n Personal Finance Newsletter - The burdensome cost of regulation : small business

Abstract

Extracted from text ... IN the April 2005 issue of Moneyweb's Personal Finance, readers will recall my article dealing with the tax opportunities provided in Finance Minister Trevor Manuel's Budget speech. Being someone who likes to put his money where his mouth is, I used the tax concessions as the final key to fulfilling a dream that has been almost three years in the making - my own accounting and tax consultancy. However, thinking back to my first exposure to accounting way back in Standard Six, I am reminded of the most fundamental rule of accounting: for every credit, there must be a debit. ..