Boutique Accounting Business of the Year 2021 – Eastern Australia & Client Service Excellence Award 2021
Accredited with two awards that are both truly representative of the culture and values of the business, Foxton Financial is an accounting firm like no other. Working tirelessly to ensure clients are not only satisfied but are thoroughly impressed with the exemplary service, the firm has nurtured an almost peerless reputation. With all of this in mind, we took a closer look at the history, ethos and future of Foxton Financial to find out more. (more…)
You may have heard about the new rules which require directors of Australian companies to obtain a Director Identification Number (director ID). The new requirement to obtain a director ID also applies to individuals who have an SMSF with a corporate trustee, which is why I wanted to bring this new requirement to your attention. All directors of your corporate trustee will need to apply for their own director ID by the prescribed deadline.
This document provides some important information about Director Identification Numbers, including how to apply for one and by when.
An application for a director ID must be made individually and only by those who are applying for the director ID. As you are required to prove your identity as part of the process, our firm, or any other third party, is not able to apply for a director ID on your behalf.
What is a Director Identification Number (director ID)?
A director ID is a unique identifier that directors need to apply for, like a tax file number. If you are a director of multiple companies, you are only required to have one director ID that will be used across all companies. You will keep your director ID forever even if you change companies, resign altogether from your director role(s), change your name, or move overseas.
Why do I need a Director Identification Number?
As part of the Government’s Digital Business Plan, it is rolling out a Modernising Business Registers program which includes the introduction of director IDs. The main purpose is to prevent the use of false or fraudulent director identities as well as to improve the efficiency of the system by making it easier to meet registration obligations and trace director activity and relationships. By improving the integrity and security of business data it is expected to reduce the risk of unlawful activity. (more…)
We have won the Boutique Accounting Business of the Year 2021 – Eastern Australia, Client Service Excellence Award 2021 (Small Business Awards 2120 by Corporate Vision).
This represents our hard work and dedication. Their merit led selection process narrows down nominees in order to seek out exclusively the very best that the Small Business industry has to offer on a global scale.