I’m sure you all know I love a celebration (don’t worry, I’m not going to mention my birthday again…oops, I think I just did!) – but, can you believe The Tax Chic is one year old today?

That’s not what I want to talk to you about though…

Each year, every company must lodge an annual statement with the Australian Securities and Investments Commission (ASIC).  This annual statement is due around the time of the company’s annual review date – which is usually the anniversary of the date of registration.

So in a way, lodging the annual statement (and paying the relevant fee to ASIC), is kind of like a birthday celebration for your company!

As a director of a company you should ensure you are familiar with the reporting and lodgement requirements to ASIC – if you happen to get it wrong, or lodge your documents late,  some significant financial penalties will be imposed.

Take a look at this link to the ASIC website (I’ve hi-lighted the page dedicated to the annual statement) – and remember to contact your professional advisor if you have any questions.

Regards