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 is an amazing (and sometimes really annoying) thing. Friends and family happily tell you what they always wanted to say … Read More
Payroll tax thresholds: know your limits.
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 we’ll look at NSW. In NSW it’s the friendly folk at the NSW Office of State Revenue that look after … Read More
542 Partners in 2014
Looking to 2014 we see great things happening, all of which are only going to improve our service and scope for our clients. Like all good relationships, we think it’s important to share our vision for the coming year and like always, keep the lines of communication open. The lights are on and we’re all home. 2014: A taste of … Read More
4 things your accountant could (or should) do
Back in the junior accountant days our clients looked very different. The number one concern was around “what can I claim to reduce my tax bill?” Fast forward to 2013 and clients are painting a different picture. Now, clients are becoming more aware of not only tax accounting but business accounting. Business owners want to know how to best set … Read More
Choosing a business accountant 101
Q: What’s the definition of an accountant? A: Someone who solves a problem you didn’t know you had in a way you don’t understand. We think this joke is funny. But unfortunately for some business owners – it’s a reality. Often the relationship you have with your accountant can be a once a year, burn a hole in your pocket, … Read More
Cloud Accounting: 5 common myths BUSTED
As paperless accountants, we make no secret of being advocates for cloud accounting. We do understand however that not all business owners are as eager to join the cloud as we are. Often clients that are tentative to join the cloud are resistant for 5 common reasons: “I don’t trust all the Aps and plugins” Sure, some aps seem to … Read More
eWAY a new way to pay
Last month we announced the exciting news that we had integrated eWAY into our payment methods. We got inundated with positive feedback and requests for more information. So this month we thought we would cast a spotlight over eWAY and explore what it is, how it works and how to integrate it into your business. What is eWAY? eWAY was … Read More
The 542 Office Transformation
At 542 Partners we like to see our clients not just at tax time, but all year round. We pride ourselves on building long lasting solid relationships with our clients. Our office is the place where all the magic happens. So feel free to pop in to our office, have a chat and if you catch us during lunch there … Read More
How to save time and money FAST: Business Process Automation
Every day business owners create more work for themselves with unnecessary double business processes. Time sheets, expense claims, daily POS and supplier invoices do not have to be manually entered. We all know that time is money, so why not save some time and rid your business of unnecessary laborious tasks that cost you money. Enter: Business Process Automation (BPA) … Read More
Introduction to 542 Partners
We are thrilled to be now up and running and would like to extend a big thank you to all those who have so generously offered their support from day 1. Over the coming weeks and months we plan to announce many exciting, innovative and informative solutions that we hope will benefit our valued clients. Stay up to date … Read More