Why businesses tend to fail...

While many business owners / managers offer superior products and excellent service, a large percenatge of businesses fail within the first two years.

It has been shown that failure of businesses can often be attributed to the following:

lack of management skills
poor understanding of cost structures, product placement, market analysis and lack of an effective business plan.
lack of financial skills, with an accompanying lack of accurate financial reporting and regular expert financial advice.

"Non-productive" costs such as administration, management accounting, tax and regulatory compliance, legal and auditing costs are often seen as unnecessary and cut back on or ignored altogether.

Cost-cutting on essential accounting an administration services can cost you your business or your personal financial freedom.

Avoid financial disasters such as:

Penalties and interest charges arising from underpayment of VAT and PAYE.
Criminal charges or convictions for non-compliance with regulations
Declined finance applications as a result of insufficient accurate and reliable financial information
Inability to sell business /e loss of value as a result of insufficient accurate and reliable financial information
Additional costs as result of SARS audits of Income Tax, VAT and Payroll submissions