Buying an established business is a great way to enter into the business world, or to expand your existing business empire. But purchasing a company isn’t something to enter into lightly. Becoming the prospective owner of a new business means doing your homework,...
Thinking of applying for a home loan? Here are some tips to help you prepare an application that’s more likely to be approved. You may need to go on a financial diet before you apply – When you apply for a mortgage, a bank will typically analyse the statements...
As a new business owner, it’s important you understand the provisional tax system as it affects your business. In your first year of business, you can receive a significant tax deferral. Your first year’s tax bill is, in some cases, not payable until 7...
Why is cashflow so central to good financial management? Here’s our plain english guide. What is cashflow? Cashflow refers to the movement of money into and out of your business over a specific period. In the most basic terms, cashflow is the process of cash...
GST apportionment has been around for a long time, but it has changed over the years. You can claim input tax deductions on purchases of goods and services you use to make taxable supplies. Where assets are used both to make taxable supplies and for private use, you...
Need some extra cash to take your business to the next level, but daunted by the loan process? You’re not alone. There’s a lot of paperwork and number-crunching involved. Before you get started, remember that banks wants your application to succeed as the...
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