As 2025 winds down, many Sydney businesses are turning their attention to the 2026 end of financial year (EOFY). With evolving tax rules, stricter reporting requirements, and increased scrutiny from the ATO and state revenue authorities, preparing early has never been more important. In this blog, we highlight the key areas every Sydney business should […]
2026 EOFY Compliance Guide for Every Sydney Businesses Read More »
As the 2025 financial year draws to a close, small businesses across Sydney and Australia are facing a busy and important tax season. With the ATO sharpening its compliance focus and new reporting obligations emerging, business owners must act early to stay compliant, reduce risks, and make the most of available deductions. In this article,
EOFY 2025 Tax Tips for Small Businesses to Stay Compliant Read More »
As the 2024–25 financial year draws to a close, it’s more important than ever for business owners, trustees, and investors to ensure their tax affairs are in order. This year, several areas have attracted greater attention from the ATO, including family trusts, Division 7A loans, franking credits, and superannuation contributions. Here’s a summary of what
2024–25 EOFY Tax Wrap-Up: What to Prepare Before 30 June Read More »
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 &
Prepare Your SMSF for EOFY: Key Steps Before 30 June 2025 Read More »
Year-end financial reporting is a crucial process for businesses of all sizes. It involves preparing and presenting a company’s financial statements at the end of its fiscal year. These reports provide a comprehensive overview of the company’s financial performance and position, and are essential for stakeholders, including investors, creditors, and management. Key Steps in the
What is the Year-End Financial Reporting Process? Read More »
With the financial year ending soon, there are still plenty of ways to reduce your tax and boost your superannuation before July 1. Here are some last-minute tips to help you optimize your finances. Working from Home You are entitled to deductions for costs incurred while earning income and working from home. Items of capital
Last-Minute Ways to Boost Your Finances Before EOFY Read More »
If you use trusts as part of your business or personal investment structure, it’s crucial to address several key compliance activities as the 2024 financial year approaches. Our experts have pinpointed eight essential areas to ensure your trust operates effectively and in compliance with regulations. 1. Review the Trust Deed The trust deed is the
8 Essential Trust Compliance Activities to Complete Before EOFY Read More »
As the financial year comes to a close, it’s crucial for individuals and businesses alike to engage in effective End of Financial Year (EOFY) tax planning. Proactive strategies can not only optimize your financial position but also pave the way for a smoother financial journey in the coming year. In this article, we’ll explore essential
Maximizing Returns: Your Guide to Effective EOFY Tax Planning Strategies Read More »
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 who has worked from home, they may be able to claim a tax deduction for expenses they necessarily incur related to performing their work duties.
What’s New for 2020FY Home Office Tax Claims due to COVID-19 Read More »
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 comes to year-end tax planning: Tax planning tips for small businesses: Check with your accountant or bookkeeper on how you are doing for the financial
EOFY 2019/2020 Tax Planning Guide for Business Read More »