News
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- May 2016
- April 2016
- February 2016
- January 2016
- November 2015
- October 2015
News
Businesses beware! Business name renewal invoice scams
May 21st, 2020
Many business owners carry on business using a registered business name. Registered names need to be renewed from time to time. Private company service providers now have access to the business names register information, and some offer “renewal services”. Unfortunately, some of these service providers are sending business owners “renewal notices” which look very much like official renewal notices or invoices from the registry, and call for payment more than double the fee to renew directly with ASIC. No doubt they hope that businesses will simply put the “renewal notice” into their payment systems without question.
You do not have to pay for renewal through these service providers.
It is cheaper and just as easy to renew through ASIC.
Renewing your business name through ASIC is cheap, easy and quick. You can visit their website at asic.gov.au.
ASIC sends a business name renewal notice at least 30 days before your renewal is due. We recommend that you bin all other renewal notices received from anyone other than the ASIC.
ASIC provides the option of renewing your business name for either:
- one year, which costs $36.00; or
- three years, which costs $85.00.
Other service providers charge more than double the amount required by ASIC. Please contact us if you are uncertain whether an invoice from a service provider is legitimate or not.
Do you need a business name?
You are required to register a business name if you are trading under a name that is different from your own name or your company’s name.
It is important to have a business name which is currently registered. Carrying on business under a name which is not your own name, and not registered as a business name, is an offence. It is also possible that someone else might register the name which you are using, leading to confusion and disputes.
If you have any questions concerning the operation of your business, please do not hesitate to contact our experienced team on 07 4036 9700.
Wishing you all the success for your business!
More