Anyone who is starting a new business knows that your accountant is who you go to when you need to do your taxes at the end of the year. Most will know that they can also do the books or offer financial advice. However, many won’t be aware of just how much more your accountants are able to do for your business and how much value can be accrued from speaking to a professional.
From assisting with HR, to streamlining cashflow and getting involved with your business software, accounta…
No one is able to login to social media these days without reading about Artificial Intelligence. The technology has been evolving at light speed and awareness of its various iterations has come on just as fast. But is Artificial Intelligence really all it’s cracked up to be and can it actually help businesses streamline operations and lower costs as promised?
The answer is that while some of the more popular apps and claims certainly don’t yet live up to the hype, there are still …
South African companies and households, with no option but to seek alternatives to Eskom’s expensive, erratic and deteriorating supply, will be relieved to know that – from a tax perspective – the timing could not be better to invest in solar and renewable energy.
Two time-limited tax measures were announced in the 2023 Budget in February to encourage investment in renewable energy. The first is an expanded tax incentive for businesses that will reduce taxable income by 125% of the…
While many companies pay the Skills Development Levy (SDL) that amounts to 1% of total payroll each month, not all companies are taking advantage of the incentives that allow as much as 70% of the paid levies to be claimed back by meeting certain requirements and submitting the required annual reports by the 30 April deadline.
Not claiming back the levies paid results not only in forfeiting of the monies recoverable but also in missing out on other benefits. In this article, we look at w…
Budget 2023 focussed firmly on the energy State of Disaster. The most prominent announcement was that government would take over R254 billion of Eskom’s debt, while two tax relief measures totalling R9 billion were introduced to assist individuals and businesses to invest in solar and renewable alternatives.
As a result of this and an improvement in revenue, there were no major tax proposals in this Budget. The respite from tax increases and the tax relief from adjusted …
