Blog - Leenane Templeton - Newcastle Accountants, Business Advisors & Financial Planners

Jan 08

Total superannuation balance and limited recourse borrowing arrangements: Part 1

If the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2018 (‘Bill’) becomes law, an individual member’s total superannuation balance (‘TSB’) may be increased by their share of the outstanding balance of a limited recourse borrowing arrangement (‘LRBA’) that commenced on or after 1 July 2018. However, the increase... read more →

January 8, 2019
SMSF

Jan 07

Putting aged care costs into perspective

A growing number of Australians are encountering the challenges of assisting elderly relatives with the move into aged care. One of them is David. Recently, he had to help his formerly active 78-year-old mother, Jan, with the painful decision to move into care when she was struggling to fully recover... read more →

January 7, 2019
Financial Advisor, Financial Planning

Dec 10

Clearing out your documents for the new year

The holiday period is the perfect time to declutter your documents but avoid throwing out those essentials you need to keep. Since different rules apply to different documents, the length of time a business needs to retain them depends on what the documents are. Holding on to your documents for... read more →

December 10, 2018
Business Advice

Dec 03

Planning for the holiday rush

The holiday rush can be your most profitable time of the year so long as your small business is set up for success in the Christmas period. For many businesses, Christmas time is their most stressful season because they do not adequately prepare for the increased customer demand that occurs... read more →

December 3, 2018
Business Advice

Dec 01

Staff Safety at Christmas Parties

The Christmas party is a joyous event, but it is also a work-sponsored function, and you have a duty of care to provide to your staff on the night. When it comes to planning your Christmas work party, it is important to take the necessary actions to prevent any situation... read more →

December 1, 2018
Business Advice

Nov 30

This has been an exciting week for Sophie Frith.

Year 10 Sophie Frith joined Leenane Templeton this week for work experience. Sophie is no stranger to Leenane Templeton having helped out in the office during holidays, however this week she had a more detailed background and insight into the roles within the business and into what makes the business... read more →

November 30, 2018
Accounting

Nov 29

The new ipso facto regime and SMSFs

The new law pertaining to ‘ipso facto’ clauses came into operation on 1 July 2018. This article highlights the relevance of the new law for SMSFs. Note that the law in this area is complex and a detailed and careful analysis is required to properly understand how the new ‘ipso... read more →

November 29, 2018
Accounting, SMSF

Nov 27

What disqualifies you from having an SMSF

This article covers the main ways a person becomes a disqualified person, the consequences of disqualification and the options available to those who are disqualified. (We refer to a trustee in this article as covering both individual trustees of an SMSF and directors of SMSF corporate trustees.) The ATO will... read more →

November 27, 2018
SMSF

Nov 27

LT Wins 2018 SMSF & Accounting Awards

The winners of the 2018 SMSF and Accounting Awards have been revealed at an awards evening in Sydney. Together with principal partner SuperConcepts, SMSF Adviser announced the winners of the SMSF and Accounting Awards at a gala dinner in Sydney. Leenane Templeton won the Community Engagement Program of the Year... read more →

November 27, 2018
Accounting Awards

Nov 01

Minimising lost opportunity: Payments above ABP minimum

Significant time has passed since the introduction of the transfer balance cap (‘TBC’). During this period, many have become aware of the potential trap caused by the TBC for SMSF members who receive payments above the account-based pension (‘ABP’) minimum annual amount, and have responded by implementing various strategies to... read more →

November 1, 2018
Self managed super funds, SMSF