As we enter the last quarter of the year, many business owners are counting the weeks until December. With the rush to sign clients and boost cash flow ahead of the festive season, it’s easy to forget one very important thing – your company’s annual review. Continue reading
In our previous blog post we outlined some of the differences between traditional company tax and the new turnover tax that SARS recently introduced. Now that we’ve covered the basic differences between these two types of tax, let’s get down to the difficult part – choosing which type of tax to register for. Continue reading
One of the most recent changes to SME taxation in South Africa is the introduction of micro business tax, or “turnover tax” by SARS. This new form of tax applies to smaller SMEs and start-ups, and may be a good option for entrepreneurs, depending on their annual revenue. In this article we take a look at the new microbusiness tax and compare it to traditional business tax. Continue reading
Our previous blog post discussed the basics of cash flow management – the process of making sure that your business always has cash to cover its expenses.
The idea of balancing income and expenses may seem really simple, but implementing the strategy in your business is not always that easy – in this article we take a look at the challenges of cash flow management in a small business and provide some solutions for entrepreneurs. Continue reading
Cash flow management – or making sure that there’s enough cash to pay expenses – is one of the most important things any business owner can do to ensure their success.
Without cash to pay creditors and salaries on the due date, even the most profitable business can land itself in financial trouble – let’s start with the basics of cash flow management to help you run your business smoothly. Continue reading
“I really should stop procrastinating – I just haven’t gotten around to it yet.”
If these words ring true to you, don’t worry – you’re not alone. Procrastination is one of the world’s biggest causes of incomplete tasks. Every minute of the day, you can be sure that someone is putting off a report or assignment for tomorrow, or trying as skilfully as possible to avoid household chores – it’s just part of human nature. Or is it?
When it comes to family responsibility leave, South African labour law is quite clear: every full-time worker is entitled to leave when family emergencies occur.
If you’re wondering how much family responsibility leave your staff members are entitled to, or whether a staff member qualifies for this type of leave, read on – we’ve prepared a quick guide that explains this issue in detail. Continue reading
Every business owner would like to work with a happy, motivated, and hard-working team – but what do you do when a member of staff simply doesn’t cooperate?
Difficult employees can make things very unpleasant in the office environment, creating unnecessary tension with fellow team members and managers and even alienating clients and suppliers. Rudeness, poor work results, and a general lack of team spirit are just a few of the tell-tale signs of a difficult staff member – here are some solutions for managers and business owners who’ve reached the end of their tether with a problem employee. Continue reading
No matter how hard they try, some colleagues and team members just can’t seem to get along. From outbursts during meetings to email wars that can drag the entire office into a time-wasting state of tension, workplace conflict is one of the biggest obstacles to effective management.
If your business doesn’t have an HR specialist on the payroll, you don’t need to spend a fortune on consultants – here are some common-sense approaches you can take to resolving office conflicts. Continue reading
We all dream of becoming happier and more successful – that’s human nature. The desire to progress in life and reach new heights in both your business and personal life is a strong motivator, but many people struggle to make these dreams a reality – the solution to this common problem is effective goal-setting. Continue reading