Can your small business afford a professional to do the books?
Starting a business is an exciting prospect, after all, we know that being your own boss is the best. However, once the dust settles, you may find yourself up to your ears in paperwork, working all hours of the night, trying to turn your business from good to great.
Is the burden of Annual Financial Statements compliance overwhelming?
Contrary to popular belief, the compilation of Annual Financial Statements (AFS) of small businesses is not only necessary for a company’s tax compliance needs, but also a requirement of the Companies Act, 2008 and Close Corporation Act, 1984 of South Africa. The Companies Act and Close Corporations Act compel companies and Close Corporations (CCs) to prepare Annual Financial Statements (AFS) within six months after the end of its financial year. The Companies and Intellectual Property Commission (CIPC) recently won a High Court order permitting them to penalise (10% of the entity’s annual revenue) companies that fail to prepare AFS within the prescribed period. Three companies have already been slapped with this penalty with another 20 under investigation.
Cloud Accounting Software - Reasons why you need a Professional Accountant
Why do business owners still need Professional Accountants in the Era of Cloud Based Accounting Software?
Accounting and Bookkeeping Tips for Small Businesses
We share a few tips on tax management, accounting services and bookkeeping for small business owners to help you avoid pitfalls and manage your business finances appropriately.
Are you using your accountant as you ought to?
Most businesses are not employing the full potential of their accountant. Find out how to improve your business experience by dealing with a professional accountant in the right way.