Recent Posts
Business

A day in the life of an accounting intern

So many employees are wary of taking on someone fresh out of university.

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Business

How much does your employee actually cost?

You might think that all you need to spend on a new hire is ‘cost to company’, aka CTC. Think again.

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Business

Do you need a bookkeeper or an accountant?

Many business owners don’t know the first thing about crunching numbers. Luckily there are people out there who do – like bookkeepers and accountants.

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Business

Stop! COLLABORATE. And listen

In most start-ups, the initial knee-jerk reaction is to fixate on competitors – which wastes time, money, and resources.

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Business

Should you register a business or should you freelance?

So you’ve decided to take the plunge and become your own boss, but have you given much thought to your corporate structure?

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Business

Top three tips to manage your business budget

Every little bit counts, especially when your start-up doesn’t have money to throw around.

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Business

A simple guide to pricing your product

You’ve created what you want to sell, but what price should it be?

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Business

Is outsourcing right for your business?

Running a business requires a variety of skills and resources. As your business grows, entrepreneurs need to ask themselves which parts of their business they should outsource, and which elements should be kept in-house.

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Tax

Brace yourself: Tax season is coming

Earlier this month, SARS announced a few changes and enhancements for the 2019 tax season.

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Business

Investment options for excess cash

This article addresses some considerations for entrepreneurs to bear in mind when assessing their next investment opportunity.

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Business

Running a business during a recession

Many business owners find it difficult to determine what needs to be done to sustain their business through tough economic times.

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Business

Three reasons staff training should be your biggest investment

Happy employees are more productive, resourceful and likely to go the extra mile. Staff retention will save you training time, cash and maintain morale in your company.

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Accounting

4 steps to choosing the right accounting firm

Often business owners, especially new business owners, underestimate the importance of hiring the right accountant for their business.

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Accounting

How employing the right accounting firm can make your business a success

When you start your business on a budget and funds are limited, you are likely to cut costs and strengthen the funds available as much as possible.

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Tax

SARS can hold bribers accountable

Corruption and state capture have dominated the collective consciousness of South Africa’s society over the last few years, with many people growing apathetic and tired of the narrative. Honest South Africans fear that high-profile individuals implicated in corruption won’t be convicted of their crimes as the legal process requires concrete evidence of crimes. However, many corrupt people forget about the tools SARS has to hold them to account, similar to the case of Al Capone.

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Business

Good data can fund your business

Funding, funding, funding – the main talking point of entrepreneurs worldwide when asked about their biggest challenges. Many business owners believe that if they are able to get funding for their business, success will follow. Although funding is a critical part of any business, more often than not, it is not the core challenge. It is more important to ensure that businesses receive the ‘right type’ of funding that is supported by a ‘good’ business model.

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Accounting

Speaking The Business Language of Accounting

Accounting jargon is often thrown around by banks and accountants about your business financial wellbeing. This can cause many business owners to go into a state of panic and confusion. Here is a 101 on what the jargon truly mean for your business:

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Business

Finding the green to get you off the ground

Arguably one of the biggest battles of starting a new independent venture is having to source funds to fire up the growth of the business. Fortunately, there are various ways to get funding for your business if you are lucky enough to fulfil all the requirements and find the right place. These are the five most common and convenient ways of funding your business in South Africa:

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Business

Don’t let these growth obstacles slow you down

The double-edged sword of cash flow management. A huge influx of orders is fantastic, but a huge expense on inventory? Less so. Making a large expense before you receive a return puts you at risk of overtrading. This could be anything from late paying customers to large investments in operations/infrastructure without enough incoming revenue.

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Business

Do you have the key attributes to be a successful entrepreneur?

Entrepreneurship is a challenging road, and one less travelled because of this. After surviving her own entrepreneurial trials, Outsourced Finance’s managing director, Depo Ogunruku, shares three key attributes that are critical in aiding the success of an entrepreneur.

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Tax

5 key tax highlights for your small business

Small businesses are an important engine for economic growth and job creation, but until the government reconsiders stifling taxes and regulations, it is vital for them to have sufficient tax and compliance support.

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Accounting

Dear Financing Sector, We Need to Talk

In light of the February 2019 State of the Nation Address, which mentioned the continued increase in spending for small business incubators; the experts at Outsourced Finance got thinking: what is the true state of financing for small, medium and micro-sized enterprises (SMMEs) in South Africa?

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Business

Reignite the flame of passion in your business

In the depths of hot summer months, it’s all too common to find your passion burning out.Today’s default mindset is that if you’re not stressed, you’re not working hard enough. Butstress usually makes your problems intensify.Read our seven ‘R’s for combatting stress and helping you get excited about your business once again.

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Business

Embrace the challenges of expansion

You decide to invest in your dream and set up a coffee shop. The joys of a startup: the inspired feeling, moving in, the grand opening, your first customer. A little way down the road, you decide that it’s a little cramped and really, you could do with a little more time off. Up until now, you’ve had complete control of your business and when your head starts spinning with the thoughts of delegating responsibility, payroll, HR responsibilities and multiple locations – terrifying is an understatement.

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Business

Starting a business in South Africa - May the force be with you!

Starting a Business in South Africa is the road less traveled, and it is a scary road, According to a study by The Small Enterprise Development Agency (SEDA: 2007), South Africa has one of the highest failure rates of new SMEs in the world, at an estimated 75%.

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Accounting

Digital Accountant aiding the growth of South African SMME

According to the GEM South Africa 2014 report, one of the main challenges faced by SMMEs’ are commercial and professional infrastructure.

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