Top Accounting Trends in 2025 | Xena Accounting
3 Key Accounting Trends to Watch in 2025 To thrive in today’s competitive market, businesses must stay informed about the latest industry trends, including advancements in technology and eco-friendly practices. This article will explore some of the most significant trends expected to shape the accounting industry in 2025 and discuss how they can help you […]
Holiday Budgeting: Tips to Beat the Festive Financial Stress
The festive season is a time for celebration, but it can also pose financial challenges. As holiday expenses accumulate and the quieter season approaches, it’s easy to feel the strain. However, with some planning and smart money management, you can enjoy the holidays while still feeling financially secure come January.Here are our top budgeting tips […]
South Africa’s Accountant Shortage: Opportunities for the Next Generation
South Africa is facing a shortage of accounting professionals, which presents a significant challenge for both businesses and the economy. As the number of financial accountants continues to decline, the demand for skilled professionals is more urgent than ever. This situation creates valuable opportunities for individuals entering the accounting field. Why the Shortage Exists There […]
A Career in Accounting: Tips for Matric Students
Considering a Career in Accounting? Here’s What You Need to Know With the National Senior Certificate (NSC) exams fast approaching, many students are thinking about their next steps. For those who enjoy problem-solving, numbers, and financial strategy, a career in accounting can be a rewarding and stable choice. However, recent reports have highlighted a decline […]
Understanding the Two-Pot Retirement System: How It Will Be Taxed
On September 1, 2024, the two-pot retirement system was introduced, which brought significant changes to the management and taxation of retirement savings. This new system aims to provide more flexibility for retirement savers while ensuring long-term financial security. If you’re a taxpayer or an employer managing retirement funds, it’s important to understand the workings of […]
5 Questions with Bernice Houy | Empowerment at Xena Accounting
Bernice Houy Answers 5 Questions As Women’s Month approaches its end, we’re excited to share a special Q&A with our Founder and CEO, Bernice Houy. With Xena Accounting being recognised with a Top Women certification, Bernice offers valuable insights into fostering empowerment, overcoming challenges, and the impact of women in accounting. 1. Xena Accounting has […]
Beware of These Tax Season Scams
Tax season is here, and it’s crucial to remain vigilant against the various scams that target unsuspecting taxpayers. Scammers are becoming increasingly sophisticated, so it’s important to know the warning signs to protect your personal information and hard-earned money. Here are some of the most common tax season scams to watch out for, along with […]
Prepare for the 2024 Tax Season with Xena Accounting
As the 2024 tax season approaches, it’s vital to be prepared and stay updated on important dates and information from the South African Revenue Service (SARS). Gathering documents, understanding changes, and ensuring all information is correct can lead to a smoother filing process. Here’s what you should know: Important Filing Dates: What’s New This […]
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 […]