Interest on the land is denied. Interest on the construction is not. If the bank has written one loan, someone has to do the sums. With negative gearing now quarantined... read more →
The GST you collected stays payable indefinitely. The GST credits you are owed disappear after four years. Falling behind on your BAS lodgements looks like an administrative problem. Left long... read more →
The message accompanying the new trust rules is that there is an easy option with no stamp duty. That is true as far as it goes. It is also the... read more →
Treasury has released the draft legislation. Here is what it says, in plain terms, and what it means for a business or investment held in a family trust. From 1... read more →
Australian businesses that currently pass credit or debit card processing costs on to customers will need to change the way they charge from 1 October 2026. Following its Review of... read more →
You have twelve months. From 1 July 2027, companies must give ASIC the director identification number of every director - through the channels you already use, being the annual review... read more →
"But I can't do my job without it" Every accountant hears it. I have to wear a suit to see clients. The army makes me keep my hair short. I... read more →
If you own a rental property — especially one that doubles as a holiday home or is listed on a platform like Airbnb or Stayz — there are important new... read more →
This month, Leenane Templeton proudly marks 25 years of delivering expert business accounting, taxation, wealth management and self-managed superannuation fund (SMSF) services to individuals, families and businesses across Newcastle and... read more →
This is the right time to start thinking about the end of the financial year. May is Federal Budget month — and we need time to understand what the Budget... read more →
Property development can be complicated, especially when multiple businesses or people are involved. Most arrangements are legitimate, but some are contrived property agreements - set up mainly to reduce tax... read more →
Financial fraud perpetrated by abusive partners and family members has emerged as a deeply damaging form of economic abuse, particularly when victims are nominated as company directors without their knowledge... read more →
Fringe Benefits Tax (FBT) and work vehicles continue to be one of the most common problem areas we see for businesses. Many employers assume certain vehicles - particularly dual-cab utes... read more →
In today’s digital world, people are accumulating assets in more forms than ever. Some are obvious, such as shares or property, while others exist quietly online and are often forgotten... read more →
Payroll might seem like a routine administrative task, but getting it wrong can have serious consequences. Errors in employee payments, superannuation, or tax reporting can create financial, legal, and reputational... read more →
Fringe Benefits Tax (FBT) applies to most non-cash benefits provided to employees in addition to their salary or wages. For employers, understanding FBT is essential to stay compliant, avoid penalties,... read more →
Setting up a Self-Managed Super Fund (SMSF) is only the first step in a long-term financial strategy. While many Australians are drawn to the control and flexibility an SMSF offers,... read more →
After a proper break, getting back into business mode can feel tough. January can feel like one long Monday, making your vacation seem further away by the day. But for... read more →
As Australia begins 2026, there’s no better time for business owners and financially savvy individuals to step back, review, and plan for the year ahead. The start of the year... read more →
It’s not unusual for work and leisure to overlap during the festive season. You might attend a client meeting while away on holiday, or extend a business trip with some... read more →