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 →
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 →
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 →
When you’re running a business, there’s a lot going on behind the scenes in your financial reports that you may not think about day to day. One of the most... 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 →
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 →
From 1 July 2026, employers across Australia will be required to pay superannuation to employees at the same time as salary and wages – a major shift from the current... 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 →
The festive season is a great time to show your staff appreciation. Many business owners like to give Christmas gifts, but a common question arises: are these gifts tax-deductible? The... read more →
The festive season often brings more than just holiday cheer. For many Australians, it’s also a time of extra shifts, overtime hours, and sometimes even a Christmas bonus. While that... read more →
For sole traders, the end of the calendar year can be a hectic time - faced with wrapping up the work for the previous year and preparing for the following... read more →
Australia’s superannuation system is set for one of its biggest shake-ups in decades. The government’s “Payday Super” draft proposal aims to make super payments faster, fairer, and more transparent -... read more →
Diversification is often hailed as a smart growth strategy—spreading your business into new products, services, or markets so you’re not reliant on a single revenue stream. When done well, it... read more →
Succession planning is all about preparing for the future and ensuring your business or family legacy thrives when it’s time for leadership to change hands. For many, it’s a way... read more →
Estate planning is often thought of in terms of personal assets—homes, investments, and superannuation. But for business owners, the business itself is usually one of the most valuable assets they’ll... read more →