 This Edition:
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Welcome to our 1st Edition of Ontrack, the monthly newsletter of The Prime Advisory Group. Our aim is to keep you informed about events, important issues, tax updates and general information to help you stay ontrack with your personal and business finances.
We welcome your feedback and ideas.
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Cloud Accounting - is it for your business?
Keeping your financial affairs up in the air is now considered the way of the future, not just plain old air but puffy white clouds. Cloud Accounting means no more accounting software installed on your computer. Instead your accounting software is installed on a central server and accessible anywhere you can get an internet connection. Cloud accounting packages offer something great for both the small business owner and their accountants. For the business owner it's an easy way to upload their financial data to an online package that is accessible to not only their bookkeeper &  accountant but themselves, where ever they may be. They can run reports and get a good idea of where they are at quickly.
For the accountant it is a fantastic way to see where your clients are at and to share all relevant data. It's also a solution to avoiding piles of paperwork arriving at the office to be sorted and uploaded and then sent back to the client.
Find out more
Why not give us a call to discuss your requirements. |
PrimeWrap - easy SMSF Admin
Are you wanting to set up your own SMSF? Do you already have an SMSF and are overwhelmed by the paperwork?
Managing your own super is a great option for the astute investor who has their finger on the pulse. Making choices based on your own research and with the advice and support of Wealth Manager can be very rewarding and satisfying. But the administration of it can be a real drag if it is not well tracked and organised. It can eat up your time and dilute the pleasure of securing your future.
Fortunately, we have come up with a great solution and made light of your administrative load with PrimeWrap.
 Prime Wrap is a very effective administrative tool that relieves the investor from much of the paperwork and reporting issues of the past. We see it as a "must do" for SMSF investors.
Find out more
Call us today for an obligation free quote.
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Lending - loss of Stamp Duty Exemption
Under the newly-released budget, effective from 1st January 2012, the NSW Government's stamp duty exemption will only apply to first-time buyers purchasing a newly constructed home. This change will see buyers looking to purchase an established dwelling, hit with more than $20,000 in stamp duty for a home valued at $600,000. Provided the contract of purchase is entered into (i.e., the formal commitment is made to purchase) on or before 31st December 2011 the existing stamp duty rules will apply. This definitely will impact the first home buyer as an extra 5% will need to be saved and many plans for purchase will be pushed out to a later date or places on hold. 
If purchasing in the next three months is on your agenda or that of your children, then come and speak with us. PrimeLending can assist with any of your lending needs. We have an intimate knowledge of the market and can save you time and money. Find out more Back to top |
