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Profit

The Profit First Business Model: Could it Work for You?

The Profit First business model flips a century-old accounting formula on its head. Instead of Sales minus Expenses equals Profit, small business owners take their profit first and let expenses shrink to fit what remains. Created by entrepreneur Mike Michalowicz, the system uses multiple bank accounts and fixed percentages to force discipline. For struggling entrepreneurs drowning in overheads, this counterintuitive approach may be the key to lasting financial control.

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Trust tax

Trust Tax Season 2026 Is Now Open

SARS has confirmed that tax filing season for Trusts opened on 19 September 2026, with the closing date set for 22 January 2027. This year brings important enhancements to the ITR12T trust return which takes place against the backdrop of SARS's administrative non-compliance penalty framework for trusts, which came into effect on 4 May 2026 and applies to outstanding trust income tax returns for tax periods from 2024 onwards. Trustees remain accountable for all trust tax matters, regardless of economic activity, so please read this article carefully.

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Accounting day

Unlock All the Benefits of Accounting This International Accounting Day

International Accounting Day, observed on 10 November, marks the date Luca Pacioli, the Father of Modern Accounting, published the first detailed description of double-entry bookkeeping in 1494. This day recognises the indispensable role accountants play in supporting businesses and economies worldwide: from ensuring compliance and managing cash flow to enabling strategic growth and detecting fraud.

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Death of cash

The Death of Cash is Taking Longer Than Expected and Here’s Why

Cash was supposed to be on its deathbed. Instead, notes and coins are still changing hands every day, from spaza shops and taxis to supermarkets and small businesses. Digital payments are growing rapidly, but the latest data shows that cash remains deeply embedded in Mzansi’s economy. So why has the cashless future taken so long to arrive?

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