Aug 21

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 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

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 →
Jun 07
Tax Office Scams

ATO warns of scam risk at tax time

The ATO has issued a warning of an increased number of scammers at this time of year.  Last year we saw a number of tax scams including an aggressive phone scam threating taxpayers with arrest and legal action unless they comply, this and many other scams look to continue. ATO... read more →
  • June 7, 2017
  • ATO
May 29
Accounting Award Winner Australia

Australian Accounting Award Winner 2017

Leenane Templeton Wins Australian Accounting Awards for Community Engagement. Leenane Templeton Chartered Accountants & SMSF Advisors have won the community engagement award at the prestigious Australian Accounting Awards, partnered by Thomson Reuters. Andrew & Sarah Frith of Leenane Templeton took out one of Australia's top industry awards. Leenane Templeton was shortlisted... read more →
May 09
Federal Budget News Release 9th May 2017

Federal Budget News 2017

We have pleasure in enclosing a summary of the significant announcements from the Federal Government's 2017 Budget. This is a fairly subtle budget in terms of changes when compared to recent years - almost boring, however there was a strong emphasis on the "political hot potato" of housing affordability. Despite... read more →