By Kevin Mwenye “PR is for big brands with deep pockets, the corporate ABC’s of this world spending on billboards, TV ads, and in-person networking events. Not for my SME XYZ small business. We are just here to make money and keep going.” AS a public relations specialist in the banking sector, I’ve had the…

By Tonderai Washington Mabambe THE issuance of IFRS 18 – Presentation and Disclosure in Financial Statements by the International Accounting Standards Board (IASB) marks a significant and forward-looking development in international financial reporting.This new standard, which replaces the long-standing IAS 1 Presentation of Financial Statements, is designed to enhance the transparency, consistency, and comparability of…

FOREIGN exchange differences are a frequent source of tax adjustments during audits, particularly where taxpayers fail to align accounting treatment with tax rules. The volatility of Zimbabwe’s multicurrency framework requires careful treatment of foreign currency movements to mitigate exposure to audit adjustments and penalties.In terms of the Income Tax Act (ITA), foreign exchange gains form…