Why every small business need an accountant - South Africa 2018

author Pretera Accounting Services   2 мес. назад
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Buying an investment property in South Africa. What does this mean?

VIDEO TRANSCRIPT: Reporter: When it comes to buying investment property in SA, the first thing you need to know is, what exactly is investment property? Simon: I think the simplest way to describe investing in property is not living in the property. There's a couple of reasons why someone would invest in property. The one is you would buy a property and you'd rent it out. The other type of investing is where you buy a place that perhaps needs some work and you've got an eye for that kind of detail, and you understand how to budget and how to spend, and you're going to renovate it and then flip it for a higher price. Reporter: So, if I was thinking of buying or looking into such a property, what would be the first things that I would need to consider when searching for a property like this? Simon: If we talk about the one that most people think of when you're talking investment property, and that's buying to rent - so there's this idea that you want to buy a place and then put a tenant in it. When it comes to investing in property, you actually need to treat it like a business. So, draw up a business plan. Put down what is the financial commitment that you want to make. What can you afford? What do you intend to get out of it financially? The location - look at the location through the eyes of good data, good statistics. What are the prices doing in the area? What are the rental demands looking like in the area? And then you should look at the type of property, not all of them are geared towards renting them out. Look at two-bedroom flats and apartments. They're very, very popular with tenants. A broad spectrum of people are in that market. And I think the last thing is the type of tenant that you want to address. Tenant demand tends to really be in the young or the older. So, you're talking about students, student accommodation, and small, lock-up-and-go places, or places for retirees. So those are some good points to look for when you're investing. Reporter: How does one go about acquiring the right type of tenant for your property? Simon: It's critically important. This is your little business, this your investment, and when you're picking your tenant you're effectively picking your business partner. So you've got to be really, really careful who you let into the property up-front. So get your property out there on online platforms like ours, make sure that it's advertised as widely as possible, take as many tenants through as you can until you feel that the fit is right. And then there are lots of great services that you can use, on our platform or others, where you can check on the tenant's credit history, or you can get a reference from their previous landlord. It's really good to do the background checks, to do the research that you need. Reporter: The whole issue around landlords, tenants, where can one go to get advice about that? Because that can also be a tricky issue as well, right? Simon: It's amazing how many questions people have when it comes to renting out property. Tenants - what are my rights? What do I need to sign in a lease? What do deposits look like? And then on the landlord's side, it's also really, really important - what if my tenant's not paying electricity? What if they're denying me access to the property? So we see these types of questions all the time. We get expert panelists to come and comment on articles. And then we put it into a real easy-to-use database of information and advice. So if you are in the market either as a tenant or landlord and you've got questions, we do have a space for you to come and answer those questions. Reporter: So basically the private property website is a one-stop shop for everything? Simon: Yeah. We like to think of ourselves as basically the premier rental platform in the country. We've got more rental listings than most. We've got fantastic resources in terms of information and insight. So if you are in the market to either buy a place and let it out, or you're a tenant looking for one of those properties, then we're the right place to come. Reporter: What is our Simon Bray tip of the day? Simon: I think buying to let is a great opportunity to make money, it's a sound investment, but you need to realise, are you picking it for the right rental demand areas and are you looking at the costs of ownership closely enough to ensure that you're making money at the end. Reporter: You can swing by www.privateproperty.co.za to visit their news and advice pages, as well as perhaps search for that perfect investment property for you.

Start up Funding 101 - Considerations for South African Businesses

This is a basic funding guide for South African businesses in ideation or early stage start-up phases. It is NOT a comprehensive guide on ALL considerations for funding but is great for understanding funding types, options and considerations. If you find it useful, please like the video.

The Big Lie of Small Business | Vusi Thembekwayo | TEDxUniversityofNamibia

A small Business can be a success, a small business doesn't have to stay small. Africa like many places is full of small businesses and struggling entrepreneurs, from small shop owners to street vendors. Vusi challenges the African business community as a whole to help grow these entrepreneurs as most businesses need capital and other forms of support from the more well established businesses and for bankers to play their part. As a continent Africa can become an economic giant of the world. Known as a "Rock star of public speaking" Vusi is the only speaker globally to have been invited to the Dragon's Den as an investor. This is because he has built several businesses. Today, as Chairman of Watermark Afrika Fund he is spearheading a pan-African process of raising the largest Growth Fund of high growth, high potential entrepreneurs in Africa. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx

How To Invest Your Money In Your 20s

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◉ ► https://www.propertyinvestmentsuk.co.uk/how-to-start-a-property-business/ Investing in property is well-known among beginners and experts alike to be a great asset class, but it can also provide you with a fantastic income and lifestyle when done right. The key is all in the planning and choosing the right strategy to suit your situation right from the beginning. Whether you're looking to start a property business focusing on cash flow or whether you want to grow a hands-free portfolio focusing on passive income and the pension plan. In this video, I'll introduce you to a range of strategies that can help you achieve your goals in money, time & freedom. Today's video starts with an insight into getting started in property and why it's important to pick the right strategy. From there we'll look at a series of free training videos with you that go into detail about each of the strategies so you can really see (warts and all) how to start a property business the right way. For the full article and to take the next step with starting a property business visit - HOW TO START A PROPERTY BUSINESS http://propertyinvestmentsuk.co.uk/how-to-start-a-property-business/ For further information on Property Investments UK & help on building your property portfolio please visit - Home - http://propertyinvestmentsuk.co.uk SIGN UP FOR OUR FREE PROPERTY INVESTMENT COURSE: ◉ https://www.propertyinvestmentsuk.co.uk/property-investors-handbook/ ---------------------------------------------------- INTERESTED IN INVESTING IN PROPERTY? Buy to Let Property Deals ◉ https://www.propertyinvestmentsuk.co.uk/investment-property/ UK Property Crowdfunding ◉ https://www.propertyinvestmentsuk.co.uk/invest-in-property-with-crowdfunding/

There is a state of misinformation or ignorance about why every business need an accountant, or why not? There is a lot businesses that think an accountant will only cost them money and not bring in any benefit. Unfortunately that is not true, and the business suffers for that reason. Accountants often provide insight into how to reduce your taxes legally, how to strategise to increase your profits, and more.

I am Jacques P. Taljaard (BAP(SA)) (GTP(SA)), an accountant and tax practitioner in South Africa.

There's very little information available to the general public of South Africa that assists new entrepreneurs in setting up a business. With this channel I aim to change that.

#WhyZAisCool #AskAnAccountant #SouthAfrica #2018 #WhyAnAccountant

Get in contact: www.pretera.co.za

*Disclaimer* Nothing in this channel can be considered "advice" in any form, and neither Jacques P. Taljaard nor Pretera Accounting Services can be held liable for any claim resulting from the information in this video. Since circumstances often differ vastly, should you need advice we recommend getting in touch with a professional service provider.

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