Which is Better for Your Business? Lots of Rules or a Few Good Principles?
Get in touch Which is Better for Your Business? Lots of Rules or a Few Good Principles? Most of us are weighed down by compliance. Think of FICA, more onerous tax compliance, BBBEE, Employment Equity – the list is endless, more rules to deal with increasing complexity. How does business manage its operations with all […]
Non-Executive Directors: Income Tax and VAT Implications
Get in touch Non-Executive Directors: Income Tax and VAT Implications There has been uncertainty for some time as to whether employees’ tax (PAYE) should be deducted from payments made to Non-Executive Directors (NEDs) for the services they perform. There has also been debate around whether NEDs should charge VAT for their services. The Minister of […]
Directors and Shareholders: There’s Hope If You Forget Companies Act Compliance Requirements
Get in touch Directors and Shareholders: There’s Hope If You Forget Companies Act Compliance Requirements “Good fortune is what happens when opportunity meets planning,” – Thomas Edison The “new” Companies Act is pitted with clauses requiring that special resolutions be passed. There are also instances where as directors you are required to take certain actions […]
Protect Your Clients’ Personal Information from Hackers!
Get in touch Protect Your Clients’ Personal Information from Hackers! We have been speaking of hacking and ransomware for a while and it just grows and continues to make news. In a recent case in England, a small to medium-sized entity (SME) was fined GBP 60,000 (over R1m) for failing to take “basic steps” to […]
Robots and the Rise of AI: Will New Technology Lead to Greater Unemployment?
Get in touch Robots and the Rise of AI: Will New Technology Lead to Greater Unemployment? “The factory of the future will have only two employees, a man and a dog. The man will be there to feed the dog. The dog will be there to keep the man from touching the equipment.” (Warren Bennis, […]
Payslips Are Important! A Practical Guide to Getting Them Right
Get in touch Payslips Are Important! A Practical Guide to Getting Them Right Getting payslips correct for your staff carries legal responsibilities for both you and the staff member. Payslips are of course often used in the public domain, such as for getting bank loans, and so they are a public reflection of your business. […]
SMEs Beware: POPI is Finally Becoming a Reality
Get in touch SMEs Beware: POPI is Finally Becoming a Reality “Forewarned is forearmed” (wise old proverb) The Protection of Personal Information Act (POPI) has been in the public domain for several years and has been enacted into law, but its enforcement provisions are not yet in effect. The appointment of a Regulator and the […]
Sugar Tax: Is It Good For Us?
Get in touch Sugar Tax: Is It Good For Us? “This feels like a victory for Britain’s children” (celebrity chef Jamie Oliver commenting on news that a sugary drinks levy will be introduced in the UK in 2018) Tax increases are on the way and Treasury has signalled that a sugar tax (more correctly, a […]
Directors: Watch Your Liquidity and Solvency
Get in touch Directors: Watch Your Liquidity and Solvency ‘How did you go bankrupt?’ Bill asked. ‘Two ways’ Mike said. ‘Gradually and then suddenly.’ (Ernest Hemingway “The Sun also Rises”) Nothing is more demoralising than running into financial difficulties. Suddenly all your energies are focussed on survival rather than growing the business. The fun goes out of […]
How to Grow Your Small Business Rapidly with Digitalisation
Get in touch How to Grow Your Small Business Rapidly with Digitalisation “Digitalisation – the use of digital technologies to change a business model and provide new revenue and value-producing opportunities” (Gartner Glossary) Surveys show that small to medium-sized businesses (SMEs) are not fully aware of the potential that technology and digitalisation offers them. Achieving […]