1 April – Start of the 2022/23 Financial Year 6 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 26 April – Excise Duty payments 28 April – 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… Continue reading Your Tax Deadlines for April 2023
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Budget 2023: How It Affects You and Your Business
“This is not an austerity budget. It is a budget that makes tough trade-offs in the interests of the country’s short and long term prosperity.” (Finance Minister Enoch Godongwana – Budget 2023) Finance Minister Enoch Godongwana’s second Budget contained no major tax proposals, thanks to an improvement in revenue from higher collection in corporate and personal… Continue reading Budget 2023: How It Affects You and Your Business
Budget 2023: Your Tax Tables and Tax Calculator
The big Budget Speech 2023 tax news was the introduction of tax incentives for investing in rooftop solar and renewable energy. The Budget also detailed tax relief in the form of adjusted tables for tax and rebates for individual taxpayers, adjusted tables for retirement tax and transfer duty, and the expected increases in ‘sin’ taxes.… Continue reading Budget 2023: Your Tax Tables and Tax Calculator
How To Prepare a Reliable Disaster Recovery Plan
“The time to prepare for disasters is before they happen” (Stephen Matheson, Vice President of Product at BridgeHead) Given how reliant we all are on our IT infrastructure, it will come as no surprise to learn that one of the worst things that can happen to a business is for a failure to occur in… Continue reading How To Prepare a Reliable Disaster Recovery Plan
Five Essential Bookkeeping Tips for Small Businesses
“Making good judgements when one has complete data, facts, and knowledge is not leadership – it’s bookkeeping” (Dee Hock, Founder and CEO of VISA) When running a small business, it often feels like you are doing everything yourself, and some important tasks can slip under the radar. One aspect that should never be forgotten though… Continue reading Five Essential Bookkeeping Tips for Small Businesses
Effective 1 March 2023: New Earnings Threshold and National Minimum Wage
Employers and employees need to keep an eye on the annual increases in both the National Minimum Wage and the Earnings Threshold, summarised below for your convenience. Both are effective from 1 March 2023. The National Minimum Wage increase The National Minimum Wage (NMW) for each “ordinary hour worked” has been increased by 9.6% from… Continue reading Effective 1 March 2023: New Earnings Threshold and National Minimum Wage
Your Tax Deadlines for March 2023
7 March – Monthly Pay-As-You-Earn (PAYE) submissions and payments 30 March – Excise Duty payments 31 March – End of the 2022/23 Financial Year 31 March – 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… Continue reading Your Tax Deadlines for March 2023
Ignoring an Online Review Could be Catastrophic for Your Business!
“Your most unhappy customers are your greatest source of learning” (Bill Gates) If you have founded a business then there is little less certain than that at some point in the future, you will get a bad review. It’s simply impossible to please all of the people all of the time, which is why many… Continue reading Ignoring an Online Review Could be Catastrophic for Your Business!
Maximise Your Business Travel Tax Deduction
“Without a logbook, you will not be able to claim a travel deduction.” (SARS Travel Logbook 2022/23) Even while recovering from the economic impact of COVID and facing the challenges of power blackouts, businesses and their employees are also contending with the costs of travel that have reached historic highs. Thankfully, expenses related to business… Continue reading Maximise Your Business Travel Tax Deduction
Loadshedding: Survival Tips for Small Businesses
“We want to assure business that by the time you get back to work in January, we will have a much more stable situation.” (Public Enterprises Minister, Pravin Gordhan, December 7, 2018) With loadshedding now a constant reality in our lives and Eskom and the government offering no signs of any form of short-term recovery,… Continue reading Loadshedding: Survival Tips for Small Businesses