2025 Budget Speech Summary

2025-03-13T13:50:56+00:00March 13, 2025|2025 Budget Speech, Accounting, Advice, Announcements, Budget, SARS, Taxes|

After an unprecedented postponement triggered by widespread disagreements within the GNU (Government of National Unity) regarding a proposed VAT increase, Finance Minister Godongwana presented the 2025/2026 National Budget Speech on 12 March 2025.  Below is a summary of the tax-related changes: - VAT (Value Added Tax) Considering the impact of a VAT adjustment, VAT [...]

Comments Off on 2025 Budget Speech Summary

Your Retirement Savings Pot Explained

2024-09-29T04:41:01+00:00September 29, 2024|Accounting, Advice, News, Retirement, Retirement Withdrawal, SARS, Savings Pot, Taxes|

South Africa’s new two-pot retirement scheme was designed to give members some financial breathing room during tough times, without requiring them to resign to access their savings. In short, although it offers short-term financial relief, this withdrawal benefit should only be considered for emergencies and not change how you think about your retirement financial [...]

Comments Off on Your Retirement Savings Pot Explained

5 Steps To A Smooth Changeover Between Accountants

2023-05-22T13:43:11+00:00May 13, 2022|News|

The perception of most Business owners is that changing Accountants is as difficult and disruptive as changing banks.  However, we have taken on a number of new corporate clients who are always surprised at how easy and smooth our changeover has been.  So, if you feel your current accountant is not giving you the [...]

Financial Accounting

2012-09-03T06:05:55+00:00September 3, 2012|General|

What is financial accounting? In August’s blog article we looked at the role of accountants in a general sense and how the true value of a good accountant was the ability to keep their finger on the pulse of the business’s finances, providing professional and strategic advice to the decision makers in a company. [...]