How to Prepare Your Business Plan
“If you fail to plan, you are planning to fail!” (Benjamin Franklin) Previously we discussed why a business plan is so important, this month we look at the mechanics of compiling it. There are many templates available (most banks have pretty good ones), and by using one you can ensure you cover all the relevant topics involved – Plan […]
The CIPC to Intensify Compliance Enforcement from January
The Companies and Intellectual Property Commission (CIPC) has announced new requirements for companies and close corporations when completing their Annual Returns. From 1 January 2020 it will be mandatory to complete a compliance questionnaire when submitting the Annual Return. The rationale for the questionnaire The CIPC will use this questionnaire to assess areas of non-compliance with the […]
Important: SA’s Rankings on the Ease of Doing Business Index, and an Exciting New Business Registration Platform
In his recent State of the Nation Addresses, President Ramaphosa vowed to speed up economic growth. He has set several key milestones to measure how effectively he is putting South Africa back on a positive economic path, such as attracting R1.2 trillion in investment in five years (in less than two years well over half […]
Your Tax Deadlines for December 2019
4 December – Tax Season 2019 eFiling closes for Individuals (if you are a provisional taxpayer, you have until end January 2020 to submit your tax return) 6 December – Monthly PAYE submissions and payments 24 December – VAT manual submissions and payments 30 December – Excise Duty payments 31 December – VAT electronic submissions […]
Crunch Time for SA – The Medium Term Budget Policy Statement and What it Means to You
“There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.” (Shakespeare) […]
Businesses: Think Strategically When Cost Cutting
We all know times are tough and many companies are embarking on cost cutting exercises. Unfortunately, this is a necessary procedure but think of the impact on staff morale and the potential loss of productivity when undertaking cost reduction. You don’t want to end up leaving your business worse off. A few tips Communicate effectively. Cost […]
Cut Your Electricity Bills!
Electricity has become a bane in our lives – not only does it increase in price by double digits each year, but we also face the ongoing possibility (perhaps probability) of load shedding. But we can be proactive as there are many ways to cut costs and with some research and a good plan you […]
5 Reasons To Never Overlook Your Business Plan
“How can I be so stupid?” (John Cleese recalling when he pitched the BBC to start the Monty Python’s Flying Circus show without a business plan) When setting out on a new venture or adding a new section to your business, it pays to have a strategy as to what you want to achieve and […]
Your Tax Deadlines for November 2019
Deadlines this month are – 7 November – Monthly PAYE submissions and payments 25 November – VAT manual submissions and payments 29 November – Excise Duty payments 29 November – VAT electronic submissions and payments 29 November – CIT Provisional Tax Payments where applicable. Disclaimer: The information provided herein should not be used or relied […]
A Tip for Anyone with Too Much Debt – Try the ‘Snowball Method’
Note: Even if you yourself are financially secure, please consider passing this article on to someone else who may be struggling with a debt burden – an employee perhaps, or a friend or relative. Owing high amounts of debt and not being able to pay it off is one of the most demoralising things a […]