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”
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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”
Financial Terms that every business owner should know and understand
As a business owner there are a few financial terms you need to know in order to understand your finances.I am going to break them down and explain them in plain English. Because jargon is no fun at all, and really, they aren’t difficult to understand. 1. Gross Income Gross income is the amount ofContinue reading “Financial Terms that every business owner should know and understand”
The benefits of outsourcing Bookkeeping and Accounting functions in your business.
1. Cost Savings– To succeed in business, accurate and timely financial records are vital. They can help you determine if the business is making money or losing it. Your financial records indicate if your business is financially sound or if adjustments need to be made. Outsourcing your bookkeeping can improve both the accuracy of yourContinue reading “The benefits of outsourcing Bookkeeping and Accounting functions in your business.”
EMPLOYER PAYROLL GUIDE
The main objective of a dedicated Payroll function in any organization is the satisfaction of people getting their paychecks on time, with the correct calculations. What is the function of a payroll department? Payroll professionals manage employees’ financial data and are typically responsible for processing paychecks and other payments, keeping time records, and handling anyContinue reading “EMPLOYER PAYROLL GUIDE”
How to account for your taxes as a small business
Business tax returns can be complicated, and they vary based on the business structure. Running a small business often requires you to perform a wide variety of tasks you might not have to perform at a large business, one of which is filing small-business taxes. A business is a Provisional Tax payer thus income taxesContinue reading “How to account for your taxes as a small business”
PAYROLL TECHNICALITIES FROM AN EMPLOYER AND EMPLOYEE PERSPECTIVE
I am writing this blog at the right time where many employers are already in the middle of preparing their monthly payroll run. The objective of the blog is to breakdown the distinctive features of payroll from an employer and employee perspective. 1. EMPLOYEE – as an employee you do not worry much about theContinue reading “PAYROLL TECHNICALITIES FROM AN EMPLOYER AND EMPLOYEE PERSPECTIVE”
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