bookkeeper and accountant

It’s vital to have the right bookkeeper and accountant by your side

In my field, it is disconcerting how many business owners I meet on a daily basis that don’t have the right bookkeeper or accountant in place, and are now paying the price. And I...
Savings month

Savings Month: What business owners can do

This year’s commemoration of Savings Month finds entrepreneurs in a difficult position. Small business owners continue to bear the brunt of intermittent lockdown, reduced economic activity and an already stagnant economy. “It is those businesses...
Employment Tax Incentive (ETI)

What you need to know: the latest Employment Tax Incentive (ETI) claims

The most recent iteration of the Disaster Management Tax Relief Bills made substantial changes to the calculations and requirements for the Employment Tax Incentive (ETI) relief offered to employers. Tax relief were first published in...
Digital CFO

Outsourcing to the experts

In the starting phases of your business, it is important to focus on developing your roadmap and building a solid foundation for your new venture. You had that great idea, you’ve done the research,...
Late payments

The sorry state of late payments: Tips to speed up cash collection

Recent Xero research of over 500 SMEs found that cash flow and late payments were the number one concerns for SMEs. The report, titled “The State of Late Payments in South Africa,” also found...
money mistakes

5 Money mistakes you’ll regret

The accumulation of many 'small' bad financial decisions can bring a small business to its knees. Here are 5 money mistakes you'll regret in future. A crucial contributor to business success is accurate forecasting. Businesses...
business owner salary

The business owner’s salary and the business life cycle

Understanding the link between a business owner's salary structure and the business' life cycle. An unemployment rate of 29.1% (according to Stats SA) means that approximately one in three people that have actively searched for...

The Cash Flow statement understood

While not all small business owners fully understand the Income Statement and Balance Sheet, most recognise them and have a broad idea of what they are and how to use them. However, the Cash...
financial terms

Financial terms you simply must know and understand

Not every entrepreneur is a financial guru, and many financial duties can be delegated to the right employee or be outsourced. But here's the thing though: As a business owner there are certain financial...

Getting to grips with small business financing

If you are needing to raise finance for your business, it is best to start by getting to grips with the financing landscape. Whether you need money to buy stock or equipment, require working...
Managing your cash flow

Tips for managing your cash flow

Managing your cash flow and forecasting not only helps you stay on top of things and stay in business, but it is also a vital part of business strategy. It should be your number...
saving for retirement

Self-Employed? Here’s how you can save for your retirement

If you’re an entrepreneur, you know the constant pressure of sourcing leads, chasing debtors and making a profit. But there’s one thing that often gets neglected - saving for retirement.  “The most common mistake entrepreneurs...
cut business expenses

Maximise savings with cost cutting measures

As a small business owner, you understand the importance of drumming up new sales and growing your company.  But as the adage goes, ‘a penny saved is a penny earned’. Thus, one of the ways to...

Does your SME owe SARS money? Know your options…

Many entrepreneurs and business owners live in fear of the South African Revenue Services (SARS). In most cases, this fear is compounded by lack of knowledge and failure to understand what is required. Yet...
Fintech plug the lending gap for SME Finance

Fintech alternative lenders plug the massive SME lending gap

With more than 2.5 million small and medium sized enterprises (SMEs) in South Africa, you'd imagine that getting funding for these businesses would be simple. However, accessing funding remains the largest challenge faced by...