Are you self-employed, a contractor, a freelancer, or a budding entrepreneur who is proudly boss-free? No matter how you do it, if you earn an income, you legally need to pay income tax. Not sure how to go about this? contenu utile sur assurance antivol budget Read on… (more…)
Annual Audit Or Review? Which Is Right For Your Company?
With the 2011 change in the Companies Act, 80 to 90% of companies in South Africa, namely PTY Ltds, do not require an annual audit. Rather the new Act allows for an independent review – an alternative form of ‘auditing’ a company’s financial statements. Will a review do for your company? Or would an annual audit mean much more? (more…)
Financial Planning For Women – Here’s What You Need To Know.
Every income earning individual needs to have a financial plan – this will ensure that your money and lifestyle is protected. However, it might surprise you to know that women have different financial planning needs to men, even if they need similar financial products. Do you know how best to plan your finances as a woman?
What are Indirect Expenses And Why Should My Business Care?
Just starting out in a new business? To make sure your business runs efficiently, you need to familiarise yourself with a number of accounting terms and understand how these are used (by yourself as a business owner and your accountant) in your financial records. (more…)
Make Sure You’re Ready For Tax Time With This Simple Checklist.
Income tax is the money paid to the government through SARS from the personal wages of working individuals. This money is used to help fund community projects such as government hospitals and roads. Once you are registered with the South African Revenue Services (SARS) as a taxpayer, the amount of tax you pay depends on:
- how much you earn
- your age (whether you’re under 65 or over 65)
- if you’re a member of a pension fund or pay towards a retirement annuity fund
Watch It! Tips For Preventing Fraud In Your Business.
As difficult as it may be to believe, employee fraud and theft is a major concern in most businesses, small and large. In the case of a business, fraud refers to stealing cash or non-cash assets, intentionally misstating facts on the business’ financial statements, and corruption (where employees influence business transactions for their own benefit). (more…)
Do You Have A Personal Budget? Here’s Why You Should…
Your business probably has a budget but do you? If not, you should! In these tough economic times, creating and sticking to a personal budget is a fundamental step towards using your money effectively and avoiding debt. (more…)
Money In, Money Out. Learn How To Manage Your Cash Flow For Better Business.
Simply defined, cash flow is the money coming into and going out of your business, tracked on a cash-flow statement. If you have positive cash flow, you have more money coming into your business – typically through sales – than going out – to expenses such as payroll, stock, and rent. (more…)
Net Income, Assets, Capital Management… Do You Speak Accounting?
Every successful business depends on a strong accounting element – financial records need to be properly recorded and analysed and you need to know the state of your business from a financial standpoint at any given time. That’s why you’ve hired a professional bookkeeper and/or accountant – or why you should. (more…)
Your Employees Rock! Five Ways To Show Them You Noticed.
Your business depends on your employees and you rely on their time and expertise. Life is busy and you may think about how much you value your employees but not actually show them. Once a year, at bonus time, is really not enough, especially if your employees have been working through a difficult time or putting in lots of extra hours. (more…)
