Essential Guide: Financial Statement Basics

Financial statements play a crucial role in assessing the financial health and performance of a company. By understanding the basics of financial statements, individuals can make informed decisions regarding investments, loans, and business operations. In this article, we will explore the key components of financial statements: balance sheets, income statements, and cash flow statements. Balance […]

Tax Tips: Small Business Tax Deductions Explained

Small business owners face numerous expenses while running their businesses, but many of these expenses can be deducted from their taxable income, resulting in significant tax savings. Understanding and leveraging these tax deductions is essential for maximising tax savings and optimising financial management. In this article, we will discuss key tax deductions that every small […]

Tech Trends: Modernising Accounting with Technology

Technology has become a game-changer in the field of accounting, revolutionising traditional practices and paving the way for increased efficiency, accuracy, and strategic decision-making. In this article, we’ll delve into the role of technology in modern accounting, focusing on key advancements such as automation, cloud accounting solutions, and AI tools. Automation: Streamlining Routine Tasks for […]

Ethics in Finance: Navigating Financial Reporting Integrity

Ethical standards are paramount in the field of finance and accounting, particularly when it comes to financial reporting and disclosures. Maintaining transparency, integrity, and compliance with ethical standards not only builds trust with stakeholders but also ensures the accuracy and reliability of financial information. In this article, we’ll explore the ethical considerations in financial reporting […]

How to retrieve your SARS Income tax number

Are you registered as a taxpayer, and unsure of what your tax reference number is? There are many easy options available in order to retrieve your tax reference number: 1. Your employer might have registered you for a tax reference number, in this case, check your IRP5 or payslip as the tax reference number may […]