Australia’s Digital ID Act and new Trust Exchange
Australia’s Digital Identity Revolution: Introducing Trust Exchange (TEx) and New Legislation Government Unveils Groundbreaking Trust Exchange Technology, Supported by Enhanced Digital ID Legislation for Greater Privacy and Security In a significant development for digital security and convenience, the Albanese Government has unveiled its plans for a groundbreaking digital infrastructure, aimed at transforming how Australians verify […]
Remember the two further ‘boosts’
Seizing Opportunities with New Small Business Deduction ‘Boosts’ Exploring the Skills and Training Boost and Small Business Energy Incentive Although the ‘Technology Investment Boost’ has come to an end (it provided a bonus deduction for eligible expenditure incurred until 30 June 2023), it is important to remember that there are two further ‘boosts’ providing bonus […]
Proper Cybersecurity Vigilance
ATO says “Be cyber-wise, don’t compromise” Four Essential Steps to Safeguard Your Digital World Throughout the 2022 income year, one cybercrime was reported every seven minutes. The ATO encourages taxpayers to implement the following four quick steps to protect themselves. Step 1: Install updates for your devices and software Regular updates ensure taxpayers have the […]
2022/23 Federal Budget
Federal Budget Highlights In this summary: Personal income tax changes (please scroll down) Changes affecting business taxpayers Other Budget announcements 1. Personal income tax changes 1.1 Increase to low and middle income tax offset (‘LMITO’) The Government has announced a once-off $420 ‘cost of living tax offset’ for the 2022 income year, which will be […]
Changes to AGMs and e-communications
Permanent changes to AGMs and electronic communications The Government has introduced into Parliament a Bill to permanently allow companies to use technology to meet their regulatory requirements, and ensure that companies can continue to meet their obligations amid the uncertainty of the COVID‑19 pandemic. These reforms build on the recently renewed temporary relief, which we […]
Business tax update October 2021
Extending administrative relief for companies to use technology The Government has passed legislation renewing the temporary relief that allows companies to use technology to meet regulatory requirements under the Corporations Act 2001. These temporary relief measures will allow companies to hold virtual meetings and use electronic communications to send meeting materials and execute documents until […]
Working together during COVID-19 – UPDATE
Working together during COVID-19 to focus on personal health and safety Firstly we hope that you are all well……..what a few weeks we have all endured! With the changing landscape due to COVID-19, we are all under pressure and face anxious days and nights as we work through what we can and can’t do. As […]
Working together during coronavirus
Working with Omnis Group during coronavirus Focussing on personal health and safety As the situation with the COVID-19 pandemic continues to rapidly escalate in Australia and around the world, we wanted to update all of our clients and key stakeholders on the measures Omnis Group has been putting in place. The priority of any measure […]
Numbers should tell a story
Money is a tricky topic for a lot of business owners There’s the matter of how to account for it, how to present it and, of course, how to raise it. In this day and age where accounting has been made a lot easier and financial information more transparent, how should business owners approach their […]
Real estate insight from Charlie Ball, Elberton Property
Rapid change gives rise to new breed of real estate agents Omnis Real Estate’s Managing Director Justin Flavel CPA talks with Licensed Property Valuer and Developer, Charlie Ball, from Elberton Property in Subiaco, Perth. Elberton Property is a private property development and project management business founded in 2006 by Charlie Ball. Infilling development sites within […]