Govenance for the SME sector
The following is an article written by Robert Zitek entitled 'Govenance
for the SME sector - practical aspects of regulatory compliance'
which was originally published in the July 2011 issue of Keeping
good companies, the Journal of Chartered Secretaries Australia Ltd.
CSA - July
2011
Corporate Express doing it for the
kids
It is less than one week to go until the CE team hits the pavement
on the long slog to Bondi Beach. Help us reach our target of $1000
for the Cure our Kids charity. Your donation is tax deductible and
just $2 will make a big difference.
http://www.everydayhero.com.au/corporate_express
Check out their DVD
explaining what they do from the mouths of their oncology families
and the staff at the Westmead Childrens Hospital… some are even
Cure Our Kids City2Surf Team Members!
Number One
Corporate Express - the first in 1999 to develop a software package
to integrate with ASIC's ECR system.
View
PDF
Corporate Express Sponsors Seminar
for The City Of Sydney Law Society on Discretionary Trusts
As part of its commitment to provide information of value to its
clients and the wider business community, Corporate Express sponsored
a seminar for the City of Sydney Law Society (CSLS).
Having built a strong reputation over the years as providers of
Discretionary Trust and Unit Trust Deeds, Corporate Express is often
asked many technical questions in relation to trustees, settlors
and appointors.
Introducing the Seminar on 25 June, 2008, Robert Zitek, Director
of Corporate Express said "We thought that in light of the level
of interest we are seeing on this subject, it was timely that the
topic of our sponsored seminar relate to Discretionary Trusts."
The Deeds Corporate Express supplies to its clients are drafted
and regularly updated by Tresscox Lawyers. Michael Heraghty, the
lead partner at Tresscox kindly accepted the invitation to present
a paper for the CSLS. Michael has 32 year experience in providing
legal services and has extensive experience in corporate and commercial
law, business structures, merger and acquisitions, commercial agreements,
commercial and tax law applying to doctors, estate and business
succession planning, tax and superannuation. Michael is and continues
to be an invaluable resource to our business and our clients.
Michael’s paper encompassed practical tips and traps in establishing
family discretionary trusts.
Michael also invited Robert Gordon to present a paper. Robert has
had extensive experience in large accountancy and law firms. Since
1992 he has been a member of the NSW Bar Association specialising
in tax with a special interest in international tax laws.
Robert’s paper focused on the use of family discretionary trust
for overseas asset protection and taxation.
The seminar was attended by 42 members of the CSLS and was well
received by the attendees.
ASIC In Focus Magazine November 1998 - View
PDF
10th Anniversary
This year celebrates the 10th anniversary of the commencement of
ASIC's Electronic Company Registration (ECR). We are proud to know
that Corporate Express registered the first company on-line via
the internet. This achievement was the result of the vision and
sheer hard work of our founder, Susan Charteris. The team at Corporate
Express is dedicated to continue to provide cutting edge services
to their clients.
The Sydney Morning Herald 26th February
2008
Case Study - Online Branding
Cathy Le of Corporate Express was recently featured in the Business
Section of the Sydney Morning Herald in an article on on-line branding.
Sharing our name with a multi-national provider of stationary creates
many difficulties and frustrations. To differentiate ourselves on-line
we sought the services of E-Web Marketing Australia to optimize
our website. With their assistance, those who want incorporation
and company secretarial services can find us on-line without confusion.
Latest Update June 2011
Latest Update April 2011
Latest Update January
2011
Latest Update December
2010
Latest Update July 2010
Latest Update June 2010
- New Prices from 1 July 2010
- Discretionary Trusts - Things to watch out for
- SMSF Borrowing - Things to watch out for
- SMSFs - Transfers to new or additional trustees
- Pension Relief from the Drawdown Rules - Hot off the Press
Click here
to view as a pdf 
Latest Update December
2009
Latest Update October
2009
- Order and receive documents on-line and save $$$$$$
- Share Buy-Backs - Our Service of the Month
- late lodgement of ASIC forms
- Don't wait for ASIC to answer the phone
- Companies on the Register
- Update on the proposed second tranche of the AML/CTF Act Reform
Click here
to view as a pdf
Latest Update July 2009
- Our commitment to you
- The Good News - OSR Cheque Acceptance Policy
- The Bad News - OSR office move
- Cure Our Kids - City to Surf
Click here
to view as a pdf
Latest Update June 2009
- ASIC Business Advisory Committee
- Corporate Express Client Benefit Program
- Update on the Second Tranche of the AML/CTF Act
- Team CE on the march to 'Cure Our Kids'
Click here
to view as a pdf
Latest Update April 2009
- Custodian Agreements for SMSF's
- Corporate Express Client Benefit Program
- Downloading Corporate Express Order Forms
- Reminder about names for officeholders and members
- Cure Our Kids
Click here
to view as a pdf
Latest Update February
2009
- SMSF Borrowing - Instalment Warrant Arrangement
- Office of State Revenue Ruling No. DUT 36 'Aggregation of Dutiable
Transactions'
- Risks of Money Laundering and Financing of Terror in the Professional
Sectors
- Pension Drawdown Relief for Retirees
- The Corporate Express Business Development Series - Upcoming
events
Click here
to view as a pdf
Latest Update January
2009
- The Corporate Express Client Charter
- Our Additional Telephone Number
- Who can be the Trustee of a Self Managed Superannuation Fund
when at least one member is a minor?
- Lodgments of Form 205 - Change of Company Name now online
- Update on the Committee of Business Incorporators Australia
Inc (CBIA Inc)
- Accounts Online
- The Corporate Express Business Development Series - Upcoming
events
Click here
to view as a pdf
Latest Update December
2008
- New South Wales Mini Budget
- Binding Death Benefit Nominations
- Our Additional Telephone Number
- Robert Zitek - Our Team Leader
- New ASIC Guide to Form 206 - Application for change of company
type
- Update on the Committee of Business Incorporators Australia
Inc (CBIA Inc)
- Website Update
- Feedback
- The Corporate Express Business Development Series
- Our Opening Hours during the Festive Season
Click here
to view as a pdf
Latest Update November
2008
Latest Update September
2008
- Help us incorporate for kids
- Super fund borrowing
- Team Member Profile - Amanda Le
- Committee of Business Incorporators Australia Inc (CBIA Inc)
Click here
to view as a pdf
Latest Update August 2008
- Voluntary deregistration applications go online
- The rules: annual review fees and voluntary deregistration applications
- Special purpose companies - now cheaper to register
- Late fee waivers
- Changes to Class Order 98/98 - Audit Relief for small proprietary
companies
- Our upgraded on-line ordering system
Click here
to view as a pdf
Latest Update July 2008
Latest Update June 2008
- Non-compliance still an issue for ASIC
- Company Deregistration
- Are you a large proprietary company?
- ASIC now accepts credit card payments
- Are you a duplicate?
- Changes to the Corporate Key
- Company Reinstatements
Latest Update April 2008
- Our New Constitution
- Division 7A - Shareholder Loans
- OSR Cheque Acceptance Policy
- Pension Implementation Pack
- Fee waivers for deceased estates
To: Australian Government Attorney-General's
Department second tranche of the Anti-Money Laundering and Counter
Terrorism Financing Act 2006
Submission by Corporate Express to the Australian Government Attorney-General's
Department in response to the proposed second tranche of the Anti-Money
Laundering and Counter Terrorism Financing Act 2006.
Over the past few months Corporate Express has been lobbying the
Australian Government Attorney-General's Department, ASIC and other
peak industry bodies in relation to the proposed second tranche
of the Anti-Money Laundering and Counter Terrorism Financing Act
2006.
The implication of these reforms will have far reaching implications
for all ASIC lodging agents and Australian e-commence within this
industry. In addition the proposed reforms will impact SME's in
relation to the ease, cost and speed of doing business in Australia.
For more information please contact Judi White on 1300 267 739
(1300 CORPEX)
Please click
here to view the submission as a pdf
City of Sydney Law Society 27th February
2008
Commonly Asked Question in Corporate Compliance
Robert Zitek of Corporate Express recently conducted a seminar
for the members of the City of Sydney Law Society. The topics under
discussion included:
- Important dates to remember for Annual Review Statements
- Fee waivers of late lodgement fees
- Corporate keys
- Resident directors
- Company deregistration and the provisions of sections 601AF
and 601AE(2)
- Constitutions
- What's in a name?
- On-line registration of charges
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Ten tips for your business
Corporate Express is often the first port of call when
someone wants to start up their first business. To assist
our start-up clients we have developed a list of 10 tips.
- Choose your business entity.
Factors to consider are:
- the nature of your business
- the size of your business
- the risk associated with your business
- setup and ongoing costs
- tax issues
- degree of control required.
Sole trader formation is the simplest and cheapest
form of business structure. The sole trader has exclusive
control over the business however that trader also has
unlimited liability for debts of the business.
If you wish to operate your business as a company you
must incorporate your company. The advantages of incorporation
include:
- limited liability for shareholders
- asset protection
- possible tax advantages
- trading in other states and territories under the
same name without having to register a business name
or arrange for a principal place of business there
- Choose your business name
If you wish to trade under a name that is not your
name you will need to register your business name with
the Consumer Protection Authority of the state in which
the business name is used.
The name you choose should reflect your desired image
and must not be misleading or offensive and must be available
as a domain name if you wish to have a website. - Design a logo/letterhead/distinctive mark
If you want to establish your business as a brand you
may need to create a distinctive mark or logo.
- Consider whether you need to register your business
name/logo as a trade mark.
The registration of your business name does not confer
any proprietary rights in that name or your logo.
By registering your name/mark/logo as a trade mark
the identity of your goods or services are protected
in the sense that you can prevent others using it.
- Obtain an ABN prior to the commencement of trading.
The Australian Business Number (ABN) is a number allocated
to businesses by the Australian Taxation Office (ATO)
and is used for all dealings the company has with the
ATO. The company must place its ABN on all tax invoices
irrespective of whether you are registered for GST.
- Consider whether you need to register for GST
If you carry on a business, you must register for GST
if your GST turnover is at, or above the GST turnover
threshold, that is, it is $75,000 or more.
- Consider whether you need special licences to commence
trading.
This information can be obtained from website of the
Consumer Protection Authority of the State in which
the business name is used. For NSW that is the Office
of Fair Trading.
- Your business will need a TFN
A Tax File Number (TFN) is a unique number issued by
the ATO to individuals, companies, partnerships and
trusts. Sole traders use their individual TFN, there
is no need to apply for another one. You can apply for
a TFN at the same time as you apply for an ABN on-line
at www.business.gov.au or phone the ATO on 13 28 66.
- Open a bank account for your business
Even if you are a sole trader it is often wise to open
a separate bank account for your business. This will
assist you and your accountant in identifying income
and allowable deductions for your business.
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ATO - Businesses
| Small business benchmarks
Wednesday, 22, February, 2012 Information about small business benchmarks, what they are, how they can help your business and how we use them to identify businesses that may be avoiding their tax obligations. | Fringe benefits tax (FBT) return 2012
Wednesday, 22, February, 2012 Lodge this return if you have an FBT liability for the year ending 31 March 2012. Lodge the return by 21 May 2012 unless you lodge via a tax agent who has been given another lodgment date. NAT 1067-02.2012. | Completing your 2012 fringe benefits tax return
Wednesday, 22, February, 2012 Step-by-step instructions including examples from a completed return to help you complete each item in the Fringe benefits tax (FBT) return 2012. NAT 2376-02.2012. | Coffee suppliers data matching
Wednesday, 22, February, 2012 Provides information about our coffee suppliers data-matching project. | Cash economy frequently asked questions
Wednesday, 22, February, 2012 Answers to frequently asked questions about our compliance activities and the use of small business benchmarks. | Building industry data matching
Wednesday, 22, February, 2012 Provides information about our building industry data-matching project. | Private ruling application form (not for tax professionals)
Tuesday, 21, February, 2012 Use this form if you are not a tax professionals and want to apply for a private ruling. | High risk industries targeted for superannuation obligations
Monday, 20, February, 2012 Some employers in the cafe and restaurant, real estate services or carpentry services industries are not meeting their super responsibilities. If you work in these industries we are currently running an education campaign to help you better understand your obligations. | SME Communicator - February 2012
Friday, 17, February, 2012 SME Communicator provides relevant information specific to businesses with an annual turnover between $2 million and $250 million. | Draft Commissioner's Small Business Consultative Group minutes - 1 December 2011
Friday, 17, February, 2012 Draft minutes of the Commissioner's Small Business Consultative Group meeting held on 1 December 2011. |
ATO - All New Information
| Small business benchmarks
Wednesday, 22, February, 2012 Information about small business benchmarks, what they are, how they can help your business and how we use them to identify businesses that may be avoiding their tax obligations. | Net closes on tax cheats
Wednesday, 22, February, 2012 The Australian Taxation Office (''ATO'') is making it harder for people in business who deliberately use cash transactions to hide income and evade tax obligations - making it fairer for everyone. | Fringe benefits tax (FBT) return 2012
Wednesday, 22, February, 2012 Lodge this return if you have an FBT liability for the year ending 31 March 2012. Lodge the return by 21 May 2012 unless you lodge via a tax agent who has been given another lodgment date. NAT 1067-02.2012. | Film tax offsets
Wednesday, 22, February, 2012 The government announced the following enhancements to the film tax offset emerging from the recent review conducted into the Australian independent screen production sector. | Completing your 2012 fringe benefits tax return
Wednesday, 22, February, 2012 Step-by-step instructions including examples from a completed return to help you complete each item in the Fringe benefits tax (FBT) return 2012. NAT 2376-02.2012. | Coffee suppliers data matching
Wednesday, 22, February, 2012 Provides information about our coffee suppliers data-matching project. | Cash economy frequently asked questions
Wednesday, 22, February, 2012 Answers to frequently asked questions about our compliance activities and the use of small business benchmarks. | Building industry data matching
Wednesday, 22, February, 2012 Provides information about our building industry data-matching project. | Private ruling application form (not for tax professionals)
Tuesday, 21, February, 2012 Use this form if you are not a tax professionals and want to apply for a private ruling. | Use of tax file numbers by super funds
Monday, 20, February, 2012 Regulations dealing with the use of tax file numbers by super funds and retirement savings account providers have been made, effective from 1 January 2012. |
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