How to get to our new office

As you will no doubt be aware, last month the team moved into our new premises in North Sydney. We’ve finally settled in and are beyond pleased with the location and refreshing chance of space. We look forward to showing you around! Our new address is: Level 4 1 James Place North Sydney Our new office is really easy to get to by car or by public transport. There is plenty…  Read more

How Prime Partners automates its accounts

At Prime Partners we’re big fans of using the latest technology to make business as easy as possible. We started using Xero back in 2012 and have always practiced what we preach. A product we’ve been using in our business to great effect is Receipt Bank. This is a receipt and expense processing system that is linked up to Xero. What’s so great about Receipt Bank, is that it can automatically…  Read more

Prime Partners Chartered Accountants is moving

Our home for the last 11 years at 230 Victoria Road Gladesville is scheduled to be demolished to make way for new apartments at the end of this year. After a long search, we have found a new home at Level 4, 1 James Place North Sydney. We will be moving in September 2017. All client appointments booked for 15 September onwards will be held at our new office. Why…  Read more

ATO to Clamp Down on Tax Deductions

Thinking of claiming that $300 decanter for your future career as a sommelier? Think again. With tax time fast approaching, the ATO have put ITR deductions in their line of fire, clamping down on individuals making excessive and incorrect claims for work-related expenses. ATO Commissioner Chris Jordan is making these investigations a priority in an effort to minimise the ‘tax gap’ – that is, the difference between how much the…  Read more

Client Alert: Email Scams containing Malware, Virus & Ransomware

We have recently seen a spike in the number and quality of fake emails being sent to our clients. These emails are sent with malicious intent, purporting to be from a government agency, where you are led to click on a link that will install malware, ransomware or viruses. We have had clients lose days and weeks of productivity due to falling for these traps. One email we have seen…  Read more

What you need to know about FBT for 2017

We know that no one likes to pay tax and certainly no more tax than they should.  But very few people want to be on the wrong side of an Australian Tax Office (ATO) audit where fees and penalties are paid for neglecting your obligations. The Fringe Benefits Tax (FBT) year ended on 31 March which means the ATO will be looking closely at whether or not every employer who…  Read more

Merry Christmas & Happy New Year

Dear Clients & Friends, As the Christmas season approaches, there is always so much happening, that it’s easy to forget to thank our valued clients & friends for their support throughout the year. Our office will be closed from 1pm Wednesday 21st December. The Financial Planning team will return on the 3rd January, and the Accounting and Lending will be back on 9th January. The Team at Prime Partners want to…  Read more

Take Control of Your Operations: Properly Classify Your Business Risks

A lesson some business leaders learn the hard way is that in today’s global operating environment risks appear to be increasing exponentially. It takes only one trial by fire for a leader to recognize the importance of basing each decision in part on its risk versus its reward. It’s important that a leader maintain a steady focus on business risk, lest his business suffers a loss that can drastically brunt…  Read more

Tips for keeping your business data secure

It’s no secret that data loss can be a costly nightmare for a small business, with recent estimates citing the total cost of data breaches exceeding $2.1 trillion by 2019. Unfortunately, cyber attackers increasingly target small businesses because they are less likely to have security protection in place. Accidental loss or loss due to a natural disaster can be just as harmful to a business, with recovery efforts and delays…  Read more