Posts by editor
Budgeting and Forecasting 2021
For the CFO, the phrase “compliments of the season” is synonymous with “budgeting and forecasting”. The start of a New Year always signals the final checks ahead of the next financial year. Even if your fiscal year does not start on the first of March (as with many South African businesses), it’s always good to…
Read MoreOur 2021 Business Finance Forecast Based on the 2020 Mid-Term Budget Speech
The global pandemic this year changed everything we thought we knew about how 2020 would shape-up. The year, instead, turned into one of rapid-fire adaptation and response—especially for our finance minister, Tito Mboweni. When he delivered the Medium Term Budget Policy Statement (MTBPS; aka the mini-budget), he knew that the private sector and tax-laden citizens…
Read MoreFamily, Business and Death: What Happens When a Business Owner Dies
You probably expect your business to provide for your family when you die—but don’t think that “leaving everything” to your family guarantees their financial security. Lets discuss what really happens when a business owner dies. Fact: a simple misstep now could see your loved ones and your business stranded when you pass. That’s because the…
Read MoreWhy Estate Planning is Essential
Many people think that a last will and testament ensures that your final wishes will be carried out— only to have their loved ones pay the price for ineffective estate planning. If you own a business or shares, especially, estate planning is crucial! Without it, your will could be inexecutable, leaving your dependants and enterprise…
Read MoreThe Significance of Internal Control Accounting Systems
When comparing accounting providers, you may see “internal control” listed as a service and wonder what the significance of this deliverable is. The term internal control is used for accounting systems that can add tremendous benefit to your business. How Internal Controls Improve Auditing Procedures, Financial Integrity and Operational Efficiency There are numerous advantages of…
Read MoreSARS Tax Season 2020 Updates: What You Need to Know
Tax Season 2020: Important Notes For Personal Income Tax and Company Income Tax Taxpayers In May this year, the Commissioner of the South African Revenue Service (SARS) announced changes to the 2019/2020 tax filing season for individual taxpayers. The mainly operational changes come as a response to the effects of the COVID-19 pandemic and social…
Read MoreCloud-Based Accounting Systems and Cash Flow Management
Improved Cash Flow Management and Cost-Savings Enabled by Cloud-Based Systems There’s no denying the harrowing economic effects of COVID-19 in South Africa. Regardless of sector or size, all business owners are focused on ensuring their organisations’ short, medium and long-term survival. Thankfully, the same systems that enable remote working for the safety of individuals are…
Read MoreHow Financial Audits Boost Business
Financial Audit: The Multi-Tasking Business Booster Historically, financial audits have carried the reputation of being “dreaded” and “burdensome”. Something you only complete if it is required by law. The idea of a voluntary audit seems absurd. Until you understand the multiple business benefits of an audit beyond legalities compliance. Audited financials show both the shareholders…
Read MoreSouth African Budget Speech 2020/21
Bite-Sized Budget 2020/21 Take-Outs for Busy Businesses The budget speech has come and gone, but what it means for business is still baffling the best of us. While Finance Minister, Tito Mboweni, delivered some good news and some bad news, his speech mainly comprised proposals. At least, as far as the private sector was concerned.…
Read MoreStatutory Deadlines Made Easy with Exceed
How To Get The Ultimate Returns From Your Statutory Returns When you choose the right financial partner, you won’t just meet your statutory deadlines but derive exceedingly high value from them too. Exceed helps you submit sound returns, on time, and save on costs that you didn’t even realise you had! The Deadline Dilemma Ask…
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