Brendmo Chartered Accountants

Adapt or Suffer: How to Keep Your Business Afloat in a Changing Climate

“Taking bold action on climate change simply makes good business sense. It’s also the right thing to do for people and the planet.” (Richard Branson) Climate change impacts the fundamentals of business operations. Rising heat affects productivity, floods and storms damage infrastructure, droughts disrupt supply chains, and new regulations increase…
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Management Accounts: A Strategic Tool for Business Success

“Accounting is the language of business.” (Warren Buffett) Increasingly, banks and other organisations are requiring businesses to submit up-to-date management accounts when applying for finance. This is because these compact financial reports enable business analysis even when the latest annual financial statements are not yet available. Management accounts also offer…
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What’s the Difference Between a Bookkeeper and an Accountant?

“Finance is effectively the rhythm section of a company. It creates the company cadence that every company needs.” (John Baule, CPA and ecommerce expert) You can’t grow a business without a clear handle on your numbers. But too many business owners still confuse bookkeeping and accounting. These roles do have…
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The Emotion-Based Money Decisions That Could Be Costing Your Business

“Financial planning causes a struggle between the rational brain and the emotional brain.” (Michael C. Finke, author of Money Management Skills)  You didn’t start your business to become a psychologist. But understanding the way emotions creep into your decisions could be the difference between plain sailing and struggling to stay…
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Busting the Accounting Myths That are Burying Your Business

“People with limited understanding of business think that it’s all about making profits. But those who actually run businesses know that it’s all about managing cash flows.” (Cedric Chin, entrepreneur and management training consultant) Most business owners aren’t careless with money. They obsess over profit margins and expenses, and carefully…
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SARS’ Crypto Crackdown Intensifies with Dedicated Crypto Unit

“Transactions or speculation in crypto assets are subject to the general principles of South African tax law and taxed accordingly.” (SARS) A staggering 5.8 million South Africans hold a crypto asset, with Southern Africa boasting the largest uptake of Bitcoin in the world.  SARS has not failed to notice the…
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6 Ways to Maximise Your Revenue Through Smarter Networking

“Networking is not about just connecting people. It’s about connecting people with people, people with ideas, and people with opportunities.” (Michele Jennae, business coach and author) Most entrepreneurs know they should be building a network, but not many know this should be a core business strategy. Building and maintaining the…
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