+27 87 821 7110 
melissa@mjacc.co.za
Benjamin Franklin once said that the only thing certain in this world is death and taxes and while it is extremely difficult to deal with the loss of a loved one, it is important to understand the tax consequences of death. When a person passes on, all their assets are placed into an estate. These […]
Tag Archives: annual financial statement
29
May
May
In this month’s column we explain the importance of Gross Profit (GP). This is a very important number and metric that every business owner should track on an ongoing basis in their business. Lets start by explaining what gross profit is – it is the profit made after deducting the direct costs of producing or […]
29
Mar
Mar
In this blog, Suné Alexander talks about the importance of financial audits and why you should choose MJ Chartered Accountants as your auditor In simple terms, financial auditing is the process of examining a company’s financial records to determine if they are accurate and in accordance with the applicable accounting standards (IFRS or IFRS for […]
01
Feb
Feb
In this blog, Melissa Jacobs explores the importance of your Annual Business Budget With most businesses approaching their financial year end at the end of February, it’s a great time to start thinking about and preparing your annual business budget for the forthcoming financial year. From experience we have seen that very few businesses, especially […]
15
Jan
Jan
Crest met with and interviewed up and coming Gillitts based accounting firm MJ Chartered Accountants business owner, Melissa Jacobs. Q – Tell us a bit about MJ Chartered Accountants I started the business in 2013 after leaving corporate. We are an outsourced accounting practice that offers the full range of accounting services to the SMME […]
15
Dec
Dec
Last month we celebrated our 9th birthday. Considering the failure rate of small businesses is so high (around 80%), we are delighted to have not only survived the statistics but are thriving as a business. Starting a business from scratch is never easy and that’s why we can relate so well to our business owner […]
01
Sep
Sep
What are annual financial statements and who needs them? Annual Financial statements provide an overview of the financial position and performance of a business and include an income statement, balance sheet, cash flow statement, statement of changes in equity as well as other important disclosures and notes. Section 30 of the Companies Act, Act 71 […]
03
Aug
Aug
Having engaged a number of new audit clients over the last few months, it has become clear that a number of business owners do not understand the rules and requirements around their annual audit and so we are using this article to unpack the high level requirements. In the old companies act, it was a […]
