Whether you’re new to property investment in Australia or have a growing portfolio, land tax is one of the most confusing (and often overlooked) costs. With each state having its own set of rules, rates, and thresholds, it’s no wonder many investors—local and overseas alike—find land tax overwhelming. And in 2025, the rules have shifted […]
Land Tax by State in Australia: 2025 Investor Guide Read More »
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
What to Know About the New Division 296 Tax on Super Funds Read More »
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 &
Prepare Your SMSF for EOFY: Key Steps Before 30 June 2025 Read More »
ATO Issues New Guidance on Inbound Cross-Border Related Party Debt – Are You at Risk? As of 29 May 2025, the Australian Taxation Office (ATO) has released important draft guidelines that could affect many multinational companies and investors with cross-border related party loans. The new PCG 2025/D2 explains how the ATO will now evaluate the
Related Party Loans: New ATO Tax Rules Explained Read More »
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
SA Payroll Tax Update: New Rules for Medical Practices Read More »
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
2025 Supplementary Annual GST Return For Large Businessses Read More »
With July 1 fast approaching, many Australians are hearing mixed messages about changes to superannuation—some true, others completely false. At Boa & Co. Chartered Accountants, we’re here to clear the confusion and ensure you’re well-informed and financially prepared. Superannuation is a hot topic in 2025—especially with changes just around the corner. If you’ve heard rumours
Superannuation Changes from July 1 Explained Clearly Read More »
In today’s economy, many Australians are exploring creative ways to ease financial pressure—especially when it comes to managing mortgage repayments. One popular strategy is renting out a room in your own home. While this can provide a steady stream of income, it’s important to understand that it may also have tax consequences, particularly when it
Capital Gains Tax Rules When Renting Out a Room in Your Home Read More »
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
Five Common Tax Return Mistakes and How to Avoid Them Read More »
Many new migrants to Australia own property overseas. But did you know that the way you report capital gains and losses on those foreign properties can significantly affect your Australian tax bill? Let’s take the real-life example of Jacques and Monique, a French couple in their 40s who moved to Australia in 2021. After settling
Capital Gains Tax on Foreign Property for Australians Read More »