MJBO Accounting

MJBO Accounting We are experts at running your business with Cloud-based Accounting. MJBO can manage your accounting

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05/03/2020

News alert!

Today's topic:CUSTOMS DUTYAre you wondering what is meant by Customs Duty? 🤓Customs duty is a tax levied on imports (and...
02/03/2020

Today's topic:CUSTOMS DUTY

Are you wondering what is meant by Customs Duty? 🤓

Customs duty is a tax levied on imports (and, sometimes, on exports) by the customs authorities (Botswana Unified Revenue Services) to raise state revenue, and/or to protect domestic industries from more efficient or predatory competitors from abroad.It regulates the movement of goods in and out of the country and also keeps a check on restricted items.

Customs duty is based generally on the value of goods or upon the weight, dimensions, or some other criteria of the item (such as the size of the engine, in case of automobiles).

28/05/2019

TAX PLANNING STRATEGIES👩‍🏫👩‍🏫

Countless tax planning strategies are available to business owners. Some are aimed at the owner's individual tax situation and some at the business itself, but regardless of how simple or how complex a tax strategy is, it will be based on structuring the strategy to accomplish one or more of these often overlapping goals:

1.Reducing the amount of taxable income
2.Lowering your tax rate
3.Controlling the time when the tax must be paid
4.Claiming any available tax credits
5.Avoiding the most common tax planning mistakes

In order to plan effectively, you'll need to estimate your personal and business income for the next few years. This is necessary because many tax planning strategies will save tax PULAS at one income level, but will create a larger tax bill at other income levels. You will want to avoid having the "right" tax plan made "wrong" by erroneous income projections. Once you know what your approximate income will be, you can take the next step: estimating your tax bracket.

The effort to come up with crystal-ball estimates may be difficult and by its very nature will be inexact. On the other hand, you should already be projecting your sales revenues, income, and cash flow for general business planning purposes. The better your estimates are, the better the odds that your tax planning efforts will succeed.😀😉

EMAIL: [email protected] for further enquiries🙂

Looking forward to doing beautiful business with you

Subject of today... TAX PLANNINGWhat is tax planning ?🧐🥴Tax planning is the process of looki...
28/05/2019

Subject of today...
TAX PLANNING
What is tax planning ?🧐🥴

Tax planning is the process of looking at various tax options in order to determine when, whether, and how to conduct business and personal transactions to reduce or eliminate tax liability.

Many business owners ignore tax planning. They don't even think about their taxes until it's time to meet with their accountants, but tax planning is an ongoing process and good tax advice is a valuable commodity. It is to your benefit to review your income and expenses monthly and meet with your CPA or tax advisor quarterly to analyze how you can take full advantage of the provisions, credits, and deductions that are LEGALLY available to you.

Although tax avoidance planning is legal, tax evasion - the reduction of tax through deceit, subterfuge, or concealment - IS NOT. Frequently what sets tax evasion apart from tax avoidance is the BURS's finding that there was fraudulent intent on the part of the business owner.

The following are four of the areas the BURS examiners commonly focus on as pointing to possible fraud:

1.Failure to report substantial amounts of income such as a shareholder's failure to report dividends or a business owner's failure to report a portion of the daily business receipts.
2.Claims for fictitious or improper deductions on a return such as a sales representative's substantial overstatement of travel expenses or a taxpayer's claim of a large deduction for charitable contributions when no verification exists.
3.Accounting irregularities such as a business's failure to keep adequate records or a discrepancy between amounts reported on a corporation's return and amounts reported on its financial statements.
4.Improper allocation of income to a related taxpayer who is in a lower tax bracket such as where a corporation makes distributions to the controlling shareholder's children

for assistance with your taxes call +267 74178052/76869620 or email [email protected]

Let us do business beautifully😊📲 74178052 or 76869620
08/05/2019

Let us do business beautifully😊
📲 74178052 or 76869620

THE FUTURE OF ACCOUNTING Winning Accounting firms will become more consultative, helping companies not just with financi...
03/03/2019

THE FUTURE OF ACCOUNTING
Winning Accounting firms will become more consultative, helping companies not just with financial reporting, but to improve margins and advise on industry trends and pending regulations that may affect business. It’s no longer just financial statements and tax returns.

Most service-based businesses don’t relate to traditional accounting terms like accounts receivable and balance sheets — they care more about understanding how their business is really performing, against themselves and against their peers. It’s up the Accounting firm to tell that story, to help its clients keep a pulse on their business and to act more proactively when it comes to financial health.

The Accounting firm of the future will be able to out-educate its competitors, helping companies understand where they stack up and how to create business processes that maximize profits and minimize taxes.

Visit our offices so that we lead you into the future. Stay relevant, Stay competitive.😊




SET UP & CONVERSION TO THE CLOUD!☁️☁️☁️☁️💨We can help you move to the cloud!Whether you are needing to have your account...
27/02/2019

SET UP & CONVERSION TO THE CLOUD!☁️☁️☁️☁️💨

We can help you move to the cloud!

Whether you are needing to have your accounting set-up for a brand new company, you are moving from a desktop solution , you are moving from another accounting system, or even if you have been keeping track of your data with a manual system or Excel, we can help you to transition to a cloud-based accounting system.

Once you switch to the cloud, you will never want to go back!

We offer free consultation to discuss your specific needs and to see what cloud-based accounting solution is best for you.

💻: [email protected] or [email protected]
l📲: (+267) 76869620 or 74178052

Looking forward to doing beautiful business with you😉

20/02/2019

What is cloud accounting and why is it good for business?

PLAN FOR GROWTHRegardless of the size of your business, it is important to keep a handle on not only the day to day tran...
11/02/2019

PLAN FOR GROWTH

Regardless of the size of your business, it is important to keep a handle on not only the day to day transactions and cash flow of your business, but also the future costs or tax obligations you will need to prepare for. Additionally, you may look to invest in growing your business and require insight into your profitability before making any investment or hiring decisions.

Rather than rely on out of date of reports, you can utilize the power of our cloud accounting solution to report on real-time data. Our accountants help you make the best out of the software we provide in order to produce reports that can help you make the right business decisions.

For inquiries contact: [email protected] or call +267 76869620

Address

OMEGA HOUSE, UNIT 1, PLOT 5 MMARAKA Road, OLD CHOPPIES STATION(SECOND FLOOR ABOVE CHOPPIES)
Gaborone
SE-BW

Opening Hours

Monday 08:30 - 16:00
Tuesday 08:30 - 16:00
Wednesday 08:30 - 16:00
Thursday 08:30 - 16:00
Friday 08:30 - 16:00

Telephone

+26776210435

Website

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