Our Insights
EOFY 2026: The record-keeping habits that separate clean tax returns from costly ones
If your record keeping feels reactive rather than reliable, now is the time to reset. Reach out to Omnis to review your systems, close any gaps and make EOFY a process, not a problem.
Experience a smoother FBT tax time by getting fringe benefits right
It’s FBT tax time – are you ready? Get on top of your obligations, prepare for fringe benefits tax time and ensure you’re ready to lodge and pay your FBT return.
SMSF Asset Valuations: Trustee Responsibility and Auditor Oversight
Who’s responsible for valuing SMSF assets and what does your auditor actually check? Here’s what trustees need to know.
ATO Data Matching Targets Contractors Omitting Income
The ATO is using data matching to identify contractors who fail to report income. Ensure all contracting payments are correctly included in your tax return.
ATO Targets Cash-in-Hand Businesses Avoiding Tax and Worker Obligations
The ATO is increasing scrutiny on businesses using cash to avoid tax, super and employment obligations. Ensure your records and reporting meet compliance requirements.
GST Credits and BAS: What can (and cannot) be claimed
Before lodging your BAS, review GST credit claims carefully. Ensure purchases are eligible, correctly apportioned and supported by valid tax invoices.
Key Details of Proposed Division 296 Legislation
Division 296 legislation introduces additional tax on super balances above $3 million, outlining new thresholds, tax rates and timing for affected high-balance super members.
$20k Instant Asset Write-Off Extended to 30 June for Small Business
The Government recently passed legislation to extend the $20,000 instant asset write-off for small businesses by 12 months to 30 June 2026.
Don’t lose GST and fuel tax credits to the 4-year rule
If you’ve identified unclaimed GST or fuel tax credits nearing expiry, talk with Omnis. We can help you choose the fastest and safest way to claim them before the 4-year time limit runs out.
What the New Mandatory Cash Acceptance Rules mean for Retailers
Not sure if the cash mandate applies to your business? Talk with Omnis Business Advisors in Perth to check your obligations, exemptions and compliance steps today.
SMSF crypto audits face tougher rules
For trustees, crypto investing through SMSFs is entering a much more regulated environment where audit-ready documentation will be essential.
Division 296 Super Tax Bill introduced to Parliament
The Division 296 super tax bill was introduced to Parliament this week, targeting balances above $3 million and increasing tax rates on future earnings from 1 July 2026.
