by David Maynard | Nov 7, 2022 | Starting a Business
Director IDs (DIN) is now mandatory for every company director. A DIN must be registered by the end of November 2022. A Director must apply for a DIN by November 30 2022 or face a penalty of up to $13,000.00. So getting a DIN is very important. Applications can be...
by David Maynard | Nov 17, 2021 | Starting a Business |
When planning to start a business, there are many things to consider: some financial, some conceptual, and others just plain practical. In the 80’s and 90’s we could count on a certain percentage of clients working as employees, transitioning to some form...
by David Maynard | Nov 10, 2021 | Starting a Business |
Today I want to share a brief story of a young couple operating a business. It is a real story about real clients that highlight planning principles in small businesses. Case Study Some years ago, a young couple operating a business asked me to look after their tax...
by David Maynard | Nov 3, 2021 | Starting a Business |
The new DIN regime starts on 1 November 2021. What is a DIN? A director ID is a unique identifier, like an individual’s tax file number. The purpose is to verify a director’s identity, preventing false or fraudulent director identities. When? If you are an eligible...
by David Maynard | Jul 1, 2021 | ATO, Australian Business Number, Australian Business Register, Australian Securities Investment Commission, Business Structures, Corporate, Starting a Business, Tax Savings |
From 1 July 2021, the new company tax rate in Australia is 25%. If you intend to start a business, a company may be the best business structure to start with. For some business start-ups, liability protection is important. However, the new company tax rate of 25% is a...
by David Maynard | May 20, 2021 | Starting a Business, Women in Business |
Each year, the Australian Small Business and Family Enterprise Ombudsman (ASBFE ) release a statistical report that helps “…create a picture of small business in Australia and its contribution to our economy.” The ASBFE says “Small business and...
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