A couple’s guide to managing your finances
Seven simple tips for positively managing your finances together with your partner. The subject of ‘finances’ may seem as though it’s the antithesis of romance, since we all know that financial problems can act to the detriment of relationships However, working to manage your finances effectively together is often vital to building and maintaining a […]
Get paid on time: Five tips for business owners
Small businesses can master the skill of getting paid on time here’s how. For small and medium businesses, getting paid on time is one of the biggest administration headaches. After all, when customers don’t pay on time, cash flow takes a knock and you need to borrow money to pay suppliers and service providers. Let’s […]
Harnessing technology to amplify efficiency
In a world where adaptability is the key to survival and prosperity, organisations across various industries are striving to stay ahead of the curve. Economic and societal volatility, coupled with evolving market dynamics, have spurred businesses to find innovative ways to meet their objectives while navigating an ever-changing landscape. An essential strategy in this quest […]
Unlocking the benefits of expert tax planning
Tax planning is the strategic organisation of financial affairs to minimise tax liability by utilising deductions, exemptions, allowances, and rebates within the confines of the law. Despite the perceived complexity, tax planning offers streamlined financial management and significant savings. For business owners, it is an ongoing commitment with substantial benefits, going beyond tax payment to […]
Securing your business’s future: FICA Compliance in South Africa made simple
To thrive in South Africa’s ever-changing economic landscape, it is crucial to have a thorough understanding of your regulatory responsibilities, including compliance with the Financial Intelligence Centre Act (FICA). Recognised not just as an additional requirement to your current protocols, but rather as a fundamental component in upholding your business’s integrity, FICA ensures transparency and […]
HOW TO FUTURE-PROOF YOUR BUSINESS BEFORE THE NEXT CRISIS
While the possibility of a global pandemic was always at the back of our minds, its emergence still managed to catch us off-guard and wreaked havoc on every aspect of our lives, particularly the world of work. Therefore, it’s safe to say that Covid-19 has been a wake-up call for organisations to rethink their priorities […]
BALANCING YOUR BUSINESS’S LOSSES AND TAXES
In line with the 2020 Budget Announcement, Government proposes to broaden the corporate income tax base by restricting the offset of the balance of assessed losses carried forward to 80% of taxable income. The proposal extends to the balance of assessed losses at the time of implementation, i.e. it is not only the accumulation of losses starting […]
MAYDAY, MAYDAY! ARE YOU EQUIPPED FOR A WORKPLACE EMERGENCY?
It is a thing of human psychology to be aware of the potential danger in our surroundings, which makes it very easy for us to keep ourselves safe from things that pose an immediate threat. What we are perhaps not so adept at, is identifying the possible dangers and not-so-immediate threats. There are a variety of laws and […]
HOW TO REDUCE THE RISK OF EMPLOYEE BURNOUT FROM A MANAGEMENT PERSPECTIVE
There’s a wonderful thing about the way that our minds and bodies function to keep us healthy. Throughout our nervous systems, our bodies are constantly processing information and sharing that information with the various systems that require it. When something goes wrong, our bodies will try to tell us. But what if reach a point where you have been grinding […]
SARS HELPING BUSINESSES LESSEN THE TAX LOAD
The last few months have been extremely tough for small business owners as a result of the global COVID-19 pandemic, and various lockdown measures that have created a challenging trading environment. The South African Revenue Service (“SARS”) has identified this hardship, and as a result, the National Treasury recently tabled the Disaster Management Tax Relief Administration Bill, which would assist micro, small and […]