Our Insights
Getting the main residence exemption right
The ATO has the following tips for taxpayers in relation to the CGT main residence exemption.
Bill to reduce student debt now law
Legislation has recently been enacted which delivers on the 2025/26 Federal Budget announcement to reduce student debts.
ATO Moves to Increase Transparency on ‘Debts on Hold’
From August 2025, the ATO is progressively including ‘debts on hold’ in relevant taxpayer ATO account balances.
Offshore Worker denied $30K in Travel Deductions
Claiming travel expenses? Know what qualifies. A recent case saw a $30K claim denied, with only home office costs approved. Don’t risk a disallowed deduction — get expert advice before you lodge.
ASIC warning about pushy sales tactics urging quick super switches
Thinking about switching super? Don’t rush it. ASIC warns Aussies to watch for pushy sales tactics and risky schemes. Protect your retirement savings by seeking trusted advice first.
Business tax and payroll updates August 2025
Paid Parental Leave just got better — with more weeks, higher payments and super contributions now included. Plus, new rules on Division 7A and tax amendments could impact your business. Need help navigating the changes? Contact Omnis today.
Do You Need to Lodge a TPAR by 28 August?
Need to lodge a TPAR? The 28 August deadline is fast approaching – don’t risk penalties. Contact us today for help lodging or advising the ATO if you’re not required to submit.
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SMSF Trustees and auditors are still relying on outdated practices and risk breaches, penalties and compliance action.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.
