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Tax Agent Appointment Process

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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

5 Ways to prepare your business for the festive season

Off And On

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 future of integrations is endless with Xero

Xero Intergrations

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

Essential 2019 business apps and integrations

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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

New year. New Xero: What you need to know in 2019

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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

How to avoid audit agony

How To Avoid Audit Agony Imange

For most small business owners, the thought of getting an audit notification from the ATO is horrifying. But if you’re well prepared, patient and co-operative audits don’t have to be as painful as they sound. The ATO orders audits based... Read more

5 apps we love for better business

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We know running a business can be time consuming and with so many things to juggle, there doesn’t seem to be enough hours in the day. So we thought we’d ease some of that pain with our five favourite apps... Read more

Converting to the blue side: Why your business needs Xero

Xero Accounting

If you want your business to work smarter and faster, cloud accounting software and specifically Xero is our recommendation. Xero’s cloud based system will not only give you a better overview of your finances but will improve collaboration with your... Read more

Spotlight on: Receipt Bank

Receipt Bank

Not only for our clients, but for ourselves as well. For the last 12 months we’ve been using and happily recommending Receipt Bank to our clients. Receipt Bank’s aim is to remove the burden that bills, receipts and invoices place... Read more