Is Fear Limiting your Profitability?

Whenever we undertake a business growth program for clients, one of the first things we do is to review the client’s pricing strategies. Frequently we recommend price increases – at least in relation to the higher volume products or services. 

The most common client reaction is “What ?? This is an extremely competitive industry. If I increase my prices I’ll lose customers !” Our follow up question is “how many customers will you lose ?”

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What is the Right Legal Structure for your Business?

Running your own business is similar to going on a quest for lost treasure. If you’re successful, the rewards can be huge, but the journey is perilous and if you’re not clever, you could lose everything. Given that it is almost a certainty that all of us will get it wrong at some point of our careers, choosing the right legal structure for your business is critical in limiting the amount of damage that may be inflicted.

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Tax Prep Kits will be available Mid July

The end of the financial year has come around again. Prime Partners Tax Preparation Kits (Business or Individual) have been designed to help you get your financial information organised and maximise your tax benefits.

The Business and Individual Tax Preparation packs are a simple to use folder which lists all the documents required when submitting your information to us. It allows you to organise all your documents into sections making tax time easier. It’s another way of providing you with better service and making tax time a breeze.

To order your complimentary Tax Preparation Kit, (Business or Individual) please call Virginia on 02 9879 7005 or email service@primepartners.com.au

A Super Alternative

Recently, the Government somewhat brutally limited the amounts we can all contribute to superannuation, leaving many of us paying more tax on our savings. If you are on maximum tax rates, that could mean the tax on your investment income increases from 15% to 46.5% !

If you are trying to save for your children’s education, your own retirement or simply trying to accumulate a bit more wealth, increased tax of this level can have a serious detrimental impact on your final outcome.

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Super and the 2010 Federal Budget

The big news for superannuation actually came nine days before the Federal Budget was announced on 11th of May.  In response to the Henry tax review, Federal Treasurer Mr Wayne Swan revealed the changes to the superannuation sector.

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Save on Stamp Duty - NSW Home Builders Bonus

The NSW Government recently introduced stamp duty concessions under the NSW Home Builders Bonus (HBB) to stimulate the construction of new homes in NSW.

The HBB provides a full 100% exemption from stamp duty for the following purchases:

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Are you on the Best Loan Deal?

Prime Partners Lending is available to assist all our clients in reviewing their existing loans to ensure that they are on the best deal.

All you have to do is fax or email a copy of your loan statement to Patrick Kazzi and he will get back to you with an analysis of your loan.

Email Patrick at pkazzi@primepartners.com.au or fax 02 9879 7525.

Welcome, welcome and goodbye!

There has been some movement in the ranks at Prime Partners recently.

We are sad to report that Winnie Guo, a long valued member of the team has currently left for an extended vacation in China. We will certainly miss her around the office but wish her safe travels and hope to see her back with us again soon.

Although, it is not all farewells and bon voyages. We also have the pleasure of welcoming two new members on board the Prime Partners team. Sharon Fung has joined the accounting team and Larissa Rapisardi will be filling some very big shoes while Evy is away. 

We wish the girls the best of luck as they settle in to their new positions and very much look forward to working with them both.

Important Dates