Working times and the BCEA
The Basic Conditions of Employment Act (BCEA) provides a basic guideline on BCEA regulations relating to: Working times: including shift work, weekend work, public holidays, overtime Payment: including payment in kind, deductions Leave: annual leave, sick leave, maternity leave, family responsibility leave, unpaid leave and absence without leave Deductions: including those required by law and […]
More time, Is it really available?
Who couldn’t do with a few more hours in the day? Do you feel like you have been busy but have not really achieved anything at the end of the day? Well, you don’t have to stop the sun in its path to do that. Here are a few tips to loosen and free up […]
Company (entity) structures used in SA
There are a lot of questions that can be asked when someone advises you to “open a company”. It is a great piece advice but depends on various factors. This depends what kind of entity you want to run and why. Sole Proprietor Characteristics Most common and the most simple Owned and operated by a […]
Tax Glossary – do you speak Tax?
Do you speak tax? You may not like talking about tax for many reasons. Many people simply just do not understand the tedious or very technical terms and jargon so before you try to get your taxes in order, it’s important to be familiar with that technical jargon you’re about to be bombarded with. This […]
SARS tax bursary: what you need to know
The taxman has historically had a bad name. In fact, tax collectors were considered the scum and the “lowest of the low”. Based on that premise, in South Africa, the South African revenue service (SARS), had inherited that name. You mention the word ‘tax’ and a flurry of complaints and horror stories will arrive. The […]
Reports: What’s the point?
Reports and gym? This may seem like a funny start to an article about business reports but the gym I go to is on the first floor of the building (second if you park in the basement). In any building if I can, I will take the stairs, to a reasonable floor that is. The […]
Good Cash Flows
Good cash flow keeps a business alive, poor cash flow can sink it. Poor cash flow is a big reason why 20% of businesses doesn’t make it past the first year, and why more than half don’t survive past the fifth. This post, will explain what cash flow is, take you through some of the […]
Home office – how to set it up
Home office – why Having a home office may be an attractive option if you’re running a small “one-man show” or starting out small with a view to expanding once the business is off the ground. There are, however, some practical issues to consider before you start setting up your office. Home offices can be […]
Cash in your business: How to (properly) report it in your business
Cash in my business? Still? For those who may have forgotten, cash is that paper and metal money that you used to pay for items with ;-). Surprisingly, Cash in your business is still a reality in many businesses. We assumed that debit cards/zapper/ SnapScan, etc. would come into the world and take over. It […]
COVID-19: Questions to ask to see how bad it is
COVID-19 – don’t even talk to me about business!!! Everybody is stating that their business has been affected by the covid-19 pandemic and they might well be correct, but there are questions around this statement that need to be answered before this is a factually correct statement in the context of the world of business […]