Sydney Accounting Firm 542 Partners Launches App

A new Accountants App for Australia from 542 Partners

Based in Sydney, 542 Partners has been providing accountancy services to the city since 2013. They currently employ fewer than 10 people, but that hasn’t stopped them from becoming one of the most prominent firms in the New South Wales region. 542 Partners prides itself on its experienced staff members that are able to offer far more than the usual income tax returns and business activity statements, with their specialty being to establish long-term client relationships and guide them towards making the most informed and effective decisions for their firm. 542 Partners are working with Receipt Bank and Xero to provide valuable accounting software that augments and streamlines their client’s work rather than distracting them.

In their desire to provide the best service for their clients and business partners, 542 Partners commissioned its very own App from MyFirmsApp.

The powerful features of the 542 Partners Accountants App

The 542 Partners Accountants App has been built from the ground up to provide immensely handy tools and financial information at your disposal regardless of where you are, saving their clients time and money. As part of the 542 Partners Accountancy App, you will receive a variety of versatile calculators. On average 12,750 App users worldwide use these calculators monthly, a clear indication that these calculators are invaluable to businesses and individuals. Here is a list of calculators available in the 542 App:

  • Income Tax
  • Company Tax
  • PAYG Withholding
  • Super Caps contributions
  • Domestic Meal Allowance
  • Goods and Services Tax
  • Gross Pay
  • Capital Gains Tax
  • Loan Repayment
  • Fringe Benefit Tax
  • Super Salary Sacrifice

Other finance tools include 4 Australian tax tables. Like the calculators, these tables are adjusted by the MyFirmsApp team whenever a change in these tax rates is announced by the ATO:

  • Company tax rates
  • Income for Medicare levy surcharge, thresholds and rates
  • Individual Tax Rates – Minors
  • Resident Tax Rates – Individual
  • Individual Tax Rates for Minors & Adults

The 542 Partners Accountants App can also incorporate the latest finance, tax and accounting news on the go, provided you have an internet connection. The news section will be updated by the MyFirmsApp team whenever necessary, so you don’t have to do anything. It can also display any dates that would be important to your clients – dates for due tax returns, the beginning and end of current tax years, activity statements and so on.

Your clients may have multiple sources of income and struggle to keep track of it, or compare total income to expenditure. The 542 Partners App Income Tracker allows you to input all your different forms of income into one place and track it next to total expenditure.

Are your clients frustrated with losing hundreds of old receipts and missing out on expense claims? The Receipt Manager will allow your clients to upload pictures of their receipts to your phone and give a short description of what they are. The ATO will accept your electronic receipts; as a matter of fact, they even have an App available to do just that. Surely it would be preferable for any accountancy firm with an App to get its clients to use yours instead of the ATO App?

Your clients may have to make journeys as part of their business, and keeping track of your mileage with pen & paper is time consuming and confusing. The 542 Partners Log Book will record your travels for you and collate it all into a single App, which can be easily exported to email.

Other valuable features include:

Perhaps you’re looking for a specific member of staff to talk to, or you need to know where 542 Partners is located. The App has a detailed catalogue of every staff member at 542 Partners, as well as immediate access to the 542 Partners website.

Receipt Bank was developed by Xero as part of its Practice Manager App. Regardless of this, Xero has allowed MyFirmsApp to provide this service within its own Apps. Receipt Bank extracts the information you want from bills, invoices and receipts and can then be published on your accounting software.

542 Partners App offers quick, convenient access to the services your clients use frequently (Xero Receipt Bank, for example) by hosting a portal in your App to the service’s website. Not only is this a great feature for your clients, but 542 Partners will benefit greatly from the level of service they can offer, as well as an unparalleled level of client control & retention.

The 542 Partners App is also designed to support Push Notifications, an innovative new way of presenting information and engaging clients in a method that doesn’t feel as annoying and wasteful as Email shots. While Email shots tend to get overlooked by the vast majority of clients and very few of them actually open and read through it, push notifications are short enough that the vast majority of those who receive them will read them and 4 to 5 times the amount of users will respond to them. In comparison to Email shots, Push Notifications are immensely quick to publish and amazingly effective at directing your App users straight to whatever you wanted to show them.

With this amazingly powerful App, 542 Partners has secured a bright future in a market that doesn’t have many Apps among Australian accountancy firms.

Register for your Full Feature Trial:

It’s easy to register for your free, no-obligation App test drive and discover how an App will benefit your firm. With over 500 firms using our App and 30-40 new firms subscribing every month, your test drive carried out by phone in just 15 minutes will show you how an App will transform your firm and attract new clients with numerous essential resources and features such as frequently updated tax tables, calculators and budget packs, full integration with cloud accounting services and many more. Please remember to get in touch if you have any feedback or suggestions.

Book for a free test drive here.


Categories: Apps, Blog

Daniel Richards

Daniel Richards |

Daniel is Head of Sales and a member of the executive team at MyFirmsApp – the global leader in Apps for Accountants and Bookkeepers.

He is passionate about helping firms maintain a key role in the always-on App environment which plays such an important part in our daily lives. He is particularly keen to raise awareness of the threats posed to accountants and bookkeepers by 3rd parties and even Government. Without a firms’ own App, it really has no way to serve within, benefit from or control the environment where so many clients and prospects now spend their time each day.

Daniel has been involved in helping professional service firms grow and make the most of new techniques, strategies and technology for over 17 years. He is considered to be a thought-leader, is a renowned speaker, and is the go-to-guy for firms and professional bodies when it comes to Apps for accountancy firms.

He has hundreds of testimonials from large and small firms alike, has presented to thousands of firms through the MyFirmsApp and Insight webinars, and regularly speaks for the professional bodies and membership organisations.

Outside work: In his early days Daniel spent most of his time mountaineering and was fortunate enough to undertake expeditions in places such as The Himalayas, Alps, Alaska, Papua New Guinea, Norway and others. Now he enjoys the outdoors as much as possible with his family and friends as well as being active in the leadership of a local church.