Tips for Financial Year-End Success

By | 2018-02-19T15:04:56+00:00 February 19th, 2018|Blog|

For many businesses in South Africa, it’s that time of year again – the financial year end. Financial year-end means Provisional Tax needs to be calculated and paid to SARS by the last business day of the financial year. What is provisional tax? Provisional Tax is a prepayment of Income Tax. Instead of

The Importance of Setting Business Goals 2018

By | 2018-02-19T13:09:29+00:00 January 29th, 2018|Blog|

Getting lost used to be much easier, one wrong turn and you could lose your way. You might even pull over to unfold a faded paper map to find your way or maybe even ask a stranger at a gas station for directions. Now smartphones and GPS have changed the way we navigate, but

Valid Tax Invoices requirements as per SARS requirements

By | 2018-02-19T13:11:28+00:00 October 22nd, 2017|Blog|

While doing the processing for our clients, we see many vendors submitting invoices that don't comply with the VAT Act. SARS regularly does review's of VAT returns submitted, should a invoice be submitted that does not meet the requirements, SARS will disallow the VAT for that invoice and potentially raise a penalty. Below is

Important SARS deadlines business owners need to know about

By | 2018-02-19T13:13:26+00:00 September 2nd, 2017|Blog|

Below is a quick guideline to important SARS deadlines. VAT (VAT201) Most businesses will be registered with a 2 month VAT period, either odd months (i.e. January, March, May etc.) or even months (February, April, June etc.). Your VAT return will need to be submitted on the last business day of the month following your

4 Advantages of Digital Signing for Businesses

By | 2018-02-19T13:14:11+00:00 September 2nd, 2017|Blog|

Digital signing, versus the traditional "wet" signature, has become increasingly popular in recent years.  More and more countries across the globe have endorsed the legal validity of digital signing, enabling businesses to digitize entire workflows and further optimize management processes. Whether you're preparing an employee work agreement, finalizing a new client contract, or submitting an

Cloud Accounting vs Traditional Packages: Flexible, Agile, Scalable

By | 2018-02-19T13:19:50+00:00 July 11th, 2017|Blog|

We like to get straight to the punch, and cloud accounting lets us do exactly that. Now, we simplify your decision with a straightforward comparison: Cloud Accounting vs. Traditional Software Packages. We’re not even going to try to keep impartial. It’s like comparing hot yoga to a night in the iron maiden, but we’ll let

Improving cash flow: How to get paid faster

By | 2018-02-19T13:27:24+00:00 July 10th, 2017|Blog|

Maintaining positive cash flow can be challenging for small businesses, whether you’re just starting out or have been running your company for years. The difficulty often comes down to waiting for clients to pay their invoices. One or two chronic late payers cost valuable time and money when you have to chase them down; if

6 Ways That We Use Cloud Software To Grow Our Accounting Business

By | 2018-02-19T13:20:50+00:00 July 6th, 2017|Blog|

Everyone likes to talk about “The Cloud” these days, and with good reason. Businesses are increasingly finding value in using incredibly powerful cloud computing systems at monthly prices that are so low it almost defies belief. Why is cloud computing so powerful, yet so cheap?  Cloud services use powerful computers that makes lots of calculations

Strengthening your balance sheet

By | 2018-02-19T13:28:44+00:00 June 10th, 2017|Blog|

Your balance sheet (now more correctly called a Statement of Financial Position) reveals a great deal about your business, including the total value of your assets – the things you own; how much you owe to others – your liabilities; and the level of your solvency. These three aspects will be studied carefully by lenders