Cloud Accounting


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

They know when you’re sleeping, they know when you’re awake, they know when you’ve been bad or good, so be good for the ATO’s sake. Celebrating the holiday cheer can have far-reaching consequences but planning ahead and budgeting appropriately can... Read more

If you don’t already utilise Xero technology in your business, you may want to rethink after reading this blog. With already over 800 third party apps able to integrate with your Xero account, Xero are constantly looking for new partners... Read more

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... Read more

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... Read more

Technology plays such a vital role in business. And let’s be honest without it, you may be losing valuable time, which we all know, equals money! At 542, we love utilising the latest accounting and business technologies to save time... Read more

As we enter the New Year, our friends at Xero have been hard at work making loads of planned changes to help us to even more beautiful business in 2019. Like Xero, we’re on a quest to make record keeping... Read more

If you have big plans for your business in 2019, then January is all about laying a solid foundation for the year ahead. Before you get caught in the day to day life of business, use January to review your... Read more

From 1 July 2019, Single Touch Payroll (STP) will be expected to be a part of the pay-as-you-go reporting cycle for small business. That’s right, no more end of year ATO reporting and statements for wages, deductions and super information.... Read more

With 1,440 minutes in a day, it’s no surprise small business owners hustle to make every minute (and dollar!) count. We know tracking financials can be a chore, but it doesn’t have to be. Tell-tale signs you need a bookkeeper ... Read more