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Your Tax Deadlines for July 2023
7 July - Monthly Pay-As-You-Earn (PAYE) submissions and payments 28 July - Excise Duty payments 31 July - Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable. Disclaimer: The information provided herein should not...
How to Use AI to Improve Your Small Business
“The amount of work we can automate with AI is vastly larger than before. As leaders, it is incumbent on all of us to make sure we are building a world in which every individual has an opportunity to thrive.” (Andrew Ng, Co-founder and lead of Google Brain) Artificial...
New Trustee Duties: More Admin, Impossible Deadlines and Hefty Penalties
“A trustee has a responsibility to guard the assets of others with a higher degree of care than he does his own.” (John Ashcroft) Onerous new duties have recently been imposed on all trustees of all trusts - by government through legislative amendments, and also by...
When to Say No to an Opportunity (or a “Barnacle”)
“The difference between successful people and really successful people is that really successful people say no to almost everything.” (Warren Buffet, Investor) Anyone who has ever started a business knows the feeling a new enquiry can generate. The excitement that...
Can the R&D Tax Incentive Benefit Your Business?
“The government expects that, by encouraging companies to undertake R&D in South Africa, local companies will strengthen their capabilities of developing value-added products, technologies and services.” (Department of Science and Innovation (DSI) - South Africa)...
Your Tax Deadlines for June 2023
7 June - Monthly Pay-As-You-Earn (PAYE) submissions and payments 29 June - Excise Duty payments 30 June – End of the 1st Financial Quarter 30 June - Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable. Disclaimer:...
How You and Your Business Can Benefit from SARS’ Solar Tax Breaks
“The lack of reliable electricity supply is the biggest economic constraint… I am pleased to announce two tax measures to encourage businesses and individuals to invest in renewable energy and increase electricity generation.”(Finance Minister Enoch Godongwana –...
Affordable Ways to Reap the Benefits of Engaged Employees
“Always treat your employees exactly as you want them to treat your best customers.” (Stephen R. Covey) Gallup describes “engaged employees” as those who are involved in, enthusiastic about, and committed to their work and workplace. Numerous studies over many decades...
Setting Up Your Finances in a New Business
“A house built on granite and strong foundations, not even the onslaught of pouring rain, gushing torrents and strong winds will be able to pull down.” (Haile Selassie, Former Emperor of Ethiopia) When starting a new business, few things are as important as...
Happy Tax Freedom Day!
“In 2022 South Africa had the 12th highest income tax burden, the 9th highest company income tax burden, and the 14th highest non-resource tax burden worldwide.” (Garth Zietsman, South Africa's Tax Freedom Day statistician) Tax Freedom Day marks the day in the year...