Could the State Force Your Client's Crypto Sale?
Your client gets paid in crypto by an overseas customer. This week he asked whether the State can force him to sell it. For the first time, crypto is being pulled into South Africa's exchange-control net, with powers to compel a sale, restrict exports, and search without a warrant. CIBA has filed its response: yes to the goal, no to the design. Here is what the draft really does, what's overstated, and the opening it creates for accountants.
Cash Flow Analysis: The Skill Too Many Accountants Avoid and Every Business Needs
Most businesses do not fail because they are unprofitable. They fail because cash runs out. Profit may look good on paper, but cash is what keeps the lights on and salaries paid. Cash flow analysis is where accountants stop doing compliance only and start protecting real businesses. It shows problems before they become crises and turns guessing into planning. If you are not talking to your clients about cash flow, someone else will, and they will get paid for it. Cash is not just a number. It is the difference between surviving and shutting the doors.