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

Tips, tricks and helpful hacks to make tax time a breeze

DarnelleCloud Accounting, Tax

It’s no secret we love Xero! And even though the platform is super user friendly and easy to navigate, there are hidden hacks that our savvy senior accountants, use every day. Never ones to hold onto our knowledge, check out their favourite Xero hacks, that will save you time.   Holly’s Tip: Repeating bills and invoices For regular bills and … 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

The accountant and the bookkeeper: A match made in financial heaven

CraigBusiness Process, Cloud Accounting, General

With 1,440 minutes in a day, it’s no surprise small business owners hustle to make every minute (and dollar!) count. We know tracking financials can be a chore, but it doesn’t have to be. Tell-tale signs you need a bookkeeper  No time to work on the business You don’t understand your compliance requirements You don’t understand your cash flow Invoices … Read More

Top cyber security tips for small business

StuartBusiness Technology, Cloud Accounting

Huge opportunities for small businesses beckon thanks to online technology and the connections it forges. With this in mind, it’s important you’re equipped to deal with cyber security threats. From phishing scams and ransoms to data hacks and fraud, cyber threats come in all shapes and sizes. But there are ways to minimise the chance of your business data being … Read More

5 ways to shape up your business in 2018

StuartBusiness Technology, Cloud Accounting, General

5 ways to shape up your business in 2018

It’s no secret that we love using the latest technology to improve our clients (and our own) efficiency and business processes. There’s nothing better than saving time (and therefore money) with clever technology. But sometimes, we adopt so much technology that it can have the opposite effect. Technology should supercharge your business life and not complicate it. Here are five mighty … Read More

5 Xero Tricks Of The Trade You Need To Know Now

StuartCloud Accounting, General

We know how precious time can be for small business owners especially when it comes to managing accounting, invoicing and billing. As official Xero Platinum Partners, we’ve collated 5 ways your small business can win back priceless time with our favourite cloud accounting solution. 1. Personalise your Xero home dashboard Scroll to the bottom of your home dashboard and click … Read More