The Pillars of Success: Why Small Businesses Must Prioritize Up-to-Date Bookkeeping
In the bustling world of small business, every decision, no matter how seemingly insignificant, can significantly impact the company's overall success. Maintaining up-to-date bookkeeping is one such decision that often takes a back seat but is absolutely crucial....
Understanding the impact of employee satisfaction on the success of your business
Employee satisfaction is an important factor in the success of any business. Employees who are happy and satisfied with their job are more likely to be productive, engaged, and committed to the company's goals. In contrast, unhappy employees can drain productivity and...
The Advantages of Estate Planning: Maximising Tax Planning Benefits
Estate planning is a critical aspect of financial management that ensures the seamless transition of assets and provides for your loved ones' financial security. It involves creating a comprehensive strategy to protect your assets, minimise taxes, and preserve your...
The importance of a budget for your Business
As a business owner, it is important to have a clear understanding of your financial situation. One of the most effective ways to do this is by creating and sticking to a budget. A budget is a financial plan that outlines your expected income and expenses over a...
How to Save Money During a Struggling Economy
The current economic situation has left many people struggling to make ends meet. With rising prices and stagnant wages, it can be challenging to keep up with the bills and still have money left over for savings. However, there are ways to save money during a...
Pitfalls to Avoid in Business
Starting a business can be an exciting and rewarding experience but also fraught with challenges and pitfalls. Many entrepreneurs fail to recognise these pitfalls, which can lead to the demise of their business. In this article, we will discuss some common pitfalls to...
Four ways to change the trajectory of your business
A previous study published in the Journal of Enterprise Transformation (https://rb.gy/jbnrmo), discussed the various challenges entrepreneurs face during the growth of their businesses. Businesses most often don’t show any growth because of a lack of resources and the...
Simple strategies for not falling into debt
Debt is part of most people's financial life. But how do you avoid getting into too much debt? As a starting point, it may be wise to know how much debt is too much. The rule of thumb is that your annual debt payments should not exceed 20% of your annual take-home...
Easy guidelines to starting a business
Most of us, at some point in life, had an excellent plan to start a business but never went through with it. The excitement of starting a new business can soon be clouded by the uncertainty of what steps to take and the fear of...
SARS Tax season changes for 2022
SARS has made two changes to the tax season that will directly impact taxpayers, which is vital to note. Auto assessments SARS implemented a new feature to the auto assessment process that entails that you do not need to “accept” the assessment should you agree with...
Budgeting 101: Strategies for long-term success
Revisiting your current spending habits and budgeting plan is essential with the constant rise in living costs. We suggest you choose a budgeting strategy based on your personal preferences and lifestyle to ensure you stick to it over the long term. The 50/30/20...
Take control of your financial future: How to set New Financial Year goals
It is a new financial year! Budgets have been spent, targets have (hopefully) been met and it's time to start the process all over again! Planning for a new financial year is just as important for your long-term and short-term success as setting your personal goals at...
The changing workplace after lockdown: what to expect in 2022
Our world of work has changed fundamentally after the pandemic. Lockdowns and restrictions forced many companies to adapt different ways of doing things. Employees have also changed their way of viewing their tasks, job descriptions and position in the workplace. Some...
Surviving The Festive Season Financially
The festive season is fast approaching, and all that merry-making can be expensive. There is a lot of pressure to buy things during the holidays, and that can be stressful—and bad for your wallet. However, there are ways to ensure that you cover all your monthly...
Is it more beneficial to register my business as a private company?
Most entrepreneurs start off as Sole Proprietors, running and operating their business as an individual. At some point, however, it may make sense to formally register your company with the Companies and Intellectual Property Commission (CIPC). What are the main...
Improving Your Cash Flow Through Proper Debtor Management
Debtors are people or businesses who owe you money. Enforcing proper debtor management functions are critical in maintaining the healthy cash flow of your business. In essence, you are providing credit to your customers when waiting on payment after delivering...
Claiming For Your Home Office Expenses
It has become common in recent times for employers to require or permit employees to work from home after the lockdown regulations came into effect due to Covid-19. Such arrangements could be temporary or may have a degree of permanency. Persons in employment or...
The Tax Implications of Investing in Crypto
The SA Revenue Service is quite keen on figuring out who has made money off bitcoin and similar tokens in South Africa. High-net-worth individuals, offshore investors and cryptocurrency investors have explicitly been targeted as areas likely to yield much of the extra...
Invest Smart And Save On Tax!
Improving one’s financial outlook is possible when investing optimally and taking the tax implications of these investments into consideration. This is especially relevant in today’s times with the financial impact of the Covid-19 pandemic; we need to make sure that...
The SARS War on Tax Evasion and Non-Compliance – Do Not Be A Victim!
SARS is on a drive to ensure compliance and clamp down on those not paying their due in taxes. If there was ever a good time to make sure your tax affairs are in order and your information updated with SARS, now is the time! Tax Evasion If you are like most South...