Knowledge Is Power – If You Can Find It
The real threat to your business is old habits. In July 2025, a mid-sized South African business lost one of its most experienced employees. The impact was catastrophic. This was not because of his seniority, but because he was the only one who knew how everything worked. Systems, processes, and compliance routines were all inside […]
Time Is, Indeed, Money!
How to make time work for your money. It’s often said that time is money, and when it comes to your finances, that’s absolutely true. The principle of the time value of money is simple: money available today is worth more than the same amount in the future, because it has the potential to earn […]
Is Your Business Paying the Price for Not Investing in the Right Technology?
Financial operations form the backbone of every organisation, but when the technology that supports them is outdated, the ripple effect can be damaging. Slow systems increase turnaround times, manual errors create compliance risks, and poor integration can lead to inconsistent reporting. The cost of “making do” with old systems is often invisible until it shows […]
What Does Being a Trustee of a Body Corporate Entail? (Part 1)
When all the trustees of a body corporate resign, the options available to the owners include the appointment of: replacement trustees at a special general meeting. an executive managing agent at a special general meeting or approaching the Community Schemes Ombud service to do so. appointment of an administrator by way of an application to […]
Declaring Too Much Income to SARS?
It sounds crazy, but it happens more often than one would think… Many a taxpayer has experienced the wrath of SARS when failing to declare all of their income. The penalties for non-declaration of income are severe—up to 200% of the tax evaded as a consequence of not declaring an amount that is taxable. But […]
Tax Planning Strategies for Small Business Owners
As a small business owner in South Africa, managing your tax responsibilities effectively is key to maintaining financial health. By adopting smart tax planning strategies, you can reduce your tax burden and keep your business running smoothly. Here are some practical strategies to consider: Utilise Allowable Deductions One of the simplest ways to reduce your […]
How to Register Your Business in South Africa: A Step-by-Step Guide
Registering a business in South Africa is essential to ensure your company operates legally and complies with local regulations. The process can be straightforward if you follow the proper steps. Here’s a guide to help you through the registration process. Step 1: Choose Your Business Structure The first decision you’ll need to make is the […]
Common Tactics Fraudsters Use in Insurance
Insurance fraud costs the global economy billions annually, and South Africa has not been immune to this issue. In fact, in 2024 alone, South Africa’s insurance industry lost an estimated R8 billion due to fraudulent claims, according to the South African Insurance Crime Bureau (SAICB). Understanding the red flags associated with insurance fraud, and staying […]
20% of Nothing Is Still Nothing
Despite repeated warnings, Ponzi schemes continue to trap the unwary. Just pause to consider the following headline run in the venerable Financial Times in November 2020: “Investors lose £657 million to fraud.” That’s just in the 12 months to September 2020, up 28% from the year before. Even before the full impact of COVID-19 was […]
Get Paid on Time: Five Tips for Business Owners
Small businesses can master the skill of getting paid on time—here’s how. For small and medium businesses, getting paid on time is one of the biggest administration headaches. After all, when customers don’t pay on time, cash flow takes a knock and you need to borrow money to pay suppliers and service providers. Let’s not […]