Financial | Bionic Chartered Accountants

Budget 2023: How It Affects You and Your Business

by Bionic Chartered Accounting | Feb 27, 2023 | Business, Economy, Financial, Tax

“This is not an austerity budget. It is a budget that makes tough trade-offs in the interests of the country’s short and long term prosperity.” (Finance Minister Enoch Godongwana – Budget 2023) Finance Minister Enoch Godongwana’s second Budget contained no major tax...

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...

A Guide to Accessing Funds That Can Help Your Small Business

by Bionic Chartered Accounting | Mar 30, 2022 | Business, Financial

“All company bosses want a policy on corporate social responsibility. The positive effect is hard to quantify, but the negative consequences of a disaster are enormous” (English economist and academic, Noreena Hertz) Stimulating the SME sector is considered as one of...

Budget 2022: Your Share of Billions in Tax Relief and Business Support

by Bionic Chartered Accounting | Feb 25, 2022 | Business, Economy, Financial, Tax

“Now is not the time to increase taxes and put the recovery at risk! Accordingly, we have decided to keep money in the pockets of South Africans.” (Finance Minister Enoch Godongwana) The 2022 Budget Speech brought some good news and welcome tax relief to personal and...

Interest Rate Hikes: How to Buffer Your Business in 2022 and Beyond

by Bionic Chartered Accounting | Jan 5, 2022 | Business, Financial

“The implied policy rate path of the Quarterly Projection Model indicates an increase of 25 basis points in the fourth quarter of 2021 and further increases in each quarter of 2022, 2023 and 2024.” (Lesetja Kganyago, SARB Governor) After cutting interest rates by 275...

What To Do When Preparing to Sell Your Business

by Bionic Chartered Accounting | Nov 26, 2021 | Business, Financial

“As much as you might love running your business, you must have an end-goal in the plan. At the very least, an exit strategy keeps you from turning your business into a glorified job – working from home, but with longer hours.” (Kevin J. Donaldson) A new year beckons,...