More Policy to Make Lives Easier for Small Businesses
More than 2000 small-to-medium companies will be excused from lodging annual financial reports to the corporate regulator, under a red-tape-cutting exercise announced by Treasurer Josh Frydenberg.
The revenue threshhold for proprietary companies to report to the Australian Securities and Investments Commission will be lifted to $50 million, from $25 million.
The companies are required to prepare and lodge a financial report, a director’s report and an auditor’s report with ASIC … Read more »