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I am starting to have a handful of client referrals who are start-ups that have been successful raising funds through crowd funding platforms or similar.
I have been made aware that these types of Companies may be required to prepare and lodge Financial Statements with ASIC.
Can anyone offer any insight into this please as I will need to also try and source a handy Financial Statement template to be able to prepare and lodge what is required.
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Australianbiz is an online resource for Australian small businesses that provides an extensive range of tax and financial management tools. The site is also a useful resource for practising accountants.
RG261 Crowd Sourced funding Guide sets it all out. RG261.274 - 283 set out reporting requirements.
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Australianbiz is an online resource for Australian small businesses that provides an extensive range of tax and financial management tools. The site is also a useful resource for practising accountants.