Business News

ATO Expands Guidance on Ordinary Time Earnings (OTE): What Sydney Employers Need to Know

Leave a Comment / Payroll, Tax /

The Australian Taxation Office (ATO) has released updated and expanded guidance on what constitutes Ordinary Time Earnings (OTE) for superannuation guarantee (SG) purposes.This update provides employers with clearer examples and practical explanations to help ensure accurate super contributions and reduced compliance risks. For Sydney employers, payroll teams, and business owners, this is a timely reminder […]

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

Leave a Comment / Tax, Tax Planning /

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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Western Australia Sees 42% Surge in Business Closures – How to Protect Your Business

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Small Businesses Under Pressure as Insolvencies Reach Record Highs Western Australia has seen a staggering 42% increase in business insolvencies, with over 1,000 businesses shutting down between January and December last year. This dramatic rise, revealed by recent ASIC data, highlights the severe financial distress faced by business owners across the state. The construction and

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Business News Updates: ASX Fluctuates Amid Earnings Season, CBA Profit Rises, and Banks Cut Fixed Rates

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The Australian share market experienced volatile trading as the corporate reporting season picked up momentum, with mixed earnings results influencing investor sentiment. Meanwhile, Commonwealth Bank of Australia (CBA) posted a strong profit increase, and several major lenders responded to shifting economic conditions by cutting fixed mortgage rates. ASX Swings as Earnings Reports Roll In The

Business News Updates: ASX Fluctuates Amid Earnings Season, CBA Profit Rises, and Banks Cut Fixed Rates Read More »

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