“In the business world, the rearview mirror is always clearer than the windshield.” (Warren Buffett) Every business should conduct an extensive review of its business operations at least once a year. Doing a review allows you to track your company’s progress towards achieving its goals, to evaluate current strategies, practices and operations, and to determine… Continue reading Unlock the Benefits of an End-of-Year Company Review
Category: Accounting
What More Can We Do for You This International Accounting Day?
“Accounting is the bridge between financial chaos and structured prosperity.” (Amanda Green) International Accounting Day is celebrated on November 10 every year. The day is all about acknowledging the role of accountants in supporting businesses and the economy – at local, national and global levels. Accountants supporting the economy Accountants are integral to any economy,… Continue reading What More Can We Do for You This International Accounting Day?
The Risky New Trust Landscape – What Trustees Need to do Now
“The common assumption is that trusts are some kind of tax panacea…Then, conversely, from a South African Revenue Service (SARS) perspective, trusts are viewed with a degree of suspicion and mistrust. [T]he truth lies somewhere between these positions.” (Broomberg on Tax Strategy) The legal and tax landscape in which South African trusts operate has changed… Continue reading The Risky New Trust Landscape – What Trustees Need to do Now
Ten Often-Overlooked Ways Your Accountant Can Help Your Business
“If you talk to a top accountant about his field of expertise, it’s mind-boggling.” (Vincent Kompany, professional football manager and former player) Accountants are the tax and compliance champions of any industry, but the best ones do so much more for their clients, as strategic advisors and trouble-shooters who can also assist with automating a… Continue reading Ten Often-Overlooked Ways Your Accountant Can Help Your Business
Five Essential Bookkeeping Tips for Small Businesses
“Making good judgements when one has complete data, facts, and knowledge is not leadership – it’s bookkeeping” (Dee Hock, Founder and CEO of VISA) When running a small business, it often feels like you are doing everything yourself, and some important tasks can slip under the radar. One aspect that should never be forgotten though… Continue reading Five Essential Bookkeeping Tips for Small Businesses
Choosing Accounting Software for Your Small Business
“Creativity is great – but not in accounting.” (Charles Scott, Former governor of Kentucky) Being able to track money as it is coming in and going out is essential for small business owners. Not having proper cash flow management and a full understanding of where your money is going makes it hard to analyse where… Continue reading Choosing Accounting Software for Your Small Business
Five Financial Reports for Informed Decision-Making
“What gets measured, gets managed.” (Peter Drucker) Financial reports, such as a balance sheet, income statement, cash flow statement, debtors reports and actual spend vs budget reports, provide an understanding of where your business stands financially at a certain point in time. They detail the business’s financial performance over a period and also raise red… Continue reading Five Financial Reports for Informed Decision-Making