A significant step taken by SARS is that employers can now actively manage their payroll taxes (PAYE, UIF and SDL). These taxes have proved difficult to reconcile and this redesigned form is intended to simplify this process. It is important to get this right to avoid paying penalties and interest. Businesses can now make adjustments […]
SARS: CHANGES TO THE EMPLOYER STATEMENT OF ACCOUNT Read More »
The BGR team enjoyed a great day out at Grand West on 12 July!
Internal news – team build Read More »
Here’s some good news on a win/win/win scenario for businesses (big and small), young work-seekers, and South Africa generally. Everyone will be happy to learn that government’s initiative to encourage increased youth employment, the Employment Tax Incentive or ETI (commonly also referred to as the “Youth Employment Tax Incentive”), has now been extended for
Youth Employment Tax Incentive Extended for Ten Years Read More »
The dreaded Tax Season is once more upon us, and you’ve probably picked up news of the increased R500,000 personal income tax threshold to replace the previous one of R350,000. What does that mean for you in practice and what are the limitations and provisos applicable? Be careful here – even if you qualify for
What happens when a company’s board is deadlocked to the extent that directors can no longer agree on the decisions vital to the proper running of the company and its business? If all else fails (and this is usually a last-prize option), liquidating the company and placing it into the hands of independent liquidators may
Directors at war and the liquidation option – A tale of sibling rivalry Read More »
When a company goes into business rescue, creditors are often in for a beating. So as a creditor, if you had the foresight to cover your position upfront with personal suretyships from individuals with assets (normally the directors of the debtor company), you will no doubt be keen to recoup your losses by calling in
“Untold Wealth: That which does not appear on income tax returns” (Anonymous) “Tax Freedom Day” is the first day of the year that we South Africans (as a whole) have earned enough to pay off the Tax Man and to finally start working for ourselves. It arrived this year on 18 May. That’s five days
Tax freedom day 2019 has arrived! Read More »
Running a business brings many rewards, but also a host of risks and challenges. One of the more common of those is internal fraud. It can devastate your business and its reputation, undermine staff morale and jeopardise relationships with your suppliers, your investors and the compliance authorities. The danger is that it can happen to
How you can detect fraud in your business Read More »
Each year, BGR’s social committee choses an organisation in need of support. Support means spending time, or making a financial contribution – the directors always match the amount raised. For the second year in a row, staff visited the Sean Kelly Centre (Association for the Sensory Disabled). Last year staff painted the jungle gym, this
We all know that our economy needs a major boost. Business Confidence is down again, and last year’s mood of optimism is rapidly fading. The silver lining is that if we can just turn those trends around and start on a path of increasing economic activity, both jobs and a rise in GDP will follow.
QUICK WINS TO GET OUR ECONOMY GOING AGAIN Read More »
