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KSW Insight Newsletter | October 2021

KSW Insight Newsletter | October 2021

October 2021 | VOLUME 161
KSW Newsletter for our clients and associates

Are you a company director? You will be affected by the Director ID regime!

The Director ID regime will be implemented from November 2021 and aims to address illegal ‘phoenixing’ activities and increase director accountability and traceability. This means if you’re a director or alternate director of an Australian company, or a registered foreign company, you will need to apply for a Director Identification Number. Our article here, explains the implementation and how to set this up.

What name should you buy a property in? 

Are you looking at buying a residential property and wondering what name to buy it in? A lot of things need to be considered when deciding on property ownership. Our full article here, explains the main issues and what you need to consider prior to signing the contract.

Quote

“You only live once, but if you do it right, once is enough”

Mae West

What Awards will change as of 1st November 2021?

 Minimum wages in 21 awards will increase as of 1st November 2021. For more information on the full list and new minimum pay rates, see our full article here.

I’ve realised I made an error in my Superfund, what should I do?

Running a SMSF is not an easy feat and there maybe instances where an error occurs, and this might not be identified until months down the track. Our full article here, discusses what not to do and how to rectify any issues.

KSW Case Study

See our latest case study on how a MD of an engineering firm dealt with an ATO investigation, all because of their previous accountant. 
Case Study 1 here.

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