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The relationship between profit, tax and cash.

  Want a printable version of this infographic? Click here.   Need help managing your profit, tax and cash flow?   Let’s talk. Love the blog? Subscribe to receive it fortnightly.   What do you think? We would love to hear... Read more

The four keys to successful business planning in 2017

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As the New Year rolls over and we go full steam ahead, forward planning can be forgotten. To appropriately plan your calendar year in business there are four key areas that should be kept top of mind. Four key things... Read more

Wrapping up the year that was and looking toward 2017 and beyond

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As we round out another year, we’re excited by what 2017 holds for business. There’s change in the air and it only means good things for you. Looking back at the year that was, there are 5 significant changes that... Read more

The Great Car Debate: Buying And Financing A Car For Your Business

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Deciding to purchase a car is a big decision. While there are different options and pros and cons associated each, you must consider your circumstances before making a commitment. While most consider the financial factors, it’s important to also consider... Read more

EOFY TO DOS: How to prepare an employee payment summary

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Under pay as you go (PAYG) withholding, you must give each of your employees a payment summary showing the payments you have made to them and the amounts you withheld from those payments during a financial year. Preparing your employee... Read more

Company funds Vs. Personal funds: withdrawing money the right way

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  Many newly incorporated companies that have previously been sole traders find it difficult to distinguish between company money and personal money. As a company director, you’re entitled to receive some form of income such as a salary. However, unlike... Read more

BUDGET 2016/17: A Budget Of Targets

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As the Treasurer foreshadowed, this is a budget of targets – a big, long-term crafted budget designed to give enough pre-election glow but with structural measures to reign in spending and reduce concessions. Highlights included: Company tax rate reduced to 25% over... Read more

Cash flow Vs. Profit: Is there a difference?

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  Commonly, the relationship between profit and cash flow are confused. Many small business owners don’t understand the distinction between “profitability” (as presented on a Profit & Loss report) and the true health of the business from a cash flow... Read more

The love issue: why 542 partners make great… partners

The Love Issue 542 Partners

  As Valentines Day is just around the corner, we’re feeling the love and keen to share it. Are you looking for a new accountant? A true partner in your business? It could be time to shift the dead weight... Read more

Top tips for you to do better business in 2016

Top Tips To Do Better Business In 2016 542 Partners

  New year, new (business) you? We hear you! Whether you’re just starting out or growing your business, doing better business for the New Year is a top priority. In our experience we’ve found the difference between a good start... Read more