The 2025 Tax Filing Season Opens on 7 July
The Tax Filing Season for the 2024/2025 year of assessment will officially open on 7 July 2025. Find out here what the deadlines are and which of them apply to you. Also discover what to do if you are auto assessed – and if you are not. Hot tip: streamline your 2025 tax season by simply relying…
Business Hack: How to Better Define Your Target Market
Failing to understand your ideal customer, wastes time, energy and resources. According to a report by CB Insights, 42% of startups fail because there is no market need. In other words, many companies are failingsimply because they didn’t define or validate their target audience properly. So, how do you determine your real audience, and then…
Don’t Let Your Best Ideas Go: Why You Must Protect Your Intellectual Capital
-While most businesses focus on funding or tangible assets, true value often lies in intellectual capital. A company’s people, ideas, systems, and relationships are the intangible resources that drive success. But they are often neglected or even forgotten. To thrive long-term, founders must recognise, nurture, and retain the knowledge and creativity that set their business…
How Funding Budget 3.0 Will Impact You: Project AmaBillions
The scrapping of the proposed VAT increase in Budget 3.0 resulted in a budget shortfall, necessitating alternative sources of funding. One of these is the increased collection of outstanding tax debt. It’s a challenge SARS has accepted, Treasury has financed with an additional R4 billion in funding, and the media is touting as “Project AmaBillions”.…
Budget 3.0: VAT Increase Out, Fuel Levy Hikes In
Last month’s Budget 3.0 withdrew the contentious proposed VAT changes. This resulted in inflation-linked fuel levy increases of 16c for petrol and 15c for diesel, from 4 June. Other tax proposals from March’s Budget – including static personal tax thresholds, reduced transfer duties, and sin tax increases – remain unchanged. The tax measures contained in…
How to Untangle Your Personal and Business Finances
Here’s your revised text with the bullets removed while keeping the formatting intact: In the life cycle of every small business or start-up, one early trap catches many founders off guard: failing to separate personal and business finances. Whether you’re a seasoned entrepreneur or just starting out, maintaining clear financial boundaries is essential for protecting…
Tax Avoidance vs Tax Evasion: Toeing the Line
There’s a thin line between tax avoidance, which is legal, and tax evasion, which is a tax crime. Every taxpayer, corporate or individual, has the right and duty to ensure they don’t pay any more tax than what is legally required – but tax evasion can result in hefty penalties and even jail time. In…
Zen and the Art of Fostering Job Stability in an Uncertain World
Today’s work environment is fast-paced, unpredictable and ever-changing. Between the gig economy, retrenchments and the transformations brought about by AI and other technologies, studies are now showing that the traditional 9-to-5 job is no longer viewed as being a stable way of life. Workers are increasingly feeling insecure. This fear is impacting their mental health…
Mind The Tax Gap! Here’s How…
Increased funding allocated in Budget 2025 will enable SARS to zoom in on an estimated R800 billion in unpaid taxes in South Africa, including a substantial so-called “tax gap” of uncollected taxes. For taxpayers, this means more scrutiny, enquiries, verifications, and audits – and more stringent debt collection measures. Here’s how we can help you…
The 5 Cognitive Biases That Could Sink Your Business
Running a business requires leaders to make hundreds of decisions each year. Some of these are small and inconsequential. But others have the power to affect the company’s future, determine the happiness of its customers and impact the lives of all its employees. Without knowing it, however, each decision-maker typically brings their personal history, biases…