General

Today the Federal government announced a $17.6 billion economic stimulus package in an attempt to prevent a recession caused by the coronavirus outbreak. The Prime Minister anticipates the economic measure will benefit around 690,000 businesses employing 7.8 million people. It... Read more

If you’ve moved out of the start-up pond and experiencing rapid growth, chances are you are also navigating unexpected opportunities and unplanned issues. The growth phase for businesses, while exciting, can be one of the hardest to manage so we’ve... Read more

Business can move at a rapid pace so we’ve created an infographic that highlights four simple ways to keep your business in shape and give yourself every opportunity to do better business in 2020. At 542 Partners we don’t only... Read more

Legislation that passed through Parliament last month prevents taxpayers from claiming a deduction for expenses incurred for holding vacant land. The amendments are not only retrospective but go beyond purely vacant land. Previously, if you bought vacant land with the... Read more

As technology evolves and clients demands shift, we take the opportunity to deliver sustainable business solutions that go beyond counting beans and crunching the numbers. Numbers are just numbers (until we explain them to you) Understandably many business owners focus... Read more

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

The Government has resurrected its plan to remove access to the main residence exemption for non-residents – a move that will impact on expats and foreign residents. Back in the 2017-18 Federal Budget, the Government announced that it would remove... Read more

Woolworths is the latest company facing a fallout from the underpayment of staff. In what is believed to be the largest remediation of its kind, Woolworths have stated that they have underpaid 5,700 salaried team members with remediation expected to... Read more

  What was once a small software company, is now a thriving business in the technology industry that partners with some of the world’s leading technology companies. Natalie Ridland, Financial Controller at XAM Consulting tells the story of when they... Read more