Tax Deadlines for May 2024
Five Things You Need to do After the CIPC Hack
Nexia SAB&T on 10/05/2024

Five Things You Need to do After the CIPC Hack

On the 1st of March 2024, South Africa’s official regulatory body for registering companies, co-operatives, and intellectual property rights (including trademarks, patents, designs and copyrights), the CIPC, put a notice on its website about a hacking incident on Thursday, the 29th of February 2024.

How and When to Save a Struggling Start-Up
Nexia SAB&T on 10/05/2024

How and When to Save a Struggling Start-Up

When people speak about start-ups, they often only mention the successful ones. Stats, however, show that five years after founding only half of all businesses are still alive and after ten years only one third remain. The list of reasons for this is endless, ranging from a lack of capital to volatile markets and poor hiring choices.

How to Use AI in Formulating a Business Strategy
Nexia SAB&T on 08/05/2024

How to Use AI in Formulating a Business Strategy

Artificial Intelligence (AI) is revolutionizing the way businesses operate, making it an essential component of a modern business strategy. Here’s how you can incorporate AI into your business strategy:

Key Steps to Business Success in South Africa
Nexia SAB&T on 08/05/2024

Key Steps to Business Success in South Africa

South Africa, known for its diverse economy and entrepreneurial spirit, offers a wealth of opportunities for businesses. Here are some key steps to achieving business success in this vibrant country.

The upcoming South African elections
Nexia SAB&T on 11/04/2024

The upcoming South African elections

The upcoming South African elections hold the promise of change, introducing a range of potential impacts on local businesses. As business leaders, we must pay attention to several factors that could significantly affect the business environment:

Tax Chronology of South Africa: 1979–2024 
Nexia SAB&T on 11/04/2024

Tax Chronology of South Africa: 1979–2024 

The Tax Chronology of South Africa: 1979–2024 provides a comprehensive overview of the current and historical rates for various taxes, duties, and levies collected by the South African Revenue Service (SARS). This publication covers the period from 1979 to 2024 and includes details on tax rates, duties, and levies.

The Importance of Strategic Planning for Business Success
Nexia SAB&T on 11/04/2024

The Importance of Strategic Planning for Business Success

Strategic planning is not just a buzzword; it’s a critical process that can significantly impact the success and longevity of your business. Whether you’re a startup or an established company, having a well-defined strategic plan is essential. Let’s delve into why strategic planning matters and how it can benefit your organization.

Employer Annual Declarations (EMP501): 1 April to 31 May 2024
Nexia SAB&T on 11/04/2024

Employer Annual Declarations (EMP501): 1 April to 31 May 2024

As an employer, it’s essential to stay informed about your tax obligations. The Employer Annual Declaration period is a crucial time when you need to submit accurate information to the South African Revenue Service (SARS). Let’s dive into the details:

Maximising Your Travel Deductions in the 2025 Budget Year
Nexia SAB&T on 11/04/2024

Maximising Your Travel Deductions in the 2025 Budget Year

As South African taxpayers grapple with the implications of tax bracket creep in the 2025 budget, it's crucial to understand how certain allowances and benefits, such as travel allowances, company car fringe benefits, and reimbursive travel allowances can impact your tax liability. Due to the non-adjustment of tax brackets, many are unwittingly pushed into higher tax brackets, increasing their tax burden. However, strategic planning and awareness can help mitigate these effects.

Donating to a PBO?
Nexia SAB&T on 11/04/2024

Donating to a PBO?

Check SARS’ New Requirements (and PBOs Note Your New 31 May Deadline)

Freelancer vs Employee: How to Decide
Nexia SAB&T on 11/04/2024

Freelancer vs Employee: How to Decide

With so much of the population now working remotely as contractors or freelancers, the traditional employer/employee model is being scrutinised more closely than ever before. While considered a classic form of doing things, there is little doubt that the full-time employee still has much to offer a company, in the right circumstances.

Priced for Success
Nexia SAB&T on 11/04/2024

Priced for Success

Price Your Products for Profit with these Psychological Strategies

Have Your Own Budget Shortfall? Here’s What to Do…
Nexia SAB&T on 11/04/2024

Have Your Own Budget Shortfall? Here’s What to Do…

Government’s approach to balance this year’s National Budget 2024 shortfall of R15 billion didn’t set a positive example for South African individuals and businesses that face the same economic challenges but are, unlike government, unable to side-step spending cuts by squeezing taxpayers and tapping into national reserves. Given the economic conditions, business and personal budget shortfalls are not uncommon. Find out here why it is so important to balance your own budgets and what to do when facing a shortfall without compromising your capacity to achieve your goals.

The Five Skills Your Business Needs to Cultivate in 2024
Nexia SAB&T on 05/03/2024

The Five Skills Your Business Needs to Cultivate in 2024

If you are like the vast majority of companies out there, you are neglecting employee training and it’s going to cost your business. This is the warning coming out of the Harvard Business review which reported that one of the main reasons top talent leaves an organisation is that they feel their career development is not being supported.