Micro Business vs Company Tax

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

Income and Expenses – The Cash Flow Balancing Act

income-expenses-cashflowOur 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 101

cashflow managementCash 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

Procrastination…

procrastination“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?

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Family Responsibility Leave

family-responsibility leaveWhen 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

How To Mobilize Difficult Staff

difficult-staffEvery 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

Dealing With Conflict at Work

resolving-staff-conflictNo 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