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.
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.
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.
Dental expenses are private expenses
Think dental bills and grooming costs are tax-deductible? The ATO has issued a clear warning — most personal appearance expenses won’t pass the test.
Common Tax Mistakes Sole Traders Should Avoid
Sole traders, take note — the ATO is cracking down on common tax reporting and expense mistakes. Make sure you’re getting it right.
Getting the main residence exemption right
The ATO has the following tips for taxpayers in relation to the CGT main residence exemption.
Superannuation death benefits
What you need to know about receiving a superannuation death benefit after someone has died.
Tax Office clarifies Division 7A position
The ATO has clarified five common myths about Division 7A tax legislation.
ATO’s notice of government payments data-matching program
ATO to Collect Government Payments Data for Enhanced Compliance Data matching for 2024–2026 will track payments to 60,000 service providers annually, improving tax transparency and accuracy. The ATO will acquire government payments data from government entities which administer government programs for the 2024 to 2026 income years, matching data on government payments made to service […]
