Entries by admin

The economy shrinks by 0,7% in Q2: 2018

The South African economy slipped into recession during the second quarter of 2018, shrinking by 0,7% quarter-on-quarter (seasonally adjusted and annualised). This followed a revised 2,6% contraction in the first quarter of 2018. The widely recognised indicator of recession is two (or more) consecutive quarters of negative growth (real GDP quarter-on-quarter). South Africa experienced its […]

Formal employment declines in second quarter of 2018

According to the figures from the Quarterly Employment Statistics (QES) survey, released by Statistics South Africa, the total number of jobs reported in the second quarter showed a decrease of 69 000, bringing the total number of persons employed in the formal non-agricultural sector of South Africa to 9 748 000. Job losses were reported in the […]

How do I register for Tax

Only after you have registered as a taxpayer, you can register on eFiling. Unsure whether you are registered or not? Ask your employer, or call our SARS Contact Centre on 0800 00 7277 or visit your nearest SARS branch to find out. Top Tip: SARS won’t provide your tax number to another person, unless the […]

Maximise productivity with virtual meetings

As life gets busier, people have less time to commute to and from meetings. Luckily, with today’s technology the commute can be eliminated altogether and all you require is an internet connection to speak to your fellow colleagues. Virtual meetings can be convenient if used correctly and it allows people from all over the globe […]

Accounting apps market grows, but jury is out on effectiveness

Accounting apps market grows, but jury is out on effectiveness The market for accounting apps in Australia has recorded more growth. Some are convinced of efficiency gains, while others believe the market is beyond saturation point. New research from Xero, released today, shows that businesses that used connected apps grew revenue by 5.5 per cent […]

The art of getting attention in business

I came across an article in an accounting magazine about growing your business through referrals, but started falling asleep when the author got into psycho-babble about projecting positive body language. This is the kind of stuff you get in Cosmopolitan magazine: smile often, have an open body posture, make eye contact and pay attention to […]

Tax Returns: Top 18 Pitfalls to Avoid

In an article by Helena Wasserman featured in Business Insider SA, taxpayers are alerted to the top 18 mistakes one could make on a tax return. Are you preparing to file your own tax return now that tax filing season is open? SARS is waiting for returns according to Wasserman, and she urges tax filers […]

Nearly 7% of SA’s budgeted revenue blown due to State mismanagement

The number crunchers at the DA have tallied up the amount of irregular, fruitless and wasteful expenditure in government departments and state-owned entities (SOEs) and it comes to a staggering R100,9 billion. Earlier this month the DA put the figure at about R76 billion. But that was before it had sight of the “serial mismanagement” […]