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Strikes can cripple your business
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Latest news

What does the new Employee Tax Incentive Bill mean for your business?

Unemployment is a big problem in South Africa. So it's no wonder that government has finally stepped in to reverse the high levels that affect the youth. How? By making sure its new Employee Tax Incentive Bill comes into effect. And it will, the minute 2014 ushers in. Here's what you need to know [read more...]

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...]

Exemption

  • Have you given something to someone for free? If so, read on to find out how much donations tax you'll have to pay....... ››› more
  • [02 December 2013]
  • Revealed: Two dividend payments exempt from dividends tax
  • Did you know that some dividend payments are automatically exempt from Dividends Tax (DT)? That's right. If your company pays these out, the beneficial owners of your dividend payouts won't have to submit the declaration and undertaking to prove it! Here are the two dividends that are exempt from DT.... ››› more
  • [27 November 2013]
  • One tool to submit your tax return by 22 November 2013 if you're eFiling
  • If you're anything like me, you leave things till the last minute. Normally I'd do the same with submitting my tax return. But it's just as well I chose to start the process early this year. It wasn't as straightforward as loading my return, filling in my details and hitting submit. I had all sorts of additional expenses I needed to claim. And I had no idea where to start. It's just a pity I didn't use this one tool...... ››› more
  • [24 October 2013]
  • Have you developed a stacking and storage checklist?
  • The Occupational Health and Safety Act (OHSA) requires you to appoint at least one person to ensure all stacking, storage and demarcation is carried out safely. To help the person in charge, make sure you develop a stacking and storage checklist. Here's what to include in it...... ››› more
  • [21 October 2013]
  • Does your company use large refrigeration systems? Here's how to inspect them
  • All refrigeration systems must comply with the SABS Code of Practice 0147. This applies to businesses using large refrigeration systems (not domestic fridges). If you're one of these companies, read on to discover what the law says about inspecting refrigeration equipment.... ››› more
  • [04 October 2013]
  • Do you know the eight payments not subject to SDL?
  • You probably know that the Skills Development Levy (SDL) is a company contribution you must pay every month. This levy funds education and training through the Skills Education Training Authorities (SETAs). But did you know there are eight specific payments that aren't subject to SDL? Read on to find out what they are...... ››› more
  • [19 September 2013]
  • Do you know what type of donated goods are Vat exempt?
  • Whenever you import goods, you have to pay Vat to Customs - sometimes this is called 'Customs Vat'. This is also applicable when you personally order something over the Internet from an overseas supplier. But, there are some exceptions. One, in particular, is the importing of donated goods, which is exempt from Vat. Read on to find out which donated goods qualify for exemption.... ››› more
  • [18 September 2013]
  • Have you taxed your labour broker correctly?
  • If your company deals with labour brokers, it's crucial you tax them correctly. So save your company harsh SARS penalties by empowering yourself with the know-how when it comes to dealing with labour brokers.... ››› more
  • [17 September 2013]
  • Are you an intermediary in the short-term insurance industry? Here's how you must apply Vat
  • Are you in the insurance industry? Do you receive commission on the business you generate? If so, you're probably a financial intermediary. Don't make the common mistake of assuming you're covered by the financial services' Vat exemption. Here's how Vat applies to short-term insurance intermediaries.... ››› more
  • [10 September 2013]
  • Revealed: Eight Vat-exempt financial services
  • Don't be fooled into thinking the rules for financial services only apply to banks! If your business performs any of the activities below, part of your activities will also be exempt. And since you can't claim input tax on expenses relating to exempt supplies, it's important to get this part of your Vat calculations right. Here are the eight financial services exempt from Vat...... ››› more
  • [06 September 2013]
  • Do you fall into one of these three categories? If so, you're exempt from provisional tax
  • The provisional tax payment system is based on your submission of two compulsory provisional tax returns and payments. You can then submit a third voluntary provisional tax return and payment. Your provisional tax payments are advance payments for your normal tax liability for that year. But not everyone is allowed to pay provisional tax. You're exempt from provisional tax if you fall into one of these three categories...... ››› more
  • [03 September 2013]
  • Revealed: The three basic tax principles that govern Trusts
  • The taxation of Trusts isn't simple. It all depends on who's got what rights and how they access the Trust's assets and income. Make sure you adhere to these three basic principles to avoid hefty penalties.... ››› more
  • [14 August 2013]
  • Never run out of cash in your business! Use these three easy tools to keep cash flowing
  • After a really good month of sales, Mike, a business owner of a small chocolate factory, expects his bank account to show a large positive bank balance. When he checks, he sees his bank account is overdrawn.... ››› more
  • [22 July 2013]
  • Pravin Gordhan reveals details of the Tax Review Committee
  • Finance Minister Pravin Gordhan has announced members of the Tax Review Committee as well as the committee's terms of reference. The minister's announcement is in line with a declaration he made during his 2013/14 budget speech that government will initiate a tax review to assess the country's tax policy framework and its role in supporting inclusive growth, employment, development and fiscal sustainability.... ››› more
  • [18 July 2013]
  • Minister Oliphant deems SA labour laws are 'flexible enough' when it comes to minimum wage negotiations
  • South Africa's labour laws come under the spotlight this week as the dreaded minimum wage determination season (also known as 'strike season') gets under way. Now, Labour Minister Mildred Oliphant has come out saying that the DoL won't be reviewing the regulation of wages through wage determination because the system currently in place is flexible enough to take into account the needs of all SA businesses...... ››› more
  • [24 June 2013]
  • Property developers made a big splash about selling cheap properties... here's what they didn't tell you
  • For most first time homebuyers, the moment of signing the offer to purchase is filled with nervous excitement. For the Jansen's, it was when they were first confronted with an additional R140 000 on their R1 million dream home.... ››› more
  • [20 June 2013]
  • Queen Elizabeth deserves a long service award - does one of your employees?
  • Yesterday marked 60 years since Queen Elizabeth formally pledged to serve Britain at her coronation ceremony. That's a long time to be in the same job. Too bad this 'job for life' doesn't come with long service perks. If you have an employee who's been in your company 15 years or more and are considering giving them an award for long service, make sure you understand the tax implications...... ››› more
  • [05 June 2013]
  • Do you know whether your business is excluded from Section 23(m) of the Income Tax Act?
  • No one likes to hand more money over to SARS than they have to. That's why Section 23(m) on the Income Tax Act is such a firm favourite with companies and business owners alike. It deals with the types of business-related expenses, losses and allowances you're able to deduct to pay less tax to SARS. But here's the thing that many people don't realise, not everyone can use Section 23(m) to their advantage...... ››› more
  • [22 April 2013]




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ATTENTION EMPLOYERS: Even part-time staff must have a contract

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MANDATORY NOTICE FOR ALL EMPLOYERS: no matter how many people you employ 1 or 100

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Giant health and safety mistakes that 2 out of 3 companies make every year

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Save R24 469 by keeping an accurate logbook today

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Attention Employers! From the Department of Labour: Not displaying summaries of the EE Act and BCEA in the workplace is punishable by law

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