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 […]
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 […]