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

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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5 Common Tax Return Mistakes That Could Cost You – And How to Avoid Them

Lodging your tax return each year might seem like a simple task, but for many taxpayers—especially migrants or those with multiple income sources—it’s easy to make mistakes that delay your refund or even trigger an ATO audit. Whether you’re claiming deductions, reporting income, or just trying to submit your bank details, even a small error

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Selling Overseas Property After Migrating to Australia: How Jacques and Monique Turned a Gain Into a Tax-Deductible Loss

Many new migrants to Australia own property overseas. But did you know that the way you report capital gains and losses on those foreign properties can significantly affect your Australian tax bill? Let’s take the real-life example of Jacques and Monique, a French couple in their 40s who moved to Australia in 2021. After settling

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Your 2025 Tax Time Toolkit: Practical Strategies for Everyday Australians

As we approach the end of the 2025 financial year, now is the time to take control of your tax position and make smart financial moves. With rising living expenses, mortgage pressures, and insurance premiums still affecting households and businesses alike, tax planning is no longer a luxury—it’s a necessity. At Boa & Co. Chartered

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Tribunal Clarifies What Qualifies as “Eligible” R&D – Why Having an Unknown Outcome is Crucial

A recent tribunal decision has delivered an important reminder for businesses claiming the R&D Tax Incentive: to be eligible, your activities must address an unknown outcome — and that outcome must be clearly identified and tested using scientific methodology. At Boa & Co. Chartered Accountants, we regularly assist clients — especially small and medium-sized businesses

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RBA Cuts Rates Again — What It Means for Your Mortgage and Cash Flow

Australia’s four major banks — Commonwealth Bank, Westpac, ANZ, and NAB — have responded swiftly to the Reserve Bank of Australia’s (RBA) latest cash rate cut, each passing the full 0.25% reduction on to mortgage customers. But while the news is welcome, the real financial impact depends on what you do next. At Boa &

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Maximise Your Tax Return and Avoid Costly Mistakes — Expert Tips for a Better Outcome This Tax Season

As the end of the financial year approaches, many Australians are getting ready to lodge their tax returns. But how can you be sure you’re claiming everything you’re entitled to—without making costly mistakes? At Boa & Co. Chartered Accountants, we work with individuals, families, and retirees across Australia to maximise their tax refunds while staying

Maximise Your Tax Return and Avoid Costly Mistakes — Expert Tips for a Better Outcome This Tax Season Read More »

Accounting & Bookkeeping That Works for You — Supporting Your Growth, Not Just the Numbers

Managing your business finances can often feel overwhelming—especially with ever-changing regulations, tax obligations, and the complexity of self-managed super funds (SMSFs). For many business owners, the real challenge isn’t just about staying compliant, but finding a trusted advisor who understands both the technical and personal side of your business journey. At Boa & Co. Chartered

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ATO Releases Updated 2025 Supplementary Annual GST Return — What Large Businesses Must Know

The Australian Taxation Office (ATO) has officially released the updated Supplementary Annual GST Return (SAGR) for the 2024–25 financial year, with the first lodgement deadline set for 21 August 2025 for taxpayers with a December year end. If your business is part of the Top 100 or Top 1,000 taxpayer groups and has received a

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Mortgage Rates Edge Up: What Homeowners and Investors Should Know Now

On May 13, 2025, mortgage and refinance rates across Australia and the U.S. saw a small upward shift. According to Zillow data, the average 30-year fixed mortgage rate has risen to 6.76%, while the 15-year fixed has moved to 6.07%. These minor changes may be linked to the recent 90-day pause in trade tariffs between

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