Cash Flow: 7 No-Brainers for Improving It
Cash flow The lack of cash in a business is not an external issue, but an internal one. If you want to change this problem, you have to be serious about your business financial health and make the tough decisions. Once this one decision is made – you will never look back or regret making the […]
Xero vs QuickBooks South Africa: Which Accounting Software Fits Your Business?
When South African business owners compare accounting software, two names consistently rise to the top: Xero and QuickBooks. This article explores the key differences between Xero vs QuickBooks in South Africa, helping you choose the right fit for your business based on features, functionality, and local relevance At BC Accounting, we believe software should serve […]
It is the process that counts
As with everything in life, the accounting (and tax and especially payroll) side of you business is merely a process to be followed. It’s certainly not a once-off job or something you can do while you are watching TV or doing the dishes. Your business has a process(es) You have them without knowing it. This […]
Urgent accounting – Fact or Myth?
What is urgent? In a society that is instant we have everything at our finger tips. This can be amazing because you know you can sort it out quickly. There are, however, some parts of life and business that don’t contain emergency situations. Accounting, tax and payroll are a good example. There may be some […]
The Basics of VAT
What is VAT? Value Added Tax (VAT) is an indirect tax on the consumption of goods and services in the economy. Revenue is raised by the government by requiring certain businesses to register and to charge VAT on the taxable supplies of goods and services. That might seem a little complicated but the basics of […]
Cash is KING!
CASH is KING! You may have heard that “Cash is King” and it has never been more apt than now. What does it mean? It is simple – if you have cash (or money in the bank), you are king. the more the better. Everyone should be aiming at living debt-free. Not owing anybody anything […]
starting a business: 6 essential tips
What are some great tips to new business owners? Here are just 5: While I say new business, the same tips can be applied to any business. This is more specific to service companies but can be applied to manufacturing concerns too. Niche down: Finding a niche is always a tricky part of business whether […]
Tax evasion and Tax avoidance
Tax evasion and Tax avoidance – the basics Nobody likes paying tax but it is one of those things that everyone will pay in one form or another. Unfortunately, there will always be those individuals that will do anything to NOT pay tax. Personally, I don’t understand why they do this but it happens. It […]
Business complacency: the business killer!
Business complacency is more common than you would think. COVID-19 and the rapid change of the world put that into the spotlight. Those who adapted, survived and those that didn’t either didn’t or came close to not surviving. For millions of years, humans have had to change in order to survive. Our ancestors had to […]
7 Accounting Myths – Busted!
So many times I am out at a restaurant, store, or outing and someone in my family or group of friends says “You’re the accountant, how much is this?” and wants me to calculate something in my head. I am going to let you all in on a little secret… I am not a mathematician, […]