While nobody wants to contemplate their own passing, we live in dangerous times and it is important to think about how your death will affect your loved ones financially. Planning appropriately can make a big difference to the impact that your family will feel. There are many taxes and costs associated with winding up an …
There is a new lane for tendering and an urgent need for assistance from government that has been created by Covid-19 PPE tenders, and other tenders used to fight the pandemic that have increased the scope of tender targets for SMMEs. The government is seemingly incapacitated by the pandemic and the PPE tenders that have …
How to Find and Secure Tenders for Your Small Business – 5 Expert Tips Read More »
Most, if not all, entrepreneurs are passionate about their ideas or concepts for a new product or service offering. Frankly, they need to be. Once the business is up and running it is easy, and quite natural, to be so focused on your idea and business and the busyness of the operations and activities, that …
Independent Non-Executive Directors: A Value-Add for Your SME? Read More »
By the end of this month, the second provisional income tax payments for companies are due for a financial year that certainly ranks among the most difficult in recent memory – a year in which many business owners realised, as Thomas Dewar once put it, that paying income tax is in fact better than being …
Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies Read More »
Both employers and employees should understand what “constructive dismissal” is all about. We discuss what it means, how it works in practice, and the three things that must be proved for a claim to succeed, by looking at a recent Labour Court matter in which two special needs teachers resigned from their jobs but then …
Workplace Bullying – Can You Claim Constructive Dismissal? Read More »
If there was ever a protocol-challenging year in recent memory, it has to be 2020. Due to its challenges imposed as a result of Covid-19, improvisation and ingenuity were required. Some of the results of these will remain with businesses long after the pandemic is over as they have proved to be as convenient and …
With Fitch and Moody’s downgrading South Africa’s credit rating even further and the political and economic climate becoming increasingly erratic it’s perhaps unsurprising that more and more people are electing to move their money offshore. While this may seem to be a simple solution for those looking for stability it is also easy to make …
South African companies are exposed to a significant tax risk. Companies are liable for a range of direct taxes, indirect taxes and employees’ taxes that are continuously subject to legislative changes and administrative improvements by SARS and National Treasury. This means not only great complexity and high cost in terms of compliance, but also high …
Companies: How to Manage Your Greater Tax Risk in 2021 Read More »
Tax-free savings accounts (TFSAs) have been around for just over five years, and yet many people still do not know about them, are unfamiliar with the benefits or don’t know how to take maximum advantage of this unique investment opportunity. Ideally part of a diverse portfolio, TFSAs are not quite as straightforward as they may …
6 Tips for Getting the Most from Your Tax-Free Savings Account Read More »
During his 2020 Medium-Term Budget Policy Speech not so long ago, Finance Minister Tito Mboweni announced that government has projected tax increases of R5 billion in 2021/22, which will be followed by increases of R10 billion in 2022/23, R10 billion in 2023/24 and R15 billion in 2024/25. These impositions will require SMMEs to utilise the best available accounting skillset to minimise …
Accounting Tips for SMMEs in a Rocketing Tax Future Read More »
