Greenpen Accounting

What does good financial management actually look like?

✔ Your numbers make sense
✔ Your tax is handled
✔ Your finances are under control

That’s what every business owner should aim for.

And that’s what we help our clients achieve every day.

Simple. Clear. Done right.

💚 The art of accounting.

💡 DID YOU KNOW?

A business can look profitable on paper…

…and still struggle to pay bills.

That’s because profit and cash flow are not the same.

If your money is tied up in:
• Late payments
• Stock
• Expenses

You can feel stuck — even when things seem fine.

Understanding your cash flow changes everything.

Here’s an important financial update:

The amount you can take offshore without prior approval has increased.

👉 From R1 million per year
👉 To R2 million per year

This falls under your single discretionary allowance.

If you’re planning to invest offshore or move funds internationally —
this is something to be aware of.

Just remember: there are still tax and compliance rules to follow.

If you’re unsure, it’s best to get proper advice 👍

💡 DID YOU KNOW?

Poor recordkeeping can cost your business money.

If your records aren’t in order, you could:
• Miss valid expenses
• Overpay tax
• Struggle during audits

Good records don’t just keep you compliant —
they protect your money.

If you have employees, here’s something important:

Your payroll must match what you submit to SARS.

In simple terms:
👉 What you paid your staff
👉 What you told SARS

Needs to match.

If it doesn’t, it can cause problems later.

Better to check now than fix it later 👍

Here’s something simple most businesses don’t do:

Follow up on unpaid invoices.

Not aggressively. Just consistently.

A quick message can be the difference between:
💰 Getting paid this week
⏳ Waiting another month

Small habit. Big impact.

💡 DID YOU KNOW?

As your business grows, your finances can actually feel more confusing — not less.

That’s when you might notice:
• You’re not sure what you’re actually making
• Things feel disorganised
• You’re guessing more than you’d like

Growth is a good thing — but without clarity, it gets messy fast.

That’s where the right accounting support makes all the difference 📊

Good news for South African employees and employers! 🇿🇦

The 2026 Budget increases tax-exempt limits on key employee benefits — effective 1 March 2026.

Here's what's changed:

📚 Bursaries & Scholarships
• Remuneration threshold: R600k → R900k
• Basic education: R20k → R30k
• Higher education: R60k → R90k

🏆 Long Service Awards
• Tax-free limit: R5,000 → R16,000

💰 Retirement Fund Contributions
• Deduction cap: R350k → R430k

More value for your team, less going to tax.

🇿🇦 Happy Freedom Day, South Africa

Today we celebrate the freedom to choose, to build, and to grow — made possible by the historic events of 27 April 1994.

Freedom Day is a reminder of how far we’ve come, and the responsibility we all share in shaping a better future.

From all of us at Greenpen, we wish you a meaningful day of reflection, unity, and pride.