IMPORTANCE OF ACCURATE AND UP TO DATE MONTHLY BOOKKEEPING

IMPORTANCE OF ACCURATE AND UP TO DATE MONTHLY BOOKKEEPING

Bookkeeping is a vital job in any business. This is true whether you do the work yourself or hire someone to do it for you. Without proper bookkeeping, your accounts will not be accurate. It involves systematically recording and organizing financial transactions and is a fundamental aspect of effective financial management.

THE CONDUIT PIPE PRINCIPLE

THE CONDUIT PIPE PRINCIPLE

When preparing a set of Financial Statements for a trust, we always aim to minimize paying taxes in the trust, primarily due to the high tax rate a trust attracts/benefit of lower tax rates of beneficiaries, whom in most cases are individuals and companies. This article aims to provide some sort of clarity on the treatment of income earned by a trust and how that income flows and is treated in the hands of the beneficiaries.

WHEN ACCOUNTING AND ETHICS COLLIDE

WHEN ACCOUNTING AND ETHICS COLLIDE

Ethics require accounting professionals to comply with the laws and regulations that govern their jurisdictions and their bodies of work. Avoiding actions that could negatively affect the reputation of the profession is a reasonable commitment that business partners and others should expect.

UNPACKING 2022

UNPACKING 2022

We need to attain a rhythm of good housekeeping for 2022 …. Why? Covid taught us numerous challenges and how to overcome it daily. Some of us excelled during Covid and some of us struggled and during these uncertain times we all learned at least one thing: Life is about living one day at a time… because we don’t know what tomorrow may bring. This article lists a proposed personal 10-point plan, as well some pointers for your business.

EVERYDAY BUSINESS TASKS MADE EASY

EVERYDAY BUSINESS TASKS MADE EASY

As we are starting off on a new year in our diaries, we can also rethink the way we do things. With most financial year ends coming up – maybe it is time we should consider the accounting software we are using. As technology keeps on taking big leaps forward, we ought to consider what it has to offer.

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