The Accountants Firm - BAP SA

10/05/2020

Accounting Outsourcing Services for Farms and Agricultural Businesses

The agricultural industry – one of the prime industries of the world we know. Agriculture – ranging from growing crops, raising fish and animals, logging wood, encompassing farms, dairies, hatcheries, ranches etc. and a lot more to take care, nurture, sow and grow.

Agriculture is conducted by farmers and their family which generally lack of proper expertise in accounting domain. So there is no straight forward set of rules is followed in this domain for maintaining the accounting. However, it is important to maintain proper records, details, maintenance of accounts etc. for analysis of processes and research for improvement of the agricultural processes.

We, at The Accountants Firm are interested to guide and maintain the adequate inputs to the farmers and thoroughly disclose what to extend and how to deal with the factors affecting land, labour, and capital.

We help in classifying accounts to ascertain the cost of each crop, compare various crops productivity, profitability and measure the effectiveness of allied activities. We help to solve the difficulties of allocating various costs among different crops and other associated activities such as livestock poultry etc.

The main objective behind outsourcing of agricultural accounting can be turning a fixed cost into a variable.

Give us a call to help

0832090240

06/02/2018

The Bitcoin bubble have burst and lots of money are lost.

Lloyds Banking Group has joined major US banks in banning purchases of bitcoin and other cryptocurrencies via credit card amid debt and security concerns.

23/01/2018

Some good insight on Bitcoin and the risk.

Many signs and skeptics say bitcoin is a bubble. Its rise is drawing a lot of similarity to others, most notably 'Tulip Mania'.

18/01/2018

Be very careful when you’re investing in Bitcoin!!
WARNING and some advice: Do not invest your money if you are not prepared or can’t afford to lose it.

BITCOIN price could be set for another dramatic fall after Luxembourg's Finance Minister Pierre Gramegna suggested the European Union could soon unleash new cryptocurrency regulations.

15/01/2018

More than just Accountants have the right Firm to take your business to the next level of growth.

Success is Within Reach
OUTSOURCING FOR SMALL TO MEDIUM BUSINESSES

Outsourced Bookkeeping Benefits

Let’s look at bookkeeping as an example. As a small business owner you could try to handle all of your company’s accounting work yourself. It may be the cheapest option, but it may be more cost-effective to alleviate yourself from the responsibility of this and outsource it.
Here are five benefits to outsourcing your bookkeeping needs:

1. You can focus on building your business.
By outsourcing you will have the time to pursue other business opportunities rather than spending late nights doing bookkeeping tasks.

2. You can save money.
Outsourcing is the most cost-effective solution to your bookkeeping tasks. By letting an expert outside of your business take on these tasks you will only be paying for what you need, as opposed to getting someone in-house to complete these tasks.

3. You can free up some of your time.
By outsourcing your bookkeeping to a reputable company you can rest assured that the jobs will be done on-time and correctly. This will free you from the stresses of doing these tasks in-house.

4. You can consult an expert that is now available to you.
Outsourcing your bookkeeping needs will give you access to an expert who will be up to date on regulatory requirements and will be fully able to make sure the job is done correctly. In addition to this you will be able to get advice from these experts on a pay-as you-go basis; never paying for more than you require.

5. You can benefit from the best of both worlds.
Most business owners are glad to free up time spent on bookkeeping and leave it in the hands of an expert, who lives and breathes their job. By outsourcing your bookkeeping you will have more time to run your business but also have the security of knowing it is in safe hands.

11/01/2018

Make sure you understand the effect this will have on your investments into Bitcoin and the Capital Gain Tax.

www.accountinz.co.za

The South African Revenue Service (SARS) will clarify the tax implications of transacting in crypto-currencies like Bitcoin in either an interpretatio

01/12/2017

Success is Within Reach
OUTSOURCING FOR SMALL TO MEDIUM BUSINESSES

Outsourced Bookkeeping Benefits

Let’s look at bookkeeping as an example. As a small business owner you could try to handle all of your company’s accounting work yourself. It may be the cheapest option, but it may be more cost-effective to alleviate yourself from the responsibility of this and outsource it.
Here are five benefits to outsourcing your bookkeeping needs:

1. You can focus on building your business.
By outsourcing you will have the time to pursue other business opportunities rather than spending late nights doing bookkeeping tasks.

2. You can save money.
Outsourcing is the most cost-effective solution to your bookkeeping tasks. By letting an expert outside of your business take on these tasks you will only be paying for what you need, as opposed to getting someone in-house to complete these tasks.

3. You can free up some of your time.
By outsourcing your bookkeeping to a reputable company you can rest assured that the jobs will be done on-time and correctly. This will free you from the stresses of doing these tasks in-house.

4. You can consult an expert that is now available to you.
Outsourcing your bookkeeping needs will give you access to an expert who will be up to date on regulatory requirements and will be fully able to make sure the job is done correctly. In addition to this you will be able to get advice from these experts on a pay-as you-go basis; never paying for more than you require.

5. You can benefit from the best of both worlds.
Most business owners are glad to free up time spent on bookkeeping and leave it in the hands of an expert, who lives and breathes their job. By outsourcing your bookkeeping you will have more time to run your business but also have the security of knowing it is in safe hands.

29/11/2017

INDEPENDENT REVIEW AND ACCOUNTING OFFICER
The Independent Review is a new form of "audit" for qualifying South African (Pty) Ltd Companies which was legislated by the New Companies Act of 2008 and came into effect on 1 April 2011.
IN A NUTSHELL:
The Act has resulted in certain smaller sized (Pty) Ltd's qualifying for an Independent Review in place of a full annual audit. In practical terms this means that the Independent Review is likely cheaper and less complicated than a full Audit.
Contact the Accountants firm to see if your company qualify for Independent Review.
[email protected]

27/11/2017

FRAUD INVESTIGATION
Get two entrepreneurs in a room and chances are one, if not both, have been the victim of accounting fraud. Nearly half of all small businesses experience fraud at some point in their business lifecycle. It will cost these organizations an average of R100,000.00 to R500,000.00 per occurrence. Worse, such fraud is usually committed by a "loyal" employee
1. Payroll fraud.
2. "Double payment" fraud.
3. Over-ordering fraud.
4. "Friendship" fraud.
Contact us today and see how we can help you.

24/11/2017

Why Small Businesses Can Benefit From Outsourcing Payroll

Small business owners often think, when they start up a business, that small tasks like employee payroll processing won’t be a big issue. But many businesses find out that these tasks can become very complicated, very quickly. Here are a few reasons why outsourcing payroll services can be invaluable for small businesses, whether business owners are focusing on a brand new start-up, or have been struggling with employee payroll for a few years now.
• Many small business owners don’t have a substantial amount of training and/or experience with bookkeeping and tax regulations, through no fault of their own. People start their own businesses because they can efficiently accomplish something that other people want — not because they have exemplary accounting skills. Business owners shouldn’t feel embarrassed to outsource payroll-related tasks, since no one is expecting them to have extensive accounting knowledge.

• Even small payroll tasks can become complicated, especially during tax season. Processing the payroll for a few employees can become extremely convoluted as business starts expanding and more employees are added onto the payroll. A smart business owner shouldn’t hesitate to hire more employees because of internal payroll issues.

• Small mistakes can be very costly, and this can affect small businesses tremendously. Small businesses already have little extra financial income to spare, so even small fines can add up and hinder the growth of the business.

• Small businesses need to allocate time and money wisely, meaning that managers and owners shouldn’t be wasting time on tasks like payroll processing or other sensitive HR issues. When a professional service handles the payroll for small companies, every employee in the company can focus on the core of the business. Professional payroll services often give companies support that goes beyond basic payroll management, including many HR- related issues.
All businesses have one thing in common: regardless of the services they provide, they all have to pay employees. Many small businesses find that outsourcing payroll is worth every cent, and helps the business very much in the long run.

We help businesses to reach their goals and make sure that the financial functions are done accurate. So you can focus on running your business.