Tax

Effective tax accounting is a complex and high-stakes function. The accuracy of tax provisions is critical to financial reporting, yet vulnerabilities exist due to the reliance on spreadsheets and the dynamic nature of tax regulations. A deep understanding of both tax law and business operations is essential for navigating a constantly evolving landscape. The subjective […]

Understanding the intricacies of tax dates in Australia can save your business money and ensure you avoid any penalties. Staying organized and informed about these dates will make the process smoother and help you meet all your tax and accounting obligations promptly. This comprehensive guide will equip you with the knowledge you need to navigate

The Australian Taxation Office (ATO) has officially opened the gates for Australians to submit their tax returns, especially for those with straightforward tax situations. ATO Assistant Commissioner Rob Thomson announced that the ATO has pre-filled tax returns with information from most banks, employers, government agencies, and private health insurers. “Whether you lodge using a registered

Our tax tools and resources hub is proud to offer a range of practical resources to assist you with your tax obligations. Among these resources are the income tax checklists commissioned by Thomson Reuters. These comprehensive checklists cover a variety of topics, including small business CGT concessions, small and medium business entities, rental properties, and

With tax time around the corner, it’s time to start getting your records in order for your 2023-24 tax return. The Australian Taxation Office (ATO) wants to make it as easy as possible. They have a range of information, digital tools, and services to help small business owners and operators get their tax and super

Every tax season, the Australian Taxation Office (ATO) zeroes in on specific areas where taxpayers are prone to making mistakes, either accidentally or intentionally. For 2024, the ATO’s primary focus areas include: Let’s delve into each of these areas to understand why the ATO is paying special attention to them this year. Work-Related Expenses The

Do I Need an Accountant for a Company Tax Return? Filing a company tax return is a significant responsibility for any business owner. While it might be tempting to handle this task yourself, there are several compelling reasons to consider hiring an accountant to manage your company’s tax return. Expertise in Tax Laws and Regulations

The new financial year has begun, and it’s time to lodge your 2024 FY income tax return. Don’t wait until the last minute – getting your tax return in early means you can receive your refund sooner. BOA Accountants is here to help you navigate the process efficiently and maximize your refund. Here’s why you