What do you do about an employee who refuses flat out to be vaccinated for COVID-19? Presumably most South Africans can’t wait to join the vaccination queue, but it seems inevitable that a significant minority of people will decline on any one of a variety of grounds – some more reasonable than others. As an […]
Can an Employee Who Refuses Vaccination be Fired? Read More »
The importance of the SMME (Small, Medium and Micro Enterprise) sector in South Africa cannot be overstated. As a result, the challenges affecting the performance of these SMMEs have been deeply interrogated with the aim of removing these proverbial “thorns from their flesh”. The lack of education and training among small business managers and directors
SMME Owners: Your Training and Education Will Boost Your Business Read More »
The Compensation for Occupational Injuries and Diseases Act (COIDA) provides a statutory insurance policy for your employees and pays them compensation if they are killed, injured, disabled or contract an occupational disease or illness whilst at work. As an employer you are required to register and to submit an annual return (RoE or Return of
Employers: Compensation Fund Return of Earnings Deadline Extended Read More »
Looking back at the 2008 global economic crisis and the recent corporate failures, Steinhoff in particular, one may be tempted to ask: “Why didn’t boards and their advisory committees (audit committees in particular) not see what was coming?” There has, undoubtedly, been a significant loss of confidence and trust in top management. Some of this
Leadership, Ethics and Governance: The Benefits for Your Business Read More »
1 March 2021 sees a new National Minimum Wage in place, plus an increase in the “earnings threshold” provided for in the Basic Conditions of Employment Act (BCEA). Quoting from the Employment and Labour Minister’s formal announcement of the changes, we set out the increases for employees generally, as well as those for each of
New National Minimum Wage and Earnings Thresholds From 1 March 2021 Read More »
“If you fail to plan, you are planning to fail” (Benjamin Franklin) We have all been battered by the economic fallout from the lockdowns. Now more than ever before we should pro-actively take control of and manage our finances through the crisis. A personal financial plan is key here. Without a plan we will drift
Your Website of the Month: A Month-by-Month Personal Financial Planner for 2021 Read More »
By the end of this month, the second provisional income tax payments for companies are due for a financial year that certainly ranks among the most difficult in recent memory – a year in which many business owners realised, as Thomas Dewar once put it, that paying income tax is in fact better than being
Provisional Income Tax Due 26 February: Do’s and Don’ts for Companies Read More »
Most, if not all, entrepreneurs are passionate about their ideas or concepts for a new product or service offering. Frankly, they need to be. Once the business is up and running it is easy, and quite natural, to be so focused on your idea and business and the busyness of the operations and activities, that
INDEPENDENT NON-EXECUTIVE DIRECTORS: A VALUE-ADD FOR YOUR SME? Read More »
At a time of deep economic recession, small businesses must manage their accounting and tax functions efficiently and smoothly to avoid any unnecessary costs like SARS penalties. Making elementary mistakes with a small company’s tax affairs can have disastrous and costly effects for a firm’s ability to survive these harsh times. In this article, we
The Five Most Common Tax Pitfalls That Small Business Owners Should Avoid Read More »
It is a sobering statistic that 70% of family businesses do not survive into the second generation – a significant loss considering the time, effort and investment required to start, manage, and grow a business in South Africa. Ensuring your business can survive beyond the loss of an owner, a partner or another key individual
Leaving a Legacy: Ensure Your Business Survival with a Succession Plan Read More »
