Any remedy is going to depend on having financial statements that are reliable” (Tom Foley) On the last day of February each year, many companies face their end of the financial year or “EOFY”. Whether it’s referred to as the EOFY, Close of the Financial Period,...
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We aim to provide all the answers to the questions you have about your finances, taxes, books, etc
Five Tips for Improving Your Workforce Management
“It is equally important to know if we have a happy and engaged workforce as it is to have a profitable bottom line.” (Vern Dosch, Wired Differently) Managing any workforce, but particularly a large one across many units, sometimes in multiple countries, is far from...
SMEs – Why You Should Consider Employee Benefit Packages
“Human resources isn't a thing we do, it's the thing that runs our business” (American real estate developer, Steve Wynne) An effective employee benefit strategy is more of an advantage to an employer than may at first meet the eye. Although providing benefits...
Interest Rate Hikes: How to Buffer Your Business in 2022 and Beyond
“The implied policy rate path of the Quarterly Projection Model indicates an increase of 25 basis points in the fourth quarter of 2021 and further increases in each quarter of 2022, 2023 and 2024.” (Lesetja Kganyago, SARB Governor) After cutting interest rates by 275...
The Top 10 Complaints Against SARS: What You Can Do to Protect Your Rights
“… the OTO commits to continue doing everything possible to ensure that taxpayers are not forced to pay a cent more than what is required.” (Judge Bernard Makgabo Ngoepe, the Tax Ombud) The list of the top 10 complaints made against SARS over the last eight years to...
Festive Season Cybercrime Alert: Tips from SARS
“Cyber Attack: An attack, via cyberspace, targeting an enterprise’s use of cyberspace for the purpose of disrupting, disabling, destroying, or maliciously controlling a computing environment/infrastructure; or destroying the integrity of the data or stealing...
‘Tis the Season for Giving but Beware the Taxman!
"Think of giving not as a duty but as a privilege." (John D. Rockefeller Jr.) Christmas is a time for giving, and in our local business environment, as well as in many other markets around the world, it may even be unofficially expected of companies to give generously...
Boost Your Business Plan – Build an Effective Website with These 6 Tips
"Almost overnight the internet has gone from a technical wonder to a business must” (Bill Schrader) No matter the size of your business or what industry you are in, building and maintaining an effective website should be at the heart of all your planning. The...
How To Get a R1.8m CGT Exclusion When Selling Your Small Business
“The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital... the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy” (John F. Kennedy) Since...
What Auto-Assessed Taxpayers Must Know as the November Deadline Looms
“The hardest thing in the world to understand is the income tax” (Albert Einstein) A year after the first mass auto-assessments were issued by SARS in 2020, many more taxpayers are facing the 2021 tax season deadline of 23 November - just days away! Read on to find...
Crypto Assets and Tax – From the Horse’s Mouth
“The future of money is digital currency” (Bill Gates) If you are thinking of buying – or have bought - any “crypto asset” such as a crypto currency like Bitcoin, Ethereum, Polkadot, Solana (or any of the many other crypto currencies springing up all over the place),...
How to Build Your Business with Freelancers
"The gig economy is empowerment. This new business paradigm empowers individuals to better shape their own destiny and leverage their existing assets to their benefit” (John McAfee) The modern world of work was already changing by the time Covid-19 hit. The “gig...
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