Blog
This is a pre-election budget for the people with everyone getting a little something to ease cost of living pressures. Like the Price is Right gameshow, it will all come down to the price paid at the checkout. If the... Read more
The Australian Taxation Office (ATO) has implemented a new agent nomination process to enhance security and ensure that only authorised tax agents, BAS agents and payroll service providers can access your accounts and manage your tax affairs effectively. This process... Read more
As trusted advisors to businesses, we at 542 Partners closely collaborate with legal experts like Nick Noonan from Henry William Lawyers. Nick recently shared his insights on the implications of the Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill... Read more
There is nothing in this Budget that would create a UK style crisis. The stage 3 tax cuts legislated to commence on 1 July 2024 are not mentioned, and most funding initiatives appear to be a reallocation of previous Government... Read more
Has workplace compliance been on your mind? Book in a FREE Health Check today. Underpayments, incorrect or weak employment contracts, and paying an employee under the wrong award are common compliance errors businesses make – they’re costly errors that can... Read more
From 1 July 2022, two important super guarantee (SG) changes will apply to your business. Mitchell, Accountant at 542 Partners, takes you through the changes you need to know. https://youtu.be/A5quGVbyPfI
The 2022 financial year has been another eventful year for most, having to continue to face unprecedented economic conditions, among many other challenges. Now that we are entering the last month of the financial year, there are a number of... Read more
The Federal Government has recently announced a new wage subsidy of up to $28,000 (per employee), paid in $7,000 per quarter over 12 months, aimed at business owners that have recently (within the last 3 months) employed new apprentices or... Read more
You’ll have an extra step to take if you have new employees who start from 1 November 2021 and they don’t choose a super fund. Katie, Account Manager at 542 Partners, takes you through the changes you need to know.... Read more
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