Expenses are costs incurred in order to run your business. They are paid for by the income your business earns from sales. The costs are used in the calculation of nett profit and the taxable income. Expenses and cost of … Read the rest
Failing to separate personal and business accounts is a common and sometimes dangerous mistake people make.
To some, it might seem obvious to separate the two accounts. However, some people will expose their business to risks by combining … Read the rest
Small business owners know that the accounting or business admin side of their business is a massive challenge. If left unchecked, it can lead to a mountain of slips and invoices lying all over the place.
They run for the … Read the rest
Accounting is the most vital aspect of any business because it ensures that financial decisions made are based on a sound base. However, many people either do not understand accounting or just do not want to do … Read the rest
Not a lot of people actually know what the difference between a bookkeeper and an accountant is. This creates confusion as to which one they should hire and do they need one … Read the rest
The income statement is a vital report tat every business owner should use and understand. This short video explains it with an example to make it clearer. This will enhance your knowledge of what they are and … Read the rest
Most South Africans’ budgets are getting tighter by the minute with rising travel costs, including fuel prices, fuel levies, e-tolls and the possible implementation of carbon taxes, receiving a SARS refund of these expenses is always welcome!
When is the best time to plant a tree?
25 years ago, BUT the next best time is now.”
Deep roots are imperative to a tree for 2 reasons: 1. They provide stability to the tree in tough … Read the rest
An unfounded fear is often exactly that, UNFOUNDED. In business, as in life, it is always better to get all the facts before acting. This is especially true when it comes to the “dreaded tax man”
Most … Read the rest
