• accounting news (4)

At Fenns, we keep up with the latest developments in the accounting world, and now you can too. Stay informed with our monthly blog posts and newsletters, featuring insights, updates, and industry news.

E-Mail : office@fenns.co.za

FENNS BRANCHES

Johannesburg  – 010 880 3818
Cape Town  – 021 110 5180
Mossel Bay  – 044 695 0865 
George  – 044 695 0865
Mauritius  – +230 434 0210
 

what more can we do for you this international accounting day
,

What More Can We Do for You This International Accounting Day?

International Accounting Day is the ideal opportunity to assess the value of robust accounting in your business. Now’s the time to ensure you’re enjoying all the benefits a professional accountant can unlock for you. Simply reach out to us, and we will gladly help you to identify areas where our expertise and experience can add further value to your business. Whether it be ensuring compliance, optimising tax or enabling strategic planning for future growth.
not another lanyard! how to make the most of promotional gifts
,

Not Another Lanyard! How To Make the Most of Promotional Gifts

Anyone who’s attended a conference or expo has been given a promotional gift. Usually, it’s a water bottle, a pen or, worse still, a branded lanyard. It’s got so bad that very few of us understand why they even exist, including the marketing teams themselves. Done right, however, promotional gifts remain one of the best ways to get your message out there. Here’s how to make promotional gifts work for you.
global corporate tax changes advice is more crucial than ever
,

Global Corporate Tax Changes: Advice Is More Crucial Than Ever

There have been significant shifts in the corporate income tax landscape of late – not only in South Africa, but across the globe. The global minimum tax is a pertinent example. And although its immediate impact is on large multinationals, the changes could well benefit local businesses in the long term. This and other pivotal changes in global and local company income tax (CIT) regimes underscore how important the right tax advice is for businesses of all sizes in today’s fast-changing business world.
Ready to submit your interim EMP501 reconciliation by 31 october
,

Ready to Submit Your Interim EMP501 Reconciliation By 31 October?

Yes, yet another EMP501 reconciliation is due! That’s because not one, but two recons are due in each tax year. By 31 October, the interim EMP501 reconciliation for the last six months must be submitted, accurately and on time. We can provide expert help to smooth the submission process and help you maintain your compliant tax status. We’re dedicated to helping you avoid financial penalties and interest, while unlocking the benefits of a process which serves to assist employers, according to SARS.
Five signs it’s time for a rebrand
,

Five Signs It’s Time for a Rebrand

Marketing is a tricky game with ever-changing rules. When your marketing doesn’t seem to be working and you aren’t getting the results you want, it might be time to go back to the drawing board. If you have great products and services, but no one is buying, it could be because you are desperately in need of a rebrand. Here are our five signs you may need a refresh.
How to avoid an efiling profile hijacking
,

How To Avoid an eFiling Profile Hijacking

SARS eFiling profile hijackings are becoming an increasingly concerning and common hazard. Reports of this type of cybercrime have peaked in recent months and both individuals and businesses must take proactive steps to prevent an attack. This Cyber Security Awareness Month, it’s vital to understand how you could fall prey to cybercriminals. Improving your cybersecurity processes and relying on a trusted accountant can go a long way towards protecting you and your business.
business owners have you tried these money saving hacks
,

Business Owners: Have You Tried These Money-Saving Hacks?

Times are tough, so it’s only natural to look for ways to scale back and save money. Retrenchments and cutting down on marketing are both popular solutions. But there are many more effective ways to save money, restructure cash flow and put your business on a healthier footing. Here are five hacks that you could implement right now.
beware the taxman when accessing your three pot retirement savings!

Beware the Taxman When Accessing Your Three-Pot Retirement Savings!

Two new ‘pots’ have been added to SA’s retirement system from 1 September 2024. This allows South Africans to access a portion of their retirement savings before retirement, without having to resign their jobs and withdraw all their savings, as before. Beware, however! There can be significant immediate and long-term tax implications to dipping into your savings! This is where we come in. Allow us to ensure that you and your employees understand the full tax consequences and possible alternatives before withdrawing retirement savings.
5 top tips for managing debt in your startup

5 Top Tips for Managing Debt in Your Startup

Whether you’re launching a fintech app or a fish ’n chips shop, taking on and managing debt is an essential component in the success of most startups. As your business grows, it may be necessary to take out a loan for advertising, infrastructure improvement or expanding your workforce. Knowing how to effectively manage this debt is crucial if you hope to create a company that can grow sustainably and is capable of meeting all its obligations. Here are our five top tips for managing debt in your startup.
is it possible to run a successful ethical business

Is it Possible To Run a Successful Ethical Business?

There’s no denying that current economic conditions are not ideal. Tough times have forced many business leaders to make tough decisions. With costs spiralling ever upward, it can be tempting to think that cutting corners in business, dodging essential regulations, and making other unethical decisions may be the only way to keep your head above water. But you fall into this trap at your peril. Luckily it is still possible to run an ethical business and make a profit.
how to survive trust tax season 2024

How to Survive Trust Tax Season 2024

Trustees take note! The 2024 Tax Season for trusts opens on 16 September this year and will close on 20 January 2025. During this time, all trusts – including dormant trusts – are required to submit income tax returns aligned with other SARS reporting requirements and accompanied by extensive supporting documents. With the delayed filing season opening date and the numerous changes that have recently been implemented, trustees should rely on our expertise to ensure all the compliance boxes are ticked and penalties are avoided.
when should your company be cautious of ai

When Should Your Company Be Cautious of AI?

Artificial Intelligence (AI) is everywhere. Looking around, it seems just about every business in just about every sphere is trying to leverage the technology to streamline their operations, automate tasks and even interact with their clients. But even as AI becomes integrated with everything from banking to your toothbrush, many experts are warning that it still falls short in several critical areas. Here's what you need to know to make sure you don’t leave yourself expecting too much from your little robot buddy.
© Copyright - Fenns Inc Chartered Accountants in South Africa and Mauritius | Developed by Creative Africa Media - Enfold Theme by Kriesi