Most people who start a business know that they need a business plan – a guide to starting and managing the business to ensure success. Business plans detail all the elements that go into building the business so they are a crucial way to get off on the right foot. While the reality of your […]
13
Mar
Mar
Money makes the world go round. And it can leave some people spinning. The thing is, whether we focus on it or not, it plays a significant role in our day-to-day activities. Ultimately, our ability to manage our finances can have a profound impact on our quality of life. Ask yourself: Are you avoiding managing […]
08
Mar
Mar
Employers and their employees should take note of the increases from 1 March 2023 in both the National Minimum Wage (NMW) and the “Earnings Threshold” provided for in the Basic Conditions of Employment Act (BCEA). The threshold also impacts on employee protections in the Labour Relations Act (LRA) and in the Employment Equity Act (EEA). […]
08
Mar
Mar
National Budget 2023 focussed firmly on the energy State of Disaster. The most prominent announcement was that government would take over R254 billion of Eskom’s debt, while two tax relief measures totaling R9 billion were introduced to assist individuals and businesses to invest in solar and renewable alternatives. As a result of this and an […]
08
Mar
Mar
If there is one thing the recent market and global economy has taught us, it’s that almost anything can happen and it’s wise to plan ahead. Whether it’s a sudden flood, a hacking incident, or a fire in your office, companies need a way to first survive any data loss and then come back from […]
08
Mar
Mar
Entrepreneurs have a lot to deal with on a daily basis. From managing customers to ordering stock, handling marketing, and networking – the days aren’t short of obligations. As a result, it can be difficult to find time to draw up spreadsheets and analyse finances. The problem is that managing your books and keeping finances […]
10
Feb
Feb
Previously, company losses could (subject to certain requirements) be offset against 100% of taxable income in the following year, with any balance rolling over to subsequent years. Under the new rules, an assessed loss can now only be set off against 80% of taxable income or R1 million – whichever is higher – in the […]
10
Feb
Feb
With both fuel and vehicle ownership costs at historic highs, it is more crucial than ever for taxpayers to keep accurate, up-to-date, and securely stored logs of all business travel as well as proof of related travel costs. This is because expenses related to business travel can be deducted from taxable income – but only […]
10
Feb
Feb
So why did you buy that car despite the extra burden it places on your monthly expenses? Why did you not go on that well-deserved overseas holiday when you can clearly afford it? It all comes down to the psychology of spending money, a fascinating process that influences whether you swipe or save. Here’s the […]
09
Feb
Feb
From damaged equipment, and staff and machinery sitting unproductively for hours, to numerous missed deadlines, there is no doubt that constant loadshedding is taking a heavy toll on South Africa’s small to medium businesses. With no short-term solution in sight, it’s clear that to survive and hopefully thrive South Africa’s entrepreneurs are going to have […]