From increasing costs to legal compliances and logistical challenges, there are a multitude of pressures on a modern business. This is why companies looking to thrive find themselves increasingly turning to technological solutions to free up staff time, streamline their operations and enhance customer experiences. These digital transformations aren’t as simple as they seem on the surface, however, and smart business leaders will need to develop a digital transformation strategy that takes advantage of all that technology has to offer. Here are our top tips.

Giving your employees gifts this Festive Season? Then be sure to check with your accountant first! This is because any kind of gift that an employee receives from an employer will be taxable in the hands of the employee, and in some cases, could have a detrimental impact on an employee’s overall tax liability. Find out here how SARS will tax the most common gifts to employees, and how to ensure your employees get the maximum benefit from any gift they receive from your company this year.

You have had your bright idea, saved up for months, and finally quit your 9-to-5 to run your own business. You have worked out the finances carefully but it’s still possible you have missed something. Starting a business can be surprisingly expensive, and much of this is down to a variety of hidden expenses. Failure to plan for these unknown costs can put a severe dent in the growth trajectory of your company. Here are the nine most common costs that entrepreneurs don’t plan for.