businessfinancetips | HM Accounting

'Tis the Season for Sales: Strategies to Boost December Revenue for Your Product-Based Business

With the holiday season in full swing, consumer spending is at its peak. To make the most of this festive period, here are some effective st

Mastering Monthly Business Finance Goal Setting: A Blueprint for Success

Setting and achieving financial goals is the lifeline of any successful business. It provides direction, motivation, and a clear path to sus

How to reduce business expenses

Review all costs - suppliers, packaging, postage, software, every penny that goes out of the business ought to be reviewed and checked to...

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...

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...

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...

Helpful Overtime Calculation For Workers

Learning how to calculate overtime for salary employees is not too difficult. Firstly, it’s best to keep in mind that all hours worked in...

Control your Cash before it controls You!

The biggest threat to growing businesses is cash management. It's not glamorous or exciting, but keeping control of your cash is...

Business Basics: Accounting Systems

Many small businesses do the basic administration on a day to day basis - raise the invoices, pay the bills - but the rest of the...

Business Basics: The Private Company

In this post, we take you through the most important elements of setting up as a private company (Pty) Ltd in South Africa. What is a...

Business Set Up - The Sole Proprietor

The golden oldie of business set-ups. In this post, we take you through the most important elements of setting up as a sole proprietor in...