The GST you collected stays payable indefinitely. The GST credits you are owed disappear after four years. Falling behind on your BAS lodgements looks like an administrative problem. Left long... read more →
The message accompanying the new trust rules is that there is an easy option with no stamp duty. That is true as far as it goes. It is also the... read more →
Treasury has released the draft legislation. Here is what it says, in plain terms, and what it means for a business or investment held in a family trust. From 1... read more →
Australian businesses that currently pass credit or debit card processing costs on to customers will need to change the way they charge from 1 October 2026. Following its Review of... read more →
You have twelve months. From 1 July 2027, companies must give ASIC the director identification number of every director - through the channels you already use, being the annual review... read more →
Getting the Interest Deduction Right There are two clean ways to fund a trust investment with borrowed money and keep the interest deductible. There is also a common approach that... read more →
"But I can't do my job without it" Every accountant hears it. I have to wear a suit to see clients. The army makes me keep my hair short. I... read more →
From 10 August 2026, super funds can no longer borrow to buy a home or unit as an investment. If you already have a loan, you are protected. If you... read more →
The start of a new financial year brings updated superannuation contribution limits, and for 2026-27, both caps have moved upward. Whether you are looking to grow your retirement savings, take... read more →
If you own a rental property — especially one that doubles as a holiday home or is listed on a platform like Airbnb or Stayz — there are important new... read more →
This month, Leenane Templeton proudly marks 25 years of delivering expert business accounting, taxation, wealth management and self-managed superannuation fund (SMSF) services to individuals, families and businesses across Newcastle and... read more →
Superannuation is one of the best tax-saving tools available to everyday Australians. The government wants people to save for their own retirement, so it offers real incentives to put money... read more →
May is the time to start thinking about who will receive income from your family trust this year — and how much. This decision must be made before 30 June,... read more →
We have pleasure in enclosing a summary of the highlights from the Federal Government's May 2026/27 Budget. Electric Car Discount – more sustainable fringe benefits tax treatment of electric cars... read more →
This is the right time to start thinking about the end of the financial year. May is Federal Budget month — and we need time to understand what the Budget... read more →
Property development can be complicated, especially when multiple businesses or people are involved. Most arrangements are legitimate, but some are contrived property agreements - set up mainly to reduce tax... read more →
When you’re running a business, there’s a lot going on behind the scenes in your financial reports that you may not think about day to day. One of the most... read more →
Financial fraud perpetrated by abusive partners and family members has emerged as a deeply damaging form of economic abuse, particularly when victims are nominated as company directors without their knowledge... read more →
Are you a retiree looking to move into a smaller home after selling the family home? Downsizer contributions offer a valuable opportunity for Australians aged 60 and over to boost... read more →
Retirement planning is rarely a “set and forget” exercise. While it’s natural to build a plan based on your current circumstances, life has a habit of changing course. Career shifts,... read more →