Paul Smith
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Paul Smith's Discussions

Selling a business - what accounts?

Started this discussion. Last reply by Philip Copeman Jul 24, 2015. 3 Replies

HiI am selling a business and the buyer is paying part for stock and the rest for the business itself. The stock is easy to deal with (Sales - much reduced!!!), but I'm wondering how to transact the…Continue

Bank Reconcile

Started this discussion. Last reply by Philip Copeman Jan 31, 2013. 1 Reply

HiI wonder if anyone can tell me how TC gets its 'Bank balance at [date] according to TC' that appears in the report and the 'Last Total' that appears on the Reconcile screen.I can't make sense of…Continue

Tags: reconcile, bank

What is going on at TC land?

Started this discussion. Last reply by Paul Smith Oct 29, 2012. 5 Replies

Having been away from the area for some time (because TC has been working so well for me) I returned to sort out an issue I have been getting with Windows 7. When I get here I find the old forum with…Continue

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Blog Posts

VAT change from 14% to 15%

Posted by Philip Copeman on May 7, 2018 at 13:24 0 Comments

The Tax authorities may impose changes in the VAT (GST/Sales tax) rates. For example, in South Africa, the South African Revenue Services (SARS), changed the VAT rate from 14% to 15% on 1 April 2018.

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I have a farm in Africa

Posted by Philip Copeman on April 21, 2018 at 19:27 0 Comments

... and then they want to take the land back without compensation? The idea is preposterous.
Land only has value if you can keep another African off it. Land only has value if you have complete tenure, right down to the freedom to dispose of the asset.
Naive attempts to directly tax the ownership of Land…

Blockchain Explained

Posted by Philip Copeman on December 30, 2017 at 8:41 1 Comment

Why blockchaine?

You just want to make invoices and collect you money. Why are we so excited about bloackchain here at the TurboCASH Project?

If you are confused by all the terms and don't know what the fuss is about.try this simple explanation in a browser.…


The Case against Bitcoin

Posted by Philip Copeman on December 5, 2017 at 16:44 0 Comments

Will blockchain be enduring? – of course. Will Bitcoin be enduring? - not likely.

Unless you are familiar with the terminology of blockchain, having an argument about its future is like arguing with a physicist about the Big Bang. Right now the myopia caused by ignorance centres the crpyto discussion on Bitcoin, store of value and speculative demand. The real delivery of money, the medium of exchange and the unit of account that blockchain brings to anything from IOT…




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