Should your business host year-end functions for staff, clients and suppliers? While there’s no obligation to have an end of year shindig, it may be a long-held tradition in some companies or an expectation among suppliers or clients in certain industries.

There are a few business benefits to hosting an event, along with a few cons and tax implications. This article will help you make the right decision for your business.

 


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 Tel: 021 970 4600
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Email: info@sdkca.co.za
 
Website:  www.sdkca.co.za 
 

December 2024 NEWSLETTER
To Host or Not To Host a Year-End Party?

Should your business host year-end functions for staff, clients and suppliers? While there’s no obligation to have an end of year shindig, it may be a long-held tradition in some companies or an expectation among suppliers or clients in certain industries.

There are a few business benefits to hosting an event, along with a few cons and tax implications. This article will help you make the right decision for your business.

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Why Aren’t You Hitting Your Revenue Targets? 4 Hard Truths
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Revenue targets are an essential business tool. They allow leaders, teams, and investors to track the performance and growth of a business across any given period of time. And they open up the possibility of forecasting, planning operations, and rewarding employees.

That said, they aren’t infallible. Here are four reasons why your team might not be meeting their targets – and what you can do to address them.

   
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Can You Afford to Work Overseas? How Double Taxation Agreements Work
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If you live in one country and work in another, you may already be aware of the threat of double taxation. Your country of residence may want to claim tax for the services it provides, while the country you work in may want their income taxes too. It’s a tricky scenario that changes depending on the specific circumstances.

To try and prevent this from happening, South Africa has entered into Double Taxation Agreements with 79 countries. But even when the law’s on your side, it can still be confusing. Read on for the lowdown…

   
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Unlock the Benefits of an End-of-Year Company Review
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An effective year-end business review can be a powerful tool for any firm. It identifies effective business processes and highlights areas for improvement, making it easier to formulate a solid plan for the upcoming year.

With our friendly and professional assistance, even the busiest business owners can complete a comprehensive annual business review. We’ll collate all the info, and we’ll help you to understand the numbers, so you can make informed business decisions – setting your business up for greater success in 2025.

   
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Your Tax Deadlines for December 2024
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  • 06 December - Monthly Pay-As-You-Earn (PAYE) submissions and payments

  • 24 December - Value-Added Tax (VAT) manual submissions and payments 

  • 30 December - Excise Duty payments

  • 31 December – Corporate Income Tax (CIT) Provisional Tax payments

  • 31 December – End of the 3rd fiscal quarter

  • 31 December – Value-Added Tax (VAT) electronic submissions and payments
   

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Thank you for your support in 2024.  

Have a wonderful festive season, and a happy and prosperous 2025.

Enjoy the break!

   

Disclaimer

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 us for professional, detailed and appropriate advice.


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