purchase, house, house purchase-3347053.jpg
A Guide To Buying an Investment Property

Buying an investment property can be an effective strategy for building wealth and securing your future. It can help improve cash flow, offers tax benefits and is seen as more…

Read More
savings, budget, investment-2789112.jpg
The 120% skills and training tax deduction

Inside this month, we clear the confusion (as much as possible) on the 120% deduction for skills training and technology announced in the federal Budget. We also look at the…

Read More
euro, money, finance-870756.jpg
End of financial year tax tips

Key takeaways:  If you contribute some of your after-tax income or savings into super, you may be eligible to claim a tax deductionMaking a ‘salary sacrifice’ contribution could see you…

Read More
consulting, edp, businessman-3031678.jpg
April 2022 Round Up – Can a beneficiary disclaim an entitlement to a trust distribution?

The Government is in caretaker mode pending the Federal Election…but that doesn’t mean nothing is happening. The High Court decision in Carter & Ors was a win for the ATO…

Read More
calculator, calculation, insurance-385506.jpg
Six End of Financial Year tax tips for small business and soloists

Poor planning is one of the killers of small business. One big item that many small business operators fail to plan for is TAX, writes Sharon Williams, founder Taurus Marketing.…

Read More
Queensland Small Business Grant – Updated May 2022

Are you a Queensland business wanting to build a new website or promote your business online? The Queensland government just made it easier for you. QLD businesses can now apply for…

Read More
finance, bank, banking-4858797.jpg
Investing In Property vs. Shares:Pros and Cons

The time has come: you’re ready to begin growing your wealth and now you have to decide whether you should invest in a concrete asset like property or embrace the…

Read More
business, handshake, business deal-7111764.jpg
Your Financial Advisor vs Your Loved Ones Whose Advice Is Better?

Picture this:  you’re sitting around the table with your friends and family at your weekly Saturday barbeque when someone starts to talk about how well their investment portfolio is doing…

Read More
family, baby, mom-4962874.jpg
6 Steps To Break The Rent Cycle and Land Your Dream Home

Breaking the rent cycle and saving enough to purchase a home of their very own is a financial goal on the agenda of many everyday Australians. But with housing prices…

Read More
entrepreneur, start-up, man-593358.jpg
Keeping Centrelink Updated: Dos and Don’ts

When it comes to the world of Centrelink payments, it can be hard to know what the best practice is for ensuring you’re still on track to achieving financial success…

Read More
bitcoin, cryptocurrency, crypto-3089728.jpg
Three Tax Tips Must Know When Trading Crypto

Under Corporation Act 2001 (Cth), Cryptocurrency is categorised as a financial product. If you’ve bought, sold, or traded any goods in cryptocurrency you have a tax obligation to retain the…

Read More
people, business, meeting-1979261.jpg
Are your contractors really employees?

Many business owners assume that if they hire independent contractors they will not be responsible for PAYG withholding, superannuation guarantee, payroll tax and workers compensation obligations. However, each set of…

Read More
Questions to Ask yourself
6 Questions to ask yourself before buying an investment property

Australia is navigating a pandemic. The Reserve bank keeps interest rates at a record low and ends stimulus as the Australian economy recovers. Inflation surges as housing and fuel lift…

Read More
New-South-Wales
JobSaver 2.0: A billion-dollar support package for Omicron-affected Businesses

According to Sky News political editor Andrew Clenell, the New South Wales government has announced a new JobSaver-type scheme for businesses affected by the Omicron outbreak. Mr. Clennell said he…

Read More
Director Identification Number
Director Identification Number

If you are a company director, you will need to verify your identity as part of a new director identification number (director ID) requirement. This will serve as a unique…

Read More
Top 5 advantages and disadvantages of self-managed super fund

SMSF is highly regulated by authorities, and they are becoming increasingly popular vehicle for people managing retirement savings due to quicker decision making, accountability, protection from creditors, having control and…

Read More
NSW Government assistance for renters and landlords

The NSW Government has announced new support for renters and landlords impacted by the COVID-19 lockdown, including up to $210 million in grants to eligible landlords. Residential tenants will have…

Read More
2021 NSW Lock Down Business Support

The NSW and Federal Governments have announced a series of new measures to support the business during extended lockdowns of four weeks or more: Up to $15,000 through the expanded…

Read More
A Guide To Buying Property Through An SMSF

Investing in property through a self-managed super fund (SMSF) has grown in popularity in recent years, … A Guide To Buying Property Through An SMSFRead More »

Read More
2021- 2022 Federal Budget Overview

The 2021-2022 Federal Budget overview has released. Here is the highlight of the report: Income tax exemption for qualifying grants made to primary producers and small businesses affected by the…

Read More
Difference Types of Business Structures in Australia

Before you start a business, there are some facts you will need to know. The business structure you choose might impact your business registration process; your tax position’ the safety…

Read More
Q and A of Starting a Business

Q: Do I have to form a corporation in order to turn my hobby into a business? A: To start a business, you don’t have to form a corporation. The…

Read More
The Process of Register a Business in Australia

In this article, we will tell you how to register your business in Australia. There are 4 steps to follow when you registering your business: Decide the business structure Apply…

Read More
Setting Up a Partnership Business in Australia

There are many ways to start a business such as sole trader, partnership, company and trust based on your situation.   A partnership is a group or association of people…

Read More
What are the 3 Types of Residential Properties that can be Acquired by SMSF from Related Party?

There are numerous restrictions prescribed by SIS legislation that the Self Managed Super Fund (SMSF) should constantly comply with when doing investments. One of the most rigorous rules is that…

Read More
Common Reporting Standard (CRS)

Australia is one of countries that has committed to new global standards - Common Reporting Standard (CRS) on the implementation of automatic exchange of financial account information. CRS is a…

Read More
The 1st July 2021 Superannuation Changes

Changes from 1st July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account. In general,…

Read More
Professional Services Firm Profits Under Fire

The Australian Taxation Office (ATO) has been concerned for some time about how many professional services firms are structured – specifically, professional practices such as lawyers, architects, medical practices, engineers,…

Read More
Why Are Some Businesses Returning JobKeeper?

Retail industry vs Covid-19 vs JobKeeper payment Super Retail Group - owner of the Supercheap Auto, Rebel, BCF and Macpac brands - handed back $1.7 million in JobKeeper payments (a…

Read More
The Pandemic Productivity Gap

A recent article published in the Harvard Business Review by Bain & Co suggests that the pandemic has widened the Productivity Gap (is a phrase to describe a sustained difference…

Read More
A New Announcement From ATO of Single Touch Payroll

Single Touch Payroll (STP), is an Australian Government initiative to reduce employers' reporting burdens to government agencies. With STP, you report employees' payroll information to us each time you pay…

Read More
Know Changes to the Application of Foreign Surcharges for Trusts Holding NSW Residential Property

The State Revenue Legislation Further Amendment Act 2020, which came into effect in New South Wales on 24 June 2020, includes changes to “foreign person surcharges” for purchaser duty and…

Read More
Using your SMSF for Property Investment

It became possible for SMSFs to borrow money to fund a direct property purchase. And, SMSFs have become an increasingly popular choice for Australians in recent years.  If you are…

Read More
Advantages and Disadvantages of a Discretionary Trust

If you are considering starting your business through a discretionary trust, it is important to understand how the discretionary trust will impact your business running and understand this structure is…

Read More
Make Trusts Part of Your Future Planning

Clients often ask, “Why do I need a trust?” This question comes up when people want to make lifetime gifts to their children in the future, and even more frequently…

Read More
Tips for Freelance Tax Preparation

  Individuals who have been utilized in conventional work settings are thinking that it’s essential to enhance or supplant their revenue sources. While some intentionally exit their positions, others might…

Read More
Five Small Business Tax Deductions When Claim Tax

  Running a business is not easy since the more you earn an income, the more expenses you incur most, especially when paying taxes. However, some universal rules help the…

Read More
Can Business Loans Be Written Off?

  Acquiring a loan to finance or rather boost business is quite common among different business owners. However, one needs to be cautious when taking the loan and the kind…

Read More
Understanding the ESS changes. Five things you need to know.

  There have been some recent changes to the tax rules when it comes to employee share schemes. There has been an attempt to make them more appealing for employer…

Read More
Do you know about Stamp Duty Concession on certain asset transfers in Self-Managed Super Fund?

Are you a property investor? Are you a trustee of SMSF?   Then you should read this article carefully.  Aside from the lower tax rates which apply within a self-managed…

Read More
7 steps to set up a company in Australia

  Setting up a company may be the first step people think of when coming across starting up a business. Although that is not always the case, there are other…

Read More
What to know about Capital Gains Tax (CGT) and How to Calculate It.

The vast majority of property investors pay Capital Gains Tax (CGT) on a rental property when they sell, or dispose, of it. So it’s important to understand what is CGT…

Read More
What’s New for 2020FY Home Office Tax Claims due to COVID-19

With an increased number of employees working from home due to the Covid-19 pandemic, home office expense claims have become more common deduction items for the 2020 tax year. Anyone…

Read More
3 Types of Dividends for Company Shareholders

  Do you know there are 3 Types of Dividends for company shareholders?  If you have read our previous post "Comparison on Business Structures" you will find that company is…

Read More
5 Mistakes on Self-Manged Super (SMSF) Property Investment

Deciding on getting into property investment through the self-managed super fund or SMSF is something worth considering. If you take into consideration the volatility of the stock market, low-interest rates,…

Read More
When Can I Access My Super Fund?

Generally, you can start withdrawing from your superannuation fund after you've reached your preservation age and you’re retired, but there are instances when you may be able to access super…

Read More
Australia Land Tax – An Introduction

Can You Avoid Remitting Your Land Tax? It is possible to stop paying your monthly land tax. However, that would mean you also stop purchasing more properties.  How would that…

Read More
Do You Want to Retire in Comfort? Investing in Property then

Why invest in property for retirement income? After you retire, you need a plan to generate income. As per the Australian Bureau of Statistics, only about 10% of Aussies who…

Read More
How to Make Tax-deductible Super Contributions

What are tax-deductible super contributions? Tax-deductible super contributions are made from your after-tax income. This income may be from a variety of sources such as your take-home pay, savings, an…

Read More
Minimise Land Tax in Five Easy Ways

  Land tax is a tax payable based on the combined unimproved value of the land a person or entity owns. The land tax is calculated based on how much…

Read More
How to Register an Australian Business Name (ABN)?

What is an ABN? Your ABN is an 11-digit number that represents your business to the gov, other businesses and the public in Australia. Legally you are required to have…

Read More
EOFY 2019/2020 Tax Planning Guide for Business

EOFY 2019/2020 is Approaching!   Is your business ready to save on tax claim? Here are some top tips from BOA & Co.'s tax guide for small business owner when it…

Read More
EOFY 2019/2020 Tax Planning Guide for SMSF Trustee

EOFY 2019/2020 is Approaching!   Are you ready to save on the SMSF tax claim? Here are some top tips from BOA & Co. for SMSF trustee when it comes to…

Read More
EOFY 2019/2020 Tax Planning Guide for Personal/Family

EOFY 2019/2020 is Approaching!   Are you ready to save on personal and family tax claim? Here are some top tips from BOA & Co. for Personal/Family when it comes to…

Read More
Comparison on Business Structures in Australia

At BOA & Co., we pride ourselves in our ability to give you the best financial advice for your business, so that you can have the ease of mind when…

Read More
How to start a business in Australia

If you’re an up and rising entrepreneur looking to start your own business, but have no idea where to start, then this article is for you. To start, you have…

Read More
Assets Depreciation Changes Soften Residential Investor Demand

New changes to the way assets can be deducted The changes mean owners of any property not bought brand new will no longer be able to depreciate assets like air-conditioners,…

Read More
Policy Changes for SMSF Customers & Those Requesting Interest Only Lending

Policy and Process Changes for SMSF Customers & Customers Requesting Interest Only Home Lending. Today, BOA & Co. is implementing policy and process changes for when we lend to Self-Managed…

Read More
Scroll to Top