“SARS will implement these tax relief measures because compliant taxpayers have paid their fair share of tax, making it possible for government to provide such a temporary safety net in a time of extreme difficulty” (SARS) Battered by national lockdowns of varying intensity since March last year, many businesses have been further affected by weeks […]
27
Aug
Aug
“If everyone is moving forward together, then success takes care of itself” (Henry Ford) Initiating, setting up and launching a new, typically, small business is a challenge and can be a lonely journey to growth and, hopefully, success. Could developing a partnership or co-operative with like businesses be a pathway to growth and profitability? How […]
27
Aug
Aug
“The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.” (John Maxwell) To be a good leader in the small business environment a person needs to possess a variety of skills, understand themselves and recognise areas where there is room for improvement. The leader’s abilities will be the […]
27
Aug
Aug
“Do you know the difference between education and experience? Education is when you read the fine print; experience is what you get when you don’t” (American singer and social activist, Pete Seeger) Microinsurance refers to an area of cover made accessible to low-income individuals and businesses at relatively low cost. Within the South African context, […]
27
Aug
Aug
07 September – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 September – Value-Added Tax (VAT) manual submissions and payments 29 September – Excise Duty payments 30 September – Corporate Income Tax (CIT) Provisional Tax payments where applicable 30 September – End of the 2nd Financial Quarter 30 September – Personal Income Tax (PIT) top-up Provisional […]
28
Jul
Jul
“We would simply ask taxpayers to consider carefully the longer-term implication of defining an area in their primary residence as a home office for tax purposes” (Edward Kieswetter – SARS Commissioner) “All employers should allow their employees to work from home unless it is absolutely necessary for them to perform work on-site” was among the […]
28
Jul
Jul
“Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy” (Bret Stephens) Healthy cash flow is what keeps a company afloat. The ability to pay suppliers and staff, without risking the future of the business, entirely independently of expected new payments, is vital for any enterprise to keep going. In this era […]
28
Jul
Jul
“When looking for funding, don’t just look for cash. Look for the right people” (American fashion entrepreneur, Jodie Fox) According to South African Reserve Bank data, the low level of small business financing appears to be emanating from the demand side as “the vast majority of SMEs indicate that they do not borrow from financial […]
28
Jul
Jul
“One of our strategic objectives is to make it easy for taxpayers to comply with their tax obligations, and hard and costly for those who willfully do not comply” (Edward Kieswetter, SARS Commissioner) Earlier this year, SARS and the NPA (National Prosecuting Authority of South Africa) announced that they are joining up to deal with […]
28
Jul
Jul
7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 August – Value-Added Tax (VAT) manual submissions and payments 30 August – Corporate Income Tax (CIT) Provisional Tax Payments, where applicable 30 August – Excise Duty Payments 30 August – Personal Income Tax (PIT) Provisional Tax Payments Disclaimer: The information provided herein should not be used […]