How to keep your business and personal finances separate - 3 simple tips
Running a business takes a lot of work, and financial stress or confusion can distract you from important day-to-day tasks. Keeping your bus
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- 5 min
How to Pay Yourself as a Business Owner
The whole point of starting a business is typically to create financial freedom and security for yourself and your family. But it’s easy to
- 4 min
Why Is It Important to Separate Your Business and Personal Finances?
When you run your own business, the line between what’s personal and what’s business-related can blur. Just consider the following scenarios
- 6 min
Control Your Small Business's Cash Flow by following these 5 steps
When you start a business, you don’t realize the one million things that it will require of you. You simply think, I charge money for my se
- 6 min
5 Steps to Saving for BIG Purchases in Your Business
One minute you were feeling like an all-star business owner, and the next — you’re looking around wondering where that money’s gonna come fr
- 6 min
Prioritising Profitablity - the key to Business Success
One of the most important goals to focus on in your business is how profitable your business is, rather than how much revenue it produces. A
- 5 min
The Ultimate Year-End Financial Checklist for Busy Small Business Owners
businesses that fail to plan, plan to fail. You can’t improve what you haven’t measured, and this checklist will help you measure all the
- 2 min
The Essential Supporting Documents to keep for Your Business
Running a successful business in South Africa requires meticulous record-keeping.
- 1 min
Not Knowing Your Numbers Could Be Costing You
As an accountant, I see a lot of business owners trying to grow their businesses without knowing their numbers. It’s just not going to...
- 3 min
SARS Tax Deadlines
Individual tax: 7 July 2023 The 2023 tax season opens 31 August 2023 The first provisional tax return for the 2024 tax year is due. 30...
- 3 min
Bookkeeping Tips for Sole Proprietors
1. Keep an accurate record of revenue and expenses You can draw up these records by way of a simple spreadsheet based on your invoices...
- 4 min
5 KPIs that every Small Business should measure.
While each company has its own set of key performance indicators (KPIs), there are some common KPIs that every small business should be...
- 1 min
What is a Profit and Loss Statement and why do I need it?
A profit & loss statement (P&L aka income statement) is a financial report that shows your total income, total expenses and net income...
- 1 min
5 ways to take your business seriously
Here are 4 ways to start taking your business seriously: 💸 Register your business. Protect yourself + your personal assets by getting...
- 1 min
Doing your own bookkeeping? Here's what you need to know
Trying to DIY your bookkeeping? You NEED these four things 👇🏻 ✓ A separate bank account... running expenses through your personal...
- 3 min
The list of essential and unnecessary start-up expenses - Part 2
Three unnecessary start-up expenses When you’re a new entrepreneur who’s being extra mindful of your bottom line, not all start-up costs...
- 5 min
The list of essential and unnecessary start-up expenses - Part 1
You’ve probably heard the old “you need to spend money to make money” cliché. But let’s face it: when you’re starting a business, the...
- 1 min
Basic VAT Do's and Don'ts
Here is a list of basic rules once you become a VAT vendor: · Find out which VAT cycle applies to your business and submit your VAT...
- 2 min
When to register Your Business for VAT? - VAT P1
What is VAT? VAT was introduced in South Africa in September 1991, replacing a pre-existing regime known as the General Sales Tax (GST)....
- 3 min
Late Payments
It’s the moment we dread – that big invoice we needed to be paid on time hasn’t been paid and now we are panicking as there are bills...
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