J.A.P TAXATION

RE: APPLYING FOR A DIRECTOR IDENTIFICATION NUMBER   I am writing to you to let you know about new legislation that requires all directors of Australian companies to have a director identification number ( DIN ).   You will need to apply for a DIN if you are a company director. This includes if you are director of your SMSF corporate trustee or family trust.   You will also need to apply for a DIN if you are acting in the capacity of an alternate director, even if you are appointed for a specified period or a temporary basis.   What is a DIN?   A DIN is a unique 15-digit identifier that a director will apply for once and will keep forever. A director can only have one DIN that they must use for all companies.   The purpose of introducing DINs is to prevent the use of fictitious director identities, assist regulators trace directors’ relationships with companies and better identify directors involved in unlawful activity. When do I need to apply for a DIN?   When you must apply for a DI

  NSW Government COVID-19 JobSaver Grant The COVID-19 JobSaver Grant is now open for applications. Please note, this is different to the Business Grant that opened last   week. You may be eligible for both the Business Grant and JobSaver COVID-19 JobSaver Grant If you’re a business, sole trader or not-for-profit organisation in NSW and you've been impacted by the recent COVID-19 restrictions, you may be eligible for ongoing support through the JobSaver Grant.   To be eligible for the grant, you must: have an active Australian Business Number (ABN) demonstrate your business was operating in NSW as at 1 June 2021 have had total annual Australian wages of $10 million or less as at 1 July 2020 have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020 (if your business turnover is below $75,000 there is a MicroBusiness Grant that we will send a separate update about) have experienced a de

  NSW Government COVID-19 Business Grant The COVID-19 Business Grant is now open for applications. Please note, this is different to the JobSaver Grant that will open next Monday. COVID-19 Business Grant If you’re a business, sole trader or not-for-profit organisation in NSW and you've been impacted by the recent COVID-19 restrictions, you may be eligible for a one-off grant of $7,500, $10,500 or $15,000.   To be eligible for the grant, you must: have an active Australian Business Number (ABN) demonstrate your business was operating in NSW as at 1 June 2021 have had total annual Australian wages of $10 million or less as at 1 July 2020 have had an aggregated annual turnover b