In this guide, we’ll explain the functional differences between accounting and bookkeeping, as well as the differences between the roles of bookkeepers and accountants. What is the difference between accounting and bookkeeping? Bookkeeping vs Accounting, A lot of...

Bookkeeping is important for helping you maintain accurate financial records. Yet still, many businesses fail to implement this integral process. Besides the fact you are required under law to maintain accurate books and records, doing so will save you frustration...

In this article, we’ll explain the functional of A Comprehensive List of Tax-Deductible Business Expenses in South Africa According to the current economic climate in South Africa, it’s essential to reduce business expenses wherever possible. SME’s businesses must...

In today's article, I will be giving you a better sense of the requirements for claiming expenses relating to our home office and the implications of making such a claim. I am going to give you an overview of the law and its application around home office expenses....

Taxes can be a confusing subject to many people -- what is individual income tax, are you required to file your taxes yourself, when does SARS expect you to file your tax returns, what happens when you don’t file your individual tax return, etc. These are some of the...

In this article, I’ll be going over the biggest tax mistakes that I see small business owners in South Africa make that not only cost them time but also money. Now I completely understand that if you're reading this article chances are you're not an accountant or tax...

In this article, I’ll be going over everything you need to know about tax filing for your business and avoiding South African Revenue Service (SARS) penalties. Your business has tax requirements that must be met in order to comply with SARS and avoid unnecessary...

There is no way to avoid paying tax, and it is essential to submit your tax returns to SARS on time to avoid late submission penalties.  We call late submission penalties fruitless and wasteful expenditure. However, you can plan and save on your tax bill with...

One of the main causes of SMEs failure is poor financial management. Many entrepreneurs or business owners take it upon themselves to ‘run the books’ hoping to save more money. However, a wide range of case-studies show that the benefits of professional bookkeeping...

Thank goodness SARS introduced e-filing in 2003. Before then, many of you might still recall the daunting mission of having to physically go into their offices with all the required information and wait in long queues for your VAT registration to be processed. If VAT...

Do you know to handle your money? As a leading auditing and accounting company specialising in a range of financial-related services, we’re passionate about empowering businesses by helping them develop good management skills of their financial resources. However,...

Before you start a small business it’s important to know what legislation your business needs to comply with and how it impacts your business. One of the essential auditing and accounting services we offer our clients is the review of legislation and the effects of...