Is Passwordless Authentication the Next Big Step?
Consider these facts: Over 80% of hacking is password related. In the first world the average cost of fixing a successful hack is $3.9 million. The average person spends 11 hours a year changing or resetting his or her passwords. For a company with approximately 15,000 employees, the cost of this is $5.2 million per […]
On a Lighter Note – Some Entertaining Tax Stories
UK Revenue officials recently released some entertaining excuses from taxpayers: One taxpayer claimed their mother-in law was a witch and had cursed them. Some said that hamsters and dogs had eaten the post. A taxpayer was up a mountain and without internet access. Some strange expense claims were received, such as pet food for a […]
Your Tax Deadlines for April 2020
7 April – Monthly PAYE submissions and payments 24 April – VAT manual submissions and payments 29 April – Excise Duty payments 30 April – VAT electronic submissions and payments 30 April – CIT Provisional Tax Payments where applicable Disclaimer: The information provided herein should not be used or relied on as professional advice. No […]
Budget 2020: Some Tax Relief!
Taxpayers were preparing for once again being squeezed in 2020, but we have been pleasantly surprised as we have been given a myriad of tax concessions in this budget. In fact, the average taxpayer will be over 5% better off than in 2019/2020. The Finance Minister has decided that taxpayers have borne the brunt of austerity […]
Your Selection of Budget 2020 Tax Calculators
How long will you work for the taxman today? Input your salary into the 2020 Tax Clock calculator and find out how many hours you will spend today working for the taxman, and at what time precisely you will finally start working for yourself (warning – it’s not pretty!). How will your income tax change? Put your […]
Budget 2020: Will it Please Moody’s?
“Baby, baby, baby you’re out of time” (The Rolling Stones) Over the past several years South Africa’s debt position has worsened considerably to the point where of the major ratings agencies only Moody’s has not downgraded us to junk status. They have made it clear that they are seriously considering such a move and will […]
Directors: “Knowing” Is A Potentially Career-Threatening Word for You
“An investment in knowledge pays the best interest” (Benjamin Franklin) The Companies Act 2008 places onerous duties on directors and if you do not meet these obligations, you risk personal liability for any damages flowing from these actions. “Knowing” in the company law context A director gets “knowing” (actual knowledge) of the company by remaining […]
Your Tax Deadlines for March 2020
6 March – Monthly PAYE submissions and payments 25 March – VAT manual submissions and payments 30 March – Excise Duty payments 31 March – VAT electronic submissions and payments 31 March – CIT Provisional Tax Payments where applicable Disclaimer: The information provided herein should not be used or relied on as professional advice. No […]
Take Advantage of the Venture Capital Company Allowance While You Can
“There are two systems of taxation in our country: one for the informed and one for the uninformed” (U.S. Judge Learned Hand) Small and medium-sized enterprises (SMEs) have limited access to capital markets. As SMEs are considered to be the cheapest and most cost-effective sector in creating jobs, the Revenue authorities sought to address this […]
Small Businesses: How to Survive and Thrive
“Why do approximately 70% – 80% of small businesses fail within five years? Why are certain entrepreneurs more successful than others?” (Extract from UWC article below) Recent research by the University of the Western Cape on the rate of failure of small businesses makes for interesting reading and provides insights that we all really need […]