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No one likes paying tax, and it particularly rankles when we realise how long each year it takes us to cover our liabilities to the Tax Man.
What’s more the arrival of “Tax Freedom Day” – the day we effectively start earning for our own account – seems to happen later and later every year.
So let’s have a look at when South Africa’s Tax Freedom Day is this year, and at how we rank worldwide - are we really as badly off as we think we are?
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Life, as we all know, is full of risk. Things go wrong all the time, in business and in our personal lives. As Machiavelli pointed out 500 years ago “All courses of action are risky, so prudence is not in avoiding danger (it’s impossible), but in calculating risk and acting decisively”.
We share some thoughts on how to manage the risks that inevitably face SMEs daily, and we recommend that you watch two excellent TED Talks videos filled with useful insights and practical advice.
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The media has been awash with news of the 25 May enforcement date for the European Union’s GDPR or “General Data Protection Regulation”. You’ve probably also received a slew of “Do You Want to Stay in Touch?” and “Let’s Stay Together!” emails from companies rushing (as they see it) to comply with these new privacy laws.
But does GDPR affect South African businesses? And what about our own POPI Act? We share some thoughts…
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