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 »
We all know we should have a valid, updated will in place. It’s the only way to protect our loved ones’ interests after we are gone. But life can be hectic, and contemplating our own mortality is a depressing exercise at the best of times, so it’s a task that can very easily drop down
Your Will Can’t Wait: The Tragic Case of a Mother Who Took Too Long 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 »
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 »
As a company director you are not normally at risk of being sued for the company’s separate debts in your personal capacity, but there are exceptions. Both creditors and directors should always bear them in mind. Let’s examine in this light a High Court case in which the buyer on auction of a car was
Directors – When Are They Personally Liable? Read More »
There are many ways in which taxpayers can find themselves owing SARS a tax debt, and this is an issue that cannot be postponed or ignored – immediate action is required to prevent SARS from exercising their wide powers of debt collection. In this article, we look at how tax debts arise; how taxpayers are
Owe SARS a Tax Debt? Here Are Your Options… Read More »
Being in business can sometimes feel a little like running a race. There is a fear that if you aren’t moving forward, you are somehow falling behind. This sense leads to business leaders constantly sniffing out new opportunities, and trying to develop, create and grow new avenues of income for their company in the hopes
Keep Your Business Simple! Read More »
Yet another tax season is upon us, and this year the D-dates are much closer than you think! With the submission deadlines for all taxpayers substantially earlier this year, taxpayers are well-advised to get started on their tax returns without delay, making sure there is sufficient time to address any potential issues that may arise,
Tax Season 2022 Now Open: Beware, This Year’s Deadlines are Shorter! Read More »
Building your business has been hard, but right now it all seems to be working. You have dozens of clients and a history of good service and strong reviews. It may seem like it will be all smooth sailing from here, but this is almost certainly not the case. As the Covid-19 pandemic proved, a
How to Prepare for and Manage a Business Crisis Read More »
Informed business decision-making – from effective daily financial management to strategic future planning – requires specific, timely information that allows business owners to understand where the business stands financially at a certain time, what is happening over a period, and where action is required to improve financial performance. This information can be found in a
Five Financial Reports for Informed Decision-Making Read More »
