ATO & ASIC Registrations

Your business name will not merely help the customers to identify your business but even enable you to differentiate your business form your competitors. It will also help the customers to connect with your business. The business name is the most important asset of a business.

Government Fess which is given to the ASIC to lodge your business are as follows:-

• $34 for 1 year
• $79 for 3 years

COMPANY NAME REGISTRATION

In the discretionary step, you might save the name pending registration or can even change the company existing name during the accessibility of your business name. Your lodged name cannot be given to someone else unless you are set to enlist it as an organization

• The company do not retain any outstanding liabilities
• Every charge and outstanding penalties mentioned in the corporation act 2001 is been paid by the organization
• Every member of a company is authorized for a deregistration
• The organization is continuing its business
• This includes counseling on including or eliminating a member from a business.

GST REGISTRATION

The business should lodge for a GST if:-

• The business retains GST turnover of $75,000 or more.
• Your non-profit organization retains a turnover of $ 150,000 per year or more
• As on owner of your business, you have to lodge for GST if your turnover exceeds the $75000 or likely to exceed it
• You deliver a taxi service to the passengers to get fare charges from them irrespective of your GST turnover. This rule applies to both the owner of the business and the taxi companies who are engaged in renting a taxi.

PAYG REGISTRATION

There are numerous procedures to lodge PAYG. You or your Tax Agent may apply for the registration of PAYG from the day you are entitled to withdraw an amount from a payment. You can lodge for a PAYG if your business retains PAYG.

ALTERATION OF COMPANY DETAILS

• This involves counseling on including or eliminating a member form a business
• Including an ABN to your business, inquiring for the alterations of your business details
• What to request for seclusion of a business name registration
• How to request for an evaluation of ASIC decisions?
• Requesting for an alteration of your business details