employee benefits
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Employee Incentives That Really Work for Small Businesses

Happy and industrious employees are a huge step toward business success. In a small business, each and every employee needs to be performing to their best ability if the company hopes to succeed. Employee incentives are therefore a great tool for both keeping employees happy and building a successful business. The challenge, however, is that the incentives a small company can offer would not traditionally be as large as those offered by big corporations. So how can small businesses successfully keep their employees feeling appreciated within budget? Here are 5 ideas that really work.
Trusts

The Risky New Trust Landscape – What Trustees Need to do Now

Recent legal and tax amendments have considerably altered the trust landscape, placing onerous new duties on the shoulders of all trustees in South Africa, while also exposing them to significant risk, with penalties for non-compliance including substantial fines of up to R10 million or imprisonment for up to 5 years, and some of the impossible deadlines already passed! In this article, discover the new duties imposed on trustees and why professional assistance is essential to ensure compliance.
tips for pacing business growth for sustainability

Tips for Pacing Business Growth for Sustainability

Every entrepreneur that starts a business does so hoping it will grow into a working concern. Despite this, many go into the process of building those businesses blindly, unaware that the pace of growth and the way it is handled is a critical element of making a business work in the long run. If a business grows too slowly, it may run out of financing, and if it grows too quickly, it may collapse due to an inability to meet requirements and client dissatisfaction. Here’s our guide on how to grow your business sustainably.
cybercrimes
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Don’t Fall Prey to the Most Common Cybercrimes!

Cybercrimes, including phishing and online scams, are not only the biggest current threat in Africa, according to Interpol, they are also the type of crime most likely to increase in the next three to five years. In this article, we share the prominent cyberthreats identified by Interpol - with Business Email Compromise (BEC) still top of the list, explain what these cybercrimes entail, and also offer some excellent tips from expert sources to help you, your business and your employees remain safe from these growing threats to businesses and individuals.
email scam sars

SARS Warning: Beware Scam Emails!

South Africans are expecting to hear from SARS, with Tax Season 2023 open since 7 July. Knowing this, cybercriminals will also be intensifying their email “phishing” attacks by sending emails that seem to come from SARS – often apparently notifying you of a tax refund or scaring you with outstanding debt or penalties – created to trick people into clicking on a link, sharing one-time pins (OTPs) or providing personal details. Read on for more detail, advice on keeping safe, and useful links…
employee cost
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The True Cost of an Employee

As they develop, businesses often need to take on new employees. The decision as to whether to do so will come down to business needs and the potential for growth compared with the cost of that new employee. Unfortunately, newer business owners can often hugely underestimate the true cost of that employee. Monthly wages are just the first consideration when costing a new employee in this critical equation. Here are the things you need to factor in to work out the true cost of an employee.
directors
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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.
research and development
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Can the R&D Tax Incentive Benefit Your Business?

In this article, we unpack what the incentive aims to achieve and what it offers, how businesses can determine whether this research and development tax incentive applies to them, what the terms and conditions entail, and how to ensure your business can benefit while meeting all the requirements.
opportunity
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When to Say No to an Opportunity (or a “Barnacle”)

Knowing how to recognise a bad opportunity or when to turn down a good one is as important as any other aspect of your business. Choosing to take on an opportunity, which may not be right for your business can severely limit your future and foster unhappiness among staff, while making these calls correctly will help you to better define your brand and strengthen your business. Here’s how to recognise it’s time to say “no” to an opportunity.
solar
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How You and Your Business Can Benefit from SARS’ Solar Tax Breaks

Two time-limited tax measures were announced in the 2023 Budget in February to encourage investment in renewable energy. The first is an expanded tax incentive for businesses that will reduce taxable income by 125% of the cost of qualifying investments in renewables, and the second is a tax rebate to individuals for 25% of the cost of solar PV panels.