Working times and the BCEA
The Basic Conditions of Employment Act (BCEA) provides a basic guideline on BCEA regulations relating to: Working times: including shift work, weekend work, public holidays, overtime Payment: including payment in kind, deductions Leave: annual leave, sick leave, maternity leave, family responsibility leave, unpaid leave and absence without leave Deductions: including those required by law and […]
More time, Is it really available?
Who couldn’t do with a few more hours in the day? Do you feel like you have been busy but have not really achieved anything at the end of the day? Well, you don’t have to stop the sun in its path to do that. Here are a few tips to loosen and free up […]
Company (entity) structures used in SA
There are a lot of questions that can be asked when someone advises you to “open a company”. It is a great piece advice but depends on various factors. This depends what kind of entity you want to run and why. Sole Proprietor Characteristics Most common and the most simple Owned and operated by a […]
Change is not restricting
Technology of today Currently the technology is changing almost daily. Whether you like or not, you have to keep up. Standing still in the river (of technology) is actually going backwards. What about in the accounting world? Historically, things do change but extremely slowly. The basic principles of accounting have not changed and will never […]
Out-of-pocket – Claim them BACK!
DID YOU KNOW that you can claim back from SARS out-of-pocket medical expenses! What are you talking about? Surely they are not going to pay for these expenses? Anyway, what are these out-of-pocket medical expenses? This answer is simple. They are expenses that your medical aid did not cover. Maybe your savings ran out or […]
It’s all about tax efficiency.
What does tax efficiency mean? Tax efficiency is not a new concept and practice that helps you claim the allowances and deductions that SARS have put in place. A common deduction is the medical tax credit and ‘of our pocket’ medical expenses. Another is claiming ‘home office’ expenses when you work from home. This is […]
Reports: What’s the point?
Reports and gym? This may seem like a funny start to an article about business reports but the gym I go to is on the first floor of the building (second if you park in the basement). In any building if I can, I will take the stairs, to a reasonable floor that is. The […]
Good Cash Flows
Good cash flow keeps a business alive, poor cash flow can sink it. Poor cash flow is a big reason why 20% of businesses doesn’t make it past the first year, and why more than half don’t survive past the fifth. This post, will explain what cash flow is, take you through some of the […]
Cash in your business: How to (properly) report it in your business
Cash in my business? Still? For those who may have forgotten, cash is that paper and metal money that you used to pay for items with ;-). Surprisingly, Cash in your business is still a reality in many businesses. We assumed that debit cards/zapper/ SnapScan, etc. would come into the world and take over. It […]
Dreams are critical
Dreams and goals Famous words indeed. They have a decreasing impact as time goes on. These words can not only be used for countries but businesses and individuals alike. Sitting around a table on more than occasion, discussing the ins and outs of corporate life, I have said one thing that scares people. You have […]