Discover how the new Federal Budget rules reshape tax planning. Master the new standard deduction limits, permanent $20,000 write-off, and trust rollovers.
Eclipse Advisory
Tax deductions
Division 296 Tax: A Major Pivot Towards Fairness and Predictability
Division 296 tax shifts to realised earnings (income/sales), dropping the tax on unrealised gains. New tiered rates: 30% ($3M−$10M) and 40% (>$10M). Effective July 1, 2026. Tax planning on asset realisation is now critical.
Airbnb: Master Tax Challenges and Maximise Deductions
Airbnb: Master Tax Challenges and Maximise Deductions Stay ahead of the curve with expert advice on overcoming tax...
July 2023: GST credits for employee expense reimbursements
The ATO reminds employers they may only claim GST credits on employee expense reimbursements that meet strict criteria. Learn the difference between reimbursements and allowances, and when a GST input tax credit is valid.
ATO Targeting Lifestyle Assets
ATO Targeting Lifestyle Assets The Australian Tax Office (ATO) is targeting privately owned and wealthy groups that...
$20,000 Instant Asset Claim
Small businesses with a turnover of less than $10 million from 1 July 2016 can write-off assets costing less than...
October 2017 Newsletter
October 2017 Newsletter Occasionally, business owners will need to make changes to their net GST liability for any...





