The basic function of a trust is to separate control and ownership. The result of using a trust is that assets are protected and profits are distributed in the most... read more →
What’s on and off the table Now that the Liberal/National Coalition has been returned to Government what are the key tax policies that are now on and off the table?... read more →
Staying on top of record-keeping all year round can save time, reduce stress for small business owners and help to maximise your tax return. Although record-keeping can seem like a... read more →
Single Touch Payroll (STP) is changing the way employers report their workers’ tax and super information to the ATO. Employers are expected to report information on a variety of areas... read more →
Leenane Templeton has been named a finalist in the Australian Accounting Awards for SMSF Firm of the Year. The Australian Accounting Awards, in partnership with Intuit QuickBooks Australia, is the... read more →
The ATO often focuses on specific behaviours, characteristics and tax issues that are suspicious and can lead to investigations. Due to enhancements in technology, the ATO has expanded its data... read more →
The recent case of Burgess v Burgess [2018] WASC 279 (‘Burgess’) continues a line of cases that consider the conflict that arises where a person acts as executor of a... read more →
It's Fringe Benefits Tax Time The end of the FBT year is fast approaching, and it is a good time to reflect on your FBT plans for 2019-20. Fringe benefits... read more →
We compare the option of a director nominating an alternate director in contrast to nominating a successor director in a self managed superannuation fund (‘SMSF’) context to determine which is... read more →
Scammers have developed a different tactic over the new year to impersonate the ATO. Perpetrators are using an ATO number to send SMS messages to taxpayers, asking them to click... read more →
Local charity Hope4Cure Foundation and public hospital Calvary Mater Newcastle have joined forces to support women and their families experiencing ovarian and gynaecological cancer in the Hunter region. Following a... read more →
In the last week several key superannuation measures potentially impacting your super were passed by both Houses of Parliament. These are designed to protect members with small super balances as... read more →
Leenane Templeton has been selected as an Australian Small Business Champion Finalist from over 2,000 entries. The awards Managing Director said " This achievement is testament to the vision, planning... read more →
We compare the option of a director nominating an alternate director in contrast to nominating a successor director in a self managed superannuation fund (‘SMSF’) context to determine which is... read more →
Single Touch Payroll to include all businesses in 2019 On 1 July 2018, the Australian Tax Office (ATO) rolled out Single Touch Payroll (STP). This changed the way employers with... read more →
Under certain circumstances, an individual member’s total superannuation balance (‘TSB’) will be increased by their share of the outstanding balance of a limited recourse borrowing arrangement (‘LRBA’) that commenced on... read more →
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... read more →
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... read more →
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... read more →
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,... read more →