Capital losses Selling poor performing assets may enable you to bring forward a tax loss that can be offset against any capital gains made throughout the financial year. Write-off bad... read more →
The ATO has issued a warning of an increased number of scammers at this time of year. Last year we saw a number of tax scams including an aggressive phone... read more →
Leenane Templeton Wins Australian Accounting Awards for Community Engagement. Leenane Templeton Chartered Accountants & SMSF Advisors have won the community engagement award at the prestigious Australian Accounting Awards, partnered by Thomson... read more →
We have pleasure in enclosing a summary of the significant announcements from the Federal Government's 2017 Budget. This is a fairly subtle budget in terms of changes when compared to... read more →
Newcastle based Leenane Templeton Chartered Accountants & Business Advisors has been shortlisted for the prestigious Australian Accounting Awards, partnered by Thomson Reuters. Andrew Frith of Leenane Templeton is in the... read more →
Here's an easy way to understand asset allocation The allocation of your money to different types of investment assets, generally referred to as “asset allocation”, is the major factor that... read more →
It’s a common question asked by employees: “what should I do about my super?” If you are an employer or manager and feel confident of your knowledge of superannuation and... read more →
Despite the Australian Tax Office’s education campaign on GST reporting, many small business owners continue to make errors when claiming GST credits in their GST returns or Business Activity Statements.... read more →
Late last year saw the Australian Tax Office (ATO) develop a safe harbour for car fringe benefits. A safe harbour is a guideline that allows Australian businesses to make use... read more →
If 50 really is the new 40, then life has just begun. The kids are gaining independence or may have left home, and the mortgage could be a thing of... read more →
Typically your forties is a time of established careers, teenage kids and a mortgage that is no longer daunting. There are still plenty of demands on the budget, but by... read more →
If you are in your thirties, chances are life revolves around children and a mortgage. As much as we love our kids, the fact is they cost quite a lot.... read more →
Superannuation is for the oldies, right? In some ways that’s true, but even in your twenties there are good reasons to take a bit more interest in your super. The... read more →
It's Christmas Eve, and I find myself feeling grateful for all that I have, however over the Christmas period it's also time to think about those less fortunate than ourselves. Giving... read more →
It is common for employers to close down over the traditionally slow Christmas shutdown and New Year period. During this Christmas shutdown period, employers need to be aware of their... read more →
With the Christmas season just around the corner, employers would be wise to take precautions when planning the work Christmas party to avoid any legal repercussions. The festive season brings... read more →
The holiday season provides the perfect opportunity to connect with customers and leverage off the seasonal shopping period. For many businesses, the upcoming Christmas season presents a peak in sales.... read more →
While it can be quite fun celebrating the year’s achievements at the annual Christmas party, it pays to be aware of the tax implications of these celebrations. Christmas parties can... read more →
Virtual currencies, or cyber currencies, are both a medium of exchange and a store of value, just like traditional money. However, unlike banknotes or coins cyber currencies exist only as... read more →
Establishing your business’ terms and conditions may seem like an onerous task among the neverending to-do lists, but getting it right is essential for healthy cash flow. Terms and conditions... read more →