If you’re a medical practitioner or operate a medical practice in South Australia, two new payroll tax rulings from RevenueSA may directly affect how you manage your payroll obligations from 1 July 2024. At Boa & Co. Chartered Accountants, we’re keeping a close eye on these developments so you don’t have to. Here’s what you […]
If your business is classified as a large enterprise or part of a multinational group, there’s an important update from the Australian Taxation Office (ATO) that may directly affect you. In June 2025, the updated Supplementary Annual GST Return (SAGR) for the 2024–25 financial year comes into effect—and it’s more detailed and structured than ever
Lodging your tax return each year might seem like a simple task, but for many taxpayers—especially migrants or those with multiple income sources—it’s easy to make mistakes that delay your refund or even trigger an ATO audit. Whether you’re claiming deductions, reporting income, or just trying to submit your bank details, even a small error
5 Common Tax Return Mistakes That Could Cost You – And How to Avoid Them Read More »
As we approach the end of the 2025 financial year, now is the time to take control of your tax position and make smart financial moves. With rising living expenses, mortgage pressures, and insurance premiums still affecting households and businesses alike, tax planning is no longer a luxury—it’s a necessity. At Boa & Co. Chartered
Your 2025 Tax Time Toolkit: Practical Strategies for Everyday Australians Read More »
A recent tribunal decision has delivered an important reminder for businesses claiming the R&D Tax Incentive: to be eligible, your activities must address an unknown outcome — and that outcome must be clearly identified and tested using scientific methodology. At Boa & Co. Chartered Accountants, we regularly assist clients — especially small and medium-sized businesses
As the end of the financial year approaches, many Australians are getting ready to lodge their tax returns. But how can you be sure you’re claiming everything you’re entitled to—without making costly mistakes? At Boa & Co. Chartered Accountants, we work with individuals, families, and retirees across Australia to maximise their tax refunds while staying
The Australian Taxation Office (ATO) is rolling out major changes to how multinational companies must report their cross-border transactions—and businesses, especially in the tech sector, need to act quickly or face steep penalties. If your company has overseas entities, pays related parties for services, or holds intellectual property (IP) offshore, you may be affected by
Tax Update: ATO Cracks Down on Multinationals with New Transfer Pricing Rules Read More »
When it comes to income tax, many Australians feel they’re paying more than their fair share. According to a new report from the OECD (Organisation for Economic Co-operation and Development), that feeling might not be entirely wrong—but there’s more to the story. Australia’s Income Tax Rate: High at First Glance The OECD data shows that
Think You’re Paying Too Much Tax in Australia? Here’s the Real Picture Read More »
The Australian Labor government’s proposed changes to superannuation tax rules have sparked serious concern among investors, retirees, and financial professionals. Experts are warning that these changes could damage the very foundations of Australia’s retirement system — the “lifeblood of Australia” — and lead to unintended financial consequences for many Australians. At Boa & Co. Chartered
Each year, the Australian Taxation Office (ATO) publishes a ruling on what it considers a “reasonable travel allowance.” If your employer pays you a travel allowance and your claim doesn’t exceed this reasonable amount, you generally aren’t required to keep written evidence like receipts or a travel diary. Sounds convenient? Not so fast. In reality,
Travel for Work? Here’s What You Need to Know About Travel Deductions in 2025 Read More »