Brendmo Chartered Accountants, Author At Brendmo Chartered Accountants

28 May 24

Use This SARS Incentive to Bring Young People into Your Business

Brendmo Chartered Accountants

“The employment tax incentive is aimed at encouraging employers to hire young and less experienced work seekers.” (SARS Employers ETI Guide) With Youth Day celebrations around the corner, business owners have an opportunity not only to consider unlocking the benefits of having young workers in their teams, but also to…

28 May 24

How to Implement Effective Leadership Development in your Business

Brendmo Chartered Accountants

“Leadership and learning are indispensable to each other.” (John F. Kennedy) The world of work is changing, rapidly. With more teams made up of diverse people from a wide variety of locations, leadership these days has become less about personal relationships and more about managing across distance and effective organisation.…

28 May 24

Quick Tips for Preventing Time Fraud

Brendmo Chartered Accountants

“Fraud and deceit are anxious for your money. Be informed and prudent” (John Andreas Widtsoe, scientist, author and religious leader) While accountants have become adept at spotting and preventing financial fraud simply by analysing a company’s books, there is another kind of fraud that needs alert leadership, record keeping and…

28 May 24

Employers: Your COIDA Return of Earnings Deadline is 30 June 2024

Brendmo Chartered Accountants

“The Compensation Fund is mandated to provide social security to the injured-on-duty employees and those who contracted diseases at the workplace.” (Compensation Fund Annual Report 2021/2022) By law, all employers are compelled to register for COIDA (Compensation for Occupational Injuries and Diseases Act No. 130 of 1993) within 7 days…

28 May 24

Your Tax Deadlines for June 2024

Brendmo Chartered Accountants

07 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 June – Value-Added Tax (VAT) manual submissions and payments 27 June – Excise Duty payments 28 June – Corporate Income Tax (CIT) Provisional Tax payments 28 June – End of the 1st fiscal quarter 28 June – Value-Added Tax (VAT)…

26 Apr 24

Your Employer Annual Declaration is Due by 31 May

Brendmo Chartered Accountants

“Failure by an employer to comply with its obligations does not only harm that employer and the fiscus, but also employees. SARS vigorously pursues employers that fail to comply.” (SARS) Employers must submit their annual reconciliation declarations (EMP501) with accurate and up-to-date payroll information about their employees by 31 May this…

26 Apr 24

How and When to Save a Struggling Start-Up

Brendmo Chartered Accountants

“Failure is simply the opportunity to begin again, this time more intelligently.”- (Henry Ford, founder of Ford Motor Company) Data from StatsSA has shown that more than 1,500 businesses closed their doors for good in South Africa last year. This can come as no surprise to anyone who conducts business in…

26 Apr 24

Beneficial Ownership Registers – Now Mandatory with CIPC Annual Returns

Brendmo Chartered Accountants

“It is imperative that ALL companies and close corporations ensure compliance with the beneficial ownership filing requirements, to ensure good corporate governance and business continuity.” (CIPC) Following changes to the Companies Act on 24 May 2023, company directors and members of close corporations are obliged to lodge and maintain a detailed…

26 Apr 24

Five Things You Need to do After the CIPC Hack

Brendmo Chartered Accountants

“The Internet is a worldwide platform for sharing information. It is a community of common interests. No country is immune to such global challenges as cybercrime, hacking, and invasion of privacy” – (Lu Wei, the head of the General Office of the Central Leading Group for Internet Security and Informatization…

26 Apr 24

Your Tax Deadlines for May 2024

Brendmo Chartered Accountants

07 May – PAYE submissions and payments 24 May– Value-Added Tax (VAT) manual submissions and payments 30 May – Excise duty payments 31 May – VAT electronic submissions and payments, & Corporate Income Tax (CIT) Provisional Tax payments where applicable. Disclaimer: The information provided herein should not be used or relied…