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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.

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five foolproof tips for onboarding remote employees

Five Foolproof Tips for Onboarding Remote Employees

Getting a new employee comfortable with company systems, values and dynamics can be a difficult ask at the best of times. And it’s even harder if you’ve got to do it all via video call. Of course, remote onboarding has its challenges. But this doesn’t mean it can’t be done well. Here are five simple tips for ensuring your remote employee is brought into the company effectively and efficiently.
Is venture capital right for your business

Is Venture Capital Right for Your Business?

Few methods of finance in business cause as much confusion as “venture capital”. To most, it’s just money tech businesses get in return for a game changing idea. But the truth is it may be just the tool to help your business, regardless of what you do, how long you’ve been around or how many people you employ. If you’ve ever watched Dragon’s Den, you’ve seen venture capital in action. Here’s our look at what venture capital is, and the surprising ways it could take you to the next level.
5 top employee retention strategies

5 Top Employee Retention Strategies

Remote work, freelancing, and the gig economy have changed the face of business completely. The ease with which employees can sell their time, change jobs, or work for global brands means the competition for top talent has never been more aggressive. Employees with the skills and/or experience to impact your bottom line are more in demand than ever before. Whether you run a mom-and-pop coffee shop or a global conglomerate, these five tips will help you hang on to the people who build your business.
how to breeze through a sars audit

How to Breeze Through a SARS Audit

Nobody wants to go through a SARS audit, as collating all the documents requires time, money and effort. What’s more, it may result in the levying of understatement penalties of up to 200% with the harsher 200% penalty applying in instances where the taxpayer is either obstructive or is a repeat offender. You can expect more frequent and tougher audits as SARS continues to step up its enforcement and collection efforts. But it’s not all doom and gloom. Allowing our experienced team to manage your SARS audits will save you time and money, and ensure compliance – allowing you to breeze through the audit process.
7 effective business lessons inspired by madiba

7 Effective Business Lessons Inspired by Madiba

In just a few days, on 18 July, the world will commemorate Nelson Mandela Day, dedicated to honour our Tata, Madiba, known for his great leadership skills and his ability to inspire people around the world to greater heights. Mandela also left us with some really effective lessons that can inspire and encourage business owners and entrepreneurs in these uncertain times. In this article, we highlight 7 important business lessons inspired by Madiba’s wisdom.
use this sars incentive to bring young people into your business

Use This SARS Incentive to Bring Young People into Your Business

Youth Day, celebrated on 16 June each year, is an ideal opportunity for businesses to look at ways of bringing fresh young talent into their teams to unlock a myriad of business benefits. One way of doing so is by utilising the Employment Tax Incentive or ETI for short, an incentive provided by SARS to encourage employers to hire young work seekers. Our team can help you take advantage of this incentive and to unlock the benefits of having young workers in your business.
how to implement effective leadership development in your business

How to Implement Effective Leadership Development in your Business

With businesses increasingly becoming more diverse, more remote and more fractured, leaders need new and different skills to manage these diverse teams. Leadership training has also been shown to be crucial in retaining employees and keeping staff turnover low. Despite this, leaders themselves largely admit they are not qualified to lead hybrid teams and most companies acknowledge their leadership development is woefully lacking. Here’s how you can implement effective leadership development at your business.
quick tips for preventing time fraud

Quick Tips for Preventing Time Fraud

Fraud: it’s a word that strikes fear into every business owner’s heart and something any good leader takes steps to avoid. By hiring an accountant, you have already gone a long way toward ensuring no one will be able to slip finances out of your company illegally, but did you know there is another, more insidious kind of fraud that’s just as dangerous? Time fraud. Time fraud is exactly as it sounds, the theft of company time, and, unchecked, it can close your business, destroy client relations and ruin company morale. Here are our five tips for ensuring it never happens.
employers your coida return of earnings deadline is 30 june 2024

Employers: Your COIDA Return of Earnings Deadline is 30 June 2024

All employers - whether individuals or businesses – must be registered for COIDA, which aims to provide all employees with access to compensation if they contract an illness, suffer a disability or die while at work. To maintain COIDA good standing, every employer is also required to submit a Return of Earnings annually. The deadlines are currently tight, with the next one at the end of June, but we can still assist you to maintain good standing while avoiding possible penalties, fines, site visits and audits for late or incorrect submissions.
5 things you need to do after the cipc hack
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Five Things You Need to do After the CIPC Hack

On the 1st of March 2024, South Africa’s official regulatory body for registering companies, co-operatives, and intellectual property rights (including trademarks, patents, designs and copyrights), the CIPC, put a notice on its website about a hacking incident on Thursday, the 29th of February 2024. Since then, additional information has come to light, which indicates this may be worse than the agency believes. Here are the five things you need to do after the CIPC hack.
beneficial ownership registers now mandatory with cipc annual returns
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Beneficial Ownership Registers – Now Mandatory with CIPC Annual Returns

It’s been a year since 24 May 2023 when company directors and members of close corporations became obliged to lodge a Beneficial Ownership Register plus supporting documents with the Companies and Intellectual Property Commission (CIPC) - which also needs to be maintained, updated timeously and confirmed annually. Since all entities should have lodged this register by 24 May 2024 - a year later - it has now become mandatory to file beneficial ownership information before the annual returns can be submitted. Non-compliance with the beneficial ownership requirements has consequences, as does failing to submit the annual return timeously.
How and when to save a struggling start up
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How and When to Save a Struggling Start-Up

When people speak about start-ups, they often only mention the successful ones. Stats, however, show that five years after founding only half of all businesses are still alive and after ten years only one third remain. The list of reasons for this is endless, ranging from a lack of capital to volatile markets and poor hiring choices. If your business is struggling it’s not unusual and there are definitely things you can do about it, but should you? Here’s our guide for knowing how and when to save your start-up.
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