After spending over a decade helping African businesses streamline their accounting processes, I’ve had countless conversations about the challenges business owners face post-VAT implementation. The complexity of managing finances while staying compliant with ever-changing regulations is something I understand deeply. Handling accounts after the birth of VAT has been a difficult task for businesses in…
I’ve spent years talking with business owners from Cape Town to Lagos to Nairobi, and the story is always similar: “QuickBooks just doesn’t quite work for us.” Whether it’s the pricing that makes you wince, the lack of local support when you need it most, or missing features critical for African tax compliance, the struggle…
Listen, I’ve been there. Picture this: It’s 2 AM in Cape Town, the power’s been out for three hours thanks to load shedding, and I’m desperately trying to access our accounting data from Tally ERP9 on my phone. Nothing. Absolutely nothing. My laptop’s dead, the desktop at the office is useless without electricity, and here…
Do you know the often overlooked yet highly influential tool crucial for a thriving business? In this QuickBooks vs ZohoBooks guide, you will. Last year, I consulted with several African businesses struggling to find accounting solutions that truly addressed their unique regional challenges. What became immediately clear was that the “big name” global solutions weren’t…
Do you know the often overlooked yet highly influential tool crucial for a thriving business? In this Odoo vs ProfitBooks guide, you will. It’s a well-designed and effective software catering to various business needs. Optimal accounting software ensures financial management excellence, which is vital for business success. If you’re new to business accounting software, you’ve…
South Africa has a Value-Added Tax (VAT) regime, which is set at a fixed rate of 15%. VAT can be added and subtracted from any bill, invoice, PO, etc., while a taxable transaction takes place. In this article, we will cover what South African VAT is and how you can calculate VAT in South Africa.…
The Black tax in South Africa is essentially the financial burden carried by successful Black individuals who support less affluent family members. It involves transferring money from middle-class or prosperous Black individuals to relatives facing financial difficulties. This term not only encompasses financial transactions but also highlights the challenges faced by the well-off family member.…
When you officially register a business, you’re essentially documenting its name, purpose, and other crucial details. This process comes with some neat perks, such as establishing a strong identity for your business and boosting its credibility. I’ve heard this question countless times from entrepreneurs looking to establish a presence in East Africa’s business hub. Kenya’s…
Ever caught yourself reviewing a payment and wondering why the amount received is less than what was agreed? If you’re doing business in Kenya, chances are you’ve encountered withholding tax in action. As a business owner working with African entrepreneurs for over a decade, I’ve seen firsthand how withholding tax affects cash flow and financial…
Ever found yourself staring at a VAT registration form, wondering if your business even needs to register? Or maybe you’ve been hit with that dreaded realization that you’ve crossed the registration threshold and have no idea what to do next? I’ve been there, and so have countless South African business owners I’ve worked with over…