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