Many businesses are classified or are being labeled as Small to Medium sized enterprises (SME’s). Do you however know that SARS has a specific tax incentive for Small Business Corporations and which businesses qualify.
How does a small business pay less tax Read More »
We all have some relationship to money, and it is usually instilled upon us from childhood. There was always more than enough or we never had any money. There was always a budget in our house or we spent money when there was any available.
How To Manage By The Numbers Read More »
Do you own, or have you ever thought of opening a guesthouse or bed and breakfast? The following special allowances might just give you the nudge you need. As a “Hotel Keeper” as defined in the Income Tax Act, you may claim a special allowance against your taxable income.
Special Tax Breaks Available To Hotels, Guesthouses And B&B’s Read More »
In South Africa, all companies used to be governed by The Companies Act, of 1973. A new legislation came into effect on 1 May 2011 called The Companies Act, of 2008.
This “new” Companies Act provides for two categories of companies, namely non-profit and profit companies.
Companies You Can Choose From When Starting Your New Business Read More »
Most business owners have a lack of financial understanding in their businesses and so leave their financial future to chance.
Some business owners have a fear of numbers. Some are overwhelmed. Most feel intimidated or embarrassed to admit that they don’t know what they’re looking for when they review financial documents.
Shaping Your Financial Future Read More »
Value Added Tax (VAT), for most of the Small Business market is payable every second month, although certain exceptions do exist where businesses pay VAT on a monthly basis.
NEW VAT Submission Deadline – Make Sure You Don’t Miss It Read More »
In the last three installments we have introduced you to the importance of having a legal last Will and Testament in place and protecting your personal wealth and business risk by setting up a Trust. We conclude in today’s session by focusing on the next steps to establish your trust.
Ok, you have convinced me about the importance of having a Trust. What now?
To Trust Or Not To Trust – Final Installment Read More »
SARS has announced the opening of the 2013 Annual PAYE reconciliation filing season – All submissions to be made from 01 April – 31 May 2013. What does this process entail? All South African employers are required to reconcile and submit PAYE, UIF and SDL contributions for the period 01 March 2012 to 28 February
2013 Annual PAYE Reconciliation – Are you ready? Read More »
With the festive season around the corner, spirits are lifting and we are all looking forward to a well-deserved break with friends and family. For most small business owners however, the festive season is usually associated with some serious cash flow issues. Follow these 6 easy steps and you might just start the new year with a positive bank balance.
6 Easy Steps To Beat The December Cash flow Blues Read More »
In most small businesses it is really important to obtain some industry benchmarks and know what the rest of the market thinks about the future. Our friends over at Hubspot, recently posted some really interesting research, that we would like to share with you. Difficulty 1) 59% of small business owners say it’s harder to
28 Tweetable Stats About Small Businesses Then vs. Now Read More »
