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...
How To Apply For Financing, Even With A Low Credit Score
Most people are not able to buy a car in cash upfront, so the only way to afford a car is by applying for vehicle financing. The first requirement lenders look out for is a credit score. Since buying a car is a long-term arrangement, the lender needs to know the...
Employment Tax Claims While Working from Home During Lockdown: What Is Allowed?
With a large portion of employees working from home during the lockdown, many people have asked the question of whether, and how, they can benefit from personal tax deductions in respect of working from home. Up to date, there were no announcements in terms of any...
How to Minimize the Tax Burden on Your Estate
Understanding how your estate will be taxed and how the various tax laws apply is key to formulating a good estate plan. It is important while doing estate planning, to make sure that it is aligned with your will and that it is formulated in such a way that the tax...
10 Ways to ensure you have a successful business
Every entrepreneur and business owner wants to own a successful and profitable business, but it's not always clear how to get there. We have compiled a list of some critical aspects that should be in place for you to call your business successful. 1. Earning a profit...
6 Practical Steps to POPI Compliance
South Africa's Protection of Personal Information Act (POPIA) finally came into full force on 1 July 2020 except for two provisions, sections 110 and 114(4), which will only commence on 30 June 2021. While the Act has been put into operation incrementally since April...
Love & Money: 12 Pitfalls to Avoid to Save Your Relationship and Financial Future
Money is the root of all evil – or so the saying goes. Financial stress and -indifferences between partners can lead to the deterioration of an otherwise healthy relationship and cause unnecessary strain. It is important to get comfortable talking about money with...
Leaving Your Legacy Behind After You Die: All Your Questions Answered
Death is not a subject we feel comfortable talking about, although the only 2 things we can be certain of in life are death and taxes! It is, however, something we should prioritise for our loved ones' sake because that is the people it will affect in the end. Having...
The Importance of Proper Tax Planning
It is not forbidden in South African tax law to minimize your tax payable. The principle of tax structuring forms part of our common law and our Income Tax Act has a section dealing with transactions that are solely entered into for tax evasion. To understand the...
Ten Money Mistakes To Avoid
Most of us are financially savvy. We rather pack a lunch instead of buying it at the cafeteria, save money for the yearly holiday and buy items when on sale. Being on top of your finances, however, consists of more than just these basics. Make sure you do not fall...
SARS Filing Season 2020 for Individuals
Due to the Covid-19 pandemic, SARS is currently enhancing its efforts to simplify the tax return filing requirements for individual taxpayers and removing the need to travel to their branches in 2020. Through the increased use of third-party data, SARS will be...
Five Simple and Practical Steps to Create A Successful Budget
The importance of making a budget is a financial lesson that cannot be overemphasized. If you and your family want financial security or want to make your financial goals a reality, following a budget is the only answer. You can follow these steps for setting up a...
How to Change Your Marketing to Guarantee Your Company’s Survival
How you market your business can determine the success thereof. Marketing is a tool used to create and maintain demand, relevance, reputation, competition and more. Without it, your business is likely to suffer financially. In this time of crisis, this has never been...
How To Safely Reduce Your Insurance Premiums During The COVID-19 Pandemic
We are all facing financial strain during this time which causes us to make business and personal decisions which can benefit or harm our financial situation. It is always better to make informed decisions and not act hastily as this can cause more harm than good over...
11 Ways To Overcome Uncertainty
The current situation surrounding the COVID-19 pandemic has left us with much uncertainty about our future, jobs, finances, home situation, health and education to name but a few. A lot of the difficulty dealing with the situation is because our brains are hardwired...