Basic COMPLIANCE in Business – CIPC & SARS Annual Returns.

Basic COMPLIANCE in Business – CIPC & SARS Annual Returns. What to do after you have a business idea? As we all know, a business starts with an idea. Then you gather equipment and resources such as Capital or Material needed to start trading but before trading we are required to register this business idea.Continue reading “Basic COMPLIANCE in Business – CIPC & SARS Annual Returns.”

I am just a small business; I have just started. How do I pay myself a salary and why is it important to do so?

No business can afford to pay its founder a salary, however you are expected to draw a salary from the business as the owner. This is because you started the business with skills and experience acquired over many years. Starting a business is like pumping oxygen into an inanimate object and bringing it to life.Continue reading “I am just a small business; I have just started. How do I pay myself a salary and why is it important to do so?”

When do you know that the business is doing well?

When do you know that the business is doing well? The blog is meant for both start-ups (fairly new companies) or medium to large enterprises. Most businesses start with a loan. The loan could be the capital which the owner ‘s money was injected into the business to start / funding acquired from various institutions /Continue reading “When do you know that the business is doing well?”

We Lost a Client …

The Heading of this Blog is hurtful, isn’t it? No one enjoys a loss, especially when you are in business and having clients is the driving force behind success. We have heard and know that the role of entrepreneurship is to provide valuable solutions to individuals or organisations. This is same with me when IContinue reading “We Lost a Client …”

What it means to File Annual Returns and Receive Refunds

What It Means To File Annual Tax Returns and Receive Refunds. I have dealt with numerous cases where individuals are facing problems such as owing SARS money and being unable to receive their last pay-out after their resignation/retrenchment. This has included elderly people that are already on pension. My wish is for my fellow citizensContinue reading “What it means to File Annual Returns and Receive Refunds”

WHY CORPORATE SOCIAL RESPONSIBILITY (CSR) PROJECTS ARE A MUST FOR SMEs TOO

Having CSR Projects is compulsory for every business irrespective of the company size or age this is my view. I will mention at least 3 reasons in hope to encourage all SMEs to join force. Through my business engagements many think this practice is only good for Big companies and they therefore dismiss the ideaContinue reading “WHY CORPORATE SOCIAL RESPONSIBILITY (CSR) PROJECTS ARE A MUST FOR SMEs TOO”

COMPLIANCE – VAT MATTERS

Question: A potential client and business owner, referred to me by a good friend, has been registered for VAT since 2008 and yet has never submitted his Company VAT schedules. Now he wants a Tax Clearance Certificate from SARS and he cannot get it as he just found out that he owes SARS 45K. Dee,Continue reading “COMPLIANCE – VAT MATTERS”

​A QUESTION WAS POSTED TO ME – PAYROLL

Q: I run a small business and have about five employees working for me, i always struggle with the issue of submission especially on the Payroll side. A: You will always struggle with your Payroll Compliances for as long as proper bookkeeping is not in place. Especially if deductions has to be made from yourContinue reading “​A QUESTION WAS POSTED TO ME – PAYROLL”

A QUESTION WAS POSTED TO ME – Goods Supply. 

A QUESTION WAS POSED TO ME – Goods Supply. The question is from a client who sells African costumes and accessories, and now has the opportunity to sell in bulk to shops. Q: Hi Dee. Is it a good idea to supply the same things to different shops? Do I need to disclose to theContinue reading “A QUESTION WAS POSTED TO ME – Goods Supply. “