Every company registered with ASIC requires an annual review to maintain compliance with Australian regulations. At PMCA Advisory, we understand that managing these regulatory obligations can be time-consuming and complex, diverting your focus from core business activities.
Our ASIC Annual Review Service ensures your company remains compliant while you concentrate on what matters most: growing your business. As registered ASIC agents, we handle all aspects of your annual compliance requirements professionally and efficiently.
With ASIC annual review fees now at $321 for standard companies (effective July 2024) and substantial late penalties of up to $401, proper management of your compliance obligations has never been more important.
Your company's annual review date is typically the anniversary of its registration date. ASIC will issue your annual statement and invoice shortly after this date. As your ASIC agent, we track this date and ensure you're prepared well in advance.
Missing the payment deadline results in late fees. $93 if payment is up to one month late, or $401 if payment is over one month late. Our proactive reminder system helps ensure this doesn't happen to our clients.
You're required to review your company details annually and notify ASIC of any changes within 28 days of your review date. Our service includes checking all your company details and making unlimited updates to addresses and officer details as needed.
A solvency resolution is a formal declaration by directors that the company can pay its debts as and when they become due. This must be passed within two months after the review date. Our service includes guidance on this important requirement.
Let us handle your ASIC annual review requirements so you can focus on running your business. Contact us today for a no-obligation discussion.
PMCA Advisory is a boutique firm imbued by Philip Martin’s mantra “To be of value”. When you become a client of ours it’s like you are becoming a part of our extended family. No lock-in contracts here, just a desire to see your business grow.
Whether you are receiving Executive Coaching from Philip, being taught accounting software like Xero, or engaging in a business diagnostic by one of our specialists, Philip will personally oversee the portfolio of every business client. You can rest assured knowing you are in safe hands with Philip’s decades of experience as a chartered accountant in a diverse range of sectors.
PMCA Advisory is large enough to provide you specialist staff with dedicated knowledge in specific aspects of your business, yet small enough to allow Philip to be centrally involved in overseeing the entire service. Unlike some larger firms, your account will always be managed by an expert, receiving the attention and service it deserves. We understand no two businesses or business owners are the same and make it our mission to develop a detailed understanding of your unique challenges and give you the most effective set of solutions for your business.
At PMCA Advisory we actively engage with each client about their business. Philip draws upon his years of experience to ask probing questions that enable us to clarify how we can help you grow your business. More than simply providing tax compliance services and tax returns, we help business owners achieve their goals.
In addition to your initial discussion with Philip, where appropriate, each new PMCA Advisory client is invited to undertake an hour-long interview with our Head of Business Diagnostics. In this session we will develop an understanding of you as the business owner, your business, and your aspirations.