Few methods of finance in business cause as much confusion as “venture capital”. To most, it’s just money tech businesses get in return for a game changing idea. But the truth is it may be just the tool to help your business, regardless of what you do, how long you’ve been around or how many people you employ.
Remote work, freelancing, and the gig economy have changed the face of business completely. The ease with which employees can sell their time, change jobs, or work for global brands means the competition for top talent has never been more aggressive.
Nobody wants to go through a SARS audit, as collating all the documents requires time, money and effort. What’s more, it may result in the levying of understatement penalties of up to 200% with the harsher 200% penalty applying in instances where the taxpayer is either obstructive or is a repeat offender.
President Cyril Ramaphosa has recently announced the formation of a Government of National Unity (GNU) in South Africa. This decision was made in response to the clear desire of South Africa’s people for political parties to cooperate for the nation’s future. The GNU is a coalition of 11 parties that have committed to collaborating together.
The South African Revenue Service (SARS) has recently made an important announcement regarding the upcoming Filing Season. In line with their commitment to making the process easier and more convenient for taxpayers, SARS will be implementing auto-assessment for a larger pool of taxpayers this year. Additionally, they have introduced various digital platforms to facilitate seamless interactions with taxpayers. Here is an overview of the announcement and highlights the key points for taxpayers to take note of.
Operation Vulindlela (OV) has emerged as a crucial initiative in South Africa, aimed at accelerating the implementation of structural reforms to foster economic growth. Recently, a successful two-day conference was held to assess the progress made by OV and chart the way forward for the next five years. This article will delve into the key highlights of Operation Vulindlela and explore the support it has garnered, including that of the Democratic Alliance (DA).
In a recent media release, the Companies and Intellectual Property Commission (CIPC) announced the enforcement of stricter regulations regarding the filing of Beneficial Ownership Declarations with Annual Returns for companies and close corporations. This move is in response to the amendments made to the Companies Act, 2008, by the General Laws (anti-Money Laundering and Combatting Terrorism Financing) Amendment Act, 22 of 2022. The aim of these regulations is to promote transparency, combat financial crimes, and enhance corporate governance in South Africa.
How to maximise your tax benefit from donating to PBOs and how the new SARS rules for S18A certificates affect you.
New SARS IT3(t) Requirements: What South African Trustees Need to Know
All employers - whether individuals or businesses – must be registered for COIDA, which aims to provide all employees with access to compensation if they contract an illness, suffer a disability or die while at work.
Fraud: it’s a word that strikes fear into every business owner’s heart and something any good leader takes steps to avoid. By hiring an accountant, you have already gone a long way toward ensuring no one will be able to slip finances out of your company illegally, but did you know there is another, more insidious kind of fraud that’s just as dangerous? Time fraud.
Youth Day, celebrated on 16 June each year, is an ideal opportunity for businesses to look at ways of bringing fresh young talent into their teams to unlock a myriad of business benefits.
Over the past years business process automation, or BPA, has become more accessible to each and every business, regardless of their size or capacity. Thanks so numerous plug-and-play software and applications that are readily available online, you do not even need a whole tech team to implement and maintain automation within your business,
StatsSA has released gross domestic product (GDP) data for the first quarter of 2024, showing South Africa’s GDP has decreased by 0,1%.
The Monetary Policy Committee (MPC) released a statement on 30th May 2024. This article highlights the key findings.
In April 2024, an automated process for Trust taxpayers was introduced on eFiling to electronically submit documentation to lodge a dispute via a fully guided process.
24 May– Value-Added Tax (VAT) manual submissions and payments
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.
Beneficial Ownership Registers - Now Mandatory with CIPC Annual Returns
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.
Your Employer Annual Declaration is Due by 31 May
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:
