https://www.fenns.co.za/wp-content/uploads/2022/08/Trust.png 630 943 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-08-08 08:47:242022-08-08 08:47:27Is Your Trust Registered and Ready for Income Tax?
In this article, we look at why trusts are used by business owners, how trusts are taxed, how the tax return for a trust must be completed and submitted, and why assistance from an accounting and tax practitioner is essential to avoid the many potential pitfalls, as well as the penalties and interest that will be levied for late returns, late payments, and non-compliance.
https://www.fenns.co.za/wp-content/uploads/2022/08/Credit-Score-1.png 630 945 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-08-03 14:20:442022-08-03 14:21:26The Importance of a Good Credit Score
Business credit is one of the most important tools in any entrepreneur’s toolkit. Building a good credit reputation helps the business qualify for credit facilities such as business credit cards and loans, and can open up many other funding opportunities. Your business’ credit begins when you register your new company and is likely to become an important aspect of your success. So how can you build your credit score to ensure you have the best possible score when the time comes that you need it?
https://www.fenns.co.za/wp-content/uploads/2022/08/Cashflow.png 630 943 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-08-03 13:09:522022-08-03 13:11:18Top Ten Tips for Maintaining a Strong Cash Flow
Given the crucial importance of proactively managing the cash flow in your business – and the fact that it is one of the biggest challenges most business owners face - we share in this article ten top tips you can implement in your business immediately to maintain a positive cash flow and ensure adequate cash flow reserves are always available as the end of the year approaches.
https://www.fenns.co.za/wp-content/uploads/2022/07/Delegation.jpg 627 1200 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-07-05 10:47:532022-07-05 10:47:55Learning The Essential Art of Delegation
Starting a business is often a lonely process. In the beginning you are doing it all, from registering the company to meeting with clients, putting together presentations and managing stock. As the company grows it then becomes necessary to start giving some of these tasks to other people to ensure everything can get done and it's at this stage that business owners need to learn the subtle art of letting go of full control.
https://www.fenns.co.za/wp-content/uploads/2022/07/Keep-your-business-SIMPLE.png 854 1200 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-07-01 12:43:502022-07-05 10:38:15Keep Your Business Simple!
Leaders may be surprised to discover that while finding new areas for growth can ultimately help a company it is not always the best solution. Beware of unnecessarily innovating, branching out and pushing boundaries which in turn can mean the obvious choices or otherwise smart decisions may be missed. Here are the reasons that keeping things simple, can be the best solution for your business
https://www.fenns.co.za/wp-content/uploads/2022/07/Tax-Season-Deadline.jpg 800 1200 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-07-01 12:28:072022-07-05 10:39:33Tax Season 2022 Now Open: Beware, This Year’s Deadlines are Shorter!
Yet another tax season is upon us, and this year the D-dates are much closer than you think! With the submission deadlines for all taxpayers substantially earlier this year, taxpayers are well-advised to get started on their tax returns without delay, making sure there is sufficient time to address any potential issues that may arise.
https://www.fenns.co.za/wp-content/uploads/2022/06/Reports-wp.jpg 1067 1600 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-06-01 15:42:212022-07-05 15:39:44Five Financial Reports for Informed Decision-Making
Informed business decision-making - from effective daily financial management to strategic future planning - requires specific, timely information that allows business owners to understand where the business stands financially at a certain time, what is happening over a period, and where action is required to improve financial performance.
https://www.fenns.co.za/wp-content/uploads/2022/06/Crisis-wp.jpg 1067 1600 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-06-01 15:13:472022-06-01 15:15:06How to Prepare for and Manage a Business Crisis
Building your business has been hard, but right now it all seems to be working. You have dozens of clients and a history of good service and strong reviews. It may seem like it will be all smooth sailing from here, but this is almost certainly not the case. As the Covid-19 pandemic proved, a crisis can come out of nowhere and take a successful company to the very edge of bankruptcy or even close it down.
https://www.fenns.co.za/wp-content/uploads/2022/06/Estate-Planning-wp.jpg 1067 1600 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-06-01 14:52:552022-06-01 14:54:24Estate Planning: Act Now to Protect Your Family and Business After You Are Gone
The legacy you would leave behind, if today turned out to be your last day, is detailed in your current estate plan and your will (“Last Will and Testament”) - quite possibly the most important document you will ever sign, because it is the only way to ensure those you care about are protected and properly looked after once you are gone.
https://www.fenns.co.za/wp-content/uploads/2022/05/move-office-1-scaled.jpg 1336 2560 Alison Scheepers https://www.fenns.co.za/wp-content/uploads/2022/01/Fenns-Logo-340x156-1.png Alison Scheepers2022-05-09 13:42:242022-05-09 15:57:04The 7 Signs It’s Time to Move Your Business Out of The Garage
Every business owner should have a plan for what they want to do when the business gets big enough, and have an eye out for the right time to enact that plan. But just when is that? How do you know that it's time for your burgeoning company to get its own space and how do you make sure that when you move it's definitely going to be something that benefits the company and yourself?