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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
When it comes to getting the most (money) from your annual tax return, there is usually a lot to think about, so we’ve identified a few options that could open... read more →
The Australian Tax Office is collecting data from financial institutions and online selling sites as part of their data matching programs for credit and debit cards and online selling. The... read more →
Self-managed super funds can access capital gains tax (CGT) relief to provide temporary relief from certain capital gains arising as a result of trustees complying with the super reforms commencing... read more →