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Supply chain disruptions: Managing inventory risks with your accountant

As a South African business owner, you may well have experienced the impact of supply chain disruptions. From the pandemic to global conflicts, natural disasters, and more – businesses have faced unprecedented challenges in obtaining raw materials, components, and finished products.

Extract real meaning from financial reports

Do you feel like you struggle to make informed business decisions? If so, extracting real meaning from your financial reports is probably what’s missing. Simply looking at your numbers is not enough. You need to know what to look for and how to interpret the results. In this guide, we discuss the key elements your financial reports should include and how to extract valuable insights from them.

Changes to Foreign Employment Income

Stay ahead of the curve with our latest blog: “Changes you need to know about SA’s foreign employment income tax exemption.” If your employees work abroad, this is essential reading.
Before March 1, 2020, South African residents working abroad enjoyed full tax exemption on their foreign employment income. However, amendments to the Income Tax Act, 1962, mean this exemption now comes with a cap.

Harnessing the Power of Data Driven Forecasting

While navigating the uncertainties of business, many entrepreneurs rely on intuition or guesswork to predict the future. However, only 32% leverage the power of data-driven financial forecasting, a valuable tool that unlocks a clearer picture of your future financial landscape.

Planning for financial year-end

Financial year-end is a critical time for both businesses and individuals and involves summarising and closing financial accounts to prepare for tax obligations, evaluate performance, and plan. Here are some important deadlines you need to know for your financial year end –

Financial wellness: beyond the numbers

Studies reveal a compelling link between financial stability and mental well-being. Financial stress can spark psychological distress, anxiety, and depression, affecting productivity and employee morale.

Do you know what your debt costs you?

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For business owners, debt can be a double-edged sword. On one hand, it provides much-needed capital to expand, invest, or smooth out cash flow gaps but, on the other, it comes at a cost (much of which isn’t immediately apparent).

Financial Literacy for Business Owners

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Financial literacy is a critical skill for business owners. It’s not just about understanding numbers, it’s about the ability to make informed financial decisions that can drive the success and sustainability of your business. Here are the five key components of financial literacy that you need to master.

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