+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: personal finances
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 […]
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 […]
11
Nov
Nov
As we approach the end of the year, it’s a good time to review and take stock of your personal finances. When it comes to South Africans and their personal finances, research suggests 2 startling facts: No matter what your current personal financial situation is, it is never too late to make some changes that […]
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 […]
08
Jul
Jul
As we approach the end of the year, it’s a good time to review and take stock of your personal finances. When it comes to South Africans and their personal finances, research suggests 2 startling facts: South Africans on average spend 75% of their take home pay on repaying debt; and Only 6% of South […]
