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Risk Management

audit preparation

Preparing Your Small Business for Audits and Ensuring Compliance

As a business owner in South Africa, maintaining financial health and compliance is crucial for sustainable growth and success. At Thrive CFO, we understand the complexities small businesses face in navigating audit requirements. This article explores essential strategies to prepare your business for audits and ensure compliance, empowering you to streamline processes and mitigate risks

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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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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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Unraveling the CIPC Beneficial Ownership Enigma: 10 Key Insights

Unraveling the CIPC Beneficial Ownership Enigma: 10 Key Insights

Contents Table1 CIPC Beneficial Ownership Framework1.1 1. Establishing Transparency1.2 2. Purpose and Intent1.3 3. The Repository of Ownership1.4 4. Focus on Significance1.5 5. Countdown to Compliance1.6 6. Mandated Submissions1.7 7. Consequences of Silence1.8 8. From Voluntary to Obligatory1.9 9. The Legislative Mandate1.10 10. Combating Illicit Ventures Delving into the world of CIPC Beneficial Ownership sheds

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