In this episode of The Rev Room, Francois sits down with senior account manager Matt Barlow to unpack one of the most overlooked (yet vital) growth tools in business: financial reporting. They explore the common pitfalls entrepreneurs face when they ignore their numbers, what to look for in a proper management pack, and how data-driven decisions can uncover hidden profit leaks. With relatable metaphors and real client stories, this episode turns financial literacy into a powerful leadership weapon—especially for founders stuck in the operational grind.

Three Key Takeaways

1. Your P&L Is Not Cash Flow: Many entrepreneurs confuse profit with available cash. Understanding how accrual accounting works is key to accurate planning and avoiding nasty surprises.
2. Monthly Financial Reports Are Non-Negotiable: Reading your management accounts—especially your balance sheet, cash flow, debtors, and budget vs. actuals—is like checking your GPS. Without it, you’re flying blind.
3. The Right Support Can Save You 20%: A strong accounting partner isn’t a cost—it’s a growth lever. One client avoided overdraft, timed stock accurately, and saw exponential growth by simply implementing a proactive purchasing plan.

If this episode sparked something in you—if you’re ready to get out of survival mode and into strategic growth—BizRev Advisory is here to help.

👉 Visit www.bizrev.co.za to learn more about our coaching, consulting, and full-service business support solutions.

💼 Have a business challenge, need strategic mentorship, or want to be featured on an upcoming episode of The Rev Room? Reach out directly via our site—we’d love to hear from you.

Let’s build better, together.

Too many entrepreneurs think that if a company stops trading, it quietly disappears. But SARS has other plans—and the penalties for inaction can be brutal. In this episode, BizRev’s resident attorney Nicole Lin joins Francois to unpack the real process of legally closing a company in South Africa.

From misunderstood SARS requirements to overlooked CIPC compliance, this conversation reveals the costly myths keeping dormant companies in limbo. Nicole breaks down the exact steps founders need to take to close a company cleanly without getting buried in red tape, debt, or delay.

If you’ve ever thought, “But I haven’t traded in years…”, this one’s for you.

KEY TAKEAWAYS

1. Dormant doesn’t mean invisible - SARS still expects tax returns—even if your business isn’t trading. Neglecting this can lead to tens of thousands in admin penalties.
2. Deregistration is a multi-step process - You must be compliant with both CIPC and SARS. If either system is out of sync, deregistration is blocked.
3. You’re not off the hook—even if CIPC says ‘deregistered’ - Final AR status on CIPC can’t complete the process unless reactivated and brought to compliance—which often adds months to the timeline.

If this episode sparked something in you—if you’re ready to get out of survival mode and into strategic growth—BizRev Advisory is here to help.

👉 Visit www.bizrev.co.za to learn more about our coaching, consulting, and full-service business support solutions.

💼 Have a business challenge, need strategic mentorship, or want to be featured on an upcoming episode of The Rev Room? Reach out directly via our site—we’d love to hear from you.

Let’s build better, together.

If you’re a South African entrepreneur working abroad or planning to this episode is essential listening. Nicole and Wayne unpack the tax minefield of foreign income, dual residency, and what happens when SA trusts start distributing to non-residents. From the overlooked impact of the Double Tax Agreement between South Africa and France to the jaw-dropping 45% tax on trust payouts, this conversation is a masterclass in cross-border compliance.

For high-performing founders making moves internationally, this episode offers a sobering reminder: tax residency changes everything—and ignorance can cost you dearly.

📌 Three Key Takeaways:

1. The 1.25M Myth: Many believe that earning under R1.25 million abroad keeps them safe—but that only applies if you remain a South African tax resident. Change your tax status, and everything shifts.
2. The Double Tax Agreement is Your Trump Card: If you qualify as a French tax resident under the DTA’s tie-breaker rules, SA loses taxing rights on your employment income but not on SA-based assets or trust distributions.
3. Trust Distributions Can Trigger Double Tax: Effective March 2024, distributions to non-resident beneficiaries are taxed at 45% by the trust in SA—with no credit available to the beneficiary in France. Add another ~30% tax in France, and you could lose 75% of your payout.

If this episode sparked something in you—if you’re ready to get out of survival mode and into strategic growth—BizRev Advisory is here to help.

👉 Visit www.bizrev.co.za to learn more about our coaching, consulting, and full-service business support solutions.

💼 Have a business challenge, need strategic mentorship, or want to be featured on an upcoming episode of The Rev Room? Reach out directly via our site—we’d love to hear from you.

Let’s build better, together.