EOFY

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 […]

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

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

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

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 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 year-end tax planning: Tax planning tips for SMSF trustee: Check the contributions of all members to this SMSF and to any retail or industry funds

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 year-end tax planning: Tax planning tips for personal and family: First of all, please consider Job-keeper payment as part of your income.   Check superannuation