In terms of South African income tax legislation, South African tax residents and non-South African tax residents are taxed differently, as is the case in almost every country around the world. A South African tax resident is taxed in South Africa, by SARS, on its worldwide income, irrespective of where the income originates […]
Five rules for effective cash flow management Fin24 blogger Anderson Lele writes: MAKING sure that your company is a viable business means that you have to pay attention to and manage your cash flow effectively. Business experts agree that one of the most common reasons for the failure of small businesses is that they run out of […]
Accurate accounting is the single most important aspect of many successful businesses. In order for any business to remain successful employees must share the same values and commitment. It may also be the size of your business and employee responsibilities that could determine how they managed your accounts. Outsourcing may just be the answer in order to relieve […]
A misconception exists that bookkeeping and accounting are one and the same. While they both work to assist you with your finances, there are some important distinctions between the tasks of a bookkeeper and an accountant. From the outset, it is important to understand that both bookkeepers and accountants forms an integral parts of your business. […]
When to Hire an Accountant Most accountants will tell you they could have saved their small business clients a lot of time, money, and headaches. That is if those clients hadn’t waited so long to ask for help. Bottom line is that there are several key times in the course of your business when you […]
10 Fun facts about accountants Although we at Accusum Accounting Service always aim to provide our clients with a professional and ethical service we also belief that the accounting profession is not always about numbers it can be fun too, That chewy stuff, Bubble-gum, was invented by an accountant, Walter Diemar in 1928. It was bright pink […]
Accounting and or bookkeeping used to be a stable profession in the older days. When a business hired an accountant, that partnership usualy almost lasted forever. Changing to a different firm was expensive, complex and almost impossible. To a large extent that’s still true today. But it’s getting easier for businesses to shop around. New technology means that moving […]
At Accusum accounting services we pride ourselves with professional yet affordable service. If you are as serious about your business as what we are give us a call we won’t cost you an arm and a leg. Feel free to enquire about our vast range of service offering to find out how exactly we will manage your business […]
In the current economic climate we at Accusum accounting services all to well understand how difficult it is to make ends meat nowadays. It is therefore essential for us to keep delivering a professional service at affordable rates. “Affordable, Proffesional always”
Implications of the change to tax on foreign earnings “South Africans working abroad and earning in foreign currency will have to prepare for the new tax now or get hit by penalties at a later stage. Picture: Shutterstock” “Earlier this year National Treasury announced that it intends to change the provision in the tax law […]