Business Essentials

The Essential Supporting Documents to keep for Your Business

Humairaa Moola

Oct 30
2 min

The Essential Supporting Documents to keep for Your Business

Running a successful business in South Africa requires meticulous record-keeping.

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Not Knowing Your Numbers Could Be Costing You

Humairaa Moola

Jun 7
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...

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Humairaa Moola

May 30
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...

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Humairaa Moola

Jan 18
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...

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5 KPIs that every Small Business should measure.

Humairaa Moola

Dec 7, 2022
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...

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What is a Profit and Loss Statement and why do I need it?

Humairaa Moola

Nov 30, 2022
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...

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Humairaa Moola

Nov 2, 2022
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...

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Doing your own bookkeeping? Here's what you need to know

Humairaa Moola

Oct 19, 2022
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...

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The list of essential and unnecessary start-up expenses - Part 2

Humairaa Moola

Sep 7, 2022
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...

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The list of essential and unnecessary start-up expenses - Part 1

Humairaa Moola

Aug 31, 2022
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...

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Humairaa Moola

Jul 20, 2022
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...

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When to register Your Business for VAT? - VAT P1

Humairaa Moola

Jul 6, 2022
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)....

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Humairaa Moola

Jun 29, 2022
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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Give your business a boost with the Employment Tax Incentive

Humairaa Moola

Jun 15, 2022
3 min

Give your business a boost with the Employment Tax Incentive

In this year’s State of the Nation Address (SONA), President Cyril Ramaphosa emphasised the role of government in helping businesses...

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Humairaa Moola

Jun 1, 2022
3 min

How to Create a Business Budget

Taking the time to create a comprehensive budget may seem like a lot of work, but it will help you to unlock the financial insights you...

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Approaches to Business Budgeting that align with your goals

Humairaa Moola

May 18, 2022
2 min

Approaches to Business Budgeting that align with your goals

For businesses, particularly small businesses, preparation, and budgeting go hand-in-hand. Whether you’re running your first marathon,...

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10 ways that our Accounting Services will Add Value to Your Small Business

Humairaa Moola

Apr 20, 2022
3 min

10 ways that our Accounting Services will Add Value to Your Small Business

Everyone wants an accountant’s help when tax season strikes. Few people, however, know the kind of value HM Accounting can add outside of...

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Pricing Correctly: A path to running a profitable business in 2022

Humairaa Moola

Apr 6, 2022
4 min

Pricing Correctly: A path to running a profitable business in 2022

We have seen considerable changes in customer behaviour as challenges such as the pandemic, the unrest in July, and rolling blackouts...

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Salary VS Drawings: How to pay yourself as a business owner

Humairaa Moola

Mar 30, 2022
3 min

Salary VS Drawings: How to pay yourself as a business owner

Making money was probably at the top of your goal list when you decided to start your business. However, most business owners struggle...

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Humairaa Moola

Mar 16, 2022
2 min

How Much Should You Pay Yourself?

As a business owner, you don’t want to take too much and drain your business. However, you also don’t want to take less than what you...

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