Budget: time waster or time saver?
“Budget” is a common word that surfaces about three times a year. It is the first “tool” many people turn to when: They are starting a new project or business They need to cut back on their spending (“tighten your belt”) In my opinion, budgets are, aside from social media, one of life’s greatest time-wasters. […]
Accounting and bookkeeping: what’s the difference?
When most people think about bookkeeping and accounting, they would be hard-pressed to describe the differences between each process. In this article, the functional differences between accounting and bookkeeping are explained, as well as the differences between the roles of bookkeepers and accountants. While bookkeeping and accounting share common goals, they each make up a different stage […]
Barter – Can We Still Use It?
Is there more than one form of payment? When you provide a service or goods to another person or entity ie: sell something to someone to make money, we assume that you would get paid in some form of currency. The amount exchanged would equal the amount agreed by both parties. This is a perfectly […]
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, […]
Personal Tax. What, who and when?
Apparently, there only two certainties in life – death and taxes. Taxes. Death is something outside our scope but tax (and personal tax in particular) is one of our main focus areas at BC Accounting Services.
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 […]
An online Accounting system? Yes/No?
I get asked more often than I would like to accept, “do I need an online accounting system?” the answer is no you don’t. All I have to say to this is, find me a successful business that does not have one. My answer to this is, Yes, you do. This leads onto the next […]
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 […]
The BCEA: Notice periods, Administration and Victimisation
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 […]