Most business owners receive an income statement every month. Most file it away within 30 seconds of opening it. That’s understandable. Nobody ever explained what it actually means. But the income statement is the document that answers the most important question in your business — and it’s not a complicated
Most business owners have one. A client that pays on time, never complains, takes up a big chunk of monthly revenue, and has been there so long they feel permanent. Until the day they send the email. It happens more often than people expect — and the businesses that survive
Most business owners take money out of their company account when they need it. A bit in January. A bit more in March. School fees paid straight from the business in April. Nobody writes any of it down — it feels too small to bother with, and there’s always a
Most business owners know they’re supposed to care about profit. What fewer of them know is that there are two very different numbers that both get called “profit” — and confusing them is one of the most common reasons a business owner thinks they’re doing well when they’re actually not.
Most business owners have heard the term. Many have been asked for one. Very few know exactly what it is, how to get it, or why it sometimes comes back blocked at the worst possible moment. Here’s everything you actually need to know. What SARS Actually Says First, a
The word ‘audit’ stops most business owners cold. It shouldn’t — but it will, until someone explains what an audit actually is. A SARS audit is not a criminal investigation. It’s not a sign that you’ve done something wrong. It’s SARS asking you to show your working. For most businesses
Most business owners are leaving money on the table with their travel claims. And they don’t know it. Either they’re claiming too much without the records to back it up — or too little because they’re not sure what’s actually allowed. Both approaches cost you money. One through penalties. The
If your business can’t function without you for two weeks — you don’t own a business. You own a job. That’s not an insult. It’s where most small businesses start. And for a lot of owners, it’s where they stay — not by choice, but because nobody told them it
Your bank balance can look perfectly healthy while your business is quietly falling apart. A balance sheet is the document that tells you the truth. Most business owners receive one every month or every year. They glance at it, nod, and file it away. Nobody ever explained what it actually
Yes. You can. And SARS is more willing to work with you than most business owners realise. The problem isn’t the arrangement. The problem is that most people only ask for one when they’ve already run out of options. What SARS Actually Allows SARS has a formal process for
