Leenane Templeton Chartered Accountants

🎉 Celebrating 25 years of Leenane Templeton 🎉

This month marks a very special milestone for Leenane Templeton 25 years of supporting individuals, families and businesses across Newcastle and the surrounding areas.

Over the past quarter of a century, we have grown alongside our clients, helping them navigate change, pursue opportunities and make informed financial decisions.

From business accounting and taxation to wealth management and self-managed superannuation funds, our focus has always been on providing practical, personalised advice that helps our clients move forward with confidence.

We are incredibly grateful to every client, team member, professional partner and member of our local community who has been part of our journey.

Thank you for placing your trust in Leenane Templeton. We are proud of what we have achieved together and excited about the years ahead.

Learn more about our team and services at www.leenanetempleton.com.au

The Federal Government’s May 2026/27 Budget includes a number of proposed changes that could affect individuals, families, investors and business owners.

Some of the key announcements include:

• A proposed $250 Working Australians Tax Offset from the 2027–28 income year
• A proposed $1,000 instant tax deduction for eligible workers from 2026–27
• Changes to negative gearing and capital gains tax from 1 July 2027
• A proposed 30% minimum tax on discretionary trusts from 1 July 2028
• The permanent extension of the $20,000 instant asset write-off for eligible small businesses
• Changes to electric vehicle FBT concessions
• Increased Medicare levy low-income thresholds
• Further investment in Medicare, aged care, NDIS, housing, cyber security, energy and infrastructure

As always, the detail matters. Some measures are proposed to apply immediately, while others are scheduled for future income years.

We’ve prepared a summary of the key Budget highlights to help you understand what may be relevant to you, your family or your business.

Read the full summary here: https://leenanetempleton.com.au/federal-budget-news-update-2026-27/

Federal Budget News Update 2026-27 - Leenane Templeton - Newcastle Business Accountants, Business Advisors & Financial Planners We have pleasure in enclosing a summary of the highlights from the Federal Government’s May 2026/27 Budget. Electric Car Discount – more sustainable fringe benefits tax treatment of electric cars The Government is adjusting settings of the electric car discount to maintain incentives for the shi...

Is tax planning only something you think about in June?

It shouldn’t be.

Good tax planning helps you understand your position before deadlines arrive, giving you more time to make informed decisions, manage cash flow and avoid unwanted surprises.

Learn what tax planning is, how it works and why it can be valuable for individuals and businesses.

Read more: https://leenanetempleton.com.au/what-is-tax-planning/

What is Tax Planning? - Leenane Templeton - Newcastle Business Accountants, Business Advisors & Financial Planners 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 actually means for your tax position, not just the headline announcements. By the time June arrives, many of the strategies we could act on are...

Selling the family home and considering a downsizer contribution into super?

It can be a smart way to boost retirement savings, but there are important rules to get right — including eligibility, contribution limits, timing requirements and how the rules apply to your situation.

Before making a move, it’s worth understanding the traps and getting advice so you don’t miss out or make an avoidable mistake.

Read more:

What to Watch Out for When Making Downsizer Contributions Into Your Super - Leenane Templeton - Newcastle Business Accountants, Business Advisors & Financial Planners Are you a retiree looking to move into a smaller home after selling the family home? Downsizer contributions offer a valuable opportunity for Australians aged 60 and over to boost their superannuation by contributing proceeds from the sale of their family home. Introduced to help older Australians s...

Life doesn’t always go to plan — and neither does retirement.

Changes to your income, family situation, health, or future goals can all have an impact on your retirement planning. Taking the time to review your strategy can help make sure it still reflects where you are now and where you want to be.

Learn more here:
https://leenanetempleton.com.au/adjusting-your-retirement-planning-when-circumstances-change/

Adjusting Your Retirement Planning When Circumstances Change - Leenane Templeton - Newcastle Business Accountants, Business Advisors & Financial Planners Retirement planning is rarely a “set and forget” exercise. While it’s natural to build a plan based on your current circumstances, life has a habit of changing course. Career shifts, family milestones, and unexpected financial events can all reshape your financial position over time. The key t...

FBT time is almost here... FBT & Cars - where businesses commonly get it wrong!

https://leenanetempleton.com.au/fbt-cars-where-businesses-commonly-get-it-wrong-how-to-avoid-it/

FBT & Cars: Where Businesses Commonly Get It Wrong (& How to Avoid It) - Leenane Templeton - Newcastle Business Accountants, Business Advisors & Financial Planners 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 – are automatically exempt from FBT. Unfortunately, that assumption often leads to unexpected liabilities, am...

Accurate accounting, tax efficiency, audit coordination, and strategic guidance must work together to protect and grow your retirement savings.
Leenane Templeton provides integrated SMSF administration, ensuring every part of your fund is aligned—not just compliant.

🔗 Learn more:
https://leenanetempleton.com.au/why-good-smsf-administration-is-essential-and-how-it-can-save-you-time-money-and-stress/

Poor administration can lead to compliance issues, reporting errors, audit complications, and unnecessary tax exposure—even for well-performing funds.
Leenane Templeton provides comprehensive SMSF administration, helping trustees stay compliant, audit-ready, tax-efficient, and aligned with long-term goals.

🔗 Learn with LT.
https://leenanetempleton.com.au/why-good-smsf-administration-is-essential-and-how-it-can-save-you-time-money-and-stress/

While an SMSF gives you control, poor administration can lead to missed ATO deadlines, incorrect reporting, and unnecessary stress.

Leenane Templeton provides expert SMSF administration to help trustees stay compliant, organised, and confident—long after setup.

🔗 Learn more with LT.
https://leenanetempleton.com.au/why-good-smsf-administration-is-essential-and-how-it-can-save-you-time-money-and-stress/

Ongoing SMSF management matters more than setup.

Without proper administration, SMSF trustees risk compliance breaches, tax issues, audit delays, and missed opportunities.

LT provides end-to-end SMSF management to keep your fund compliant, accurate, and aligned with your retirement goals.

🔗 Learn more:
https://leenanetempleton.com.au/why-good-smsf-administration-is-essential-and-how-it-can-save-you-time-money-and-stress/