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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, 31 October 2013 |
Calculating your Vat for the first time and aren't sure of what's due to you and what to pay over to SARS? Don't worry, there's a simple process to do this.
Use this rule to calculate your Vat
The Practical Vat Loose Leaf Service says if you're calculating your Vat for the first time, all you need to know is:
'Vat charged on supplies you made (output tax) less Vat paid to your suppliers (input tax) = the amount of Vat payable/refundable.'
Basically, if your input tax exceeds your output tax, you're entitled to a refund. But if your output tax exceeds your input tax, you'll have to pay over the difference to SARS.
This amount represents your Vat liability, which is the amount you owe.
You're required by SARS to submit a , whether you have to pay them or they must pay you.
Once you calculate your Vat and work out your Vat liability or the amount you'll be refunded, complete the return and submit it to SARS.
Well there you have it. With this golden rule you'll never go wrong when calculating your Vat.
One of my employees was working on his car this past weekend, and accidently cut his hand. He went to hospital and will probably need to stay at home for the whole week. Do I need to pay him for the time he's off work? ... [see the answer]
