Oct 02

Salary sacrifice vs personal contributions to super

Amongst the changes made to superannuation effective 1 July 2017 was the welcome and sensible move to give everyone who makes a personal contribution to super the option of claiming a tax deduction for it. Prior to this date, tax deductions on personal contributions could only be claimed by the... read more →
Sep 19

What is GDP – and why should anyone care?

GDP. If ever there were three letters designed to make us yawn, these would be solid contenders. So why are they so frequently on the lips of politicians, economists and finance journalists? More importantly, what does GDP mean for everyday Australians like you and me? Let’s get the boring bit... read more →
Aug 28
Aug 21
Best-SMSF-Accounting-Awards

SMSF Accounting Awards Finalists

Leenane Templeton is in the running to take out one of Australia’s most coveted SMSF awards.  Leenane Templeton was delighted to be shortlisted as a finalist in not one but four categories at the state-based 2017 SMSF and Accounting Awards hosted by SMSF Adviser, Australia’s top publication for SMSF professionals. The four... read more →
Aug 01
Jul 15
ATO tax advisor

ATO targeting online selling

The Australian Tax Office is collecting data from financial institutions and online selling sites as part of their data matching programs for credit and debit cards and online selling. The data will include: the total amount of credit and debit card payments businesses received online sellers who have sold at... read more →
Jul 03
work life balance and money

Balancing, Life, Work and Money

This article focuses on the topic many people grapple with in life – what to do to achieve a balance in work and lifestyle without a major impact on finances. It covers various options and recommends financial advice before making a big move. Work-life balance. It’s something everyone seeks, but... read more →
Jul 01

CGT relief provisions for SMSFs

Self-managed super funds can access capital gains tax (CGT) relief to provide temporary relief from certain capital gains arising as a result of trustees complying with the super reforms commencing on 1 July 2017. The CGT relief provisions have been made available to preserve the income tax exemption for certain,... read more →
Jun 14

ATO’s data sharing. Act now before 1 July.

From 1 July this year, the ATO will be able to pass on to credit agencies the tax debt information of businesses that have not effectively engaged the ATO to manage these debts. This should encourage business to pay taxation debts in a more timely manner to avoid affecting their... read more →
Jun 09
financial advice for seniors

2017 year end tax tips

Capital losses Selling poor performing assets may enable you to bring forward a tax loss that can be offset against any capital gains made throughout the financial year. Write-off bad debts To obtain a bad debt deduction, a debt must not be merely doubtful and must be written off as... read more →