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Financial management – how much is enough?
In the last blog, we looked at the operating costs of the business. We understood that these are the fixed costs of running the business that needs to be covered every month by the sales. [...]
The 9 Hats of an Entrepreneur – Parent
Any business owner who has children will know the challenges that arise. To be honest, working from my home office, even though it is separate it still presents huge issues when the kids are home [...]
Pay AS You Earn (PAYE)
Pay As You Earn (PAYE) is employees tax that all income earners are by law supposed to pay. The South African Revenue Service (SARS) has a threshold income for PAYE which is reviewed every tax year. According to law, an [...]
Part2: Bitcoin- the tax effect
We continue our discussion concerning the digital financial revolution headlined by emergence of Bitcoin as a medium of exchange. Today we look at the tax implications of trading with and in Bitcoin, and buying or [...]
Financial management – The cost of running the business
In this series on the elements of your financial statements we’ve looked at the income, cost of sales and gross profit, all parts of the selling aspect of your business. Today, we’re going to look [...]
The 9 Hats of an Entrepreneur – Spouse
When I wear my husband hat and then work in my business, I have a huge responsibility to my wife. Having the Spouse hat requires us to communicate openly to our other halves as if [...]
The importance of good bookkeeping
As we begin a new tax year and new financial year for some here is a look at what good bookkeeping is and why it is important. Some have made mistakes in the past which [...]
Financial Management – Gross profit, the big brother of Net Profit
Profit is a fond topic for most business owners, but do you know the difference between gross profit and net profit? Gross profit is the net result of your sales and your cost of sales, in [...]