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  • Legal advice when making business investments
  • Legal advice when making business investments
    While small businesses will often have a great or innovative product, determination and a desire to succeed, there is commonly a need for start-up companies to seek external help. There are many important areas of business where a company will benefit from outside support and this is particularly true when it comes to legal issues. There are many areas where a small or emerging company requires le... ››› more
  • [03 November 2016]
  • Creditors' rights and how to get your money out of a company undergoing business rescue
  • Creditors' rights and how to get your money out of a company undergoing business rescue
    What should you do if your company, when performing the role of a creditor, needs to get the money back out of a client undergoing business rescue? In this case, we'll look at the fact that during business rescue proceedings, creditors' claims are ranked and paid in a certain order: Read on to find out... If the other company is your client, and it's going through business rescue, you'll... ››› more
  • [03 November 2016]
  • How do you value gifts-in-kind in your accounting records?
  • How do you value gifts-in-kind in your accounting records?
    In South Africa it's estimated that income generated through donations is in excess of R11 billion per annum. But many entities don't know how to treat this income in their accounting records. Robin, a member of the Accounting and Tax Club , asked a question about gifts-in-kind and the impact they have on his books. Let's see what he asked, and what Alan Lewis, Tax Advocate and independent tax ... ››› more
  • [27 October 2016]
  • How to see if your company is technically solvent or not
  • How to see if your company is technically solvent or not
    Do you know if your company solvent, or not? If your company is solvent, it means your assets are higher than your liabilities. You'll find the answer to this in the analysis of your financial statements. And the answer to this question can have profound implications on your business. Read on and I'll explain further... ********* Recommended Product *********   Calling all accountan... ››› more
  • [29 September 2016]
  • Three reasons why you need to analyse your financial statements
  • Three reasons why you need to analyse your financial statements
    You probably have an accountant who prepares your financial statements diligently every month. And what usually happens... you file them away, without so much as a second glance. I know you don't worry about preparing your financial statements because you have a competent team who you know and trust to do it.   But you really should be analysing your financial statements. Here's why… ... ››› more
  • [01 June 2016]
  • Why do I need financial statements if I have a small business?
  • Why do I need financial statements if I have a small business?
    'I have a small business which my wife and I started in 2014. We've got 1 employee and our turnover was R890 000 last year. We're not even VAT registered. So do I really need financial statements if it's a small business, and why? This is a question we received recently from one of our Accounting Handbook subcribers. And while I thought the answer was obvious… I was surprised to see that so ... ››› more
  • [13 May 2016]
  • How to analyse your financial statements and identify errors in 5 minutes
  • Admit it. Every time you have to analyse your financial statements, you get that sinking feeling. But, who can blame you, given the importance of such a task. If your trial balance has errors, your financial statements will also be incorrect. And you use your balance sheet to declare your taxes to SARS annually - so it must be correct. But going through your financials can take you hour... ››› more
  • [18 April 2016]
  • 3 Easy steps to improve your company's accounting management in 2016
  • Dear reader, The first quarter of the year is almost finished but you still have a chance to improve the way you run your company and do business. This includes your accounting management. After all, if you can't manage your finances properly, your company won't grow. Now's the time for you to make the changes you need to get your company to grow and succeed. To help you do this, I... ››› more
  • [07 March 2016]
  • The PAIA Compliance deadline is looming!
  • Time is running out to order your PAIA software and ensure compliance! 31 December 2015 marks the end of the exemption period for Private Bodies in terms of the PAIA section 51 manual. Ensure your compliance, as well as the compliance of your clients, by ordering the ProBeta PAIA manual software now. The software which runs on a Microsoft platform, helps you create PAIA compliant manuals quickl... ››› more
  • [27 November 2015]
  • Have you completed your PAIA manual?
  • One of the biggest issues I've received questions about lately is the 31 December deadline for compiling the PAIA information manual (Proatia Manual). Have you done yours? Recently, many of our readers have been asking about a big provision of the Promotion of Access to Information Act - that all public and private bodies must compile a PAIA Manual. So yes, that probably means your company. Thi... ››› more
  • [27 November 2015]
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