On the 1st of September, the two-pot retirement system was implemented in South Africa by the National Treasury.
The main aim for the implementation of the two-pot system is to allow citizens of the republic partial withdrawal from their retirement fund for any emergencies that may occur, while still preserving a portion of the fund for life after retirement.
Tax Implications of Two Pot System Read More »
The financial year end of a company (also known as Fiscal Year End or FYE) is undoubtedly the busiest period of a business’s year.
Essentially, it is the wrapping up of the company’s accounts for the business year. This assists all key stakeholders assess the company’s profits, losses and overall financial performance for the year that was.
Preparing your business for Fiscal Year End Read More »
Proper planning of cash flow should be done to ensure that earlier release of monthly expense obligations or preloaded payments will be authorised before the office shutdown period, given that most administrative staff members will be on leave at month end in December. It is never pleasant to start the new year with overdue and unpaid accounts.
Handling your Debtors and Creditors in December Read More »
Accounting software is most certainly a vital tool for proficient, precise, and effective Financial Management. Sage Accounting Software is widely recognised, of the many options available, for its accurate and comprehensive Financial Management Solutions. Sage is popular choice which meets the demands of both small startups and larges businesses.
SAGE Accounting Software Read More »
Approval for International Transfers (AIT) system on efiling to replace the old Foreign Investment Allowance (FIA) system.
The change came out of the blue for taxpayers and tax practitioners as it is aimed to enforce compliance on taxpayers who are non-compliant.
Approval for International Transfers (AIT) – The New Process Read More »
Beneficial Ownership transparency is essential in preventing and detecting financial crimes. Anonymity enables many illegal activities to take place hidden from law enforcement authorities, such as tax evasion, fraud, corruption, money laundering, financing terrorism, to mention a few.
What is Beneficial Ownership & Why is it Important? Read More »
Having a financial advisor means you have easy access to tips on how to manage your money smoothly thus reducing your financial related stress and unwanted threats.
View some of the multitude of benefits of working with a financial advisor.
Benefits of Financial Advisors Read More »
A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving the business.
The cash statement is broken down into three sections namely, cash flow from operating activities, cash flow from investing activities and cash flow from financing activities.
There are two methods of calculating the cash flow, the direct and indirect method.
Statement of Cash Flows Read More »
