Author Archive

Our Mission

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Our Mission

To provide value adding skills and tools through superior training and engagement that enables our clients to become more financially skilled.

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Our Vision

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Our Vision

To provide Practical Skills & Tools to Small and Medium sized Businesses and individuals, in order to Effectively Utilise Accounting Data to manage their business or area of operation, and to effectively manage their tax obligations, both personally and professionally.

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Our Clients

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Our Clients

Biz Facility has provided ongoing training to staff of PEP, McDonalds, Woolworths, Standard Bank, Nedbank, Vodacom, Western Cape Government, Tshwane Government, Dept of Statistics, and many more.

 

In-house specialized financial training to staff requirements is also offered.

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Oil as a major risk to global growth

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Recent times have identified oil as a major risk to global growth if Middle East events were to get out of hand, pushing oil prices substantially higher and eroding real consumer incomes, a replay of 2011 (when prices rose $30 during the Arab Spring and Libyan Interlude) but only much bigger (fears of $30 to $100 spikes).

Seeing that the global oil demand/supply balance is in any case very tight today, the slightest disturbances can intensify the upside drift in oil ...

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Taxation implications from the Finance Minister’s speech on the 22nd February

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TAX Highlights – 2012 /13: Budget speech 22 February 2012

The following are the main taxation implications from the Finance Minister’s speech on the 22nd February.

  1. 1. Tax thresholds:

Have increased as follows:

  • < 65 years of age: R 63,556
  • > 65 and < 75 years of age: R 99,056
  • > 75 years of age: R 110,889

In other words, any taxable income of less than the above thresholds will result in the individual not being liable for any taxation.

  1. Dividend withholding tax (DWT):

Effective 1 April 2012, at ...

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Medical Aid Tax Guide

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Medical Aid Tax Guide

Medical Aid Tax Guide

 

Download your copy of the Medical Aid Tax Guide

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Understanding Financial Statements

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Understanding Financial Statements

Understanding Financial Statements

Financial Statements – are they relevant to my business ?

July Update Written by:  Gavin Beretta FCIS, MBA, CMT – Partner / Lecturer of Biz Facility

Over the years, I have come across many a practitioner / entrepreneur who runs their practice / business and yet rarely glances at their annual financial statements – those things you do for SARS, or possibly the bank manger, but which cost you an arm and a leg.

Just the other ...

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Financial Health Analysis Workshop

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Financial Health Analysis Workshop

Financial Health Analysis Workshop

1/2 Day Practical Workshop

Objective of the workshop: To make your financial statements a real working tools to assist you in running your business more effectively. To enable you to understand where your business is financially.

Biz Facility now offers a half-day workshop, were clients can analyze their business with the assistance of a registered Accounting Officer.

The workshop takes the Bizfacility “Financial Analysis workbook” and ...

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SARS Tax Returns

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SARS Tax Returns

SARS Tax Returns – The Season is Officially open

Hi Everyone

Please note that the above tax season is now officially open – and to avoid the rush, I suggest that you begin liaising with your tax practitioner to assist in completing your tax returns, both personal, as well as that of your company / business.

Please note that provisional tax returns for the 2012 year, are also due at the end of August.

We do offer SARS tax returns ...

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10% Discount – Understanding Financial Statements Workshop

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10% Discount – Understanding Financial Statements Workshop

Bizfacility is offering a 10% Discount Voucher for anyone looking to Attend our most popular workshop:

Understanding Financial Statements

Are you making profits, but cannot understand why the cash is not in the bank?

Many business owners struggle in understanding how to use the Financial Statements generated by their accountants, to make effective business decisions.

This 2 day practical workshop will help business owners, managers and bookkeepers understand their business better, and using simple but effective tools, pinpoint where the issues are ...

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