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Financial Management

carbon tax rates

South Africa’s Carbon Tax Rates Set to Soar in Coming Years

South Africa is getting serious about reducing its carbon footprint and accelerating the transition to renewable energy sources. The government recently announced major increases to carbon tax rates over the next six years that will significantly impact fuel and electricity prices for consumers. The Carbon Tax Act’s Phase 1 Has Been Extended In the 2022 […]

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Business Rescue in South Africa

Business Rescue in South Africa: A Lifeline for Struggling Businesses

Is your South African company facing mounting debts and cash flow problems? Don’t despair. Business rescue, a process enshrined in Chapter 6 of the Companies Act, offers a lifeline for financially distressed businesses. It’s a chance to rehabilitate your company, return to solvency, and avoid the harsh reality of liquidation. What is Business Rescue? Think

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safe online transactions

The Ultimate Guide to Safe Online Transactions for South African Small Businesses

In today’s digital age, online transactions are the backbone of many South African small businesses. Let me rephrase – safe online transactions are the backbone of many South African small businesses. They offer convenience and streamline operations, but let’s face it – they also come with inherent risks. As your accountant, I see firsthand the

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managing cashflow

5 Tips for Managing Cashflow as a Non-Financial Owner or Manager

If you’re not exactly a money genius but want to keep the cash flowing smoothly in your business, we’ve got your back. Managing cashflow is like tuning into the heartbeat of your business – it’s all about money coming in and going out. You’ve got to keep it in check to make sure your business

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Financial Goals Checklist for 2024

Navigating the Waves: Your Business’s Financial Goals Checklist for 2024

Hey ThriveCFO family, As we gear up for the exciting journey that is 2024, I want to share a comprehensive financial goals checklist crafted just for you, our South African small and medium business champions. The road may be challenging, but with strategic planning and unwavering commitment, your business can not only survive but thrive

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How Accounting Helps In Decision Making

How Accounting Helps In Decision Making

Contents Table1 The Puzzle of Business Decisions2 Discovering the Secret Sauce2.1 Budgeting: The Financial Roadmap2.2 Performance Analysis: Unveiling Opportunities2.2.1 The Art of Deeper Insight2.2.2 Navigating the Departmental Waters2.2.3 Product Performance: Shaping Success Stories2.2.4 Projects: From Vision to Reality2.2.5 Unearthing Opportunities for Optimisation and Improvement2.3 Cost Control: Navigating Financial Waters2.3.1 The Significance of Cost Control2.3.1.1 1.

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Small Enterprise Development Finance Agency (SEDFA)

Driving Small Business Growth: The Impact of South Africa’s New State-Owned Company

Contents Table1 Streamlined Support and Challenges for Small Enterprises1.0.0.1 Key Take Aways:1.1 Enhanced Support for Small Enterprises1.2 Streamlined Ecosystem and Increased Access to Finance1.3 Addressing Disputes and Late Payments1.4 Potential Challenges and Considerations For SEDFA1.5 Conclusion Streamlined Support and Challenges for Small Enterprises Key Take Aways: The South African government is establishing the Small Enterprise

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How to Prepare Your Business for an Audit

How to Prepare Your Business for an Audit in South Africa: The Ultimate Guide

Contents Table1 Understanding Audits2 The Importance of Audit Preparation3 Key Steps to Audit Preparation4 Common Audit Issues5 How to Avoid Audit Issues6 Conclusion Audits are a critical aspect of ensuring the accuracy and integrity of a business’s financial operations. In the context of South Africa, where regulatory compliance and transparency are paramount, audit preparation becomes

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Benefits of Integrating E-commerce with Accounting Software

Benefits of Integrating E-commerce with Accounting Software

Contents Table1 Statistics2 Benefits of Integrating E-commerce with Accounting Software2.1 1. Streamlined Financial Management2.2 2. Enhanced Data Accuracy2.3 3. Real-time Insights and Reporting2.4 4. Simplified Tax Compliance3 Choosing the Right Accounting Software3.1 1. Integration Capabilities3.2 2. Platform Integrations3.3 3. Customisation3.4 4. Cost3.5 5. Features and Ease of Use4 FAQ’s5 Conclusion In today’s digital era, businesses

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