Category: Accounting and Tax Blogs

Outsourced accounting – 5 reasons why it works

Outsourced accounting

When it comes to your business, does the thought of regular accounting tasks fill you with dread? Do you worry if you are doing things right or if routine tasks like submitting your returns will take you away from you growing your business? Here are 5 reasons why outsourced accounting is a must for your…

Employer Interim Reconciliation Ends

Employer Interim Reconciliation Ends

An employer is required to submit an Employer Reconciliation Declaration (EMP501), Employee Tax Certificates [IRP5/IT3(a)s] to be issued and if applicable, a Tax Certificate Cancellation Declaration (EMP601) by the 30th of October 2015.

Professional Accountants & Tax Consultants – Press Release

PATC (Professional Accountants and Tax Consultants) are excited to announce the recent partnering with South Africa’s number one Sage Pastel Payroll Business partner – Ritzy IT. Established in 1993, Ritzy IT has a strong history of business excellence and knowledge. Ritzy IT specialises in Accounting, Financial, Payroll, Payroll Bureau and Business Solutions. Their superior software…

Why Are Financial Statements So Important?

Financial Statements

Annual financial statements are very important as they provide you with a lot of information about your company and its future. Annual financial statements can provide you with information such as earnings and if they’re higher or lower than the previous year, how sales are doing and whether the company is making more money than…

Management Accounting Best Practices

Management accounting is a specialised type of accounting in which accounting firms focus on the requirements and use of accounting information to managers within companies. This information helps to provide managers with data and advice that allows them to make informed business decisions, while also improving management and control functions. Compared to financial accounting, management…

Outsourced Accounting

Outsourced accounting is when a business contracts with an accounting company, who are specialists in the field to provide all their accounting and bookkeeping services. How does outsourced accounting work? If you are a business owner, you probably know by now that in order to have guaranteed success of your business, good accounting service is…

Why Do Small Businesses Need An Accountant?

It is essential for small businesses to employ the services of a professional accountant who will always be on top of the changing laws and regulations and, more importantly, will know what applies to your company. Accountants offer an in-house accounting service so you as a business owner can focus on managing and building your…

Trying To Decide Whether You Need An Accountant?

Many small business owners have weighed up the merits of getting an accountant. The main question being will it be worth it?  When your operating budget is rather frugal, deciding whether you need an accountant could lead to sleepless nights. To help you decide on what is most appropriate you must first appreciate the serious…

What Qualifications Does a Professional Accountant Have?

The accounting industry consists of a large number of general and specialised professional accountants, who choose to either pursue qualifications that enable them to work as all round account practitioners, or develop their skills and expertise within a specialised accounting niche. Many accountants begin their career with a general tertiary education such as a Bachelor…