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What is VAT?

So what is VAT? A value-added tax (VAT) means that consumption tax is added to a product at every stage of the production chain because the value is being added to the product. Revenue is raised for the South African government by requiring certain businesses to register and charge VAT on supplies of goods and services.

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Cloud-based accounting systems and your business.

There are still many outdated systems out there that are soon going to become redundant. In this interesting time, we found ourselves in. Many businesses have been tested in the continuity of their operations with the rise of the COVID-19 pandemic. How much anxiety did it cause you to move your staff off-site? What impact is it having on your business socially and economically? Were you able to continue? Have you considered cloud-based accounting systems as a place to start?

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