If you are a non-provisional taxpayer, you have only a few more days to ensure you have claimed all the permissible rebates before the submission deadline of 24 October. Among the most useful tax rebates in this regard is the medical expense credit, and it applies to a broad selection of taxpayers. While many taxpayers […]
Are You Claiming Your Full Tax Relief for Disability-Related Medical Expenses? Read More »
Sometimes in business you can see the end coming from a mile away. Losing your biggest client, conceding market share to a new competitor, or having your product become obsolete are all obvious signs that tough times are on the way. Some killing blows are a lot harder to detect. Perhaps one of the least
Is Your Pricing Model Killing Your Business? Read More »
What qualities would your perfect customer have? On the surface this is a casual question, but a little examination shows it to be one of the most important ones any small business leader will have to answer. The traditional view of customers would hold that anyone you can attract to interact with your company and
How To Avoid Bad Customers Read More »
It’s no secret that economies around the world are struggling. Increased inflation, booming petrol prices and erratic stock markets are everywhere, and South Africa is not immune. Recently an economist at Oxford Economics Africa, Jee-A van der Linde, was quoted in the daily Maverick speaking about South Africa specifically. “Real gross domestic product [GDP] contracted
Recession on the Horizon: Here’s How to Survive Read More »
If you operate a business with one or more employees, and/or if you are a domestic employer, you are required by the Compensation for Occupational Injuries and Diseases Act (COIDA) to register with the Compensation Fund, to keep certain records, and to pay a tariff based on annual earnings. These are not new requirements but,
Are You Ready for a COIDA Employer Site Visit and Audit? Read More »
Now is the time for South African businesses to re-strategise their energy sources and consumption patterns, for a number of reasons that have recently been highlighted. With the challenges of Stage 6 loadshedding still fresh in our memory, government’s multiple measures to address this national crisis, announced just a month ago by President Cyril Ramaphosa,
Loadshedding: Tax Incentives for Energy Efficiency and Alternative Power Read More »
When it comes to managing a small business, no tool will be as important as your accounting software. Accounting software allows entrepreneurs to track accounts receivable and accounts payable, have a clear understanding of their profitability, and be prepared for tax season, all of which are essential for keeping cash flows intact and fulfilling obligations.
Choosing Accounting Software for Your Small Business Read More »
Credit. If you own your own business, it’s very likely you already understand the valuable role that having a good credit score can play in a person’s private life, but it is just as valuable for your small enterprise. Business credit is one of the most important tools in any entrepreneur’s toolkit. Building a good
The Importance of a Good Credit Score Read More »
Cash flow has been called the ‘lifeblood’ of a business, and all business owners can attest to the harsh reality that cash flow can make or break a company, particularly in the still-constrained financial circumstances of the post-pandemic business world, in which inflation and rising interest rates are creating further cash flow challenges. Given the
Top Ten Tips for Maintaining a Strong Cash Flow Read More »
SARS recently issued a reminder that all trusts – whether dormant or active – need to be registered for income tax, and that the trust income tax return must be filed by the applicable 2022 tax season deadline dates. Many business owners and individuals have trusts, set up to manage and protect assets for nominated
Is Your Trust Registered and Ready for Income Tax? Read More »
