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27 Jul 23

Tips for Getting out of Business Debt

Brendmo Chartered Accountants

“Borrowing isn’t inherently bad; it depends a lot on what the debt is financing” (Stephen Moore, writer and economic commentator) Taking on debt can be a good thing for a company. It can fund expansions, help you seize market share or diversify offerings. Handled incorrectly it can, however, lead to…

29 May 23

New Trustee Duties: More Admin, Impossible Deadlines and Hefty Penalties

Brendmo Chartered Accountants

“A trustee has a responsibility to guard the assets of others with a higher degree of care than he does his own.” (John Ashcroft) Onerous new duties have recently been imposed on all trustees of all trusts – by government through legislative amendments, and also by SARS – in addition…

25 Apr 23

Setting Up Your Finances in a New Business

Brendmo Chartered Accountants

“A house built on granite and strong foundations, not even the onslaught of pouring rain, gushing torrents and strong winds will be able to pull down.” (Haile Selassie, Former Emperor of Ethiopia) When starting a new business, few things are as important as establishing your finances and making sure they…

27 Feb 23

Budget 2023: How It Affects You and Your Business

Brendmo Chartered Accountants

“This is not an austerity budget. It is a budget that makes tough trade-offs in the interests of the country’s short and long term prosperity.” (Finance Minister Enoch Godongwana – Budget 2023) Finance Minister Enoch Godongwana’s second Budget contained no major tax proposals, thanks to an improvement in revenue from higher…

11 Jul 22

What To Do When Preparing to Sell Your Business

Gift Shava

“As much as you might love running your business, you must have an end-goal in the plan. At the very least, an exit strategy keeps you from turning your business into a glorified job – working from home, but with longer hours.” (Kevin J. Donaldson) A new year beckons, and…

18 Apr 22

Business Loan or a Credit Facility – Which Is Right for Your Business?

Brendmo Chartered Accountants

“I would borrow money all day long, if the cost of borrowing is less than the expected return.” (Brad Schneider, American congressman) At some point it’s more likely than not that your small business will require a business loan. A 2021 study done by Fundera (a US financial resource business…

11 Oct 21

A Guide to Accessing Funds That Can Help Your Small Business

Brendmo Chartered Accountants

“All company bosses want a policy on corporate social responsibility. The positive effect is hard to quantify, but the negative consequences of a disaster are enormous” (English economist and academic, Noreena Hertz) Stimulating the SME sector is considered as one of the quicker ways to rejuvenating the economy. According to…

24 May 21

3 Reasons Why Your Business Needs A Chartered Accountant

Mollen Mukuze

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 and accounting services can be essential to…

10 May 21

Smart Money Management Tips for Business Owners

Mollen Mukuze

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, it’s important to understand that behind these businesses are individuals who have…