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Research finds that absenteeism is the reason South Africa's losing its competitive edge
New research has found that South Africa's losing its competitive edge. And it's all thanks to absenteeism. That's just the tip of the tip of the iceberg. There are other worrying trends when it comes to sick leave abuse in the workplace. Here are the details of the study... [read more...]New B-BBEE codes unveiled! Find out what this means for your business...
Trade and Industry Minister Rob Davies has unveiled the new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice. Davies announced the new codes yesterday at the B-BBEE summit in Midrand. Reports suggest the codes will be published in the Government Gazette on October 11. Read on [read more...]Department of Trade and Industry set to announce new B-BBEE codes...
The Department of Trade and Industry, together with the Black Economic Empowerment advisory council, will announce new Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice at a summit on 3 and 4 October, Fin24 reports. Read on to find out how this announcement could affect your [read more...]| by FSP Business, 29 October 2013 |
Want to give your employees meals and refreshments, but are worried the value placed on this perk will attract tax?
If, so, you'll be glad to know there's a way to give your staff meals and refreshments, tax free!
Here are the three instances where there's no fringe benefit tax on any meal or refreshment:
According to the Practical Tax Loose Leaf Service, there's no fringe benefit tax on any meal or refreshment:
#1: You supply to your employees in any canteen, cafeteria or dining room operated by you or on your behalf.
#2: You supply to your employees during business hours or extended working hours or on a special occasion.
#3: If food and drink is enjoyed by your employee in the course of providing a meal or refreshment to any client the employee is required to entertain on your behalf.
Warning: Don't assume all staff meals and refreshments are tax-free. Make sure they meet these requirements first.
If you're confused about when fringe benefits are taxable and when they aren't? Read this.
My employee has been absent from work for more than a month. On the first day of absence he sent the foreman an SMS to say he's sick. I phoned him one week later to ask why he hadn't returned. He said he was still ... [see the answer]
