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How You and Your Business Can Benefit from SARS’ Solar Tax Breaks
“The lack of reliable electricity supply is the biggest economic constraint… I am pleased to announce two tax measures to encourage businesses and individuals to invest in renewable energy and increase electricity generation.”(Finance Minister Enoch Godongwana – Budget 2023) In the 2023 Budget, the lack of a reliable electricity supply was highlighted as the country’s… Continue reading How You and Your Business Can Benefit from SARS’ Solar Tax Breaks
Affordable Ways to Reap the Benefits of Engaged Employees
“Always treat your employees exactly as you want them to treat your best customers.” (Stephen R. Covey) Gallup describes “engaged employees” as those who are involved in, enthusiastic about, and committed to their work and workplace. Numerous studies over many decades have confirmed the benefits of engaged employees especially to smaller companies, where they are… Continue reading Affordable Ways to Reap the Benefits of Engaged Employees
Setting Up Your Finances in a New Business
“A house built on granite and strong foundations, not even the onslaught of pouring rain, gushing torrents and strong winds will be able to pull down.” (Haile Selassie, Former Emperor of Ethiopia) When starting a new business, few things are as important as establishing your finances and making sure they are right. Building the foundation… Continue reading Setting Up Your Finances in a New Business
Happy Tax Freedom Day!
“In 2022 South Africa had the 12th highest income tax burden, the 9th highest company income tax burden, and the 14th highest non-resource tax burden worldwide.” (Garth Zietsman, South Africa’s Tax Freedom Day statistician) Tax Freedom Day marks the day in the year when South Africans stop giving all their money to their government for the year and… Continue reading Happy Tax Freedom Day!
Your Tax Deadlines for May 2023
5 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 May – Excise Duty payments 31 May – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable. Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions… Continue reading Your Tax Deadlines for May 2023
Why (and How) to Submit Skills Development Reports by 30 April
“We need to give importance to skill development because this way we can end unemployment.” (Narendra Modi, Prime Minister, India) Since 1999, the Skills Development Levy (SDL) has served to fund skills development in the country. It encourages a planned and structured approach to skills development so employers, employees and the economy can benefit from… Continue reading Why (and How) to Submit Skills Development Reports by 30 April
5 Business Plan Mistakes to Avoid
“Proper business planning demands that you focus on the self-interest of the customer at all times.” – (Brian Tracy, Author and Speaker) Writing a business plan can feel like a daunting process, and making mistakes is part of the package, even if you follow the online guides and templates. To make this process simpler, we… Continue reading 5 Business Plan Mistakes to Avoid
UDZ Tax Incentive Extended: Could Your Business Benefit?
“…governments internationally have increasingly used tax measures to support efforts aimed at regenerating urban areas.” (SARS Guide to the UDZ Allowance) The urban development zone (UDZ) tax incentive, provided for in section 13quat of the Income Tax Act (the Act), was introduced 20 years ago in 2003, as an accelerated depreciation allowance for property investments in certain central business… Continue reading UDZ Tax Incentive Extended: Could Your Business Benefit?
Tips for Generating Customer Trust as a Start Up
“Consumers don’t just buy products and services anymore; they buy experiences. This demands a new approach to marketing, sales, and services; one that hinges on winning customer trust.” (Ben Jackson, Author “The Future of Commerce) With customer trust being the most important element in attracting sales, contracts and clients, gaining that trust is an important… Continue reading Tips for Generating Customer Trust as a Start Up