Secrets of Best Accounting Practices for Small Business Hire a Bookkeeper The need for an accountant or bookkeeper grows as your business finances get more complicated. Bookkeepers and accountants perform similar tasks but have a different set of skills. Accountants provide consultation and analysis and are qualified to provide advice on your taxes. These financial advisors can help you withContinue reading “Best Accounting Tips for your Business”
Tag Archives: #budget
Happy New Tax Year 🎉
What does a new tax year mean? Well, it can mean multiple things. 1. Are you an employer and responsible for employees tax deductions as a results of PAYE, UIF, SDL and other taxes?– February is the end of individual tax year. The ITR12 tax periods range from March to February the following year. ThisContinue reading “Happy New Tax Year 🎉”
Small Daily Actions that helps increase your productivity
I wanted to take a break from sharing finance content today and rather share a bit of what helps me to be productive. I gather the tips may help other business owners/ even professionals too. 1. Don’t Make It Too Complicated Making money is not complicated.Almost anyone can do it. Sadly, so many people makeContinue reading “Small Daily Actions that helps increase your productivity”
Steps on how to Organize Your Business Finances
Starting your own business is overwhelming to say the least. There’s always something new to learn and a mile-long to-do list that you’ll probably never finish. Even though it can feel really intimidating, ignoring your business finances isn’t an option. If you want to avoid getting in trouble with the tax institutions / government, andContinue reading “Steps on how to Organize Your Business Finances”
Benefits of Bookkeeping for Small Business Owners
1. Improved Financial ManagementBookkeeping can help you improve your financial management!When you track your financial transactions, you’ll be able to create accurate financial statements. That means you’ll finally have a good handle on your income, expenses, and cash flow. With bookkeeping, you can finally gain control over your finances and make informed decisions that will leadContinue reading “Benefits of Bookkeeping for Small Business Owners”
Dear Business Owner – Happy New year 🎊 – Bookkeeping Processes
What is your plan to change or improve how you do things in your business as far as compliance is concerned? The mistake that many business owners make is only focusing on the yearly records but the truth is those are a build up from daily transactions to weekly, monthly, quarterly then yearly. I haveContinue reading “Dear Business Owner – Happy New year 🎊 – Bookkeeping Processes”
How To Do A Financial Health Check
1: Identify your financial goals You are more likely to succeed in accomplishing a goal if your goals are specific, measurable, attainable, relevant, and time-specific. This means determining WHY you want to accomplish a goal, WHAT specifically you are trying to accomplish, WHEN you want to accomplish it by and HOW you will accomplish it.Continue reading “How To Do A Financial Health Check”
INDIVIDUAL INCOME TAX & SARS E-FILING MASTERCLASS
WHAT IS INCOME TAX We just had a masterclass webinar on Individual Income Tax Returns hosted by our sister company Bookkeeping Academy – http://www.bookkeekingacademy.org Income tax – is a tax governments impose on the income thatbusinesses and individuals generate PAYE– Individual income tax is deducted on the employee salaries by the employerand pay the fundsContinue reading “INDIVIDUAL INCOME TAX &
SARS E-FILING MASTERCLASS”
The Process of Accounts Receivable
In the pursuit of operating our businesses we also build relationships that are professional and beneficial to our entities. This includes having to offer your goods or services on credit to your customers / clients. In a form of the “Get it now and pay later” system. Bear in mind that this is the incomeContinue reading “The Process of Accounts Receivable”
Full Cycle Accounts Payable Defined
Accounting is one of the important parts of any business so is accounts payable. It is one of the critical components of accounting. A proper accounting payable process service ensures a healthy financial position of the organization and provides a better environment for growth. Proper accounts payable helps build a better reputation for the organization. The full cycleContinue reading “Full Cycle Accounts Payable Defined”
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