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How to finalise your financials after year-end

How to finalise your financials after year-end

The financial year-end has come and gone—now what? Many business owners breathe a sigh of relief once the fiscal year wraps up, but finalising your financials is where the real magic happens. Properly closing off your accounts ensures compliance, gives you valuable...

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Understanding your Business Cash Flow

April is Financial Literacy Month, so let's focus on understanding the lifeblood of your business: cash flow. Cash flow is the money coming into (income) and going out of (expenses) your business in a specific period. Think of it as your business bank account's...

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Sole Prop vs Pty, what should I trade as?

When setting up a new business, entrepreneurs always ask, “What should I trade as?” Today, I’m breaking Sole Prop vs PTY (from a tax and earnings point of view). Let's consider an example of a business in South Africa, ABC Consulting, operated by an entrepreneur named...

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Common Tax Mistakes Business Owners Make

Everyone makes mistakes; it's all part of the entrepreneurial process, but we’re here to ensure you don't make the same mistakes in the next tax season... Here are the most common mistakes we see business owners make regarding tax and how to avoid them. 1. MIXING...

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