2022 saw a new term rapidly enter the lexicon of HR managers everywhere, “quiet quitting”. The term refers to a trend where, instead of formally resigning, workers are coming to work but only just meeting the absolute minimum requirements to keep their jobs. The trend has inspired a number of conversations around the importance of […]
Category Archives: Business
04
Sep
Sep
As an entrepreneur or business leader, working out the risks your business faces is critical to planning for the future and ensuring you are ready when disaster strikes. A “risk matrix” is a tool designed to help in this scenario as it allows you to plot and compare the likely risks your business faces and […]
23
Aug
Aug
As a business grows, owners may find they need to take out loans to build infrastructure, take on essential new employees, meet legal requirements or upgrade equipment to ensure future growth. These moments can each feel necessary at the time, but if business owners are not careful, they may find themselves with more debt than […]
08
Aug
Aug
The 2023 Tax Season in South Africa opened officially on 7 July 2023 for individuals who are both non-provisional taxpayers and provisional taxpayers – as well as for trusts. While much has stayed the same from last year, like the auto assessments introduced in 2022, there are also a number of changes this year – […]
26
Jul
Jul
The confidentiality of taxpayers’ information has been a cornerstone of tax systems, globally and in South Africa, as it provides taxpayers with peace of mind that the sensitive financial and highly personal information, they are obliged to disclose to tax authorities will not be made public. However, recent developments have raised questions about this, with […]
18
Jul
Jul
Despite some plans finally taking shape, the risk of high-level loadshedding over the next few years is still very much in place. For now, there isn’t a business in the country that needs to be told of the massive negative impact the lack of electricity can have on their productivity with lost sales, decreased production […]
14
Jul
Jul
Anyone who is starting a new business knows that your accountant is who you go to when you need to do your taxes at the end of the year. Most will know that they can also do the books or offer financial advice. However, many won’t be aware of just how much more your accountants […]
10
Jul
Jul
Company directors face further responsibility and administrative burdens resulting from legislative changes earlier this year, following South Africa’s grey listing by the global financial watchdog, the Financial Action Task Force. Directors are now obliged to implement a detailed Beneficial Ownership Register for their companies and submit the register to CIPC, along with a list of […]
06
Jun
Jun
The new duties most recently imposed on trustees not only involve substantially more administration than ever before, but also entail impossible deadlines and hefty penalties. These additional duties arise from legislative changes following South Africa’s grey listing by the global financial watchdog, the Financial Action Task Force, as well as new requirements from SARS. As […]
22
May
May
The benefits of engaged employees – workers who are involved, enthusiastic and committed to their work and workplace – are well-researched and widely documented. These range from increased productivity and improved customer satisfaction to reduced costs and fewer safety incidents, all of which are vitally important for small businesses whose employees often fulfil multiple roles […]