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How Crypto Is Taxed Around The Globe

Cryptocurrency is still going strong after 14 years. Though the industry has faced major setbacks like China’s crypto mining ban and sell-offs in January, Yahoo Finance reports that its market cap is still well above $1.3 trillion. In part, this is thanks to its large user base of over 3 million people. Crypto transactions are usually done …

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Accountants Have Benefited From Automation Since 3 000 BC. Why Should it Stop Now? 

Nicolaas van Wyk It’s a pity that in 1920 when archaeologists discovered 5 000 year old tablets along the Euphrates River in modern day Iraq, they didn’t speak to their accountant. The tablets and the strange symbols engraved on them would bemuse scientists for the next 50 years until an archaeologist eventually determined that they …

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Accounting practices can thrive in disruption by championing the needs of SMBs 

By Pieter Bensch, Executive Vice-President, Africa, Middle East, Asia and Australia at Sage  Over the last two years, accounting professionals have helped businesses steer through the COVID outbreak, the unrest in July 2021, and recent KZN floods, supporting SMB resilience in difficult times. Now, they are challenged to help companies navigate rising inflation and interest rates. …

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Is it time for businesses to take Business Rescue seriously? 

By Ryan Smith & Lara Kahn, Partners at Webber Wentzel  If boards of directors put financially distressed companies into business rescue earlier, more options would be available, and more companies could be saved  Although fewer companies are commencing business rescue proceedings, the number of liquidations remains extremely high. With these numbers in mind, we believe …

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African accountancy profession is broadly optimistic about the economic future  

A ground-breaking study into the accountancy profession in Africa reveals 55% of accountants are optimistic about Africa’s economic prospects, but skill shortages, especially in the areas of technology and strategy are a major concern for respondents.   PAFA (the Pan African Federation of Accountants), ACCA (the Association of Chartered Certified Accountants), and PwC joined forces to …

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Three lessons for accounting resilience

This week Accounting Weekly looked at risk, resilience, and turning adverse situations into successful situations. These are three takeaways we got from writing the articles.  Be an early adopter  Since the first coder got his house-sized computer to display ‘Hello World’, digital technology has generated a fear narrative. Something along the lines of ‘They’re coming for …

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