WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

A Mutual Understanding – Invesco Presentation

As part of the Wealth Team’s ongoing training, we recently had a session all about the power of words. Eleece Quilliam from Invesco presented. Invesco conduct comprehensive studies around client’s reaction to particular words;  “it’s not what you say; it’s what people hear”. It was really interesting to see clients reactions to certain words. A lot of the information was around what words to use and not to use and also creating positivity in your communication.

WEALTH MANAGEMENT – ADVICE, CLIENT SERVICE & EXPERIENCE

Supply Chains & Inflation – where to from here?

Marcus Bogdan of Blackmore Capital says we’re headed into a seasonally tough period for markets. On top of that, supply chain issues are persisting and elevated inflation expectations are still front of mind. Brambles (BXB) recently downgraded its earnings expectations – but long term, Marcus remains positive on the stock.

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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.

PRIME SMA

Monthly Commentary

The indomitable optimism that has fuelled risk assets to be priced to perfection was punctuated by more sober expectations in September.

Click below to read more.

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SMSF

Q&A podcast by Olivia Long

Olivia Long (Prime’s Managing Director – SMSF) discusses staying educated on the best performing superfund and their high growth super fees, converting SMSFs to pension mode and more.

Click below to have a listen.

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CAPITAL

Prime (ASX: PFG) advises Laminar Capital on their sale to Perpetual (ASX: PPT)

Prime Capital is delighted to have acted as corporate advisors for shareholders of Laminar Capital Pty Ltd (‘Laminar’) in their recent acquisition by Perpetual Digital Holdings Pty Ltd (“Perpetual”).

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ACCOUNTING SUPPORT

R&D Tax Incentive

R&D tax incentive applications for activities and expenditure incurred during the tax year ended 30 June 2021 can be submitted from now until 30 April 2022.

The AusIndustry application form has moved to an online version that requires clients to authorise the R&D tax agent via the governments MyGovID platform.

The new online application process is now working smoothly with R&D applications being registered within 1-2 weeks after lodgement.

The underlying R&D tax incentive legislation has not changed materially with the main benefit coming in the form of a refundable R&D cash rebate of up to 43.5% of annual R&D spend (for companies with grouped annual revenue of below $20 million).

Export Market Development Grant Updates

The Export Market Development Grant (EMDG) program provides eligible businesses with grants up to 50% on overseas marketing expenses. This year there are two programs currently available with an overlap from the old program to the new program.

The 2 programs have been outlined below with the key date being 30 November 2021 if you want to lodge and application under the new program.

EMDG – 2021 FY (Expenses to 30 June 2021)

For expenses incurred up to 30 June 2021 the EMDG continues to operate as before, reimbursing your business for eligible promotional expenses:

  • – First Time Applicants can apply for two financial years i.e FY20 &FY21 in the one application.
  • – Applicants that would be applying for their 3rd to 8th application will need to apply the export performance test (Note that this was previously removed from the 2020 FY applications but has been reinstated for this application)

Applications close on the 30th November 2021 to the general public. Prime has an extension to 28 February 2022 as a QIP consultant.

EMDG – 2022 FY (Expenses from 1 July 2021 with upfront funding certainty)

The new program provides upfront grant approval for up to 50% of planned export marketing expenditure. Small to medium business with turnover less then $20 million can apply for 3 different grants over 8 years for eligible promotional activities. The grants are available under what is called tiers. You are not required to progress through the tiers. You can apply under the tier that meets your export journey.

Tier 1: Ready to export

  • – First time exporters
  • – 2 years and maximum grant of $40,000 per financial year

Tier 2: Expanding

  • – Expanding export promotion activities
  • – 3 years and maximum grant of $80,000 per financial year

Tier 3: Expanding and strategic shift

  • – Expanding export promotion activities and making a strategic shift, for example targeting a new market or a new type of customer
  • – 3 years and maximum grant of $150,000 per financial year

Applications close on the 30 November 2021 at 5pm AEDT for all applicants.

Assistance

Prime can assist in assessing your businesses eligibility under the above programmes. Should you have any questions please do not hesitate to contact:

R&DSimone Quin via email or on 03 9869 5936Brendan Brown via email or on 03 9869 5922

EMDGStuart Thomson via email or on 03 9869 5927