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We know it’s been a long year, but there’s one last item you need to add to your company’s new year’s resolution list: Business collaborations. Don’t stress – we get that everyone’s operating in survival mode to make it through the last stretch of 2018. So in our final post for the year, we offer …
Over the last year, the National Treasury has been keeping busy. Some of the changes included amendments to legislation relating to trusts and donations tax. This was introduced in section 7C of the Income Tax Act. In this blog post, we run through the highlights to avoid stepping into a nasty tax snag. THE STORY OF HOW …
TRUSTS AND DONATIONS TAX: DON’T GET TANGLED UP IN THE SNAGS Read More »
Whether to use an in-house or outsourced accounting team is an age-old debate. We’ve wrote about it in the past and we still hope more business owners take the time to weigh their options. The true value of an outsourced accounting team is a way under-rated and an untapped resource for many small business owners. …
HOW THE BENEFITS OF OUTSOURCED ACCOUNTING OUTWEIGH THE REST Read More »
Shareholders and directors need to familiarise themselves with the implications of having a director’s loan account in their companies. Especially – when the balance sits on the wrong side of the trial balance. The colourful SME landscape in South Africa is characterised by many thriving entrepreneurial enterprises. Astoundingly, these successful initiatives are often driven by …
Calculating a company’s Public Interest Score (PI score) should be a two-minute exercise for any SME company. The term has however managed to intimidate and confuse many small business owners. We’d love to shed some light on the topic and summarise what you need to know. Why your Company’s Public Interest Score Matters First off, …
HOW UNDERSTANDING YOUR COMPANY’S PI SCORE COULD SAVE YOU MONEY Read More »
Deciding on the right corporate structure, is a head-scratcher that most people wrestle with when starting out their new business. The different options can be quite overwhelming and often, entrepreneurs just need someone to break it down for them. Our CEO, Marnus Broodryk, shared his insights on the matter in his book – 90 Rules …
HOW TO CHOOSE THE RIGHT CORPORATE STRUCTURE FOR YOUR NEW BUSINESS Read More »
There’s nothing more discouraging than receiving an additional assessment on a VAT refund submitted to SARS. It’s even more heart-breaking when the assessment was issued due to invalid supporting documentation submitted to SARS. This could be as trivial as small detail missing on a tax invoice. Unfortunately, that petty detail becomes very important when it …
GET IT RIGHT THE FIRST TIME: NAILING SARS INVOICE REQUIREMENTS Read More »
Over the last year, many South Africans have been caught up in the bitcoin frenzy. Some made millions with cryptocurrencies, while others lost so much – it hurt. Fact is – there were many early birds who caught the biggest worms. And boy, it was one hell of a winning streak.It was going so well, …
WHY YOU WANT TO DECLARE YOUR CRYPTOCURRENCY TO SARS Read More »
The 2018 tax season for individuals opens on 1 July 2018 and serves as a reminder that we’re flying towards the end of the year. Whether you’re a first-timer, or an old hand when it comes to submitting an income tax return: Take three minutes to make sure you’re not paying the taxman too much …
‘TIS THE SEASON: SAVE WITH THESE INCOME TAX DEDUCTIONS Read More »
Sales growth is the underlying force that propels the success of our companies. It’s the one thing we all have in common – we need business to survive. Recently, our firm realised that many of our clients are hungry for advice on how to boost sales. In this blog, we’d like to highlight a few …
THE MOST ASKED QUESTION BY ENTREPRENEURS: HOW TO BOOST SALES Read More »
