The term has however managed to intimidate and confuse many small business owners. Astoundingly, these successful initiatives are often driven by HOW UNDERSTANDING YOUR COMPANY’S PI SCORE COULD SAVE YOU MONEYĬalculating a company’s Public Interest Score (PI score) should be a two-minute exercise for any SME company. The colourful SME landscape in South Africa is characterised by many thriving entrepreneurial enterprises.
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Especially – when the balance sits on the wrong side of the trial balance. Shareholders and directors need to familiarise themselves with the implications of having a director’s loan account in their companies. DEAR DIRECTOR: HOW’S YOUR LOAN ACCOUNT LOOKING? The true value of an outsourced accounting team is a way under-rated and an untapped resource for many small business owners. We’ve wrote about it in the past and we still hope more business owners take the time to weigh their options. Whether to use an in-house or outsourced accounting team is an age-old debate. THE STORY OF HOW HOW THE BENEFITS OF OUTSOURCED ACCOUNTING OUTWEIGH THE REST In this blog post, we run through the highlights to avoid stepping into a nasty tax snag. This was introduced in section 7C of the Income Tax Act. Some of the changes included amendments to legislation relating to trusts and donations tax. Over the last year, the National Treasury has been keeping busy. So in our final post for the year, we offer TRUSTS AND DONATIONS TAX: DON’T GET TANGLED UP IN THE SNAGS Don’t stress – we get that everyone’s operating in survival mode to make it through the last stretch of 2018. We know it’s been a long year, but there’s one last item you need to add to your company’s new year’s resolution list: Business collaborations. If you are a client of The Beancounter and need any additional support, please contact your account manager who will assist at NAILING PROVISIONAL TAXĪll companies with a February year-end need to submit their second provisional tax returns at the end of this month… BUSINESS COLLABORATIONS AT THE TOP OF YOUR LIST
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This template was created by The Beancounter for all small businesses to use free of charge. We’ve put together a simple cash flow monitoring tool to stay on top of your cash position. In a bid to help local companies adjust to this new reality, and be fit for purpose post-Covid-19, The Beancounter CASH FLOW TEMPLATE Companies and small businesses in South Africa and around the world have been forced to adapt to the ever-changing operating environment around Covid-19, and restrictions in place to slow down the spread of the virus.
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