Think Only Accounting SA

21/10/2026

💡 ONLY INSIGHTS

YOU CAN'T MANAGE WHAT YOU DON'T UNDERSTAND.

Running a business means making decisions every day.

But are you making those decisions based on accurate financial information, or simply on what you see in your bank account?

Your monthly financial reports should help you answer important questions:

✓ Is my business actually profitable?
✓ Are my expenses increasing faster than my income?
✓ Can I afford that new employee or equipment?
✓ Where am I spending more than I should?
✓ Is my business moving in the right direction?

This is where accurate bookkeeping and monthly management accounts make a difference.

They turn everyday transactions into meaningful information that helps you understand your business.

Your accountant shouldn't just help you look back at last month. Your financial information should help you plan for the next one.

At Only Accounting, we believe in giving business owners clarity and confidence in their numbers.

Only Accounting
Simplicity for your business.

📧 [email protected]
📱 WhatsApp: 081 313 1112

19/10/2026

📢 EMPLOYERS: IS YOUR PAYROLL REALLY READY FOR SARS?

The EMP501 interim reconciliation deadline is approaching!

📅 31 October 2026

But submitting your reconciliation is only part of the process. Making sure the information is accurate is just as important.

Before submitting, ask yourself:

✓ Do your PAYE, UIF and SDL figures reconcile?
✓ Are your employee details and tax numbers correct?
✓ Do your EMP201 declarations agree with your payroll records?
✓ Have you checked your employee tax certificate information?
✓ Have you confirmed that SARS successfully processed your submission?

Accurate payroll records throughout the year mean fewer surprises when deadlines arrive.

Good bookkeeping isn't just about meeting deadlines. It's about having confidence in your financial records.

At Only Accounting, we help businesses stay organised and prepared through reliable bookkeeping and payroll support.

Only Accounting
Simplicity for your business.

📧 [email protected]
📱 WhatsApp: 081 313 1112

16/10/2026

📊 FRIDAY ACCOUNTING TIP

5 numbers every business owner should know!

You don't need to be an accountant to understand your business finances, but there are five important numbers you should be checking regularly:

1️⃣ Bank Balance – How much money is actually available?

2️⃣ Outstanding Debtors – How much do customers still owe you?

3️⃣ Upcoming Expenses – What needs to be paid in the coming weeks?

4️⃣ Monthly Profit – Is your business actually making money?

5️⃣ VAT & PAYE Provision – Have you set aside enough for your tax obligations?

Knowing these five numbers can help you avoid cash-flow surprises and make more informed business decisions.

Remember, good bookkeeping isn't just about keeping SARS happy — it's about keeping your business healthy!

Need help understanding your business finances?

Only Accounting
Simplicity for your business.

📧 [email protected]
📱 WhatsApp: 081 313 1112

14/10/2026

💡 IS YOUR BUSINESS BUSY… BUT NOT ACTUALLY MAKING MONEY?

A busy business isn't always a profitable business.

You might have plenty of sales coming in, but if you're not keeping track of your expenses, cash flow and profit margins, you could be working harder without seeing the financial results.

Ask yourself:

✓ Do I know how much profit my business made last month?
✓ Am I keeping track of all business expenses?
✓ Do I know which customers still owe me money?
✓ Can I comfortably cover my upcoming expenses?
✓ Am I reviewing my financial reports regularly?

Good bookkeeping gives you more than organised records — it gives you the information you need to make better business decisions.

Don't just run your business. Understand your numbers.

Only Accounting
Simplicity for your business.

📧 [email protected]
📱 WhatsApp: 081 313 1112

12/10/2026

🚨 OWE SARS MONEY? DON'T IGNORE IT.

SARS is stepping up its debt collection efforts, with a reported target of R126 billion in outstanding tax debt collections.

For small-business owners, this is an important reminder: falling behind on VAT, PAYE or other tax obligations is something that needs attention sooner rather than later.

What should you do if your business owes SARS money?

✓ Check your SARS statement of account regularly.
✓ Make sure all outstanding returns have been submitted.
✓ Don't ignore SARS correspondence or final demands.
✓ If you cannot settle the full amount, investigate whether you qualify for a payment arrangement.
✓ If you believe an assessment is incorrect, follow the appropriate dispute process.

SARS does offer debt-management options, subject to qualifying criteria and approval.

The worst approach is to ignore the problem and hope it disappears.

Accurate bookkeeping and regular reconciliations help you identify potential tax liabilities before they become bigger problems.

Need help getting your business accounts organised and up to date?

Only Accounting
Simplicity for your business.

📧 [email protected]
📱 WhatsApp: 081 313 1112

📰 Source: Accounting Weekly – SARS sets a R126 billion debt collection target.

10/10/2026

06/10/2026

🏢 IS YOUR CIPC INFORMATION UP TO DATE?

CIPC's Beneficial Ownership Register is receiving renewed attention as South Africa strengthens transparency around who ultimately owns and controls companies.

For business owners, it's a useful reminder that CIPC compliance doesn't end with your Annual Return.

Take a few minutes to check:
✓ Is your Beneficial Ownership information up to date?
✓ Are your directors' details correct?
✓ Is your registered business address accurate?
✓ Are your Annual Returns up to date?
✓ Have any ownership or company details changed?

Small compliance issues are much easier to correct before they become bigger problems.

Keeping your company records organised is just as important as keeping your books up to date.

Only Accounting
Simplicity for your business.

📧 [email protected]
📱 WhatsApp: 081 313 1112

30/09/2026

💡 SMALL BUSINESS TIP: Keep business and personal money separate

One of the simplest ways to make your bookkeeping easier is to keep your business and personal finances separate.

Using your business account for personal spending - or paying business expenses from your personal account - can quickly make your records difficult to manage.

A few good habits can make a big difference:

✓ Use a dedicated business bank account
✓ Pay business expenses from the business account
✓ Keep invoices and receipts
✓ Record money taken from or introduced into the business correctly
✓ Reconcile your bank account regularly
✓ Don't wait until tax season to sort everything out

Good bookkeeping isn't just about SARS compliance.

It helps you understand what your business is earning, what it's spending and where your money is going.

Need help getting your books organised?

Only Accounting
Simplicity for your business

📧 [email protected]
📱 WhatsApp: 081 313 1112

28/09/2026

📅 MONDAY BUSINESS CHECK-IN: Are your September deadlines under control?

It’s the last few days of September - a good time to make sure your accounting and tax affairs are up to date.

Before the month ends, check:

✓ Is your bookkeeping up to date?
✓ Are your bank accounts reconciled?
✓ Are your VAT records complete?
✓ Is your payroll information accurate?
✓ Have you checked upcoming SARS deadlines?
✓ Are outstanding customer accounts being followed up?
✓ Are your CIPC records up to date?

Employers should also remember that the 2026 EMP501 Interim Reconciliation season is now open, with submissions due by 31 October 2026.

A little preparation now can prevent a big rush later.

Need help keeping your business accounts and compliance on track?

Only Accounting
Simplicity for your business

📧 [email protected]
📱 WhatsApp: 081 313 1112