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 […]
2025 Supplementary Annual GST Return For Large Businessses Read More »
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
Superannuation Changes from July 1 Explained Clearly Read More »
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
Capital Gains Tax Rules When Renting Out a Room in Your Home Read More »
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
Five Common Tax Return Mistakes and How to Avoid Them Read More »
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
Selling Overseas Property After Migration: Key Tax Steps Read More »
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
Your 2025 Tax Time Toolkit: Practical Tips for Australians Read More »
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
Tribunal Clarifies What Qualifies as Eligible R&D in 2025 Read More »
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 &
RBA Cuts Rates Again and What It Means for Your Cashflow Read More »
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
How to Maximise Your Tax Return and Avoid Errors This Year Read More »
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
Joint Tax Returns: Key Insights & BOA & Co.’s Guidance Read More »