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Provisional Tax: Are You Ready for the Crucial 29 February Deadline?
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Especially for taxpayers required to make provisional tax payments on income as both individuals and as owners of companies, it may seem that a provisional or final income tax deadline lurks around every corner, with the next and crucial second payment deadline for most companies and individuals just a few short weeks away on 29 February 2024.
Given the numerous declarations and payments overlapping through the year, provisional tax is among the most confusing aspects of the tax regime, and the most heavily penalised, making professional assistance essential when attending to provisional tax responsibilities.
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These Invoicing Tips Could Save Your Business
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It’s no secret that poor cash flow management can sink businesses. Without ready cash in the bank a business will struggle to meet its own commitments, destroying relationships, increasing costs through interest, and losing out on critical suppliers.
The good news is that some simple changes to company invoicing can result in a far higher percentage of paid invoices, quicker payment and ultimately better cash flow. Here’s what you need to do.
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Build Your Team Stronger This Year
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All stakeholders benefit when happy employees enthusiastically work together as a strong cohesive team to achieve clear and common goals.
Given the demanding realities of the business world, this may seem like a lofty ideal, but in just five practical steps outlined in this article, you can build a stronger team in 2024, allowing your business to enjoy all the well-documented benefits of great teams - which go beyond just the bottom line – throughout the months ahead.
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Adapt or Die: How to Develop a Digital Transformation Strategy
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From increasing costs to legal compliances and logistical challenges, there are a multitude of pressures on a modern business. This is why companies looking to thrive find themselves increasingly turning to technological solutions to free up staff time, streamline their operations and enhance customer experiences.
These digital transformations aren’t as simple as they seem on the surface, however, and smart business leaders will need to develop a digital transformation strategy that takes advantage of all that technology has to offer. Here are our top tips.
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Budget 2024: The Minister of Finance Wants to Hear from You!
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“Right now we have got a challenge because our growth levels are insufficient to be able to cope with higher levels of debt … I will have more on this in the February budget next month. I can tell you now, we are operating in a fairly constrained fiscal space so the message we are likely to put across in February is going to be a difficult one.” (Minister of Finance, January 2024)
Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2024 Budget he is expected to deliver on Wednesday 21 February 2024.
Go to National Treasury’s “Budget Tips for the Minister of Finance” page and fill out the online form.
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Disclaimer
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The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.
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