Capital budgeting is the process of making investment decisions in long term assets. It is the process of deciding whether to invest in a particular project as all the investment possibilities may not be rewarding.
Thus, the manager must choose a project that gives a rate of return more than the cost financing such a project. That is why he must value a project in terms of cost and benefit. (more…)
Section 200 of the Tax Administration Act (“TAA”) deals with the Compromises on Debt owed by individuals, trusts, close corporations and companies. It allows a senior SARS official to compromise a tax debt which could be comprised of taxes, penalties, interest and even additional tax if certain requirements are met.
The Term “Compromise” Is Defined In Section 192 Of The TAA As An Agreement:
In general, engagements to issue a report on financial statements should be performed in terms of relevant statutory requirements, common law requirements related to professional competence, due care and a code of conduct issued by a professional body.
A report may only be issued once all the above requirements are met.
The duties of accounting officers are explicitly stated in various statutes.
However, in addition to these statutory duties, accounting officers have certain common law duties, such as: (more…)
Below are some of the signs, as part of the procedures that corporates must follow, to assess if the company is in financial distress. Looking and analysing the following and other indicators of financial distress could assist the company to detect the risks and costs that could occur.
A financial distress report would then include all the indicators assessed and state how they will have negative impacts on the finances of the company and why they were considered as ones that will eventually impact the company’s financial position negatively. (more…)
Growing up in a town where Chris saw people struggle has motivated him to become a successful man. This dream he had has motivated him to study and work hard to one day have all the finer things in life. He has completed his National Diploma in Financial accounting and has a great passion for this field. He has excelled with a Cum-laude pass. He has gained a lot of knowledge in his career thus far. The abilities and skills that he’s attained during his years of work and study has helped him to grow as a professional and also made him more aware of the business world and the importance of client-service. (more…)
Cindy is an extremely talented, competent and experienced business professional with a 15-year track record and proven skills as head of her department, in the field of accounting, taxation and bookkeeping. She has developed competencies within highly competitive environments that gave her the experience to deal with various companies and individual clients, as well as her supporting team members over the years. (more…)
Darusha is a dynamic and energetic person who has over 9 years’ experience in the accounting industry. She’s a well-mannered, articulate and hardworking individual who is always highly motivated. She works well under pressure, reliable and carries out tasks in a thorough and precise manner with excellent communication skills both over the phone & face to face. She is detail-oriented, efficient and organized professional. Darusha possesses strong analytical and problem-solving skills, with the ability to make well thought out decisions. She is resourceful in the completion of projects and effective at multitasking. With experience, skills and knowledge in all the various fields of the accounting industry makes her a highly competent team player. (more…)
Mandy is an experienced business professional with 40 years’ all-round experience in different fields such as Sales executive, Sales Department Manageress, Sports Coordinator, Drs Receptionists and a whole lot of other fields. Mandy ensures that the wheels keep turning at PATC as an Office Manager. Her ability to engage with clients and staff are exceptional. She also manages the Debtors and Creditors department of PATC. She has always believed in herself and pushes the boundaries to excel at different challenges to ensure good results monthly. Mandy is a great team player and works well with her peers and managers. (more…)
Joann is situated at the front line of PATC. She is often the first contact person for any client before they are assigned to their dedicated team member. Joann is a motivated professional with the ability to operate multi-line telephone systems and route calls to appropriate staff members. She is able to exhibit superior communication skills along with proven abilities to maintain calm during extreme pressure. She has also decided to upskill herself to further her career possibilities and she’s now assisting one of PATC’s sister companies with Data Capturing within the bookkeeping department. (more…)
A Will is essential BUT many people don’t draft one. This can lead to hardship. In this brief article we will follow the lives of an ordinary family of four, Greg (34 years old). Kate (30 years old. Cody (5 years old), and Lucy (3 years).
We Will Illustrate 5 Reasons Why Having a Last Will & Testament is a MUST!
1. Guardianship of Your Minor Children