Level Up Your Business: Why a Pty Ltd Could Be Your Next Power-Up

Are you ready to Take Your Business to the NEXT LEVEL?

If you’re a South African entrepreneur rocking the sole proprietor life, you might be wondering if it’s time to level up to a Pty Ltd. 

It might sound fancy, but it’s a serious move that can unlock a world of benefits for your business.

Let's break it down:

1. Protect Your Personal Assets

As a sole proprietor, your personal assets are on the line. 

If your business runs into trouble, your car, house, and savings could be at risk. 

 

A Pty Ltd, on the other hand, is a separate legal entity. 

This means that if things go south, your personal assets are shielded. It's like having a superhero suit for your business!

2. Boost Your Credibility

A Pty Ltd instantly gives your business a more professional and established look. 

It shows potential clients, investors, and partners that you’re serious about your business. 

It’s like upgrading from a casual outfit to a sharp suit.

 3. Tax Benefits

While you’ll need to consult with a tax professional, a Pty Ltd can offer certain tax advantages. 

It can sometimes be more tax-efficient, especially if you have multiple income streams or significant business expenses.

 4. Easier to Raise Capital

Want to expand your business or launch a new product? 

A Pty Ltd makes it easier to attract investors and secure loans. 

It's like having a stronger credit score for your business.

 5. Succession Planning

Planning for the future of your business? 

 

A Pty Ltd makes it easier to transfer ownership or bring in new partners. It's like having a solid succession plan in place.

 

So, is a Pty Ltd right for you?

If you're looking to:

•  Protect your personal assets
  
  
•  Enhance your business's credibility
  
  
•  Take advantage of potential tax benefits
  
  
•  Raise capital
  
  
•  Plan for the future

Then, a Pty Ltd might be the perfect move.


 

Remember, while a Pty Ltd offers many advantages, it also comes with additional responsibilities and costs. 

It's always wise to consult with a business advisor to make an informed decision.

Ready to level up your business? Let’s make it happen! 

Click Here to Check Pricing or Click Here to Request a Quote!

 

 

ABOUT THE AUTHOR:

The author, Christine Livingstone is a businesswoman and ministry leader based in South Africa, known for her talents in teaching, content creation, graphic design, and business acumen. 

No part of the content on this blog may be reproduced without written permission from Christine and full accreditation.

For permissions and accreditation, please contact Christine via the contact link on this blog or any of her websites. Copyright (C) 2024 https://www.christinelivingstone.com, All Rights Reserved.

 

 

 

How to Reduce Bookkeeping Fees

 

Hi Everyone!

Here's a handy tip for your business = how to cut down on bookkeeping and accounting fees.

All business owners need to keep an eye on costs, that's a fact.

One of the costs that can build up is your bookkeeping and accounting fees.

 

Cutting costs is often just a matter of:

• Restructuring slightly if you are hiring internally, or
  
  
• Reallocating responsibilities, and possibly changing data delivery types if you are outsourcing.

 

If you are hiring internally and your accountant's salary is earmarked for reduction, here are some of the things you could think about implementing:\

1. Reducing your accountants hours AND workload.  e.g. perhaps change your accountants contract to mornings only, and distribute the simple repetitive admin tasks to a lower paid clerk.
   
   
2. Hybrid outsourced solutions.  Reduce your bookkeeper to mornings only, and outsource your annual work.
3.  

Outsourced bookkeeping and accounting can save you huge amounts of money in the long run, if you have the correct scope of work structure. For example:

1. Your existing clerk can do all the basic repetitive bookkeeping admin.  I love to train my clients' staff to do this - it reduces how much I charge my clients and its rewarding to see the excitement when they see their monthly business costs decreased.
   
   
2. Change the format of the data you supply to your bookkeeper.  For example, if you normally send your documents in hard copy to your bookkeeper, you can save your bookkeeper many hours of work by sending your bank statement in CVS or pdf format.  This in turn reduces fees charged to you. 
   

 

I hope you find these simple tips useful!  Feel free to contact me for any queries.

 

Thanks!

Caz Livingstone
Your Business Helper

AccountsPro Solutions

R200 DISCOUNT OFF WEBSITE PACKAGE! Was R799, now only R599! Valid until 7 May 2023.

 

 

 Hi Everyone

I'm delighted to offer you or any of your friends this discount!  

My normal price for Core Website Package is R799 once off; 

BUT BUT BUT --- the first 10 people who order and pay now get R200 discount - - -

which means they only pay R599!!

 Please note that the package doesn't include domain and hosting fees - if you don't have a domain and a host, then I can organise those for you from around R100 per year and R50 per month approximately.

Click Here to read what the Core Website Package includes. 

Click Here to get links to some websites I've made.

To claim your discount, do this:

1. Click Here to go to the order page.
   
   
2. Click the green ADD TO CART button
   
   
3. Scroll up and click the SHOPPING CART LINK - top right
   
   
4. In the COUPON BODE BOX type in the following coupon code: WBD2301
   
   
5. Click APPLY to the right of the coupon code box.
   
   
6. The price will automatically be adjusted.
   
   
7. Click CHECKOUT button
   
   
8. Fill out your details on the next page.  Don't forget to click to accept the terms and conditions.
   
   
9. Click the NEXT STEP button.
   
   
10. Confirm all the details are correct on the next page.  Choose DIGITAL PRODUCT for the shipping method.
    
    
11. Click the NEXT STEP Button.
    
    
12. Check again that everything is correct.  Click the BANK TRANSFER button.
    
    
13. A pop up page will appear with payment instructions and other notes
    
    
14. Make your payment via EFT using either your invoice number or your phone number as a reference.
    
    
15. Once the payment is clear, I will contact you via email or WhatsApp to plan your website design and work dates!
    
    
16. That's it! 
    
    

Feel free to drop me a message any time via WhatsApp or Email.

 Thanks!

Caz Livingstone
AccountsPro Solutions
Your Business Helper

 

 

 

𝐘𝐎𝐔'𝐑𝐄 𝐈𝐍𝐕𝐈𝐓𝐄𝐃!

𝐑𝐄𝐕𝐈𝐕𝐄 𝐒𝐂 𝐄𝐕𝐄𝐍𝐓

ᴡʜᴇɴ:  

Saturday 1 April 2023

ᴛɪᴍᴇ: 

11:00am to 5:00pm

ᴡʜᴇʀᴇ:
Port Shepstone Country Club
KZN, South Africa

ᴡʜᴀᴛ:
𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙋𝙚𝙤𝙥𝙡𝙚:
2 Hour Workshop and Networking during lunch

𝘾𝙤𝙢𝙢𝙪𝙣𝙞𝙩𝙮:
2 1/2 hour exciting launch of UCA, Ugu Community Alliance.

ᴍᴏʀᴇ ɪɴғᴏ:
https://www.accountspro.co.za/EV771-ReviveSCApr2023/

𝙋𝙇𝙀𝘼𝙎𝙀 𝙎𝙃𝘼𝙍𝙀!

 

Free Business Tips Events - Get on the Invite List Now!

 

NOTICE!

Please note that we are planning to do regular free online business events for small business.

These will be 30 to 40 minute events designed to bring tips and how-tos to small business people.

 These workshops or events have a wide range of topics, including marketing, online presence, administration, systems, finance and more.

We currently charge between R150 and R300 per seat for this type of event - but we will be offering free seats approximately once a month.

 

 

 

Here is a list of candidates who qualify to attend this type of event:

 

• Work from home
• Self employed
• Employed part time, self-employed part time
• Affiliate marketers or commission based
• Small business online
• Small business offline
• Sole proprietor
• Small Pty Ltd
• Start ups
• Pre Start-ups
   

If you are not sure that you qualify, Click Here to contact us and find out.

To get on our invite list, simply subscribe to our mailing list HERE. 

To suggest a topic for one of our future events, CLICK HERE. 

Please share this post!

Revive South Coast April Event Coming Up

Welcome!

We are organizing monthly community events with Ugu Community Alliance, to help lift up the South Coast of KZN, South Africa.  The event will be for both the business and the public community.

The event will be open to the public and will include two fund raiser functions and the UCA launch function.

This means there will be three functions happening on the same day at the event.

 

 

  2 HOUR MORNING BUSINESS WORKSHOP 

The second fundraiser a 2  hours business workshop in the morning followed by a business networking
time.   

The topic of the workshop is "How to make sure Your Clients Pay You".  

You will learn valuable business methods, which you can IMMEDIATELY implement to help you collect what is yours.  

After the workshop, you will have time to socialize and chat with the rest of the business people attending, introduce your business to them and swap your business cards. 

 

We will have a lunch break for an hour or so, and in the afternoon we will have the UCA Launch event, open to the public.

Anyone can attend, whether you are representing a person or a self-employed person working from home.

 UCA LAUNCH FROM 2:30PM

  Now let's talk about WHY we need to   grow UCA.   

  Anyone who has lived in the South Coast knows first hand the issues we are having locally ...

 including filthy area's, bad road works, water woes, power woes, inconsiderate mini-taxi drivers  - and more. 

 

  

For whatever reasons, it is clear that the municipal organizations in charge of these things are simply not coping.

It's time for our community to make a stand and DO something about it.  

UCA has a unique proposal for the entire South Coast - a way we can ALL get involved in some way.

UCA'S motto is EXPECT ACTION. Something needs to be done to save our beautiful area.

We invite you to come on board and see how you can GET INVOLVED WITH THE ACTION.

If you would like to vent and and listen to this amazing new concept by UCA, be sure to book your seat.   

Attendance to the UCA Launch is free to anyone.  

 

Click Here to view Event Info and how to book

 

 

Thank you!

Caz Livingstone
Event Organiser

I'm Impressed with how Accounting Software has evolved

I was reflecting today about how, over the last 40 odd years, accounting record methods have evolved.

Here is a trip down memory lane for you:

At the tender age of 19 I decided I wanted to know how to do accounts, because I knew I would be in business someday....I thought that if I knew how to do accounting then .. nobody could cheat me out of my money. (How naive I was - and that's another story for another day!)

I enrolled with ICBA (International College of Bookkeeping and Accounting) in Zimbabwe, and embarked on a 3 year course to learn all things bookkeeping and accounting. I did this by distance learning, at my own page. I had to write 3 international Pitman of UK exams, and I aced them all with an average of 95% each.

During that time I started working at Coopers and Lybrand in Harare, Zimbabwe as a junior accountant. I worked there for almost three years before moving on to Arthur Young, Ernst and Whinney in the same city.

 

All bookkeeping was done manually. And I mean manually.  

We wrote by hand all records onto graph
paper or into specially printed books with columns to use for analysis.  

We had specially printed books to use as general ledgers, trial balances, profit and loss and balance sheet reports.

 As you can imagine, having neat and fast handwriting was of paramount importance!

6 months after starting work with Coopers, I recall that computers had just arrived in the country, and they were a complete mystery. 

We had the great big galumphing box placed in a special room. 

 It had to be warmed up for about 30 minutes, before a large 8 inch floppy drive was put in. That was called the boot drive. 

It's entire purpose was to launch the operating system. The operating system was called MS DOS.

 Right next to it was another slot for another 8 inch floppy drive.  

That was the data drive, where we captured all clients records. This data drive had an accounting program called AccPac loaded on it.  It was the only accounting software known to mankind in Zimbabwe.  If you knew how to use AccPac, you were worshipped and head hunted.

Before you could use any floppy drive as a boot disc or a data disc, it had to be formatted on that huge box. 

The floppy drives were not compatible with any other computer; this means that if you formatted the
data drive on that one box, that is the only box it could be used on. 

You could not take the floppy drive to another persons computer and slot it in. It would not be recognised.

So that box was guarded 24/7. If that box broke, you lost your business data.

We only had telexes, not internet.  There was no networking either, which means no other computers to connect to that box. Only one person could use that computer.

 

We had one data capture lady who sat and typed in all the data for all our clients accounts the whole
organization.  

The screen was dark green and the text was yellow. there was no mouse, everything was done with the keyboard and the arrow keys. 

The data would be corrupted often and had to be recaptured if the backup drive also corrupted.

Therefore, we were diligent to ensure we had plenty of manual duplicates of the data and printed copies of everything.

You can imagine the chaos and extra hours accountants worked, to ensure accuracy of data!

Eventually, local networking was introduced, and us junior accountants were trained to use the software and capture the data. BLISS! 

 But there were endless headaches, like corrective journal entries.  You could not undo a transaction like you can today. You had to correct it with journal entries only. 

Eventually other programs started coming out, and over the years I learnt the following:

• AccPac
  
  
  
• TurboCash
• Pastel
• Sage
• Wave
• Xero
• Zoho

And more.

I became so proficient that organizations hired me to present software to their clients, and train them how to use it. 

Today I can look at any accounting software, learn it, use it and teach it.  In fact, I was privileged enough to be in a position where I designed online reporting and liaison-ed between the software developers and their clients, to ensure each understood the other.

 What fun I had!

ROLL ON 2023 - I now consider myself fully digital.  The features and capabilities of accounting software today are limited only to the creators imagination.  Accounting software has become a CMS hub, linking all sorts of apps to work together.

Today you have accounting software linked to your bank, to eCommerce platforms, to planners, calendars, booking software and more. 

I, for one, am very excited about the future and technology, and always dive in with both feet and hands when something new comes my way.

If any of this resonates with you, feel free to pop a comment below and let me know what you think about the evolution of accounting recording methods today.

Thanks!

Caz Livingstone
AccountsPro Solutions