Why your business needs an emergency fund and how to build one
Running a business is no small feat. Whether you’re a startup or a seasoned enterprise, the road to success is often paved…
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Company income tax returns
An income tax return outlines the income earned by the company, the expenses incurred, and the taxes due. The purpose of filing…
Understanding the New Customs RLA Registration Processes at SARS
Understanding the New Customs RLA Registration Processes at SARS The South African Revenue Service (SARS) has implemented new processes for the registration…
Understanding Depreciation: What It Means for Your Business
Understanding Depreciation: What It Means for Your Business Depreciation is a term often thrown around in accounting, but what does it actually…
Return of Earnings, the Important Stuff
A Return of Earnings (RoE) submission is a report required by the Compensation Fund for Employers to document and declare their employees’ earnings,…
The Importance of Supporting Documents and Document Management in Accounting
In the world of accounting, precision is paramount. Every number, every transaction, and every financial statement must be backed by concrete evidence,…
Ensuring consistency between tax returns and annual financial statements reported figures
In the world of finance and taxation, accuracy is paramount. For businesses, ensuring that the figures reported on the Annual Financial Statements…
The Importance of Accurate Figures at Year End: Why They Matter for Annual Financial Statements and Tax Returns
As the year draws to a close, businesses and individuals alike focus on preparing their Annual Financial Statements (AFS) and filing their…
Planning for the following financial year
It is the beginning of the calendar year, and for most of the businesses it is the end of their financial year. …