An interesting Xero Add-On I stumbled upon this really cool Xero add-on while assisting a client that I thought I should share with you. Fergus is a really cool invoicing add-on. It seems like the all in one package most businesses are in need of. Check out this...
Retirement Annuity Retirement Annuities commonly referred to as RA’s are an investment vehicle designed to save for (as the name says) retirement. They are an alternative to pension funds however it is possible to have both. Positives: Contributions are tax deductible Forces you to save for retirement Legislated...
This is an investment vehicle established by a company to assist it’s employees in saving for retirement. Positives: Contributions are tax deductible. First R500 000 withdrawn is tax-free (at retirement). Power of compound interest to grow money for retirement. Negatives: Only have access to 1/3 as a...
5 points on Bitcoin Bitcoin is quickly becoming an online version of gold – a store of value. Bitcoin has gained 550% in 2017 – Warren Buffet thinks it’s a bubble waiting to pop. A futures market for Bitcoin is coming – the gold derivatives...
Do I need an audit? The new Companies Act of 2008 reduces the onus for most small and medium sized businesses to have their financial statements audited on an annual basis. An audit is conducted by a registered auditor who expresses an opinion or gives assurance that...
Small Business Funding Options Equity Funding INVESTORS Advantages: Opportunity to raise larger amounts of money compared to alternative options No collateral Many investors can become mentors due to their experience No monetary repayments Flexible business arrangements (in most cases) Disadvantages: Lose some control of business due to new shareholders ...
Tax increases on the cards? With South Africa’s tax revenue collection missing targets for the 2017 year of assessment, the government will look to new sources of income to reign in the current budget deficit. Taxpayers and the general public at large have heard rumours of,...
Kaspersky Lab recently launched a report on dating apps and here are the results: ...
Leveraging your admin to help you succeed The words Accounting and Tax do not get many of us excited. They are usually painful afterthoughts that distract us from running our business. If done correctly, they can be used as a vital tool in your arsenal for...
5 Credit Rating Myths To start off I believe it’s important to explain as simply as possible how a credit rating or score is formed. Credit rating goes up or down depending on how you handle your credit (or loan). If you pay your loan payments timeously...