We all know how frustrating it can be to wait for a VAT refund from SARS, which has a negative effect on cash flow within businesses.
You are entitled to a VAT refund (if applicable) within 21 business days of submitting the VAT return
VAT Refunds & What Can Be Done To Expedite The Refund Read More »
Communication is more than an exchange of information and for it to be effective, there are many elements that need to be considered.
Such as the following:
The Importance of Communication With Your Team & Clients Read More »
The statement of financial position which is also known as the balance sheet, is a financial statement that reports the assets, liabilities and equity of a company at a particular date.
The statement shows what a company owns (assets), how much it owes (liabilities), and the value that would be returned to the investors if the company was liquidated (equity).
The Statement of Financial Position: Assets Read More »
Equity represents the total value the owner of the business would receive should the owner liquidate all its assets and pay off all its debts.
A statement of changes in equity is one of the four basic financial statements an entity prepares. This statement explains the changes in the entity’s share capital, accumulated earnings, and other reserves during a financial reporting period.
Statement of Changes in Equity Read More »
In today’s uncertain environment accounts must be monitored and controlled closely. The movement of money in and out of your business is very important, as it ensures that you always have sufficient funds available to pay for expenses, both planned and unplanned.
The Importance of Debtors Control & The Impact on Cash Flow Read More »
A deceased estate comes into existence when a person dies and leaves behind assets such as property, investments or money in the bank.
If a person dies without a Last Will and Testament, his/her deceased estate (the assets she/he owned at time of death) will be distributed in terms of the Intestate Succession Act.
What is a Deceased Estate? Read More »
One document that often gets overlooked is one’s Will, but this is arguably one of the most important documents you will ever sign.
For this reason, it deserves your careful and regular attention, especially when one’s circumstances change.
Why You Should Have a Will & Update It Regularly Read More »
The trustees are responsible for managing and controlling the common property and ensuring that the conduct rules are adhered to at all times.
Trustees are also responsible for ensuring that the managing agents carry out the administrative functions correctly in accordance with the conduct rules.
Trustees & Managing Agents’ Responsibilities Read More »
As a businessman and entrepreneur, one needs to understand the importance of preparing annual financial statements.
Occasionally confusion exists about whether companies should produce audited, independently reviewed, or compiled financial statements.
That’s why it is important to learn how each financial statement can be classified.
The Importance of Preparing Financial Statements Read More »
It has become common for employers to require or permit employees to work from home & taxpayers who work from home can qualify to claim home office expenses if they meet specific requirements.
Deduction of Home Office Expenses Read More »
