Blog

1

Understanding and achieving a healthy cash flow [Part 4/4]

by Genna-Lee Clark November 02, 2020

It is common for one to go straight to the balance sheet to see what the bank balance was at month end, however, it does not necessarily tell you how it came in or went out during the month.  Cash is the heartbeat of a business. A business requires cash to be able to pay its suppliers, vendors and employees, to be able to invest back into your own business so that you can grow.  The cash flow statement is the final article in our management report series.   

Read More
An explanation of the balance sheet for business owners [Part 3/4]

An explanation of the balance sheet for business owners [Part 3/4]

by Liesl Roos October 19, 2020

The balance sheet forms part of the management report pack that Creative CFO produces. Often, the balance sheet can be quite challenging to understand, so we have made it our mission to make it visually understandable. Every business owner wants to know that their balance sheet is looking good. But what exactly does this mean? Read part 3 of our 4 part series on management reports to find out.

Read More
A business owner’s guide to understanding and working with the profit and loss statement [Part 2/4]

A business owner’s guide to understanding and working with the profit and loss statement [Part 2/4]

by Suzaan du Toit and Ronald Stevens October 12, 2020

The profit and loss statement  (or P&L in accounting jargon) is arguably the central management statement for most SMEs, recording the majority of operational activities over any period of time, usually monthly. Ranging from the total revenue received to all the expenses incurred by the business over the period, the P&L is a treasure trove of information for any business owner. In part 2 of our 4 part series on management reports, we delve deeper into the profit and loss statement to find out why it is,  undoubtedly, an essential statement for any business owner. 

Read More

An introduction and high-level overview of the value of management reports [Part 1/4]

An introduction and high-level overview of the value of management reports [Part 1/4]

by Realm Chitando October 06, 2020

Management reports play a crucial role in weaving together the results of daily process, performance and reporting across all pillars of business. They present the big picture and provide the clarity that business owners need in an increasingly dynamic world. In this article, which is part 1 of a 4 part series, we introduce you to management reports and highlight the value that it adds to your business.

Read More
How cloud accounting made me enjoy the finance industry again

How cloud accounting made me enjoy the finance industry again

by Liesl Roos October 02, 2020

This is a topic that is very close to my heart and I am sharing this everywhere I go. A couple of years into my career as a chartered accountant I started to wonder if I was still enjoying working in the finance industry. I was busy with so many routine, tedious tasks that it felt like I was not growing and it did not feel like I was making a difference in other people’s lives. Find out how cloud accounting  made me enjoy the finance industry again and how it enabled me to contribute to businesses in a meaningful way. 
Read More
COVID 19: Working from home tax deduction

COVID 19: Working from home tax deduction

by Kate Bohm September 21, 2020

While the pandemic has forced many employees to work from home, you may be wondering if you now qualify for the home office tax deduction. We outline the requirements for employees to qualify below.
Read More

Unlocking the secrets of becoming investment ready

Unlocking the secrets of becoming investment ready

by Nicole Griffith August 11, 2020

Let’s say your business finds itself in a position where an investor has shown an interest in injecting cash into your company. The investor will usually want to see specific information about your business and essentially assess your business’s financial risk profile.  In this article, which is part 1 of this series, we are going to help you understand the process of determining your company’s risk profile.

Read More
NEW DESIGN - 2020 Tax Filing Season for Individuals

NEW DESIGN - 2020 Tax Filing Season for Individuals

by Kate Bohm August 04, 2020

In response to COVID-19, SARS has re-designed the 2020 tax filing requirements for individuals. Some material changes have been made to simplify the process and remove the need to visit SARS branches in an aim to become more efficient and observe social distancing. Get an overview of these changes here.
Read More
Financing your Company's Growth - Ask us how to take your business to the next level

Financing your Company's Growth - Ask us how to take your business to the next level

by Nicole Griffith July 06, 2020

So you've been thinking about growing your business and you're full of ideas. But then you start to think about financing that growth and the glow of enthusiasm dulls as the questions form in your mind. How much financing do you need? How do you get it? From where?  Financing always seems to come with mountains of paperwork, which doesn’t appeal to many business owners. But there is an easier way, which involves getting Creative CFO to help. Find out more here.

Read More

How to have successful team catchups and run effective meetings, remotely

How to have successful team catchups and run effective meetings, remotely

by Ian Meaker March 30, 2020

When working remotely one needs to put more effort and structure into coordinating teamwork, and ensuring each person can ask for help and get the support they need. Learn more about how Team Creative CFO has successful catchups and run effective meetings by following a specific format.
Read More
Introducing Creative Growth Systems

Introducing Creative Growth Systems

by Naomi Uys September 20, 2019

Creative CFO is excited to introduce Creative Growth Systems (CGS), our new systems-orientated business. Find out more about what CGS specialises in, why the change, and who will be affected.
Read More
Tax and Debt Management

Tax and Debt Management

by Kate Bohm June 03, 2019

Drowning in tax debt? Don’t owe the South African Revenue Service (SARS) the tax liability they say you do? Perhaps you don't even know whether or not you have a tax liability due. Deciphering tax assessments and managing tax debt can be overwhelming. SARS does, however, provide resources and channels through which you can gain a better understanding of your tax compliance status and tax liability. In addition, you can make certain applications or requests to SARS to manage your tax liability. We break these all down for you here.

Read More