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Getting Ready for a Financial Audit

Getting Ready for a Financial Audit

Financial audits are a necessary and compulsory practice for most businesses to ensure that their financial records are up to date and are compliant with standard accounting practices. Although it may seem an invasive process, financial audits can actually protect...

Everything You Need for a Successful Tax Day

Everything You Need for a Successful Tax Day

Tax season is here again and if you happened to miss the tax deadline submission on the 29th January 2021, then you might be relieved to hear that the deadline for provisional taxpayers has been extended by SARS to the 15th of February due to the effects of the...

Payroll →Tax & Deductions

Payroll →Tax & Deductions

From a South African employer’s perspective, let’s discuss the legally permissible deductions that can be made from an employee’s salary, in addition to PAYE (Pay As You Earn)…. Tax Deductions: Employers are required to deduct tax from an employee's salary to pay the...

Prioritising To Become More Task Efficient

Prioritising To Become More Task Efficient

Streamlining Processes Accounting firms assess existing workflows and identify areas for improvement. By streamlining accounting processes, they free up time for other critical tasks. Financial Stability Insights Proper accounting provides businesses with an accurate...

Payroll Series: Files/General Ledger

Payroll Series: Files/General Ledger

Payroll Ledger vs. General Ledger The Payroll Ledger specifically deals with employee payroll information. It tracks staff names, salaries, and payment schedules, whilst the General Ledger encompasses all financial transactions for the company, including payroll. It...

CEO Blog Series : Why Prioritise Invoicing?

CEO Blog Series : Why Prioritise Invoicing?

From a business owners perspective, prioritizing invoicing is crucial for several reasons: Efficient Cash Flow: Timely invoicing ensures that payments are received promptly. A steady cash flow is essential for covering expenses, investing, and sustaining business...

Payroll Blog Series: Timekeeping

Payroll Blog Series: Timekeeping

This year, we will explore the payroll process in depth. Every month, we will cover a different payroll function and explain its purpose and importance, and why keeping your payroll running smoothly, professionally, and efficiently is of vital importance to your...