We recently had numerous questions regarding subsistence allowances from customers restructuring their employees’ salary packages and thought it wise to share this update with our readers. Definition A Subsistence allowance is any allowance given to an employee or a holder of any office for expenses incurred or to be incurred in respect of personal subsistence […]
A refresher on Subsistence Allowances Read More »
Starting 4 September 2013, debit pull transactions on eFiling will be phased out and discontinued. This process will take place over a month. A warning message will appear on eFiling, where a debit pull transaction is no longer available. You are encouraged to perform credit push transactions or use one of our alternative methods of
How to set up a credit push SARS payment? Read More »
Every female worker knows that she’s entitled to maternity leave. We however realized from the number of queries we receive, that there is still a lot of uncertainty to this process – hence our quick 2-step guide to maternity leave. Ensuring a relaxing maternity period with your new baby is as easy as understanding the
2 Step Guide To Maternity Leave Read More »
In the previous two editions we highlighted the risks that every small business owner faces, the different options to minimize this risk as well as the importance of having a valid Will.
In South Africa, we only really have one solution for risk management and that is the so called Trust.
To Trust Or Not To Trust – Part 3 Read More »
Okay, let’s be real. Most business owners don’t create budgets.
This is understandable. It is also insane.
They may have ideas about the future. They may have numbers scrawled on napkins or whiteboards and a general intuitive sense about where they are headed financially, but they haven’t understood the essential reasons, relevance, and the utter simplicity of spending some time with their numbers in a budget process.
In the previous 2 articles, we touched base on the overview of the importance of buy-and-sell agreements as well as the structuring of the life policies that form part of the agreement. This week we will answer some of the most commonly asked questions pertaining to buy-and-sell agreements. Can a co-owner’s personal bankruptcy affect the
Buy-sell agreements – Part 3 Read More »
In this first of a four part series, we highlight the importance of protecting your assets as a small business owner and also minimizing the risks you face in running it. We’ll be looking at important factors to consider when implementing a risk management strategy and the two critical components that determine the success of this process; A Last Will and Testament and a Trust.
To Trust Or Not To Trust – Part 1 Read More »
