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2014

Stories

Business audits: does your business need one?

We are super excited to welcome our auditing extraordinaire, Adam Brown into the fold. Adam completes our full service structure at 542 Partners and leaves no stone unturned to get under the skin of our clients businesses. Most business owners... Read more

The grass is bluer on the other side: Why EVERYONE loves Xero

It’s an exciting time for business owners. Thinking back 20 years ago (Craig and Adam were still in high school – just and Stu was just a young whippet), accountants were stuck behind their desks, buried under reams of paper.... Read more

Spotlight on Fringe Benefits Tax: Pay to be nice

Top tips at tax time from 542 Partners

Are you a nice employer? Do you shower your staff with benefits when they make their targets? Sometimes YOU need to pay to be nice. Enter > Fringe Benefits Tax. Fringe Benefits Tax (FBT) is a tax levied on benefits... Read more

Franchising: what you need to know

Franchising

A few business owners we’ve come across that have 3 or more locations start thinking: Franchising. Franchising can seem like a great option; sell your idea to others while you sit back, relax and watch your business grow… right? Wrong.... Read more

Is it time to break up with your accountant?

Accountant Break Up

It’s a new year and a new business outlook. Out with old and in with the new. Time to shift the dead weight holding you back and it’s time to assess your relationship with your accountant. Like any break-up, hindsight... Read more

Payroll tax thresholds: know your limits.

Payroll Tax Know Your Thresholds

It’s calculated on the amount of wages you pay per month. You need to pay payroll tax if your total Australian wages exceed the exemption threshold in your state or territory – this varies between states but for this blog... Read more