The changing landscape of lending

DarnelleBusiness Process, Business Structures, Cloud Accounting

We have been working on exciting new projects over the past month. Not only do we have a completely renovated (and expanded) head office, we have also been working with some of our good friends and business partners, to create a series of insightful and informative content to help you along your business journey. Don’t forget to subscribe to our … Read More

Start the New Financial Year the 542 way

DarnelleBusiness Process, General

A new Financial Year means a fresh start! So, if you haven’t got your business processes in order, now’s the time to get organised so your 2019/20 financial year is smooth sailing. Mark your calendar First things first, get your calendar in order. If you’re not sure of important due dates for this Financial Year, don’t worry – we’ve done … Read More

All the latest from Receipt Bank Exchange Conference 2019

CraigBusiness Process, Business Technology

As you know, we love utilising the latest technology to streamline processes and provide our clients service beyond compliance. Last month, 542 Partners Director, Stu, attended the Receipt Bank Exchange Conference in sunny Port Douglas to hear from one of the world’s leading technology innovators, Receipt Bank, to see what they have planned for 2019 and beyond. We’ve summarised some … Read More

Essential 2019 business apps and integrations

StuartBusiness Process, Business Technology, Cloud Accounting

Technology plays such a vital role in business. And let’s be honest without it, you may be losing valuable time, which we all know, equals money! At 542, we love utilising the latest accounting and business technologies to save time and make everything work efficiently. Check out our top apps and integrations that we’re loving for efficient business in 2019! … Read More

Starting 2019 off the 542 way

CraigBusiness Process, Cloud Accounting

If you have big plans for your business in 2019, then January is all about laying a solid foundation for the year ahead. Before you get caught in the day to day life of business, use January to review your business processes and financial position, that will help you achieve your goals in the New Year.   As you know, … Read More

Xero makes Single Touch Payroll easy

StuartBusiness Process, Business Technology, Cloud Accounting

From 1 July 2019, Single Touch Payroll (STP) will be expected to be a part of the pay-as-you-go reporting cycle for small business. That’s right, no more end of year ATO reporting and statements for wages, deductions and super information. How does STP work? For businesses with digital payroll software, like Xero, it can be done in seconds. Xero’s STP … Read More

4 Ways your accountant should offer more than a tax return

StuartBusiness Process, Tax

Choosing the right accountant for your business is essential for so many reasons. But we’ll get to that in a moment. At 542 Partners, we value client relationships and have a genuine interest in guiding your business journey with smart technology and clever processes. So if you’re used to only seeing your accountant at tax time, here’s a few more … Read More

E-signatures: the missing link to your lodgement

StuartBusiness Process

We believe the right tools make all the difference. As an Xero Platinum Partner, 542 Partners chooses to send documents for signing via Xero Portal. As agents, we are legally required to have all documents signed before lodging with the ATO. By making the process digital, we hope to streamline the process and make it easier for you to view … Read More

How to avoid blurring the lines between business and personal finances

StuartBusiness Process

Whether you’re a sole trader or in an alternate business structure, managing your personal and business finances separately is essential for good financial management. We know it’s not uncommon to use personal savings, particularly when bringing your business idea to life, but as your business grows, it’s important to track business and personal incomings and outgoings separately. Spot The Difference … Read More