accountant

The Australian Taxation Office (ATO) has implemented a new agent nomination process to enhance security and ensure that only authorised tax agents, BAS agents and payroll service providers can access your accounts and manage your tax affairs effectively. This process... Read more

Choosing the right accountant for your business is essential for so many reasons. But we’ll get to that in a moment. At 542 Partners, we value client relationships and have a genuine interest in guiding your business journey with smart... Read more

Choosing the right accountant is a big business decision. The relationship you have with your accountant should be one of your strongest and most important business relationships you’ll have, so choose wisely. Regardless of where you are in your business... Read more

  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

As the Treasurer foreshadowed, this is a highly targeted budget with most spending measures targeting productivity gains. Highlights included: Tax rate for small businesses (under $2m turnover) cut to 28.5%. Franking credits still deemed to be 30%! 5% discount (paid... Read more

“Too much cash isn’t always a good thing”. It sounds impossible. Improbable. Incomprehensible. Especially for an accountant to say. Businesses love cash, but is there such a thing as having too much? While it may seem counterintuitive to ‘suffer’ from... Read more

March is fringe benefit tax season. “Yippee!” we hear you shout! The FBT year is 1 April – 31 March, so it’s around this time we get asked about FBT. Particularly, one of the most common forms of fringe benefit:... Read more

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.... Read more