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Trump’s New Tariffs: Threat or Opportunity for Australian Businesses?

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As global trade tensions escalate, thousands of Australian businesses are being forced to rethink their export strategies—especially those with supply chains linked to China or customer bases in the United States. At the centre of this disruption is former U.S. President Donald Trump’s recent move to impose sweeping new tariffs, including a 145% tax on […]

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Key SMSF Policy Changes to Know for the 2025–26 Financial Year

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If you’re managing a Self-Managed Super Fund (SMSF), staying ahead of regulatory and tax changes is crucial. Several superannuation policy updates will take effect from 1 July 2025, and many of them will impact how you contribute, manage, and transition your super benefits. Here’s what you need to know—and how Boa & Co. Chartered Accountants

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Think You’re Paying Too Much Tax in Australia? Here’s the Real Picture

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When it comes to income tax, many Australians feel they’re paying more than their fair share. According to a new report from the OECD (Organisation for Economic Co-operation and Development), that feeling might not be entirely wrong—but there’s more to the story. Australia’s Income Tax Rate: High at First Glance The OECD data shows that

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Major Warning: Proposed Super Changes May Hurt Your Wealth — Act Now to Protect Your Future

Leave a Comment / Business Tax, SMSF, Tax /

The Australian Labor government’s proposed changes to superannuation tax rules have sparked serious concern among investors, retirees, and financial professionals. Experts are warning that these changes could damage the very foundations of Australia’s retirement system — the “lifeblood of Australia” — and lead to unintended financial consequences for many Australians. At Boa & Co. Chartered

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Asset Finance: Powering Growth in Australia’s Property and Loan Markets

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— Seize the Opportunity with Boa & Co. by Your Side In recent years, Australia’s property and loan markets have continued to expand, with asset finance playing an increasingly important role. Traditionally used for purchasing vehicles and equipment, asset finance has evolved into a flexible funding tool where businesses leverage their existing assets to secure

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RBA May Rate Cut: Big Four Bank Says It’s a ‘Done Deal’

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If you’re a homeowner or property investor, May could bring good news. According to fresh forecasts from the Commonwealth Bank (CBA), a cut to the Reserve Bank of Australia’s (RBA) cash rate is now looking like a “done deal.”  What’s Behind the Forecast? Australia’s Official Cash Rate: CBA’s latest economic update suggests that headline inflation

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Travel for Work? Here’s What You Need to Know About Travel Deductions in 2025

Leave a Comment / Tax, Tax deduction /

Each year, the Australian Taxation Office (ATO) publishes a ruling on what it considers a “reasonable travel allowance.” If your employer pays you a travel allowance and your claim doesn’t exceed this reasonable amount, you generally aren’t required to keep written evidence like receipts or a travel diary. Sounds convenient? Not so fast. In reality,

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Plan Smart, Gain More:  Why Smart Tax Planning Before June 30 Pays Off Big Time

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Easter has just passed — a time for family, a bit of rest, and maybe a few too many chocolate eggs. But it also marks a crucial time in the financial calendar: we’re just two months away from the end of the financial year. That makes now the perfect time to start getting your tax

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Big Update: Changes to FBT Record-Keeping Rules for 2025 – A Smarter Way to Report Fringe Benefits

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From 1 April 2024, the Australian Taxation Office (ATO) has introduced new flexibility for employers preparing their 2025 Fringe Benefits Tax (FBT) returns. This change gives businesses a practical opportunity to simplify their record-keeping requirements, saving time and reducing paperwork.  What’s Changed? Previously, employers were required to keep specific declarations or travel diaries from employees

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CGT Rollover Relief Confirmed in AusNet Case – What It Means for Business Restructures

Leave a Comment / Capital Gains Tax (CGT) /

In a significant ruling by the Full Federal Court – AusNet Services Limited v Commissioner of Taxation [2025] FCAFC 21 – the Court has dismissed the taxpayer’s appeal and confirmed that a valid Capital Gains Tax (CGT) rollover election was made under Division 615 of the Income Tax Assessment Act 1997. This case provides valuable

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