Category: Accounting

95% of businesses that we support are now working on accounting software in the cloud. Sage Pastel claims to have 30,000 active companies on their platform, accounting for more than 50% of their monthly package sales. Business owners are raving about the benefits of this new online platform and if

As the great Jon Bon Jovi once sang in the hit Living on a Prayer: Woo-hoo we’re halfway there… July already – 6 months gone and the year is on the downhill to December. The economy is not showing any sign of improving, the rand hit a 13 year low

In this newsletter, I want to share something personal with you. Where we are, where we heading and what it will mean to you as one of our loyal clients. Around four years ago, I had a meeting with Steve Cohen (the MD of Sage Pastel). Steve had a vision

Welcome to our monthly newsletter. Not much is happening in the month of June other than the usual VAT and EMP returns. A date to remember is 1 July as it marks the start of the 2014 filing season for individuals. And to ensure you stay on the right side

Welcome back to a normal working routine! Holidays are over, South Africa has voted. April was not a productive month, not for small businesses and definitely not for the economy with certain economists projecting a daily loss of R1 billion rand to the South African economy for every public holiday

The end of February means the end of summer and the financial year end for most South African companies. A busy time for all of us. Minister Pravin Gordhan had his annual Budget Speech on Wednesday and while many economists, private corporations and politicians have welcomed certain aspects of Gordhan’s

Happy 2014! May this year be a successful and great one, both personally and for your business. As always, we are embarking on this new year planning to break new boundaries and exceed what we once thought was impossible. 2014 is our year for the customer, it will be our

I see it more and more often that invoices do not comply with the VAT act and therefore VAT can’t be claimed on these invoices. Should a vendor claim the VAT and SARS conducts an audit, the VAT claimed will be reversed and the vendor will be responsible for the

If you are a small business owner, you probably know by now that good accounting is one of the essential foundations that are needed in order to guarantee success. The truth is that most small business owners spend too much of their precious time on the admin aspect of their

When you are a small business, chances are that you manage it yourself and that the profit of the business is your main priority. Most small businesses are driven by entrepreneurs and there might have been a situation, once or twice, where you have wished you knew something a long