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Director vs Shareholder

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People commonly confuse the roles and responsibilities of directors and shareholders. So who does what and why is it important?

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CounterActive Reporting

Making decisions is hard, especially when you don’t have the information you need. But, with the right financial data, making good decisions is much easier.

What does procrastination cost you?

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No doubt you’re well aware of the obvious ways procrastination impacts your life – late for a meeting (again), the fully-booked house you wanted to reserve for the holidays, or the apologetic call to a client for not delivering a project on time. But do you realise that you’re paying an even bigger price in lost opportunities and bottom-line financial costs?

3 Simple financial ratios that measure business performance

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If all you’re doing is keeping track of your transactions, you could be missing key information about your businesses’ financial health. To measure your success and plan for the unexpected, take some time to consider these financial ratios next time you review your financial statements. Management thinker Peter Drucker is quoted as saying that “you […]

Bad debt: how SARS views it

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Every business owner’s dreaded scenario. You’ve done the work, the quality’s great, the product’s excellent, your workmanship exceeds expectations, but your client isn’t paying. You’ve exhausted every avenue for finding a way for the account to be paid and now you’re faced with writing off the debt. What are the tax implications for your business? […]

Running your business with your head in the clouds?

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Running your business with your head in the clouds has two vastly different meanings. You’re either running around absentmindedly, using impractical systems or (our preferred option) your head’s in the clouds when it comes to your company’s financial management. In which case, you’ve already adopted cloud-based accounting.

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