They know when you’re sleeping, they know when you’re awake, they know when you’ve been bad or good, so be good for the ATO’s sake. Celebrating the holiday cheer can have far-reaching consequences but planning ahead and budgeting appropriately can save you from much bigger headaches in the New Year. 1. Give yourself a tax-free Christmas As small business owners … Read More
The future of integrations is endless with Xero
If you don’t already utilise Xero technology in your business, you may want to rethink after reading this blog. With already over 800 third party apps able to integrate with your Xero account, Xero are constantly looking for new partners to help streamline processes for businesses of all sizes. What’s been available? Bank feed integration has been around for … Read More
Income protection and key person insurance; How to know you have the right policies for you and what to do if you already have insurance
If a serious illness or accident occurs, particularly to business owners and/or the key personnel, the business may suffer a significant loss in terms of cash flow, turnover and turnaround of products and services… just to name a few. Income protection and key person insurances are critical to ensuring the survival of your business. For most of us, our ability … Read More
The changing landscape of lending
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
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
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
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
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
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
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