Introduction Tax season refers to the period when individuals and businesses are required to file their tax returns with the South African Revenue Service (SARS). It usually runs from July to November, and it is crucial to understand the importance of accurately filing your tax returns on time. Filing your
Introduction Navigating the complex world of taxes can be daunting, but it’s essential to take advantage of available opportunities to optimize your tax situation. South Africa’s tax system comprises various types of taxes, including income tax, value-added tax (VAT), capital gains tax (CGT), and more. By understanding the basics of
Discover how your business can maximize its potential by exploring the do’s and don’ts for businesses when doing their budget planning during the municipal financial year in South Africa. Understand how the unique financial landscape can work to your advantage.
Introduction In South Africa, budget planning for the municipal financial year is a crucial aspect for businesses operating within municipal boundaries. Effective budget planning ensures that businesses have a clear roadmap for financial management, enabling them to allocate resources efficiently, monitor expenses, and achieve their goals. This comprehensive guide aims
Introduction Businesses today are adopting technology to streamline operations and eliminate manual errors. For small businesses, the South African Revenue Service’s (SARS) eFiling system offers an efficient solution to meeting tax obligations. In this article, we’ll explore its advantages for these types of organizations to boost efficiency while decreasing errors
Bookkeeping and payroll are some of the two essential aspects of running a business, as they play a vital role in the growth and sustainability of any business – whether big or small. In this article, we will discuss the importance of bookkeeping and payroll; how they can help your
Have you heard of what we call a timesheet? Do you have any idea what it is? A timesheet is a way to track the amount of time that employees spend on a particular activity, job, or project. As a small-medium business (SMB) owner, you care to know if all
Information that is created, received, and maintained as evidence and information by small businesses, in pursuance of the transaction of business more especially in Accounting and Law firms can be defined as records. Information can become voluminous to such an extent that business owners find it extremely difficult to manage
The months of April and May had bucketloads of holidays in South Africa and as a result, employees from SMEs became less productive upon their return from holidays and others are battling to recover from their less productivity to the level of productivity they were in. This has got with
By being a small business, the owners of small businesses tend to take cyber-attacks. The underestimation of cyber threats could be attributed to the fact that business owners and staff delusionally think there is nothing worth being stolen, modified, or deleted by cybercriminals. Cybercriminals do not discriminate by size. Valuable