It’s nearly tax time! Are you ready?
Are you ready for the 2023 tax season? Running from 1 July to 24 October 2023, this shortened filing season means you need to be organised so that you’re not scrambling at the last minute. Read our blog to find out what you need to know to get ahead of the pack.
Is your business recession-proof?
Have you wondered how some businesses seem to weather economic downturns with ease, while others struggle to stay afloat? The answer lies in recession-proofing your business. Read our blog for some practical advice on how you can recession-proof your business and ensure its long-term success.
Getting the measure of your financial reports
As an employer, you’d have heard about the Compensation for Occupational Injuries and Diseases Act (COIDA), more commonly known as Workmen’s Compensation. COIDA is compulsory insurance that benefits both the injured employee and you as the employer. Its purpose is to give employees guaranteed benefits and it protects employers against claims for on-duty injuries and occupational diseases.
Are you covered if your employees are injured at work?
As an employer, you’d have heard about the Compensation for Occupational Injuries and Diseases Act (COIDA), more commonly known as Workmen’s Compensation. COIDA is compulsory insurance that benefits both the injured employee and you as the employer. Its purpose is to give employees guaranteed benefits and it protects employers against claims for on-duty injuries and occupational diseases.
Are you up to date with your EMP501 recons?
If you’ve got your hands full with tax-related paperwork, filing accurate tax returns and meeting SARS deadlines could be one of the important responsibilities you battle with. And, if you get it wrong, the interest and penalties payable on late or inaccurate VAT, PAYE or company income tax returns can be harsh.
Do you pay too much tax as a commission earner?
Tax directives for individuals who earn commission enable SARS to instruct your employer or fund manager to deduct tax at a set rate/percentage (determined by SARS for your specific case) and not at the general income tax rates.
Does your financial reporting deliver real meaning?
Financial reporting provides insight and transparency into your company’s financial position and operations. It’s important because it gives company stakeholders the right information, with the right amount of detail, to make better-informed decisions.
Too many payroll errors?
If you’re like most business owners, rather than focusing on your payroll, you’d rather be putting your energy into the quality of your products and services, staying competitive, and keeping your customers happy.
Is your business legally compliant?
In many businesses, compliance is overlooked. Not only does this mean that your business isn’t operating lawfully, but also that there are financial implications concerning non-compliance that have far-reaching consequences.
Financial year end without the pain
Do you get bogged down with your financial year-end? Many business owners do. To help alleviate the pressure, being prepared, as well as consistently managing your financial records throughout the year will make life easier when the deadline comes around.