accounting

This is a pre-election budget for the people with everyone getting a little something to ease cost of living pressures. Like the Price is Right gameshow, it will all come down to the price paid at the checkout. If the... Read more

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

  Darnelle from The K.I.S.S Marketing Agency partnered with 542 six years ago when she began her business journey. “I’ve gained a true partner in my business to direct and guide me throughout my financial business journey. 542 have gone... Read more

For a while now, the general commentary around accounting has been around the rise in data entry automation spelling the death the traditional accounting industry and signalling the new approach to accounting. Significant technological change and a shift in the... Read more

There is no doubt you have heard a lot about the recent super reforms. With so much being said, we’ve distilled our top strategies to help you stay compliant and take advantage of the new rules.   Make voluntary personal... Read more

As an employee, salary-sacrificing superannuation, by making before-tax super contributions, is a popular strategy for middle-to-high income earners. Salary sacrificed superannuation contributions under an effective salary sacrifice arrangement are not considered to be fringe benefits and can be a tax... Read more

With business expenses piling up around you, it’s easy to leave your own super contributions last on the list. While it’s law for you to pay the 9.5% of salary, superannuation guarantee for your employees, many small business owners fail... Read more

  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

When your business grows, it’s a great thing. But your business can grow rapidly and without adequate planning, there may not be enough space to work efficiently. There are several things to consider when deciding to expand premises, including whether... Read more

  Sounds like a bunch of boring numbers, but as of July 2016 by law anyone giving financial product advice under an Australian Financial Services Licence (AFSL) must satisfy ASIC’s training standards which are explained in Regulatory Guide 146 Licensing:... Read more