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... read more →
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... read more →
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... read more →
From 1 August 2018, The Fair Work Commission introduced a new unpaid family and domestic leave entitlement for employees in all industry and occupation awards. Under the new clause employees... read more →
When self managed superannuation funds (‘SMSFs’) borrow to acquire real property one of the common mistakes is not having the deposit paid from the bank account of the SMSF trustee.... read more →
We are pleased to announce Leenane Templeton Chartered Accountants & Financial Advisors as the major sponsor of the Newcastle Junior Cricket Association representative teams for the next 4 seasons (until... read more →
Whether it’s due to over-enthusiastic lenders or desperate borrowers, failure to adhere to robust lending standards can land some borrowers in serious financial distress. In many cases the difficulties experienced... read more →
The Australian Taxation Office (ATO) has announced changes to the way GST is collected at settlement. According to the ATO, those purchasing new residential premises or potential residential land who... read more →
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... read more →
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... read more →
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... read more →
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... read more →
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... read more →
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,... read more →
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... read more →
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... read more →
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... read more →
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... read more →
With the lead up to June 30, many business owners are busy tying up their tax affairs. During this time it can be easy to lose sight of other business... read more →
On 24 May 2018, the government announced a 12 month superannuation guarantee (‘SG’) amnesty (‘Amnesty’) that proposes to give employers an opportunity to rectify past SG non-compliance without penalty. If... read more →