The BCEA: Payment
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 […]
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 […]
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 […]
Do you stand on correct Accounting Principles?
Accounting principles versus absolutes I don’t like absolutes. Absolutes are it when people make statements that are said with authority and are generally taken as gospel truth. These statements are often incorrect anyway, eg: ALL businesses should be on TikTok. REALLY? Why? Is there data to confirm this? NO! With technology and everything in everyday […]
Accountant – friend or foe?
An Accountant does what? The burning question that gets asked frequently is this: “What do accountants actually do”? The answer can be as simple and as complex as the accountant wants it to be. I do not like answers to questions to be complex. This is because 9 times out of 10, it just confuses […]
4 ways you are throwing your money away
Paying bank fees Bank fees are inevitable but why are you throwing money away here? These are charges that slip away from us and the money you spend may be more than you have to pay. If you don’t like the rates you receive – find another bank that suits your pocket. Gone are the […]
Does tech trump ‘old school’ accounting?
Technology is taking the world by storm. Some might say that it is taking over. We can debate that for a fairly long time with little or no winner. In terms of accounting, tax and payroll, the technological advancements have been extreme. But does tech trump “old school” accounting? How tech has changed accounting Accounting: […]
Counting the cost.
Service is “too expensive” The focus of most business owners is the cost of any item or service. There are always ways to cut costs in a business but often the business cuts the wrong costs. The essential services are first to either get cut or not to pay for a service. Countries across the […]
The Company Car
The company car is often an employee’s favourite perk In reality, it is an accountant’s little ticking time bomb A company car is a great perk but the tax that is levied on this perk, is not as simple as many of these employees might think. Travel expense claims and deductions are one of the […]