Message from CEO

Dear JV Partners,

As I pen this note on the final working day of the month in the second last month of the financial year, it feels like there is more optimism in the air. You will no doubt have your own views around this and how founded (or otherwise) this may be, but I’d prefer to take a glass half full approach. We have remained very busy throughout May with client contact and many recommendations and portfolio changes in a period where markets have been kind to investors with a strong rebound.

Over coming weeks we will continue to consult with clients and best prepare them for the year ahead as we ourselves will complete budgets and revise / update business and advice strategies on the basis of what we know today, as I am sure you will be doing or have already done in your own firms.

On 1 June we start returning to our offices across the country, except for in Melbourne where the return date is 1 July. We have taken a four phase approach to the office return, respecting our teams wishes and offering alternatives for how we continue to work in the best interest of clients and our teams health and safety, we are taking a gently gently approach with 10% of our team returning to office in phase one.

We hope you are remaining safe, and please if you need us for anything do not hesitate to get in contact.

Best, Simon and the Prime team.

WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

Personal Super Contribution Checklist

When devising a super contribution strategy, Prime’s Private Client Advisers must research the client’s personal and financial circumstances, and consider the super contribution rules to ensure that our recommendations are in the client’s best interest and can be implemented.

Click below for the key steps to ensure a robust personal super contributions strategy.
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WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

Corporate Actions & Updates

As part of keeping you up to date on the communications that we are discussing with clients, please click below for the most recent notes we sent out.

2020.05.28
Webjet (WEB) – Sell

2020.05.15
Invocare (IVC), Spark Infrastructure (SKI) and Qualitas (QRI)

2020.05.11
QUB Entitlement Offer

2020.05.08
Oil Search (OSH) – Sell

EVENTS

Wealth Management & SMSF Forum – Sessions

We’ve been hosting sessions on the latest market updates and SMSF action items. To view previous sessions, please click below. We’ll inform you of the next session soon.
VIEW SESSIONS

EVENTS

Business Owners Strategy Forum – Sessions

We’ve had 11 successful forums in the last 11 weeks, covering tax planning, digital transformation, and more. Click below to view the sessions.
VIEW SESSIONS

SMSF

End of the financial year – are your clients’ SMSFs ready?

With the end of the financial year fast approaching, now is the perfect time to ensure everything is in place for your SMSF clients before 30 June. The following are some superannuation strategies that you need to keep in mind.
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SMSF

Ask Alan Podcast with Managing Director – SMSF, Olivia Long

Olivia Long and Alan Kohler (Editor-in-Chief, Eureka Report) discuss the latest changes to SMSF and pension regulation, whether now is a good time to be topping up an industry super account, and more. Click below to have a listen.
LISTEN TO PODCAST

ACCOUNTING SUPPORT

$10,000 Business Support Fund Grants – Eligibility Expanded

The criteria has expanded to include businesses with a wages bill less than the payroll tax threshold of $650,000 that are participating in the Commonwealth Government’s JobKeeper program, regardless of the sector they operate in. Click below to read more.
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ACCOUNTING SUPPORT

R&D and EMDG Updates

R&D Tax Incentive

There is still an ability to lodge R&D tax incentive applications for the previous tax year ended 30 June 2019 due to a COVID-19 extension.   The extended lodgement date is 30 September 2020.

R&D tax incentive applications for the current tax year ended 30 June 2020 are can be lodged with AusIndustry anytime from 1 July 2020.

Getting organised early and accessing the government’s 43.5% R&D tax incentive cash rebate could provide a vital form of funding to assist your business get past the current COVID-19 situation.

If you can’t wait until after 1 July 2020 there may be an ability to obtain R&D finance now to enable you draw down up to 80% of what you have already spent this year on eligible R&D activities. Prime are able to provide an introduction to relevant R&D finance providers and assist with the application process.

Export Market Development Grant (EMDG)

EMDG applications for the current financial year ended 30 June 2020 can be lodged with Austrade from 1 July 2020.

This grant provides exporters with an annual reimbursement of up to $150k – based on 50% of their eligible promotional expenses. There are several expense categories including online advertising, appointment of overeas reps and securing overseas patents and trademarks.

As such there is still an ability to incur eligible expenditure without leaving Australia.

Austrade also announced some COVID-19 stimulus to the EMDG including removal of the requirement to generate export income from the businesses 3rd claim onwards.

Prime can assist any clients navigate the EMDG and start planning and collating documentation to submit their next annual claim from 1 July to gain access to the available funding as soon as possible.

For any enquiries or support:

Melbourne team
Brendan Brown Simone Quin

Brisbane team
John Driscoll Sean Fincham

 


The information in this page contains general advice and is provided by Primestock Securities Ltd ABN 67 089 676 068, AFSL 239180 (‘Prime’). That advice has been prepared without taking your personal objectives, financial situation or needs into account. Before acting on this general advice, you should consider the appropriateness of it having regard to your personal objectives, financial situation and needs. You should obtain and read the Product Disclosure Statement (PDS) before making any decision to acquire any financial product referred to in this page. Please refer to the FSG (https://www.primefinancial.com.au/fsg) for contact information and information about remuneration and associations with product issuers. This information should not be relied upon as a substitute for professional advice, and we encourage you to seek specific advice from your professional adviser before making a decision on the matters discussed in this page. Information in this page is current at the date of this page, and we have no obligation to update or revise it as a result of any change in events, circumstances or conditions upon which it is based.

What our clients say

“First class advice and service leading to real business advisory support and growth.”

Ben Hughes, EconomX

“We’ve been with Prime now for nearly 10 years and they have always strived to understand our business needs and have contributed enormously to our growth from start-up tech to product commercialisation.”

Robert Kerr, Enopte Solutions

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Ian, VIC

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Amy, QLD

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Alan King, VIC

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Bob & Denise, NSW

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Jack and Pauline, VIC

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Gavin Lowe, UDL Group

“We have worked with Prime for fifteen years as our financial adviser. Prime has always guided us through with professional advice on our financial decisions, whether it be in the local office or over the phone. We have found our adviser, Garry, has gone above and beyond the call of duty with regards to our retirement and financial matters in a friendly and caring way.”

Karen & Russell, QLD

“I find Michelle service to me is of high value. She is knowledgeable and transfers the information to me clearly. Thank you Prime.”

Kathryn, WA

“In all the years l have had to do the R&D rebate and other grants, l have never been better looked after than here at Prime. The staff are super friendly, trustworthy and keen to get me the best result that they can. I would recommend Prime to anyone who wants to use this service. You have a client for life.”

Vern Brickman, Adverto

“We have always felt that our advisor listened carefully to what we expected and responded appropriately. Livio is always interested in us as a couple and our lifestyle- we have never felt like we were bulk handled.”

Ian & Cherie, VIC

“I have been a client of Prime for just over 3 years and I am confident that the advice and service I have received during that time has been in my best interests.”

Lannette, QLD

“Opening my own business was a relatively daunting task. Prime and their extremely professional approach were essential in ensuring that it was executed properly. I would recommend Prime to anyone looking for leading advice with great customer service.”

James Reti, Reti Consulting

“I have been using Prime for many years and one of the things I appreciate most is that their advice is only a phone call away and I always feel as a customer that Prime have my best interest at heart. It is a very personal service executed by very personable and helpful individuals. My advisor feels like family I am very satisfied.”

Christopher, ACT