Counting the cost.
Service is “too expensive” The focus of most business owners is the cost of any item or service. There are always ways to cut costs in a business but often the business cuts the wrong costs. The essential services are first to either get cut or not to pay for a service. Countries across the […]
The Company Car
The company car is often an employee’s favourite perk In reality, it is an accountant’s little ticking time bomb A company car is a great perk but the tax that is levied on this perk, is not as simple as many of these employees might think. Travel expense claims and deductions are one of the […]
Tax Planning versus Tax Evasion
Tax avoidance and tax evasion is a sensitive topic. One is legal and the other illegal. Can you guess which is which? I hope you got it correct! Below is a more detailed explanation: Tax EVASION Is ILLEGAL. It is the purposeful and intentional evading of taxes to be paid. This is in any kind […]
Time: Where your time goes
I attend various networking meetings and events. I ask business owners if they would like to attend our meetings. Most decline. The most common reason? “I do not have the time”. It is clear that most of them don’t know where their time goes. Say what? I understand that many business owners are busy. Unfortunately, […]
One reason that you WANT to PAY TAX!
Why should I want to? The purpose of a company is to make a profit. Every business owner wants to make a profit. However, when you make a profit, you need to pay taxes. The overwhelming consensus from business owners and individuals is that they don’t want to pay tax. By extension of that thought […]
Physical exercise can be similar to running a business
We all know that regular physical exercise, in fact mental too, is good for you. Yes, you heard correctly. I am saying that training for an athletic event can be compared to running a business. More specifically, a small business of less than 10 people. I am pretty sure it applies to bigger companies too […]
How to make your business more efficient
There is a known fact that if one object is behind another object that is moving, it will not take as much energy to keep up with it. This is most evident in sports. In motor racing, it’s called a slipstream. In cycling, it’s known as drafting. It happens in running and swimming too. Any […]
Is the “recession” really impacting your lifestyle?
It is on everybody’s lips in South Africa and in fact all over the world. Recession. South Africa adds another word, junk status. Despite not completely understanding the concepts, the fear attached to them is taken seriously. This is not to mention floods, riots and of course COVID-19 This fear extends to any and every […]
Distraction – How distracted are you?
Distraction causes others pain! Last week, I was walking through a local mall. I was on the way to the car. All of a sudden a sharp pain radiated from my right ankle. It was not pleasant. I looked around and saw what had caused the pain. It was a trolley that had connected with […]
Time is money, so save it by doing this!
Time – never brought back again Time is an illusive beast and is the most valuable commodity in the world. this is because once spent, you can never get it back or get more by buying it. We all know the old saying of “time is money”, well it is 100% accurate. Today, more than […]