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Create a cash flow friendly business
The term "Cash is King" rings true and is crucial for the survival of any business. Statistics have shown that 80% of businesses fail in their first three years due to a lack of support. Poor cash flow management is at the top of the list of issues that require support. What is cash flow management? In theory and simply put, cash flow management is: Cash coming into the business as early as possible, Cash exiting the business...
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South African Taxation Considerations of Virtual Currencies for Individuals
Background Cryptocurrency is a virtual or digital currency that can be digitally traded as a medium of exchange. Virtual currencies were designed to be a type of currency which is solely controlled by its individual user with peer-to-peer technology to operate and removes the central or commercial banks from the process. Although virtual currencies were originally designed as a type of currency, they are currently being treated as high-risk speculative investments due to their price volatility. Consequently,...
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