It has been over a decade since South Africans first experienced load shedding. Although we've forcibly adjusted to the stages and plan our days accordingly, the long-term impacts on business and our economy still hit hard. Load shedding was first…
May signals employers to get their proverbial business house in order with deadlines fast approaching for EMP501 Employers Annual Reconciliation and Workman’s Compensation Assessment. (WCA) due at the end of this month. The Employers Annual Reconciliation or EMP501 is a…
Herewith are the highlights: Tax matters Tax is always a matter of discussion and, unfortunately, a jargon-filled language that not everyone speaks. Contact PRNC to get better acquainted and make sense of your tax situation, especially regarding tax tables, rebates…
A tax clearance certificate is a three-letter word that plays on many people's lips, especially if you are a South African ex-pat dealing with SARS from abroad. In short, a tax clearance certificate is an official document that shows that…
If you are a South African resident, you are subject to being taxed on your income, irrespective of where you earned it. In our blog on financial emigration, we discussed financial emigration from South Africa and the implications on your…
South African corporate tax refers to annual income tax payable on salaries, commissions, fees etc., by all registered businesses or business owners who are self-employed, in a business, companies or close corporations to the South African Revenue Service (SARS). Generally,…
According to the Merriam-Webster Dictionary, "the word immigrant is used when talking about the country moved to. Emigrant is used when talking about the country moved from. Someone is an emigrant when they leave their country of origin and an…
To what does cash flow in the business refer? Business cash flow is the net balance of cash that, at a specific time, moves into and out of business. What is a cash flow budget? Often referred to as a…
Any business goal is a promise to its future self, and with regular health checks, you see your company's growth, development and expansion. Irrespective of being a startup or established, business health checks aid in identifying strengths and areas that…
American business mogul, investor, and philanthropist Warren Buffet confidently stated, "The more you learn, the more you earn," and considering that he is currently the fourth wealthiest person in the world with a net worth of over $100 billion, we…