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Superannuation Strategies for the New Financial Year (Effective from 1 July 2025)

Leave a Comment / Australian Superannuation /

As we step into the 2025–26 financial year, it’s time to start thinking ahead about your superannuation contributions. Whether you’re a salaried employee, business owner, or nearing retirement, understanding what you can do now can make a real difference to your long-term wealth. There are a few important changes starting from 1 July 2025—and by […]

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Land Tax in 2025: What Every Property Investor Needs to Know – State by State

Leave a Comment / Land Tax /

Whether you’re new to property investment in Australia or have a growing portfolio, land tax is one of the most confusing (and often overlooked) costs. With each state having its own set of rules, rates, and thresholds, it’s no wonder many investors—local and overseas alike—find land tax overwhelming. And in 2025, the rules have shifted

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Super Alert: What You Need to Know About the New Division 296 Tax on Super Balances Over $3 Million

Leave a Comment / Tax /

With the Labor Party securing a majority in the recent election, the proposed Division 296 tax—a new superannuation tax targeting large balances—is expected to pass through Parliament with ease. Although there are still some political negotiations ahead, it’s time for individuals with higher super balances to start preparing. At Boa & Co. Chartered Accountants, we’re

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Preparing Your SMSF for the End of Financial Year: What You Need to Know Before 30 June 2025

Leave a Comment / EOFY, SMSF, Tax /

As we approach the end of the 2025 financial year, it’s time for trustees of self-managed superannuation funds (SMSFs) to take action. Staying on top of your SMSF obligations now can help you avoid costly mistakes, reduce your tax burden, and ensure your fund remains compliant with the Australian Taxation Office (ATO). At Boa &

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Australia’s New Tax Rules for Related Party Loans: What You Need to Know

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ATO Issues New Guidance on Inbound Cross-Border Related Party Debt – Are You at Risk? As of 29 May 2025, the Australian Taxation Office (ATO) has released important draft guidelines that could affect many multinational companies and investors with cross-border related party loans. The new PCG 2025/D2 explains how the ATO will now evaluate the

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South Australia Payroll Tax Update: New Rulings Affect Medical Practices and Regional Health Networks

Leave a Comment / Payroll, Tax /

If you’re a medical practitioner or operate a medical practice in South Australia, two new payroll tax rulings from RevenueSA may directly affect how you manage your payroll obligations from 1 July 2024. At Boa & Co. Chartered Accountants, we’re keeping a close eye on these developments so you don’t have to. Here’s what you

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ATO Releases Updated 2025 Supplementary Annual GST Return: What It Means for Large Businesses and How You Can Prepare

Leave a Comment / Goods and Services Tax (GST), Tax /

If your business is classified as a large enterprise or part of a multinational group, there’s an important update from the Australian Taxation Office (ATO) that may directly affect you. In June 2025, the updated Supplementary Annual GST Return (SAGR) for the 2024–25 financial year comes into effect—and it’s more detailed and structured than ever

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Superannuation Changes from July 1: What’s Really Happening – and What’s Not

Leave a Comment / SMSF /

With July 1 fast approaching, many Australians are hearing mixed messages about changes to superannuation—some true, others completely false. At Boa & Co. Chartered Accountants, we’re here to clear the confusion and ensure you’re well-informed and financially prepared. Superannuation is a hot topic in 2025—especially with changes just around the corner. If you’ve heard rumours

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Are You Liable for Capital Gains Tax When Renting Out a Room in Your Home?

Leave a Comment / Capital Gains Tax (CGT), Case Study /

In today’s economy, many Australians are exploring creative ways to ease financial pressure—especially when it comes to managing mortgage repayments. One popular strategy is renting out a room in your own home. While this can provide a steady stream of income, it’s important to understand that it may also have tax consequences, particularly when it

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