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Business Loan or a Credit Facility – Which Is Right for Your Business?

Business Loan or a Credit Facility – Which Is Right for Your Business?

by Bionic Chartered Accounting | Oct 27, 2022 | Business, Financial

“I would borrow money all day long, if the cost of borrowing is less than the expected return.” (Brad Schneider, American congressman) At some point it’s more likely than not that your small business will require a business loan. A 2021 study done by Fundera (a...
SARS Can Take Money from Your Account! Here’s How to Prevent It…

SARS Can Take Money from Your Account! Here’s How to Prevent It…

by Bionic Chartered Accounting | Oct 27, 2022 | Tax

“[Taxpayers] should give at least the same priority to tax obligations as their other responsibilities.” (SARS’ Short Guide to the Tax Administration Act) SARS has wide powers when it comes to the collection of tax debts and just one of these is the power to collect...
Don’t Let Fraud Infect and Damage Your Company

Don’t Let Fraud Infect and Damage Your Company

by Bionic Chartered Accounting | Oct 27, 2022 | Business

“In a way, fraud in business is no different from infidelity in marriage or plagiarism in scholarly work. Even people committed to high moral standards succumb” (Miroslav Volf, Director of the Yale Center for Faith and Culture)  Fraud (in this context) is the act...
Your Tax Deadlines for November 2022

Your Tax Deadlines for November 2022

by Bionic Chartered Accounting | Oct 27, 2022 | Tax

7 November – Monthly PAYE submissions and payments25 November – VAT manual submissions and payments29 November – Excise Duty payments30 November – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments.
Is Your Pricing Model Killing Your Business?

Is Your Pricing Model Killing Your Business?

by Bionic Chartered Accounting | Sep 28, 2022 | Business

“The moment you make a mistake in pricing, you’re eating into your reputation or your profits.” (Katharine Paine, founder and CEO of KDPaine & Partners) It may seem a simple concept but getting your pricing right is an integral part of any business’s true...
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