Budget 2024: The Minister of Finance Wants to Hear from You!
Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2024 Budget he is expected to deliver on Wednesday 21 February 2024.
Why the Four-Day Working Week Just Might Happen
Back when the industrial revolution first started Sunday was the only day off, given over to worship and contemplation. It wasn’t until 1908 that companies first began enacting a five-day work week, and only the great depression made it the standard.
Now decades later we are finally contemplating turning another workday into an even longer weekend, in fact it has been trialled in a number of places around the world. The results have been an unexpected phenomenon. Here is why the four-day work week is getting closer to reality.
Directors: Prepare and Submit Your Company’s Beneficial Ownership Register
Directors are now obliged to implement a detailed Beneficial Ownership Register for their companies and submit the register to CIPC. Such a register must also be maintained, with beneficial ownership changes recorded timeously and the validity of the information confirmed on an annual basis.
How to Prepare for a Possible Electricity Blackout
While the chances are low, many economists and politicians are even advising business leaders to prepare for the worst and make sure they are prepared for potential countrywide blackouts lasting weeks. Here are our tips for preparing your business to face days without electricity.
How to Use AI to Improve Your Small Business
AI has been evolving at light speed and awareness of its various iterations has come on just as fast. But is Artificial Intelligence really all it’s cracked up to be and can it actually help businesses streamline operations and lower costs as promised?
New Trustee Duties: More Admin, Impossible Deadlines and Hefty Penalties
All trustees of all trusts now have new levels of administrative duties, with some of the impossible deadlines having already passed, exposing all trustees to harsh penalties including fines of up to R10 million or imprisonment for up to 5 years, or both.
Budget 2023: Your Tax Tables and Tax Calculator
The big Budget Speech 2023 tax news was the introduction of tax incentives for investing in rooftop solar and renewable energy. The Budget also detailed tax relief in the form of adjusted tables for tax and rebates for individual taxpayers, adjusted tables for retirement tax and transfer duty, and the expected increases in ‘sin’ taxes. How will these changes affect you directly?
Budget 2023: How It Affects You and Your Business
Budget 2023 focussed firmly on the energy State of Disaster. The most prominent announcement was that government would take over R254 billion of Eskom’s debt, while two tax relief measures totalling R9 billion were introduced to assist individuals and businesses to invest in solar and renewable alternatives.
Effective 1 March 2023: New Earnings Threshold and National Minimum Wage
Employers and their employees should take note of the increases from 1 March 2023 in both the National Minimum Wage (NMW) and the “Earnings Threshold” provided for in the Basic Conditions of Employment Act (BCEA). The threshold also impacts on employee protections in the Labour Relations Act (LRA) and in the Employment Equity Act (EEA).
SOLAR PANEL TAX INCENTIVE FOR INDIVIDUALS
Tax-paying South African individuals and businesses will be able to claim substantial rebates for rooftop solar and other renewable energy generation in the coming financial year. This incentive is designed to encourage households to deploy clean energy generation, which can also supplement electricity supply.