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Can you recession-proof your South African business?

Say what you want about the South African economy: it’s never boring. In eight years, it’s experienced two recessions, gone through six finance ministers, and received stark warnings from the International Monetary Fund. At 27%, unemployment is at its highest rate since 2003. In the last quarter, all sectors of the economy – with the […]

Five money-saving tax tips for small businesses

The 2017 tax season opened for individuals in South Africa on July 1st. Taxpayers need to start gathering all the supporting documents needed to submit tax returns accurately and on time. If you own a small business, nearly any purchase that helps generate income is tax deductible. While you need to be careful to ensure […]

Questions you should be asking your accountant

Many business owners rely on advice from friends or family and avoid using the services of a professional accountant whenever possible. This can be a costly mistake that entrepreneurs make all too often – make sure you’re not one of them! Your accountant can tip you off to potentially irreversible financial missteps and tax savings […]

Choosing the right accounting software for your business

The right accounting software can provide the backbone for establishing your business’s systems and processes which has a major influence on how efficiently your business operates. In recent years, we’ve observed a growing shift in the South African accounting software landscape from desktop based accounting software to cloud based software. The cloud platform, which makes […]

6 tips to improve your cash flow

We’ve all heard the sayings that in the world of business, ‘cash is king’ or ‘revenue is vanity, profit is sanity and cash is reality’. As a business owner cash flow is one of your top priorities and, if not managed properly, has the potential to cause you a lot of stress and sleepless nights. […]