Tax Planning

Why Sydney Businesses Must Act Now on the Amended Payment Times Reporting Scheme

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The Australian Taxation Office (ATO) has released new draft guidance on how software-related payments should be treated for tax purposes. This change could impact how Australian businesses report expenses for software, licences, and cloud-based services. If your business makes or receives payments for software, it’s important to understand the tax implications to stay compliant and […]

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ATO’s New Draft Guidance on Software Payments – What It Means for Australian Businesses

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The Australian Taxation Office (ATO) has released draft Practical Compliance Guideline PCG 2025/D4, outlining its approach to cross-border software payments and when these may be subject to royalty withholding tax. For Australian businesses purchasing or reselling software from overseas suppliers, this new guidance offers welcome clarity. But it also highlights some ongoing grey areas —

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ATO Finalises Guidance on Thin Capitalisation Restructures – What Businesses Need to Know

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The Australian Taxation Office (ATO) has finalised Practical Compliance Guideline PCG 2025/2, which sets out how restructures will be assessed under Australia’s new thin capitalisation regime and the debt deduction creation rules (DDCR). For businesses with related-party financing or refinancing arrangements, this guidance is crucial. It introduces a four-zone “traffic light” risk framework, practical examples,

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ATO Updates: Deductibility of Interest Charges, Rental Property Rules & Trust Distribution Risks – What Taxpayers Need to Know

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The Australian Taxation Office (ATO) and recent tribunal decisions continue to shape the tax landscape for individuals, businesses, and trustees. For tax professionals and business owners, staying across these developments is critical — particularly with compliance season approaching. At Boa & Co. Chartered Accountants, we’ve summarised the most significant updates you need to know: 1.

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Plan Smart, Gain More:  Why Smart Tax Planning Before June 30 Pays Off Big Time

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Easter has just passed — a time for family, a bit of rest, and maybe a few too many chocolate eggs. But it also marks a crucial time in the financial calendar: we’re just two months away from the end of the financial year. That makes now the perfect time to start getting your tax

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How High-Income Earners Can Save Thousands with Effective Tax Planning

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Staying compliant and consistent with your tax planning can result in significant savings and redirect your finances towards what truly matters to you and your business. According to the ATO, tax planning is the right of Australian taxpayers to arrange their financial affairs to minimize tax legally. However, it’s crucial to distinguish between lawful tax

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Mastering Tax Planning: Essential Strategies for Financial Success

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Tax planning is a critical aspect of financial management, helping individuals and businesses optimize their tax liabilities and maximize savings. By strategically organizing your finances, you can ensure compliance with tax laws while minimizing the amount you owe. This article will explore the importance of tax planning, key strategies to consider, and how BOA &

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Tax Planning Strategies for Individuals and Businesses

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Effective tax planning is essential for individuals and businesses to minimize tax liabilities, maximize savings, and achieve their financial goals. With careful consideration of tax laws and regulations, strategic tax planning can result in significant savings and improved financial outcomes. This article explores tax planning strategies tailored for both individuals and businesses to optimize their

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Maximizing Returns: Your Guide to Effective EOFY Tax Planning Strategies

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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

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Navigating Year-End Tax Planning for Your Business: 8 Strategies to Secure Financial Success

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As we approach the culmination of 2023, business leaders are confronted with an array of critical decisions that can significantly impact their tax liabilities and overall financial health. The interplay of income deferral, strategic spending, and proactive tax planning becomes paramount. Here, we unravel eight strategies to guide your business through the intricate landscape of

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