Is SARS always right? What if I do not agree with their assessments?
Is SARS always right? What if I do not agree with their assessments? Many of us see SARS as that horrible master who just wants to take our money at every opportunity possible, and it’s money they didn’t even work for. Sometimes you look at an assessment and you even wonder what they are […]
Is there VAT on residential property?
Is there VAT on residential property? Understanding VAT on Residential Property Let’s get straight into it. There is no VAT on residential property. This is an exempt supply in terms of the VAT Act. However, one needs to be careful and correctly distinguish between residential and commercial letting. Is there VAT on residential property? […]
Why accountants should see themselves as doctors to their clients
Imagine your business takes a visit to the doctor. Now imagine this doctor is an accountant, your business advisor or mentor. How would the visit go and what should you get out of that visit? I have not been to a doctor in a very long time. But, I do remember, from a few visits […]
BLOCKCHAIN TECHNOLOGY AND BUSINESS
BLOCKCHAIN TECHNOLOGY AND BUSINESS : WHAT IS BLOCKCHAIN TECHNOLOGY? Blockchain technology was initially developed by a person or group of people who called themselves Satoshi Nakamoto. This technology was initially developed for the digital currency called Bitcoin. I do not believe that every one of us should learn to code. We just need an understanding […]
The Forward-looking Accountant
Technology is taking over some routine tax and accounting tasks. This means accountants now need to make the move to trusted business advisors. William Reeb and Dominic Cingoranelli asked an important question in their book Becoming a trusted business advisor: how to add value, improve client loyalty, and increase profits, namely if accountants can name the […]