For companies there are added reporting requirements outside of just completing annual tax returns, they also need to be registered with the Australian Securities and Investment Commission (ASIC). At Robertson Wouters we can help our clients by storing their Corporate Secretarial file and managing the required paperwork on their behalf as a registered agent.
This includes completing and lodging the required paperwork with ASIC when changes to the company occur such as changing directors or issuing new shares. As a part of a company’s registration with ASIC a company is also required to pay an annual fee.
It is important to understand the roles and responsibilities of a director and to ensure that all requirements are met with both Australian Securities & Investments Commission (ASIC) and the Australian Taxation Office (ATO).
As the Registered Agent for your company we receive the company statement on your behalf which we review and forward to your authorisation and payment of fees. We are able to produce ASIC forms and lodgements to make any changes required to your company on your behalf. An annual fee is charged to cover the company statement and for basic company updates.
For full details of the requirements as a director please view the website of the Australian Securities & Investments Commission (ASIC) www.asic.gov.au/for-business/
To view and understand Director Penalty Rules go to www.ato.gov.au/general/managing-your-tax-debt/what-if-you-can-t-pay-your-tax-/stronger-measures/director-penalty-notice/