Thursday, 29 May 2014
Thursday, 27 February 2014
Sunday, 1 December 2013
Friday, 1 November 2013
Tuesday, 1 October 2013
Tuesday, 10 September 2013
We are getting together on 29 September 2013, from about 11:30. With our spades and wheelbarrows we are going to try and fill up the road with building rubble collected. Once compacted down this will hopefully help to solve Ndabezinhle Creche's immediate problems and allow access to the school.
We would love you to join us, from Business Soul Cares, and the team from Crossways Church, to fix the road. Every bit helps. Please contact us at Business Soul Accounting and we will give you more details.
Thursday, 22 August 2013
Following on from our last blog on Provisional Tax. The next deadline for provisional tax is just around the corner.
How profitable is your business this year?
Preparing your provisional tax return is a good time to assess the profitability of your business. Ask the questions:
Is the business making a profit?
If your business is making a profit at the end of July 2013, this is a good sign for the year end results. Does the profit fall within the targets you have set? Consider the budget you have for the year and whether you are going to be able to maintain or improve your profits. Set new targets.
Is the business making a loss?
A loss in your income statement may be great for saving tax but a loss is not what you want. Rather make profits and save for the tax. One forced saving is paying provisional tax. Turn the loss into a profit by tackling the tough questions. What is causing the loss? Don't look at the obvious indicators e.g. fewer sales. Dig deeper. Why is income not covering your fixed costs? Are the markups on products correct to cover both fixed and variable costs? Is your marketing team performing? What expenses can be cut? What expenses need to increase to bring in more income? Now is a good time to turn the company around and work at making a profit for the year.
What is our strategy?
Use this time of preparing provisional tax as a strategy tool to assess profitability for the year. Correct your budgets and targets.
Your business can make profit