Review all costs - suppliers, packaging, postage, software, every penny that goes out of the business ought to be reviewed and checked to...

Have you heard of the term "overtrading"? and do you know what it means? Overtrading is when a business expands too fast without the...

It might seem an odd thing to say "There's no such thing as failing in business" but there isn't. I'm not talking about businesses...

“Building wealth is not sexy; it’s boringly consistent. Your daily principles are what grows your net asset value.” 1. Employment Tax...

A profit & loss statement (P&L aka income statement) is a financial report that shows your total income, total expenses and net income...

The difference between a hobby and a business... a hobby will cost you money and a business will pay you 💸 Wondering how to pay yourself...

Here are 4 ways to start taking your business seriously: 💸 Register your business. Protect yourself + your personal assets by getting...

Trying to DIY your bookkeeping? You NEED these four things 👇🏻 ✓ A separate bank account... running expenses through your personal...

I've worked from home since covid - 2020 - and I love it! But for many it can present many challenges: Being in the same place 24-7 The...

You’ve probably heard the old “you need to spend money to make money” cliché. But let’s face it: when you’re starting a business, the...

Bookkeeping vs Accounting: what’s the difference? Many new entrepreneurs wonder whether there is a difference between bookkeeping and...

Here is a list of basic rules once you become a VAT vendor: · Find out which VAT cycle applies to your business and submit your VAT...

What is VAT? VAT was introduced in South Africa in September 1991, replacing a pre-existing regime known as the General Sales Tax (GST)....

It’s the moment we dread – that big invoice we needed to be paid on time hasn’t been paid and now we are panicking as there are bills...

In this year’s State of the Nation Address (SONA), President Cyril Ramaphosa emphasised the role of government in helping businesses...

Taking the time to create a comprehensive budget may seem like a lot of work, but it will help you to unlock the financial insights you...

For businesses, particularly small businesses, preparation, and budgeting go hand-in-hand. Whether you’re running your first marathon,...

Everyone wants an accountant’s help when tax season strikes. Few people, however, know the kind of value HM Accounting can add outside of...

We have seen considerable changes in customer behaviour as challenges such as the pandemic, the unrest in July, and rolling blackouts...

Making money was probably at the top of your goal list when you decided to start your business. However, most business owners struggle...