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Budget

  • Compile your health and safety budget in three easy steps
  • We can't stress the importance of an efficient health and safety management system enough. One of the key components to getting it right is an accurate health and safety budget. To compile your health and safety budget, you need to follow these three steps: Use these three steps when setting up your health and safety budget. Step 1: Create a plan You need to plan how you'll design and... ››› more
  • [16 March 2015]
  • Six important items you must include in your health and safety budget
  • Health and safety can be expensive. With PPE, fire extinguishers and the likes, costs can wrack up pretty quickly. To ensure you're prepared, you need a health and safety budget. Here are some elements you have to include in yours. Six mandatory items that must appear in your health and safety budget 1. First of all, you have to budget for the maintenance of your systems you use for w... ››› more
  • [13 March 2015]
  • Dear business owner: Don't miss out on these five tax deductions!
  • If you think that you can't reduce your tax burden and improve your budget in 2015, then you're wrong. Read on to discover several ways to reduce your company's tax burden bu claiming these fivetax deductions! Here are five top  missed tax deductions and what you have to do to claim them: 1. Empower your company to deduct the full amount of an annuity A common form of retirement f... ››› more
  • [09 March 2015]
  • Medical tax credit changes. Here's how they will affect you and your payroll!
  • According to the Budget announced on February 25, 2015, medical tax credits if you are a member of a medical scheme will increase from R257 a month to R270 a month for the main member and the first dependant. That's a 5.05%percent increase. ional beneficiary will increase from R172 to R181 a month – an increase of 5.23%, as iol.co.za states. But do you know how the medical tax credit changes ... ››› more
  • [03 March 2015]
  • UIF contribution threshold to be reduced to R1 000pm for 2015
  • On Wednesday, 25 February, the National Treasury proposed a one-year relief measure with regards to Unemployment Insurance Fund (UIF) contributions in Finance Minister, Nhlanhla Nene's 2015 Budget. He proposed that the contribution threshold should be lowered to R1 000 a month for the 2015/16 year. Here's how this impacts your company's payrolll. UIF threshhold lowered in 2015 Budget speech ... ››› more
  • [26 February 2015]
  • Here's how the 2015 budget speech affects you and your business
  • Yesterday, Finance Minister, Nhlanhla Nene, delivered his first budget speech in Parliament. Delivering what some experts described as 'the most important budget speech in two decades', Nene made some huge announcements when it comes to tax rates and small businesses. And it's important you know about these changes so you can prepare for what lies ahead and comply. Keep reading to find out ... ››› more
  • [26 February 2015]
  • Three important things you should know about Budget 2015
  • Today new Finance Minister Nhlanhla Nene is presenting his first budget to parliament. The actual context should interest us as several aspects are expected to influence South African payrolls and employees. Rob Cooper, Director of Legislation at Sage VIP Payroll & HR, explained for bizmag.co.za that during his medium-term budget policy statement, Nene came across as a no-nonsense Finance Mini... ››› more
  • [25 February 2015]
  • SMEs and the importance of the Budget Speech. What's in store for 2015?
  • Heather Lowe, Head of Enterprise Development at FNB Business declared: "The Budget Speech provides a good indication of what big and small business can expect from an economic and regulatory point of view. Over the years, significant regulatory amendments have been made during the Budget Speech; therefore, every small business owner should make time to familiarise with the contents of the Natio... ››› more
  • [24 February 2015]
  • Five items to successfully increase your employees' salaries
  • Most companies increase employee salaries at the beginning of the year. While others prefer to do this at the end of the financial year after finalising new budgets for the new financial year. Whichever time of the year you choose to increase your employee salaries, you need to consider a few points. The first and most important is you need to analyse what increases your company can afford. ... ››› more
  • [16 February 2015]
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