Sep 17

How are super death benefits taxed?

When it comes to how the super death benefit is paid out, there are specific tax implications involved which affect the amount a nominated beneficiary will receive. In a situation where super is paid out after an individual has passed, it is generally split up into two components; taxable and... read more →
Sep 10
Tradie accountants Newcastle Australia

Claiming the $20,000 instant asset write-off

Businesses with an annual turnover less than $10 million (from 1 July 2016) can claim the $20,000 instant asset write-off. Eligible businesses can take advantage of the instant asset write-off for the business portion of their assets, providing they bought and installed the assets for less than $20,000 each. Avoid... read more →
Sep 04

A different way to help the grandkids

Many grandparents want to give their grandchildren a head start in life, and a common way to do so is to help by paying some (or all) of their school fees. This can, of course, simply be done by making a contribution at the time the fees are payable. However,... read more →
Aug 30

Strategies to reduce your total superannuation balance Pt 3

Due to the importance of total superannuation balance (‘TSB’) testing under the major superannuation reforms, fund members have a strong incentive to carefully monitor their TSB over time and plan accordingly to moderate their TSB to fall within certain key thresholds. In part 1 of our series, we discussed the... read more →
  • August 30, 2018
  • SMSF
Aug 29

SMSF & Accounting Awards Finalists

Leenane Templeton has been shortlisted for SMSF and Accounting Awards 2018 The firm is officially in the running to take home an award at the prestigious SMSF and accounting event of the year. Leenane Templeton joins the roster of finalists to win “community engagement program of the year” award at... read more →
Aug 23

Strategies to reduce your total superannuation balance: Part 2

An individual’s total superannuation balance (‘TSB’) determines many of their superannuation rights, entitlements and obligations. Accordingly, there is a strong incentive for individuals to carefully monitor their TSB over time, particularly towards the end of a financial year (‘FY’) when most TSB thresholds are tested. In part 1 of our... read more →
  • August 23, 2018
  • SMSF
Aug 20
superannuation statements

Unlocking the mysteries of your super statement

Superannuation statements. Boring, right? But if, like many people, you toss your annual super statement in a drawer or hit delete, you could be depriving yourself of many thousands of dollars just when you need it. So it’s worth the small effort to take a closer look at your superannuation... read more →
Aug 16

Strategies to reduce your total superannuation balance: Part 1

An individual’s total superannuation balance (‘TSB’) determines many of their superannuation rights and entitlements, such as eligibility to contribute after-tax amounts into superannuation without an excess arising. Accordingly, there is a strong incentive for individuals to carefully monitor their TSB over time, particularly towards the end of a financial year... read more →
  • August 16, 2018
  • SMSF
Aug 15

Super in your 60s. It’s not too late.

For most Australians, their 60s is the decade that marks retirement. For some this means a graceful slide into a fulfilling life of leisure, enjoying the fruits of a lifetime of hard work. However, for many it means a substantial drop in income and living standards. So how can you... read more →
Aug 07

The secret to ‘living the dream’

We all, to a greater or lesser extent, have an idea of our dream lifestyle. So how, as a nation, are we faring? To find out, the Financial Planning Association of Australia (FPA) commissioned a survey of more than 2,600 people from around the country. The resulting Live the Dream... read more →