In Australia, you now need to get yourself an ATO Director ID number and report it against your name. Here's what you need to know about how to get the Director ID.

As I say in the podcast, I did it in 5 minutes but it might take you a little longer.

FULL INSTRUCTIONS: How to get a director's ID

Note: Owen is not a registered tax accountant or tax lawyer. Just a business owner and investor. Go speak to your accountant before acting on this information.

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URGENT: How to get a Director ID (don't risk a $13,000 fine) - tell your friends

FULL INSTRUCTIONS: How to get a director's ID