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Revenue recognition can often feel complicated, but understanding IFRS 15 is essential for getting it right. This guide breaks down the 5-step model in simple terms, using practical examples to help you support your clients with clarity and confidence. From retail sales to telecom contracts, discover how to ensure accurate, transparent financial reporting.
A business plan is more than a document; it is a guide to help your business grow and succeed. It sets clear goals, outlines strategies, and keeps your team focused. Whether starting out or expanding, a solid plan ensures you make informed decisions and attract the right support. Learn how to create a practical business plan that works.
Workers injured at work or who develop workplace-related illnesses have rights under South African law. This article explains how workers’ compensation works, the steps employees should take after an incident, and what employers need to do to comply. A practical example highlights how these processes apply in real life, making it a valuable resource for CIBA members. Read the full article to stay informed.
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Tax
Paying professional membership fees is never easy, especially as the year ends and expenses pile up. However, did you know that with proper structuring, there are tax benefits you can claim on your CIBA membership fees? Whether you’re an employer covering fees for your team or an individual member paying out of pocket, understanding the VAT and income tax implications can help ease the financial burden. Don’t miss out on these valuable insights to make the most of your membership in 2025!
When employees travel abroad for work, they incur additional expenses for food, transportation, and incidentals. Reimbursing these costs can be time-consuming if employees are required to submit receipts and detailed records. To simplify this, the South African Revenue Service (SARS) allows employers to pay a subsistence allowance. This allowance, if paid within SARS-approved limits, is tax-free and does not require employees to submit proof of expenses for the covered amounts.
Have you got clients with cross-border transactions? Considering transfer pricing is essential for clients that transact with related parties. This article simplifies transfer pricing with clear explanations, practical examples, and actionable tips. Learn how to apply the arm’s length principle, benchmark transactions, prepare documents to protect your clients from tax disputes.
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Practice Management
Transitioning to ISQM 1 doesn’t have to be overwhelming. This new quality management standard focuses on tailoring systems to fit your firm’s needs. By taking small, practical steps, you can build a stronger foundation for better engagements and a more trusted practice. Learn how to make the shift smoother and tackle common challenges with ease.
Monitoring and remediation are vital parts of ISQM 1, ensuring your firm stays on track with consistent quality standards. In this article, we discuss how to effectively monitor key performance indicators, address deficiencies through targeted actions, and foster a proactive culture of continuous improvement to strengthen your practice and deliver reliable results.
Imagine managing a portfolio of clients spread across continents—all from the comfort of your office. Offshore accounting practices are revolutionizing the way Business Accounting Practitioners operate, thanks to cutting-edge technologies like cloud platforms, real-time data analytics, and secure communication tools. In a world without borders, your expertise can reach clients in distant markets, offering tailored solutions and building lasting relationships. This article dives into how you can leverage global connectivity, break cultural and language barriers, and position yourself as a sought-after international accounting expert. Welcome to the future of accounting—limitless and interconnected!
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