By midnight on 30 June 2021 you must be fully compliant with the Protection of Personal Information Act (POPIA) if you in any way process any personal information relating to a “data subject”. Very few businesses and organisations will fall outside that net, and even fewer will fall into any of the exemptions. The risks …
11 POPIA Questions to Ask Yourself Before 30 June 2021 Read More »
The Fourth Industrial Revolution (4IR) refers to the blurring of boundaries between the physical, digital, and biological worlds. It’s a fusion of advances in artificial intelligence (AI), robotics, the Internet of Things (IoT), 3D printing, genetic engineering, quantum computing, and other technologies. This leads to organisational and structural changes, some not so readily welcomed, particularly …
How SMMEs Can Benefit Financially from the Fourth Industrial Revolution Read More »
Cryptocurrencies are not new, but recent developments, including the massive gains they experienced since last year, have placed them under the spotlight. South Africans’ notable interest in them, and SARS’ renewed focus on the wealthy’s undeclared assets, together with its improved capabilities to track taxpayers’ transactions, suggest SARS is intentional about tracking these activities and …
If you employ anyone, whether as a business or as an individual, you will understand how strongly employee rights are enforced in South Africa, and how essential it is to comply with all applicable legislation. A dangerous myth in this regard is the idea that somehow there is a class of employees, usually referred to …
PAYE tax is one of the most frequently confused tax contributions both among employers and employees. It can cause anxiety, but it effectively only means that tax is being paid on behalf of the employee as it is earned, rather than at the end of the tax year, hence “Pay As You Earn”. Despite the …
The clock is ticking, and by 1 July 2021 you need to be fully compliant with POPIA (the Protection of Personal Information Act). Don’t fall into the trap of thinking “I can ignore this for now, I have until the end of June to do something about it”. Your business will benefit if you take …
Popia and your business: a practical 5-step action plan to implement now Read More »
While nobody wants to contemplate their own passing, we live in dangerous times and it is important to think about how your death will affect your loved ones financially. Planning appropriately can make a big difference to the impact that your family will feel. There are many taxes and costs associated with winding up an …
Most, if not all, entrepreneurs are passionate about their ideas or concepts for a new product or service offering. Frankly, they need to be. Once the business is up and running it is easy, and quite natural, to be so focused on your idea and business and the busyness of the operations and activities, that …
Independent Non-Executive Directors: A Value-Add for Your SME? Read More »
By the end of this month, the second provisional income tax payments for companies are due for a financial year that certainly ranks among the most difficult in recent memory – a year in which many business owners realised, as Thomas Dewar once put it, that paying income tax is in fact better than being …
Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies Read More »
With Fitch and Moody’s downgrading South Africa’s credit rating even further and the political and economic climate becoming increasingly erratic it’s perhaps unsurprising that more and more people are electing to move their money offshore. While this may seem to be a simple solution for those looking for stability it is also easy to make …
