Tax

ATO Scrutiny of Wealthy and Private Groups for 2024–2025

As we enter the 2024–2025 financial year, the Australian Taxation Office (ATO) has made it clear: privately owned and wealthy groups are in sharp focus. With increased resources dedicated to data analytics, audits, and education, businesses should take this opportunity to review their compliance strategies—before the ATO comes knocking. At Boa & Co. Chartered Accountants, […]

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What to Know About the New Division 296 Tax on Super Funds

With the Labor Party securing a majority in the recent election, the proposed Division 296 tax—a new superannuation tax targeting large balances—is expected to pass through Parliament with ease. Although there are still some political negotiations ahead, it’s time for individuals with higher super balances to start preparing. At Boa & Co. Chartered Accountants, we’re

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Prepare Your SMSF for EOFY: Key Steps Before 30 June 2025

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 &

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2025 Supplementary Annual GST Return For Large Businessses

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

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Five Common Tax Return Mistakes and How to Avoid Them

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

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Tribunal Clarifies What Qualifies as Eligible R&D in 2025

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

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How to Maximise Your Tax Return and Avoid Errors This Year

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

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