How much should I spend on marketing? And how much should I expect to get back in return? It’s challenging to attribute one single activity to one sale and as content marketing and social media become large players in the marketing space, it’s getting even harder to say what one single blog post or Facebook post contributed to your daily … Read More
Client stories: The K.I.S.S Marketing Agency
Darnelle from The K.I.S.S Marketing Agency partnered with 542 six years ago when she began her business journey. “I’ve gained a true partner in my business to direct and guide me throughout my financial business journey. 542 have gone way beyond what I expected of a traditional accountant.” – Darnelle 542 Partners came on board as Darnelle’s first client … 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
Tips, tricks and helpful hacks to make tax time a breeze
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
Key tax changes that may affect you
With less than four days until the end of the 2018/19 Financial Year, it’s time to pull out that tax time check list and make sure everything is in order. Particularly this financial year, there have been significant changes to business and personal tax, which you should be aware of, before lodging your return. Not sure what these significant changes … Read More
Preparing and prioritising your EOFY checklist
With June 30 fast approaching now is the time to start preparing for end of financial year. If you’re not sure where to start, keep reading for your guide to setting your budget and streamlining the tax process this financial year. Start preparing your budget forecast for 2019/20 If you haven’t already, preparing a budget for the next financial … 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
When accountants and mortgage brokers collaborate
Due to the recent Banking Royal Commission, borrowing money is becoming increasingly difficult. It has caused banks to tighten their lending policies which means loans are being assessed more stringently and a critical evaluation of 3 to 6 months of bank statements are being requested, which could ultimately lower your borrowing capacity. It’s now up to mortgage brokers to prove … Read More
2019/20 budget highlights and key takeaways
If you missed the recent announcement of the 2019/20 federal budget, 542 Partners has you covered! The ‘Ballot Box’ budget is designed to showcase the return to surplus and engage voters with initiatives to make them feel like they are more prosperous. A massive infrastructure spend adds to this sentiment. We partnered with Chris Fallico from ACADIA wealth advice to … Read More