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 →
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... read more →
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... read more →
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... read more →
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 →