by Dana Feng, Accountant.
It’s that time of year when everyone seems to be making New Year’s resolutions. It is certainly a good time to reflect on your business’ progress over the past year and plan how you want it to develop in the year ahead.
Here are 5 ways you can resolve to build a stronger, more prosperous business in 2022:
By Saumya Biskudanaruppage, Accountant.
Accountant Saumya has put together a helpful summary of recent ATO changes and updates. As always, we are here to guide you through these changes, please contact us if you need more information or clarification on any of these topics.
By Rita Caporrella, Corporate Secretarial Officer.
What is a Director Identification Number?
A Director Identification Number (Director ID) is a unique 15 digit number used to identify directors. You will need a Director ID if you're a director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation. You only need to apply once for a Director ID, you will keep the same Director ID if you stop being a director, become a director of another company, or multiple companies, change name, or move interstate or overseas.
By Melissa Probert, Associate Director.
Many years ago, accounting software and solutions were often an off the shelf product that operated as a stand-alone system or possibly with a point of sale system. Today the rise of cloud-based solutions with a built in API (Application Programming Interface) has enormously expanded the range of options and advantages that these systems can offer and the time and efficiency savings that can be achieved with a well-planned app stack.
Anyone who has made red wine will know what a pair of purple stained hands look like, and Mark Slade and Craig Stansborough from Purple Hands Wines have certainly made some red wine since their first vintage in 2006.
By Ben Spiers, Associate Director.
Everyone talks about spring cleaning their homes, but do you also spring clean your business?
Spring cleaning your business is a great way to refresh and reset, to enable you to refocus and push through to Christmas and set a plan for 2022. It's also a great way to bring your team together socially, as well as ensure everyone in the business is working towards the same goals.
With the end of the financial year, it is the responsibility of the governing body (Board or Committee) of your not-for-profit (NFP), to consider the regulatory reporting obligations that the NFP is required to meet.
The saying might not be “as busy as an air conditioning service business in Darwin”... but it might as well be.
Luke Young is the Managing Director of Mechanical Building Services NT (MBS), a Darwin headquartered commercial air conditioning service and maintenance business which has seen significant growth in the four years he has been working with Lee Green.
As the new financial year is about to begin, our minds here at Lee Green turn to tax! Though it may be some time before you have all of the information needed for the preparation of your individual tax return, we have provided below our handy Individual Tax Return Checklist to help you along the way. You can also download the checklist here.
Once you have compiled all of the information required, please get in touch with us to make an appointment.
