budget 2024
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Budget 2024: How It Affects You and Your Business

There were few surprises and little in the form of good news in Budget Speech 2024. Although there were no major tax proposals and no major tax rate hikes announced, individual taxpayers will bear the brunt of a R15 billion Budget shortfall, while multinational corporations will pay a global minimum corporate tax, and plans are afoot to tap into the SARB-administered contingency reserve account. Here is a brief overview of the most pertinent announcements for individuals and businesses that underscore the need for professional tax advice in the year ahead.
tax calculator
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Budget 2024: Your Tax Tables and Tax Calculator

Budget 2024 effectively brought an increase in personal income tax by not adjusting the tables for tax rates, rebates and medical tax credits, while also implementing substantial increases in ‘sin’ taxes and introducing a proposed global tax on multinational companies. This selection of official SARS Tax Tables and other useful resources will help clarify your tax position for the new tax year. Then follow the link to Fin 24’s Budget Calculator (just follow the four-step process) to perform your own calculation.
things to look for when buying a small business
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Things to Look for When Buying a Small Business

On the surface buying into a small business can seem easy. There aren’t a lot of laws to negotiate, and payment can often be done in a single cash-based transaction. However, there are a lot of hidden pitfalls that could make this one of the worst decisions of a person’s life. This is why investment experts recommend doing “due dilligence” before you transfer all of your money. Here are the most important things to look for when buying a small business.
the five skills your business needs to cultivate in 2024
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The Five Skills Your Business Needs to Cultivate in 2024

If you are like the vast majority of companies out there, you are neglecting employee training and it’s going to cost your business. This is the warning coming out of the Harvard Business review which reported that one of the main reasons top talent leaves an organisation is that they feel their career development is not being supported. In 2024, there is no excuse for this as there are dozens of new skills that employees need to be trained in for the true success of your business. Here are the most important.
build your team stronger this year
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Build Your Team Stronger This Year

All stakeholders benefit when happy employees enthusiastically work together as a strong cohesive team to achieve clear and common goals. Given the demanding realities of the business world, this may seem like a lofty ideal, but in just five practical steps outlined in this article, you can build a stronger team in 2024, allowing your business to enjoy all the well-documented benefits of great teams - which go beyond just the bottom line – throughout the months ahead.
2024 best year yet for your business
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2024: Best Year Yet for Your Business?

South African businesses have survived some incredibly trying and uncertain years, marked by lockdowns and blackouts, rising interest rates and tight economic conditions. While businesses have little control over these external challenges, what is under every business owner’s control is how the company approaches 2024. You can exercise this control in three simple steps: Assessing the past, measuring the present, and planning for the future – approaching the year ahead with clarity and a solid plan to make 2024 your company’s best year yet.
how to survive ongoing high interest rates in 2024
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How to Survive Ongoing High Interest Rates in 2024

The South African Reserve Bank recently held interest rates for the third time in a row, keeping the repo rate at 8.25%, with the prime lending rate at 11.75%. The rates therefore remain high and show no signs of coming down. High interest rates can affect almost every aspect of your business, from sales to expenses. Here are some tips to help you survive.
how to achieve tax compliance throughout 2024
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How to Achieve Tax Compliance Throughout 2024

Tax compliance is accepted as an indicator of how well the affairs of a business or individual are managed and their good standing in terms of their legal obligations. It also saves a great deal of time and money. Achieving and maintaining tax compliance in 2024 will be more challenging than ever before, as SARS continues to step up both its compliance requirements and the prosecution of non-compliant taxpayers. This makes it essential to rely on the expertise of your accountant, which is also recommended by SARS.
Why January is the Perfect Time to Start a Business
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Why January is the Perfect Time to Start a Business

Thanks to New Year's resolutions, January has always been a popular time to start a new business, but resolutions aren’t the only reason it's a favoured time of the year for new endeavours. January offers a wealth of benefits that make it ideal as a founding month.
corporate gifting how to boost your business this festive season
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Corporate Gifting: How to Boost Your Business This Festive Season

There is no more appropriate time than the Festive Season to show appreciation to clients, suppliers and business partners, to build better business relationships and to differentiate your company from the competition. Well-chosen corporate gifts are a great way to do so, and with these excellent corporate gifting tips, you will be able to create the right impression about your company, while also ensuring that your business associates feel valued.