UIF: A 7 step guide to get your claim started
PLEASE NOTE: We are not the UIF department and do not handle UIF claims. Only individuals can do this. Please contact the UIF department directly. Here are some common accounting mistakes that may hold up your employees UIF claim
What is the skills development levy?
SDL, or skills development levy, is a levy imposed to encourage learning and development in South Africa. It is determined by an employer’s salary bill. These funds are to be used to develop and improve skills of employees. Who must pay SDL? SDL is due by employers who have been registered. You can register once for […]
Income statement: What is it?
The Income Statement The income statement is a vital report tat every business owner should use and understand. This short video explains it with an example to make it clearer. This will enhance your knowledge of what they are and how to use them. [jwplayer width=”550″ height=”500″ file=”https://vibrant-booth.197-189-226-226.plesk.page/wp-content/uploads/2018/05/The-income-statement-report.mp4″ image=””] What are they? An income statement […]
7 Business Lessons from 7 Years!
August 2022 marked the seventh birthday of BC Accounting Services, so to honour this, I have put together seven lessons, to mark one business lesson learned for each year. Business Lesson One: Just start. I had no idea what I was going to do when I was retrenched. I knew I was going to start […]
Are you making these mistakes?
Finance and accounting is a primary business function. There are common areas when a mistake is made. Accounting is an area that most businesses manage with the necessary care following the generally accepted accounting principles. The accountants or the person responsible can easily look over that mistake. A mistake may cost you! New Technology With the […]
Do your Annual Financial Statements look sexy?
Sexy? Consider the following scenario: Your business is running okay. Some months are not so good and some are better. You now wish to expand the operation and need some finance to do so. When you ask the accountants (or whomever is) to prepare them, the picture does not look good. This is often the […]
6 more ways you are throwing money away
“Let’s meet for coffee” Everybody loves meeting someone or many people for a drink. Possibly the most common is a cup of your favourite brew. This is a legitimate reason to do business and network with important connections, but it can get out of hand. These “business meetings” often become just a general, friendly chat […]
3 types of accountant? Really?
Surely, there is only one type of accountant? The answer to this question is No. There is a general idea that there is only one type of accountant and that they can all do everything. This could not be further from the truth. Just like any other industry, there are many types of accountant and […]
10 times you may need a specific accounting solution for your business
We all know different industries have different needs and are tailored to that industry. What about accounting solutions? There are accounting solutions that are tailored to particular industries. These industry-specific accounting solutions are designed to address the unique needs, regulations, and challenges faced by businesses in those sectors. Here are a few examples: 1. Retail: […]
Long Term Assets – The Basics.
What are long term assets? They are also called non-current assets or fixed assets. Fixed assets are the “big things” in your company that you use to make or sell your service or products. Technically they are items that will generate income for a period of longer than one year. Examples of fixed assets These […]