Our Insights
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.
ATO steps up data-matching and debt enforcement
Concerned about ATO data-matching or debt enforcement? Get advice early to avoid penalties and travel restrictions.
Super guarantee obligations – what employers must get right
Unsure if your super processes are compliant — or ready for the closure of the SBSCH? Talk with Omnis Business Advisory in Perth to review your super guarantee obligations, payment methods and employee fund setup before penalties apply.
Payday Super Checklist for Employers
Payday Super starts on 1 July 2026. If you’re an employer, Payday Super means you will need to make a super contribution for eligible employees for each payday. You don’t need to wait until 1 July to get ready – you can start now.
