Practical Habits for Building Long-Term Wealth
Many people associate wealth with high earnings, successful investments, or owning valuable assets. While these deliver a significant advantage, wealth is usually built much earlier in simpler ways by carefully managing income before it is spent. A person can earn well and remain financially vulnerable if expenses rise too quickly, debt is poorly managed, or […]
Is Your Business Paying the Price for Not Investing in the Right Technology?
Financial operations form the backbone of every organisation, but when the technology that supports them is outdated, the ripple effect can be damaging. Slow systems increase turnaround times, manual errors create compliance risks, and poor integration can lead to inconsistent reporting. The cost of “making do” with old systems is often invisible until it shows […]
Smart Approaches to Trading Stock Valuation
GAAP / IFRS determines the accounting treatment, with tax largely following suit. Valuing your trading stock, also known as inventory, is a critical aspect of financial accounting and business management—not to mention tax compliance. Accurate valuation of inventory ensures that a company’s financial statements present a true and fair view of its financial position, directly […]
Cut Divorce Costs with Amicable Solutions
Divorce mediation can be a win-win solution that cuts financial stress and trauma. Love is what gets couples in front of the altar. Sadly, when the passion fades and relationships get rocky, the dreaded ‘big D’ often rears its ugly head. Getting divorced is, unfortunately, a time when many are pressed to get as far […]
Time Is, Indeed, Money!
How to make time work for your money. It’s often said that time is money, and when it comes to your finances, that’s absolutely true. The principle of the time value of money is simple: money available today is worth more than the same amount in the future, because it has the potential to earn […]
The Impact of Recent Companies Act Amendments on Audit and Review Requirements for Close Corporations
Under the amended legislative framework, members of a close corporation are now required to prepare annual financial statements (AFS) within six months after the financial year-end. This timeline was shortened from the previous nine-month period due to the incorporation of relevant provisions from the Companies Act into the Close Corporations Act 69 of 1984. Section […]
Accrual vs. Cash Accounting for Your Business: Which One Is Best?
When deciding between accrual and cash accounting for your business in South Africa, it’s important to understand the differences and how each method may affect your business. Both methods come with their own set of advantages and challenges, depending on the size and complexity of your business. This article will help you choose the right […]
How to Prepare for an External Audit
Getting ready for an external audit is an essential process for any business aiming to uphold compliance, ensure transparency, and strengthen its governance practices. External audits are essential for ensuring the accuracy of financial statements and verifying that a company is adhering to required accounting standards. Here’s a comprehensive guide to help you prepare for […]
The Dangers of Single-Spouse Financial Planning
The ability of families and retired couples to plan effectively to protect their financial future can be hampered when just one person is entirely responsible for all financial matters. Our team routinely consults with clients who are surprised—or even bewildered—when they find themselves to be the surviving spouse following a partner’s death. Particularly with the […]
Why Honesty Is the Best Policy When Dealing with Your Financial Advisor
The foundation of any relationship with a financial advisor is built on trust and transparency. Clients are expected to share intimate details about their financial lives, similar to how one would discuss health issues with a doctor. This level of openness ensures that advisors can provide tailored advice that accurately reflects the client’s financial health […]
