Brendmo Chartered Accountants, Author At Brendmo Chartered Accountants

26 Mar 24

Have Your Own Budget Shortfall? Here’s What to Do…

Brendmo Chartered Accountants

“The cold, harsh reality is that we have to balance the budget.” (Michael Bloomberg, former New York City Mayor) Budget shortfalls are not uncommon across the public and private sectors, especially in these economically challenging times. A budget shortfall is a significant concern for any individual or organisation and should…

26 Mar 24

Price Your Products for Profit with these Psychological Strategies

Brendmo Chartered Accountants

“Find the right price for an irresistible offer, which, by the way, isn’t necessarily the lower price.” ― (W. Chan Kim, Business strategy advisor and author) A good businessperson pays attention to the price of their products. With accountants by their side, they wisely analyse every expense, tax and logistical…

26 Mar 24

Freelancer vs Employee: How to Decide

Brendmo Chartered Accountants

“People are not your most important asset. The right people are.” (Jim Collins, author, speaker and consultant) Knowing whether to hire a freelancer or full-time employee for any particular role is vital for the successful running of a modern business. With budgets constantly being constrained and the pressure to perform going…

26 Mar 24

Donating to a PBO? Check SARS’ New Requirements (and PBOs Note Your New 31 May Deadline)

Brendmo Chartered Accountants

“[The new requirements] enable… a more efficient process to make deductions available to qualifying donor taxpayers and to help prevent section 18A claims abuse.” (SARS) Public benefit organisations (PBOs) are engaged in public benefit activities for example religious institutions, day care centres, disaster relief organisations, health clinics, etc. Many are…

26 Mar 24

Your Tax Deadlines for April 2024

Brendmo Chartered Accountants

05 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 April – VAT manual submissions and payments 29 April – Excise Duty payments 30 April – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable. Disclaimer: The information provided herein should not be used or relied on…

27 Feb 24

Budget 2024: How It Affects You and Your Business

Brendmo Chartered Accountants

“Our bigger challenge… is that our pie is not growing fast enough and this limits our ability to generate sufficient revenues to distribute among our priority areas.” (Finance Minister Enoch Godongwana – Budget 2024) Finance Minister Enoch Godongwana’s third Budget Speech in an election year contained few surprises, but also…

27 Feb 24

Budget 2024: Your Tax Tables and Tax Calculator

Brendmo Chartered Accountants

Budget 2024 effectively brought an increase in personal income tax by not adjusting the tables for tax rates, rebates and medical tax credits, while also implementing substantial increases in ‘sin’ taxes and introducing a proposed global tax on multinational companies. This selection of official SARS Tax Tables and other useful…

27 Feb 24

Things to Look for When Buying a Small Business

Brendmo Chartered Accountants

“It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.”- (Warren Buffett, investor, businessman and philanthropist) When buying a small business there are a number of things that need to be checked before pulling the trigger and signing the contract.…

27 Feb 24

The Five Skills Your Business Needs to Cultivate in 2024

Brendmo Chartered Accountants

“The only thing worse than training your employees and having them leave is not training them and having them stay.” – (Henry Ford, Founder, Ford Motor Company) In a world where everything seems more expensive today than it was yesterday training and advancement of staff can seem of lesser importance.…

27 Feb 24

Your Tax Deadlines for March 2024

Brendmo Chartered Accountants

07 March – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 March – VAT manual submissions and payments 27 March – Excise duty payments 28 March – End of the 2023/24 Financial year, Value-Added Tax (VAT) electronic submissions and payments, & CIT Provisional payments where applicable. Disclaimer: The information provided herein should…