High-Balance SMSF Members urged to act ahead of Division 296
Holding a large super balance?
Review your estate planning now to avoid future tax headaches. Speak with Omnis’ specialist super advisers in Perth to prepare for Division 296.
Beware of tax advice from ‘finfluencers’
Beware of unqualified ‘finfluencers’ offering tax tips online. Always check your advisor is registered with Australia’s TPB to avoid financial risks.
Auditing the valuation of SMSF assets
SMSF Trustees and auditors are still relying on outdated practices and risk breaches, penalties and compliance action.
Taxpayer Wins Case for Home Office and Car Deductions during COVID
A taxpayer successfully claimed home office and car expenses due to COVID-19 work changes, with the ART ruling in their favour. Learn what this means for similar deductions.
Protect your business with the PPSR
Protect your business assets with the PPSR. Learn how to secure goods, claim GST credits and reduce financial risk when selling, leasing or consigning property.
Essentials Every New Business Owner Needs to Get Right from Day One
Starting a business? Discover the key steps every new business owner must take to stay compliant, manage cash flow and set up for long-term success.
July 2025 changes and deadlines
Stay on top of key employer obligations for 2025–26, including PAYG, STP, SG payments and updated car depreciation and tax thresholds.
Truck driver entitled to claim meal expenses
A recent decision by the Administrative Review Tribunal backed a truck driver’s claim for meal expenses, even though he didn’t have all the usual proof.
Claim Instant Deductions with the $20,000 Asset Write-Off in 2024/25
Eligible small businesses can instantly deduct assets costing less than $20,000 in 2024/25. Find out who qualifies, what assets are included, and how to claim under the ATO’s instant asset write-off.
‘Wild’ attempts at tax deductions
The ATO reveals some of the most outrageous disallowed tax deduction claims, including air fryers, swimwear and fashion highlighting focus areas for tax time 2025.
