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Latest updates and events from Accensis

Hostile takeover : Elon Musk's Twitter victory raises ethical concerns

Tesla and former Paypal bad-boy Elon Musk has recently taken the bull by the free-speech horns after cementing his leadership at Twitter. BPO Manager Kavika Singh explains the straight-out-of-a-textbook hostile takeover that's been making headlines.

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KZN floods : crunching the numbers

Following the devastation of the KZN Floods, BPO Manager Nompilo Hadebe takes a look at the cost of the natural disaster and what effects it has had on the community as we continue to rebuild the province.

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Freedom month wrap-up: There is no freedom in an uncertain future

Wrapping up Freedom month, marketing consultant Deepika Naidoo reflects on the KZN floods, decades-long inaction regarding service delivery and how this affects our freedom 28 years after the first democratic election in South Africa.

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The will not to die - a decade after surviving cancer

Saddled with the diagnosis of stage 3 lung cancer ten years ago, director Suresh Naidoo reflects on his journey of lessons and recovery after his encounter with 'The Big C'.

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How to leverage algorithms for your business

Algorithms are the future of data processing, creating endless possibilities for businesses of all walks of life. Director Muhammad Umar Karim explains how to implement algorithms in your enterprise, and benefit from their potential.

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The POPI Act : Everything you need to know about Information Officers

Did you know that your business needs an Information Officer? Following the introduction of The Protection of Personal Information Act in 2021, Audit Manager Xolane Makhubu gives you the run down on everything you need to know about the POPI Act for your business.

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What's up with SARS mandatory lifestyle audits?

Measures to remedy corruption in South Africa are underway following the government's vow to heal the country. Tax Manager Slindile Phakathi explains what's up with the new mandatory lifestyle audits from SARS, which will soon be compulsory for all national and provincial departments.

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Human Rights Month Wrap Up - We Are Still Far From The Finish Line

Human Rights' are still a foreign concept to many citizens of South Africa, even after we have spent the last month honouring those who sacrificed their lives for our fundamental Rights.

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The Economic Impact of War

As the Ukraine-Russia conflict rages on, BPO Manager Kavika Singh provides analysis on the socio-economic effects of a war on the globe today.

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The impact of the increase in petrol and electricity prices

South Africans have been told to brace themselves for more increase in petrol prices, just when we were digesting the shock of the rise in electricity costs. It is all downhill from here.

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Why do NFTs have the potential to hurt our environment?

If you've lived under a rock or are just unaware of what's had the internet by storm, the world is obsessed with the latest in blockchain news – NFTs. Cryptocurrency fans and art enthusiasts alike have been curious about the latest online investment.

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Keeping it in the family: What makes for a successful family business?

Over the decades, servicing many successful family businesses, I have picked up valuable lessons on what attributes and values set them on the path to success.

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Top Tips for Working from Home (Henderson Loggie)

Try and do some of the things you would normally do to prepare for coming into the office: set your alarm, make a cuppa and get dressed. It may seem simple but just a few tasks to start your day can prepare you psychologically to start work.

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Disruptive Innovation – Algorithms are a key tech toy for business

A ‘secret currency’ has helped many of the world’s most prominent organisations scale beyond their wildest dreams. The world’s top tech companies use it to not only rise to the top of their field but to build long-lasting dynasties and become legendary.

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Invest ahead with NFTs

The people, tech, trends, and strategies enable investors to prepare for their long-term financial future. Non–fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. So, what's behind this latest trend?

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Pen Testing: What Is It and Why Is It Used?

What is the state of information security in your organisation? A pen test is a tool that helps you gain more insight into this. This article explains what a pen test is, how it works, and the importance of pen tests to ensure the security of information at your firm.

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Where to stock? The fools guide to understanding the stock market.

Trading on the stock exchange yields high returns for individuals, some owing to their success in their investments. However, it can be daunting for novices afraid of the uncertain results and not knowing where to begin putting their money.

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South Africa Hikes Key Interest Rate to 4%

The South African Reserve Bank changed the “repo rate” on 27 January 2022. The South African Reserve Bank lifted its benchmark repo rate by 25 bps to 4% at its January 2022 meeting, as widely expected.

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Carbon Tax and The-Polluter-pays Principle

South Africa is the 14th largest greenhouse gas emitter in the world. The main contributors being the energy and heat, transport and manufacturing and construction sectors. This is rather concerning considering the current heightened awareness around conservation initiatives to save our people and planet...

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Working from home - the impact of COVID 19

With the pandemic sweeping the world, COVID-19 has rendered a large proportion of the workforce unable to commute to work, in an attempt to mitigate the spread of the virus. This has resulted in both employers and employees seeking alternative work arrangements.

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The Family Business: A Succession Plan is Key to Legacy

One of the most pressing challenges facing a family-owned business is passing the baton from one generation to the next. When it comes time to pass the torch, the process of choosing a successor(s) should start years in advance of the actual cutover date.

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South African Revenue Service (SARS) Important Dates

The following basic tax calendar has been developed to provide a guide for taxpayers, outlining the key deadlines that taxpayers need to follow to maintain their compliant status with SARS and to avoid interest and penalties.

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Optimisation of Data Analytics

The global pandemic is now into its 3rd year and with that we have seen many changes and one that is very much talked about is to do with the change in online shopping and online businesses.

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Deceased Employee – responsibility of the Employer?

If an employee or co-worker passes away, it can affect other employees and the workplace.

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Cryptocurrency

Have you ever heard the terms cryptocurrency, blockchain or Bitcoin and wondered what are these or how do they work? In this article I’ll be explaining some of these terms and what they are.

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7000 BOOKS DONATED TO HIGH SCHOOLS IN THE COUNTRY

Breakthrough is an accessible and authoritative account of the power struggles and secret talks that led to the formal negotiations between the ANC and the NP government, written by Mac Maharaj and Z. Pallo Jordan, two ANC veterans who were close to these events.

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What Should I Do In The Event Of Adverse Economic Conditions?

In adverse economic conditions, it is important to critically consider both the finance options open to you and your company itself...

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Accounting For Climate Change

The threat of climate change on the global economy could not be more glaring as climate and weather-related disasters surge. According to the United Nations, greenhouse gas concentrations are at record levels and the planet is on a path to overheating.

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The effects of the unrest in SA

Bringing the country to its knees, the civil unrest which occurred in July 2021 was sparked by the imprisonment of former president Jacob Zuma.

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Big 4 Governance, Needs an overhaul!

The Big 4 audit firms are essentially private enterprises that are owned and managed by their partners or directors, depending on whether they are structured as an incorporated company or partnership.

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PrimeGlobal Asia Pacific Region Reports Growth

In an interview with the International Accounting Bulletin, PrimeGlobal CEO, Stephen Heathcote, looks back on the association's remarkable growth in the Asia Pacific region over recent years. . .

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Empower your future...

Being a pageant queen is more than about the looks, it is personal development and finding your purpose.

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Digitalisation…

Digitalisation is the use of digital technologies to change a business model and provide new revenue and value-producing opportunities.

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PrimeGlobal Honored

PrimeGlobal is proud to announce that we have won the Sustainability Initiative of the Year, the Diversity & Inclusion Initiative of the Year, and the Communications Campaign of the Year awards at the International Accounting Bulletin (IAB) Digital Accountancy Awards.

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Workplace Wellness

Why Workplace Wellness is Important. Employee health affects more than just medical costs. A healthy workforce is a more productive workforce.

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Remote Audit - Is this the way of the future?

The spread of covid- 19 which reached our shores early March 2020, had many of us unprepared resulting in the world becoming chaotic and everyone trying to scramble.

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Navigating the rapids of Multi-funded NPO’s

The first house that I bought was on the banks of the Umgeni River. On a January Saturday we all went out to watch the Dusi participants come in on their way to the finished at the Blue Lagoon. I used to follow the race from start on television and was in awe at the skills required by the canoeist to navigate these waters. Rapid water flows from starboard, from port and rocky outcrops ahead.

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Impact of COVID-19 on Tax Professionals From Underrepresented Communities

More than 300 tax and accounting professionals were surveyed from various countries and backgrounds in June 2021 to gain insight into how COVID-19 affected diversity, equity, and inclusion (DEI) efforts and those in diversity lead roles, as well as the impacts of the pandemic on individuals in underrepresented gender and ethnicity groups.

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To Outsource or Not To Outsource?

The age-old strategic paradigm debated by most businesses in the pursuit of generating cost efficiencies and redirecting focus to value adding activities has regained its popularity, particularly with finance, accounting and IT functions

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5 Ways to Use Technology in Your Business (Lutz)

Technology has transformed the way many businesses operate. According to the 2018 Digital Transformation Index, 77% of businesses describe their relationship with technology as average or above average.

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Email Attacks Are on the Rise – 9 Layers of Email Security

In the past month, there have been several reports of businesses being compromised by malicious emails. It only takes one member of your staff to click a bad link for hackers to access your network and data.

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Unemployment rate South Africa

With a staggering 34.4% (7.8 million) of unemployment in South Africa and the youth of SA ages, 15-24 years making up 64.4% of the overall percentage. It is worrisome to be facing such an issue in a pandemic.

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Every company needs to have a valuation model

Listed entities know the value of their company by reference to the share price on the stock exchange(s) that they are listed on. The directors then make decisions that will enhance the value of the shares and will avoid making any decisions that will devalue the shares in any way.

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The Strategic Imperative for ESG Reporting by David E. Kolan, CPA (BPB)

Consumers’ passions to live more socially conscious, environmentally responsible lives has seeped deeper into the corporate world, where companies are now expected to address their impact on these societal issues with the same level of enthusiasm as its customers and investors.

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Tax returns and The Filing Season

It is that time of year again where we edge closer to the e-filing deadline date for individual taxpayers tax return submissions. Now the question on everyone’s mind is… “Working from home, do I qualify for any home expense deductions”?

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Should You Invest in Cryptocurrency?

This is a Thought Leadership article by PrimeGlobal member firm Buzzacott which reviews whether it is the right time to invest in cryptocurrencies.

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A Social Justice and Nation Building (SJN) for corporates?

When I heard the testimony of Ashwell Prince, Paul Adams, and the other brave cricketers, it resonated with me in a deep and moving way...

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PrimeGlobal Insight: Post Pandemic Work Culture

The COVID-19 Pandemic has changed the way we work. With many businesses struggling to find the right balance between working from home and flexible work arrangements...

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Muhammad Umar Karim as New Director

Accensis recently had pleasure in announcing the appointment of Mr Muhammad Umar Karim as director from 1 September 2021...

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Facebook Gives Back to Creators

An interesting turn of events as Facebook’s founder and CEO, Mark Zuckerberg announces that Facebook will be giving back to its creators...

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The modern day auditing profession and its challenges

Audits have evolved from routine checklists to a vital part of a company’s governance process...

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The impact of IFRS 16 on financial statements

Are you aware of the implications of the IFRS 16 on your annual financial statements? Below is an overview, providing insight into the implications of IFRS 16 on your business...

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