by Bionic Chartered Accounting | Oct 29, 2024 | Accounting
“Accounting is the bridge between financial chaos and structured prosperity.” (Amanda Green) International Accounting Day is celebrated on November 10 every year. The day is all about acknowledging the role of accountants in supporting businesses and the economy – at...
by Bionic Chartered Accounting | Sep 27, 2023 | Accounting, Tax, Trusts
“The common assumption is that trusts are some kind of tax panacea…Then, conversely, from a South African Revenue Service (SARS) perspective, trusts are viewed with a degree of suspicion and mistrust. [T]he truth lies somewhere between these positions.”...
by Bionic Chartered Accounting | Jun 28, 2023 | Accounting, Business
“If you talk to a top accountant about his field of expertise, it’s mind-boggling.” (Vincent Kompany, professional football manager and former player) Accountants are the tax and compliance champions of any industry, but the best ones do so much more for their...
by Bionic Chartered Accounting | Feb 27, 2023 | Accounting, Business
“Making good judgements when one has complete data, facts, and knowledge is not leadership – it’s bookkeeping” (Dee Hock, Founder and CEO of VISA) When running a small business, it often feels like you are doing everything yourself, and some important...
by Bionic Chartered Accounting | Jul 27, 2022 | Accounting, Business
“Creativity is great – but not in accounting.” (Charles Scott, Former governor of Kentucky) Being able to track money as it is coming in and going out is essential for small business owners. Not having proper cash flow management and a full understanding of...
by Bionic Chartered Accounting | May 27, 2022 | Accounting, Business
“What gets measured, gets managed.” (Peter Drucker) Financial reports, such as a balance sheet, income statement, cash flow statement, debtors reports and actual spend vs budget reports, provide an understanding of where your business stands financially at a certain...
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