Money may not be everything but it sure will help you to live a more comfortable life, filled with opportunities. Want your children to understand how to treat money and protect their wealth when they’re adults? Of course you do! And the earlier you start, the better. (more…)
Times are tough and your business’ coffers might be taking strain. Many business owners know that their expenses exceed their income or that they should be saving money at work but they’re not quite sure how to do this. (more…)
As a small business owner, you might believe that only big businesses with large budgets can afford to hire a professional accountant or that hiring one might only bring further, unnecessary expenses to your budget. But that’s not the case – all businesses need to maintain proper financial records and there are accounting firms, like DATC, that can help small businesses with the same concerns. (more…)
Money can be a very sensitive subject and if we aren’t careful, it can destroy our relationships. When you stand up and commit to marrying your partner, you are committing to being one with them until the day you die, this does mean being more selfless and definitely means a shared bank account needs to be considered. You now need to make most decisions together and having a joint bank account helps to keep everything on the table and means that no secret spending can take place and cause a fight later on! (more…)
Your relationship with your accountant should be based on trust and respect for their expertise and advice. And while this includes leaving the daily financial matters of your business up to them, it does not mean you shouldn’t take an active interest in those matters. As a business owner, it is important to know the state of your books and understand what your accountant is doing for you on a regular basis. (more…)
Following the recent budget speech, many companies are looking at their budgets and plans for 2016, reviewing, amending and improving said budgets to best suit and support their business.
It is for this reason that we have decided to identify a number of things – Important things – that we feel businesses should endeavour to include in their budget this year! (more…)
Planning for the year ahead both financially and just in general is not always a task that comes easily. We have identified a number of tips and factors for you to take into consideration when planning for your year ahead.
• Budget, budget, budget! – even if it is just a rough one
• Develop folders and/or a filing system for slips and any important documentation if you haven’t already (more…)
The festive season is the perfect reason to indulge in things you wouldn’t normally, what better time of year to do so? Well, we are here to help you with your festive season budgets and have identified our top 5 tips to budgeting over this fun-filled, merry time of year. (more…)
Organising your receipts and documents in order to prepare yourself for tax season is a task many avoid.
Being organised is a crucial part of submitting a successful and correct tax return for your business and forms an imperative part of the tax season itself.
The following organisation tips will assist companies and businesses in the preparation for tax season so as to ensure a stress free and hassle-less process. (more…)
The silly season comes with a history of enthusiasm and anticipation and these festivities are notorious for the toll they take on many consumers’ bank balances. DATC (Durban Accountants and Tax Consultants) have therefore decided to provide you with some top tips for spending this festive season so that you don’t end up with a serious headache in January 2015! We all want to kick off the New Year with a fresh start and certainly don’t want to start 2015 off with any financial strains! Consider our list of 5 tips for Christmas spending… (more…)