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How to Know if You Need an Office for Your Business (and How to Make the Most of a Lease if You Do)
“In business, you don't get what you deserve, you get what you negotiate,” Chester Karrass, Founder of Seminar group Karrass. At some point, around halfway through the pandemic, experts began to whisper that office space was dead. “No one will be using an office by...
Your Tax Deadlines for January 2023
6 January - Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 January - Excise Duty payments 31 January - Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable. Disclaimer: The information provided...
The Why and the How of Annual Price Increases
“Pricing power is important in business. You want your business to have the ability to raise prices as needed, especially with regard to inflation.” (Hendrith Vanlon Smith Jr) It is imperative that businesses increase their fees, rates or product prices annually by at...
Simple Communication Tips to Boost Your Profitability
"Communication is a skill that you can learn. It's like riding a bicycle or typing. If you're willing to work at it, you can rapidly improve the quality of every part of your life.” (American business speaker Brian Tracy) Successful communication can be the difference...
What is the Metaverse and How Will It Impact Your Business?
“Metaverse isn't a thing a company builds. It's the next chapter of the internet overall” (Mark Zuckerberg, Meta) Among businesses, one of the most misunderstood aspects at the moment is ‘The Metaverse’. Businesses that do understand this new phase of the internet are...
Your Tax Deadlines for December 2022
7 December Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 December Value-Added Tax (VAT) manual submissions and payments 29 December Excise Duty payments 30 December End of the 3rd Financial Quarter 30 December Value-Added Tax (VAT) electronic...
Selling Your Business – Plan Well, with a Tax Benefit When You Retire
“A diligent buyer will want up to five years’ worth of profit and loss statements, bank statements, tax returns, leases, supplier and vendor contracts, and customer data.” (Barbara Findlay Schenck – Author “Selling Your Business for Dummies”) The reasons why a...
Business Loan or a Credit Facility – Which Is Right for Your Business?
“I would borrow money all day long, if the cost of borrowing is less than the expected return.” (Brad Schneider, American congressman) At some point it's more likely than not that your small business will require a business loan. A 2021 study done by Fundera (a US...
SARS Can Take Money from Your Account! Here’s How to Prevent It…
“[Taxpayers] should give at least the same priority to tax obligations as their other responsibilities.” (SARS’ Short Guide to the Tax Administration Act) SARS has wide powers when it comes to the collection of tax debts and just one of these is the power to collect...
Don’t Let Fraud Infect and Damage Your Company
“In a way, fraud in business is no different from infidelity in marriage or plagiarism in scholarly work. Even people committed to high moral standards succumb” (Miroslav Volf, Director of the Yale Center for Faith and Culture) Fraud (in this context) is the act...