Director Identification Number: Our Guide to November timelines

From November 2021, all current directors and anyone wanting to become a director will need to apply for a Director Identification Number. A Director Identification Number is a unique 15 digit identifier system bringing together the Australian Business Registry with over thirty ASIC Registers, enabling businesses, communities and government agencies to register, [...]

2021-11-17T14:46:01+11:00November 3rd, 2021|ASIC, ATO Updates, International Business|

NFPs and income tax exemption: Time to reassess self-assessment

There is a common misconception held by many NFPs that being a NFP, they are exempt from paying income tax. From 1 July 2023, the Self-Assessing NFP measures will change and those organisations who have incorrectly self-assessed as being income tax exempt may potentially expose themselves to retrospective penalties and interest charges. [...]

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