As much as the ownership and management of a South African business comes with great reward, it also comes with a long list of duties and responsibilities. Too many business owners are unaware of these responsibilities.
“But if that’s my profit, why is my bank account so empty?” This is a question I encounter on a regular basis when a business owner looks at their Income Statement – especially at tax time! Your Income Statement has a lovely healthy profit but your bank balance is moth-eaten and sad, how can both […]
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 one priority as a business owner.
We live in a technological age and everyone has embraced the cloud - right?
The role of an entrepreneur involves wearing many, many hats. Especially in the early days of launching a business there often just isn’t enough cash for you to hire help. You have to be the manager, accountant, salesman and HR department all in one.
Have you written a business plan? A marketing plan? Done a SWOT analysis? Have you put your vision and mission into words and pondered your strengths and weaknesses?
Entrepreneurs start a business because of a passion. You have a skill and you grasp the opportunity to turn your passion into a source of income. Only accounting professionals start their own business because they are good at accounting – but it doesn’t take long for entrepreneurs to learn that, whether they are good at it or not, the accounting needs to be done.
No matter where you go in the world it appears that tax is a dreaded subject and the taxman is the bogeyman of legends – but it doesn’t need to be.
If you are a provisional taxpayer and find tax submissions stressful, here are five tips to help you stop the procrastination and master your returns!
Pharsyde offers bookkeeping, accounting, payroll and tax services for professional individuals and small-medium businesses. Beyond that extremely boring sentence, we are focused on helping businesses grow and develop - we want to see you succeed!
