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The Importance of Maintaining Your Tax Compliance Status in 2023

Businesses are often required to provide tax clearance information to other entities including, for example, existing or potential clients, financial institutions, or even investors, and for reasons ranging from applying for a tender to confirming good standing. Previously, proof of tax compliance status was made available through a manual tax clearance certificate, but today it

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New Year, New Business – How to Pick the Right Legal Entity for It

2023 dawns and you decide to realise your dream – you’re finally going into business for yourself. No more 9-5, no more horrible bosses, no more cubicles and endless meetings, no more corporate nonsense… But are you an entrepreneur? What’s your plan? What legal entity should you trade in? We share some thoughts on how

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Selling Your Business – Plan Well, with a Tax Benefit When You Retire

There are many reasons why a business owner may decide to sell a business built up with great effort over time: perhaps to start another business or pursue a different opportunity; maybe for health reasons, to relocate or retire; or as part of a succession plan or exit strategy. For whichever reason you might be

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SARS Can Take Money from Your Account! Here’s How to Prevent It…

The ability to collect money owed by taxpayers from third parties (banks for example) who hold money for them is just one of SARS’ wide powers when it comes to the collection of outstanding tax debts. Fortunately, because these powers are so extensive and can potentially place companies or individuals in dire financial distress, taxpayers

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9 Key Metrics Every Business Should Track

Metrics allow businesses to track the growth and performance of various aspects of the business, enabling owners and managers to monitor a company’s progress toward its goals, identify and manage proactively potential problems, and make well-informed intelligent decisions. Many business metrics can be tracked by a company, and those selected will ultimately depend on your

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Loadshedding: Tax Incentives for Energy Efficiency and Alternative Power

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,

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