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 »
The legacy you would leave behind, if today turned out to be your last day, is detailed in your current estate plan and your will (“Last Will and Testament”) – quite possibly the most important document you will ever sign, because it is the only way to ensure those you care about are protected and …
Estate Planning: Act Now to Protect Your Family and Business After You Are Gone Read More »
All employers and employees need to know of the new “Code of Good Practice on the Prevention and Elimination of Violence and Harassment in the Workplace” which came into effect during March. We discuss who the Code applies to, when and where it applies, and what you as an employer have to do about it …
Workplace Harassment: The New Code in a Nutshell Read More »
New rules have been established around the treatment of corporate assessed losses, and these are already in effect, limiting the amount of previous assessed losses that can be offset against a company’s annual income tax liability in future financial years. The change follows the reduction in the corporate tax rate from 28% to 27% and …
Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You? Read More »
First prize will always be a plan that goes beyond just the practical and the financial and leaves something far more personal, something of yourself. Procrastination is a natural reaction to any contemplation of our own mortality, but this need not be an intimidating process, and no one can afford to procrastinate when it comes …
Don’t Just Leave Your Loved Ones Assets – Leave Them a Legacy! Read More »
A nightmare situation for many South African taxpayers is discovering after their year-end tax assessment that the PAYE they paid on various income streams during the year was not enough. The result is a substantial tax debt, which can often not be settled in time to prevent hefty late payment penalties and interest. To avoid …
Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners Read More »
Your will lies at the heart of ensuring that your loved ones will be able to cope financially once you are gone, so it is of course vital that it be both valid and an accurate reflection of your wishes. A little-known danger in this regard is that you might inadvertently disqualify one or more …
Don’t Accidentally Disqualify Your Chosen Heirs from Inheriting! Read More »
Another channel has been made available to taxpayers to inform SARS that they are ceasing to be tax residents. While this might make it seem a simple matter to break South African tax residency, the reality is that doing so requires comprehensive understanding of the implications and careful planning, whether for a person, a trust …
Whether it’s referred to as the End of Financial Year or “EOFY”, Close of the Financial Period, Financial Year End or FYE, or simply ‘Year End’, this important time is just around the corner for many companies on the 28th of February. It is the end of the annual accounting period and an ideal opportunity …
Financial Year End Reporting: Challenges to Manage, Opportunities for Benefit Read More »
