Trust Distribution Risks – What Taxpayers Need to Know Read More »