Author Archives: admin

Your 2018 Tax Season Deadline: Brought Forward By Three Weeks?

“The best way to teach your kids about taxes is by eating 30 percent of their ice cream” (Bill Murray) The 2018 tax season for individuals opened on 1 July. Non-provisional taxpayers who use eFiling or file electronically at a … Continue reading

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Will Cash Disappear From Society?

“Forewarned is forearmed” (Wise old proverb) In the last decade we have witnessed the slow death of the cheque.  Today we have Bitcoin, payment apps and increasing use of the Internet and credit cards, so the question arises is cash … Continue reading

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Have You Been Hacked? Check Now!

In May this year data the ViewFines website was hacked, exposing a database containing the passwords, cell phone numbers, email addresses and I.D.s of 934,000 South African drivers with traffic fines. “If you think you may be at risk from … Continue reading

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Small and Medium-Sized Businesses: How to Stay Healthy and Profitable

Today getting an SME going is incredibly difficult as they face enormous red tape (FICA, getting loans, VAT registration and so on) and have difficulty getting access to money as financial institutions prefer funding large corporates where, for a similar … Continue reading

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Companies: “XBRL” is Coming Soon. What is it and Are You Affected?

The Companies and Intellectual Property Commission (CIPC) will from 1 July 2018 require that all Annual Financial Statements (AFS) submitted to the CIPC be in eXtensible Business Reporting Language (XBRL) format. What is XBRL and what are its benefits?  It … Continue reading

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The European Union has Implemented GDPR – It May Affect You

The EU’s General Data Protection Regulation (GDPR) became enforceable on the 25th of May. It is regarded as the world’s most comprehensive legislation protecting private data. GDPR may be applicable to South Africans if your business provides goods or services … Continue reading

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Risk Management for Your SME

“All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but in calculating risk and acting decisively” (Niccolo Machiavelli) We are all aware that business, as with life, is full of risks and things go … Continue reading

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When Do We Stop Working for SARS This Year?

It has become a global phenomenon measuring Tax Freedom Day, the day up to which you work to pay your taxes – only after Tax Freedom Day do you start working for yourself. In 2018 it takes us South Africans … Continue reading

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Lessons for Your Business: How Does the World’s Most Successful Company Keep Growing?

Amazon is now regarded as the best company in the world – its market capitalisation is approaching R800 billion and its founder Jeff Bezos is the world’s richest man. Year after year in customer satisfaction surveys Amazon invariably comes out … Continue reading

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Practical Tips on Cash Flow

“Never take your eyes off cash flow because it’s the life-blood of business” (Richard Branson) The Companies Act is underpinned by the assumption of liquidity and solvency – directors and owners are mandated to ensure the business can meet all … Continue reading

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