Why business admin is like eating an elephant
Small business owners know that the accounting or business admin side of their business is a massive challenge. If left unchecked, it can lead to a mountain of slips and invoices lying all over the place. They run for the hills and only do it when they are forced to or really have to. Even […]
VAT registration: How and when to cancel it
Why cancel your VAT registration? A vendor’s VAT registration may be cancelled if certain requirements are met. Who can cancel a VAT? The cancellation of VAT registration can be initiated by either the vendor (individual, company or any juristic person) or the Commissioner (SARS). Most commonly, it is done by the vendor though. When can […]
Technology: Do I really need that computer stuff?
Some business owners will avoid changes, especially in technology, in order to stick to the old ways of doing things. These ways might well be good and have probably worked for most of the businesses life. However, avoiding changes could be dangerous for your business as today’s business environment is more competitive than ever before, […]
Sales cycle: the first step to an effective business
Just as the year is broken into seasons or cycles, the accounting side of your business is also broken into cycles. The first cycle is known as the sales cycle. This cycle is something that is often pretty obvious to most people. However, but many business owners do not complete the cycle, often failing to […]
Time wasters: Are you victim?
Your time is worth something. Believe it or not, your time has a value to it. BEWARE THE TIME WASTERS! The concern for you is this: Do you waste it? Are you a time waster? Some people more than others have a third hand – their phone. You cannot constantly be “too busy”? Do you […]
The 4 types of clients all accountants face (I hope you’re not a No. 4)
Everyone has an opinion or attitude towards everything in life. Whether it is outspoken or kept to yourself, you have them. Some attitudes are more subtle than others. This is generally where the attitudes towards accountants come into play. These attitudes are often swayed by public opinion or perceptions. These can be changed in your […]
What are fixed assets in your business?
What are fixed assets? Fixed assets are also called non-current assets or even capital purchases. These are items in your business that will generate income for a period longer than one year. They are all the “big things” in your company that you use to make or sell your service or products. Examples of fixed […]
Business is like a car
Business and Cars We drive around in various shapes, sizes, makes, models of transport. Some big and some small. Some owned and some not owned. We even pay other people to drive us home or to wherever we want to go. So, what has this got to do with business? Well, the answer is that […]
Source Documents – what are they?
Source documents are those pieces of paper that pile up on your desk, in your wallet and possibly in your car. They cause you to stress when your accountant calls or at tax time. Although they can cause you a little inconvenience, they are critical to building your business. This is the information you will […]
The BCEA: Types of Leave
BCAS is NOT a labour specialist. This article is just a GUIDE. Please contact a specialist for help on this. We cannot help you with labour law concerns Read about some common accounting mistakes here. The Basic Conditions of Employment Act (BCEA) provides a basic guideline on BCEA regulations relating to: Working times: including shift […]