What is an exit plan? If you are reading this, you are likely interested in finding out more about what an exit plan is and the value of exit planning, correct? You possibly have a small business and are familiar with the importance of a business plan? Now, what if I told you, your [...]
At Dirmeik Consulting, we offer a range of auditing services but often there is some confusion around the different types of auditing. Many people have negative connotations to auditing when there has been forced external auditing and fail to see the many positives that internal auditing can provide a business. In this article I [...]
Many of you reading this may have just completed a tax return yourself or had your accountant complete it for you. Either way, you probably found that there was definitely still “Eish” in tax-eish-tion when you discovered how much tax you needed to pay to SARS. Sure, you claimed for certain expenses which reduced [...]
A new earnings threshold was implemented today, 1 July 2011, by the labour department. The last time the earnings threshold was increased was back in 2008 when it was raised to R149 737. With this increased earning threshold, employees earning less than R14338 per month ( or R172 000 annually) will now be protected [...]
A look at CC Auditing and the New Public Interest Score. If you haven’t heard already, there are no more close corporations or CC’s. If you were planning to open a cc for your small business then unfortunately this option will no longer be available to you. You will instead have to look at [...]
To continue our series of popular services, we will look at the service of bookkeeping, what it is and how it can benefit your business. What is Bookkeeping? You may be starting a business or already running a company but not fully understand what bookkeeping is. Bookkeeping is an essential business functions and in [...]
Introduction to the changes in the Companies Act On the 1st of May 2011, the new Companies Amendment Act came into effect. This major piece of legislation affects many professions including CEO’s, Directors, Stakeholders, Shareholders, Managers, Bankers, Lawyers, Closed Corporation members and many more. It is important to be aware of the changes that [...]
Each year around this time, business owners and individuals alike closely watch the budget speech to see what financial changes will be implemented and how this will affect their business or industry. While the budget speech is packed with valuable information to those in the know, for the average person this treasure trove of [...]
Expatriate Tax Services Continuing the series of examining accounting services, we will have a closer look at the tax implications of working abroad. Many South Africans leave the country annually to accept work in foreign countries. While some of this work may be temporary such as Summer jobs or 1 to 2 year working [...]
In 2011, I have decided that I will use my blog to shed some light on some of the personal and commercial services that accountants are offering. Often services are misunderstood or the value of a service is not immediately seen due to a lack of available information. By covering a range of popular [...]
I thought I would touch on this topic as most business owners will make this very important decision at least once in the lifespan of their business. You may find yourself being weighed down by increasing administrative tasks, removing focus from your core business. Perhaps you are finding that your in-house accounting department is [...]
There is often confusion around the exact differences between a Chartered Accountant and a General Accountant, and how they can help you or your business. In this article we will look at the technical differences as well as other factors that should be considered when deciding on the type of Accountant. The technical difference [...]
