“We would simply ask taxpayers to consider carefully the longer-term implication of defining an area in their primary residence as a home office for tax purposes” (Edward Kieswetter – SARS Commissioner) “All employers should allow their employees to work from home unless it is absolutely necessary for them to perform work on-site” was among the…
“Generosity is a virtue, but unlimited generosity is a fast route to bankruptcy” (Bret Stephens) Healthy cash flow is what keeps a company afloat. The ability to pay suppliers and staff, without risking the future of the business, entirely independently of expected new payments, is vital for any enterprise to keep going. In this era…
“When looking for funding, don’t just look for cash. Look for the right people” (American fashion entrepreneur, Jodie Fox) According to South African Reserve Bank data, the low level of small business financing appears to be emanating from the demand side as “the vast majority of SMEs indicate that they do not borrow from financial…
“One of our strategic objectives is to make it easy for taxpayers to comply with their tax obligations, and hard and costly for those who willfully do not comply” (Edward Kieswetter, SARS Commissioner) Earlier this year, SARS and the NPA (National Prosecuting Authority of South Africa) announced that they are joining up to deal with…
7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 August – Value-Added Tax (VAT) manual submissions and payments 30 August – Corporate Income Tax (CIT) Provisional Tax Payments, where applicable 30 August – Excise Duty Payments 30 August – Personal Income Tax (PIT) Provisional Tax Payments Disclaimer: The information provided herein should not be used…
The future of money is digital currency” (Bill Gates, Co-founder of Microsoft) Note: The risks and consequences of willfully or negligently failing to make full and true declarations to SARS, or to submit documents or information requested by SARS are now substantial, so ask your accountant for advice specific to your circumstances! Cryptocurrencies have been…
“If [business is] not listening to the youth, they are not listening to their future competitors, employees, or customers” (Wadia Ait Hamza, head of Global Shapers at the World Economic Forum) Youth Day commemorates and celebrates the impact the youth of a country can have on the future – the Soweto Uprising on 16 June…
“Digital is the main reason just over half of the companies on the Fortune 500 have disappeared since the year 2000” (CEO of Accenture, Pierre Nanterme) With the increased buzz around 4IR (the Fourth Industrial Revolution) in the last year particularly, due to lockdowns and “isolated industrialization”, it’s befitting to zoom-in the lens on how SMMEs…
“You are what you share” (Charles Leadbeater, We Think: The Power of Mass Creativity) Instagram is a popular photo and video-sharing social media platform with over one-billion active users around the globe. Users are able to share photo or video posts as well as temporary “Stories” that exist on their profile for just 24 hours.…
7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 June – Value-Added Tax (VAT) manual submissions and payments 29 June – Excise Duty payments 30 June – Value-Added Tax (VAT) electronic submissions and payments 30 June – Corporate Income Tax (CIT) Provisional Tax Payments where applicable 30 June – End of the 1st Financial…