A cryptocurrency tax and accounting software is making waves as TaxBit, a cryptocurrency tax and accounting software that automates tax calculations and reporting on cryptocurrency transactions attract big companies in the US. Recommended and trusted by several sources, its worldwide use is expanding. Read more here.
The Department of Social Development has published the Draft Non-Profit Organisation Amendment Bill 2021 and is asking for comments. The Bill seeks to amend the current Non-Profit Organisations (NPO) Act, 1997 (Act 71 of 1997). The Act was meant to create an enabling environment in which NPOs could be formed and function optimally. Overtime gaps […]
Proposed amendments to the Companies Act highlights the importance of Independent Accounting Professionals. Companies with a PIS score of less than 100 and internally compiled financial statements, and Companies with a PIS score of less than 350 and independently compiled financial statements, are exempt from new onerous reporting transparency requirements as proposed in the Bill. […]
The Future of Accounting Relies on Brand Building, here are tips that you can follow to help build and define your brand: Take the Time to Define Your Brand Create a Target Audience Embrace Digital and Traditional Marketing Set Realistic Goals and Watch The Right KPIs Read more.
33% of accounting firms reported they anticipated adding new services like financial advisory, cash flow and risk advisory in the next year. The 4 changes that accountants have to adopt are: 1. Adaptability 2. Better communication 3. Flexible work environment 4. Expanded services Read more
The share of finance-function respondents reporting the use of robotics and artificial-intelligence (AI) tools has more than tripled since our 2018 survey, while the share saying that they use advanced analytics for finance tasks has almost doubled. Read more.
A recent survey by KPMG and Business Leadership SA presents positive outlook for South African economic growth. Read more.
Some accountants seem to be using their skills to promote tax evasion. Is this a systemic problem or just bad apples? Read more.
From Daily Maverick: The Electoral Commission of South Africa (IEC) has taken progressive measures to work towards ensuring that the voting process becomes more accessible to all South Africans, regardless of their physical abilities. A national survey conducted by the Southern African Institute of Business Accountants (Saiba) in 2019, found that many voting stations were […]
Saiba offers a Business Rescue License to members holding the CBA(SA), CFO(SA) and BAP(SA) designations. Find out more here. Also read up on Saiba member Ruwynne Smith’s fantastic journey from accountant to business rescue practitioner. Directors wanting to address problems in financially distressed companies need to be proactive, diligent and aware of all options available […]