Reversionary pension vs BDBN: which outcome is preferred? Imagine a conflict between pension documentation and a binding death benefit nomination (‘BDBN’) in a self-managed superannuation fund (‘SMSF’) context. For example,... read more →
The 40s are, for many people, a critical decade for building wealth. Income is usually on the rise, but so are expenses such as mortgages and school fees. Juggling priorities... read more →
Maximise your tax deductions for the 2019-20 financial year by planning and reviewing your records. Here are top tips for businesses and individuals when it comes to year-end tax planning:... read more →
In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has directed otherwise. It... read more →
As the end of the financial year approaches, now is an ideal time to think about ways that you could grow your superannuation. Here are some strategies you can consider... read more →
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 →