In the graph, the point at which total fixed and variable costs are equal to total revenues is known as the break-even point. At the break-even point, a business does not make a profit or loss. Therefore, the break-even point is often referred to as the “no-profit” or “no-loss point.” Anything above this point would…
Creditors’ reconciliation statement is the process by which Creditor/s account (creditor’s transactions in the system) is compared and reconciled against a monthly statement received from the creditor. Once the two records are reconciled, the account becomes payable.
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…
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…
We are excited to announce the opening of our Natal Branch Win4Me is a successful business broker that have been operating in Johannesburg for many years. We have now extended our expertise service to Tshwane and Kwazulu Natal. Our commitment coupled with our tried and tested process is our formulated recipe to sell your business…
Here is a comprehensive list of the various funding schemes and grants that you can take advantage of. The role PATC will play: Only after you have gone through this list yourself, they must highlight to us which they think they might be able to benefit from. a. The list specifies what criteria you will…
At PATC, we assist with business rescue, which is defined by the Companies Act 2008 with an aim to facilitate the rehabilitation of a company that is “financially distressed,” by providing for: the temporary supervision of the company and management of its affairs, business and property by a business rescue practitioner, a temporary moratorium (“stay”)…
1. DO NOT PANIC Avoid physical contact with other staff members and clients. Do not touch your face – use a tissue if you have to or toilet paper and then throw it in the dustbin. Recommend to clients that they either email or call or facetime or skype. Do not refuse a meeting, but…
Upon closer inspection of the official statement from the office of the President, this is my interpretation on it and not official advice. Using the tax system, we will provide a tax subsidy of up to R500 per month for the next four months for those private-sector employees earning below R6,500 under the Employment Tax…
During the process of strategic planning, budgeting for the long-term should be a major consideration. Trying to plan for long-term expenses often proves difficult for many people. Here are the basics of how to budget for long-term success. Determine Goals The first thing that you will need to do to plan is to decide exactly…
