Brendmo Chartered Accountants

Business Owners: Have You Tried These Money-Saving Hacks?

“Beware of little expenses; a small leak will sink a great ship.” (Benjamin Franklin) When a company is struggling with cashflow, or simply looking to improve profitability, the directors will often consider making grand sweeping changes like retrenching staff, slashing the marketing budget or even selling off resources. While this…
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How To Avoid an eFiling Profile Hijacking

“…it is vital that all stakeholders in the digital ecosystem, including the taxpayers, SARS, and the banks, work together to prevent and combat profile hijacking.” (SARS) The recent spike in the number of SARS eFiling profiles being hacked by cybercriminals should raise red flags for every taxpayer. It’s got so…
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Five Signs It’s Time for a Rebrand

“Your brand is what other people say about you when you’re not in the room.” (Jeff Bezos) You have a great product or service that fills a need. You are doing your marketing. Your accountant has helped you streamline your cashflow and provided you with your financial forecasts. You are…
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Beware the Taxman When Accessing Your Three-Pot Retirement Savings!

“The two-pot system is meant to support long-term retirement savings while offering flexibility to help fund members in financial distress.” (National Treasury) With two new pots added to what used to be the one-pot South African retirement system, fund members can now access a portion of their retirement savings before…
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5 Top Tips for Managing Debt in Your Startup

“There are no shortcuts when it comes to getting out of debt.” (Dave Ramsey, finance journalist and author) Most businesses have debt of some kind or another. Whether you need help to buy stock, maintain equipment or even fund a property, it’s likely that at some stage in your business’…
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Is it Possible To Run a Successful Ethical Business?

“It takes 20 years to build a reputation and 5 minutes to ruin it. If you think about that you will do things differently.” (Warren Buffett) During tough economic times it can be tempting to illegally cut corners, hire staff at lower salaries, or avoid paying taxes you know you…
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Do You Qualify for These Tax Rebates? Let Us Check!

“The hardest thing in the world to understand is the income tax.” (Albert Einstein)  Tax rebates, deductions and incentives provide relief to taxpayers by reducing the amount of tax payable to SARS, resulting in welcome tax savings. But how do you figure out which rebates, deductions or incentives apply to…
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When Should Your Company Be Cautious of AI?

“Artificial intelligence is just a new tool, one that can be used for good and for bad purposes and one that comes with new dangers and downsides as well.” (Sarah Jeong, information and technology journalist) Using powerful data analytics and pattern recognition, Artificial intelligence (AI) has become the latest buzzword…
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Five Foolproof Tips for Onboarding Remote Employees

“Employee orientation centres around and exists to help the individual employee, but it is the company that ultimately reaps the benefits of this practice.” (Michael Watkins, author of “The First 90 Days”) Onboarding a new employee is always a delicate task. And it’s a whole lot trickier (and arguably more…
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7 Effective Business Lessons Inspired by Madiba

“We can in fact change the world and make of it a better place.” (Nelson Mandela) Rolihlahla Mandela was born into the Madiba clan in Mvezo, Transkei, on 18 July 1918. He was given the name Nelson by a teacher on his first day at school. Affectionately known as Tata,…
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