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Your Tax Deadlines for May 2023
5 May - Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 May - Excise Duty payments 31 May - Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable. Disclaimer: The information provided herein should not be...
Why (and How) to Submit Skills Development Reports by 30 April
“We need to give importance to skill development because this way we can end unemployment.” (Narendra Modi, Prime Minister, India) Since 1999, the Skills Development Levy (SDL) has served to fund skills development in the country. It encourages a planned and...
5 Business Plan Mistakes to Avoid
“Proper business planning demands that you focus on the self-interest of the customer at all times.” – (Brian Tracy, Author and Speaker) Writing a business plan can feel like a daunting process, and making mistakes is part of the package, even if you follow the online...
UDZ Tax Incentive Extended: Could Your Business Benefit?
“…governments internationally have increasingly used tax measures to support efforts aimed at regenerating urban areas.” (SARS Guide to the UDZ Allowance) The urban development zone (UDZ) tax incentive, provided for in section 13quat of the Income Tax Act (the Act),...
Tips for Generating Customer Trust as a Start Up
“Consumers don’t just buy products and services anymore; they buy experiences. This demands a new approach to marketing, sales, and services; one that hinges on winning customer trust.” (Ben Jackson, Author "The Future of Commerce) With customer trust being the most...
Your Tax Deadlines for April 2023
1 April – Start of the 2022/23 Financial Year 6 April - Monthly Pay-As-You-Earn (PAYE) submissions and payments 26 April - Excise Duty payments 28 April - Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable....
Budget 2023: How It Affects You and Your Business
“This is not an austerity budget. It is a budget that makes tough trade-offs in the interests of the country’s short and long term prosperity.” (Finance Minister Enoch Godongwana – Budget 2023) Finance Minister Enoch Godongwana’s second Budget contained no major tax...
Budget 2023: Your Tax Tables and Tax Calculator
The big Budget Speech 2023 tax news was the introduction of tax incentives for investing in rooftop solar and renewable energy. The Budget also detailed tax relief in the form of adjusted tables for tax and rebates for individual taxpayers, adjusted tables for...
How To Prepare a Reliable Disaster Recovery Plan
"The time to prepare for disasters is before they happen” (Stephen Matheson, Vice President of Product at BridgeHead) Given how reliant we all are on our IT infrastructure, it will come as no surprise to learn that one of the worst things that can happen to a business...
Five Essential Bookkeeping Tips for Small Businesses
“Making good judgements when one has complete data, facts, and knowledge is not leadership - it's bookkeeping” (Dee Hock, Founder and CEO of VISA) When running a small business, it often feels like you are doing everything yourself, and some important tasks can slip...