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Business Process

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‘Closing the Loopholes’? More contentious Workplace Law changes

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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

How to: Track P&L in Xero

How to: Invite a user to your Xero file

Managing any business requires some number crunching and tracking the money going in and out of your company to keep your finances on track. A common question we get asked, is “how can I view my P&L by my different business units?”... Read more

A simple step to save you thousands. Let’s talk subcontractor statements.

subcontractor statements.

A subcontractor statement refers to the written contracts that subcontractors provide to their principal contractor. These statements apply to a specified period of subcontracted work. As the principal contractor, you need to be careful about complying with the statutory requirements... Read more

Dext: formerly known as Receipt Bank

Receipt Bank

As you may know, Receipt Bank recently announced their rebrand. Now known as Dext, the new name is a fusion of two words: the dexterity that accountants and bookkeepers bring to their client’s challenges and the next generation attitude that so... Read more

Efficiency in business

Efficiency in business

A wise man once said, “Don’t confuse being busy with being productive – they’re not necessarily related.” There’s a lot you can do as a business owner. But the reality is, you can’t do everything. We often see business owners... Read more

Life after COVID | Part 3: Looking ahead at business in 2021

Looking ahead at business in 2021

Welcome to part 3 of our 4-part video series, arming you with the tools you need to prepare your business for life after COVID. In this part we look to the year ahead for businesses, and discuss the connection between efficiency... Read more

Smart business: Invoicing with payment plans

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In a world where the concept of “normal” has been redefined, the year 2020 has taken us all by surprise. The way we work, do business and operate have changed. The way we shop has changed. The way we pay... Read more

COVID-19 Preparation Checklist for Businesses

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As the COVID-19 pandemic unfolds, we are across important updates around the economic response and stimulus package announcements. And will continue to share these important updates with you via email and our social channels. The below PDF is free to download and... Read more

COVID-19 Preparation Checklist for Business Owners

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As the COVID-19 pandemic unfolds, we are across important updates around the economic response and stimulus package announcements. And will continue to share these important updates with you via email and our social channels. The below PDF is free to download and... Read more

2020: The year for smarter business decisions

2020 Smarter

We know every dollar (and minute) counts in business and regardless of where you are in your business journey, understanding the numbers is key to making smarter business decisions. Do your figures add up? It may not be the end... Read more