We are currently quite busy with tax and end of year planning.

Looking ahead and making plans for increasing inflation and the uncertainty it will bring are some major trends that we are seeing with our business owners.

More generally, as inflation rises, unemployment and interest rates will climb from their historic lows and as the level of government debt increases, the economic environment around us is becoming increasingly unpredictable.

The decisions made by Reserve Banks and Governments around the world in the upcoming months will be crucial to monitor since the effects will be felt both internationally and domestically.

It is important that you prepare how to cope with inflation on both your pricing mechanisms and to maintain your margin and costs under control if you want to stay ahead in FY23.

FY23 is looking like it will be one of consistent interest rate increases, ongoing supply chain issues, and strong wages growth that frantically tries to keep up. It is quite impossible for anyone to anticipate where our economy will stand over the next 12 months.

Planning and having solid strategic plans for your business are now crucial given the upcoming difficult times. It is now more important than ever to keep an eye on cash flow and have a backup plan that is independent of the government.

As your trusted advisors, we are ready to support you through FY23 and the challenges it is going to bring.
We hope to see you in FY23 and wish you a happy end of the 2022 financial year!

Sanela and Selma