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 […]
22
May
May
South African companies and households, with no option but to seek alternatives to Eskom’s expensive, erratic and deteriorating supply, will be relieved to know that – from a tax perspective – the timing could not be better to invest in solar and renewable energy. Two time-limited tax measures were announced in the 2023 Budget in […]
17
May
May
Most entrepreneurs start businesses because they see a gap in the market they think they can fill. The knowledge they have from their careers may have empowered them to see the gap, and to understand how to exploit it, but may leave them short of knowledge in other, critical business areas. Obviously, the business’ finances […]
21
Apr
Apr
We are not all born with a winning hand. Is this why so many of us are willing to take riskier gambles with our hard-earned money? By the way, this post isn’t about betting and casinos, but about the innocent risks we take monthly. According to the latest General Households Survey from Statistics South Africa, […]
17
Apr
Apr
While many companies pay the Skills Development Levy (SDL) that amounts to 1% of total payroll each month, not all companies are taking advantage of the incentives that allow as much as 70% of the paid levies to be claimed back by meeting certain requirements and submitting the required annual reports by the 30 April […]
17
Apr
Apr
New companies are launching every day. They each have hopes of one day becoming large brands, but the first step is cutting through the clutter, attracting customers and making their first sales. But how do you get customers to trust you when you may never have sold a single product? Why should these customers visit […]