Do you absolutely love coffee and drink a few cups a day? Do you enjoy meeting friends for coffee? Do you do business at coffee shops? Do you buy a take-away coffee when you exit the mall or stop at the garage to refill your vehicle? Do you like sipping on a coffee while being […]
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We all envisage what life will be after retirement: sleeping late every morning, no more being stuck in traffic, going shopping during the day, play golf in the afternoon, go for a brisk walk before sunset, go on holiday whenever you want, travel the world, eating out, going to the theatre, pursue those hobbies you […]
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Types of funding for businesses Lack of funding is one of the reasons many businesses fail. Lack of funding also discourages many potential entrepreneurs from starting a business. These are some sources to acquire funding for your business. Personal Savings Loans from family, friends or close associates Bank loans or credit cards Loans from government […]
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I am by nature more of a conservative investor and being a Chartered Accountant emphasises my reluctance for taking huge risks. I had to teach myself to become an aggressive investor and to take on more risk. During my investment journey I quickly learned that financial knowledge is powerful. The more knowledge you have the […]
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With 51% of adults in South Africa being credit-active and 29% over-indebted, credit plays a big role in most South African households. Therefore we are mastering 4 basic credit terms this month: Prime Lending Rate The prime lending rate is the rate that banks use to lend money to clients. Currently the prime lending rate is […]
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Are you stressed about your debt? Are you using all your income to repay debt? Is your debt withholding you from saving and investing money? Does it feel impossible to get rid of your debt? Does it feel like your debt is locking you up in jail and you cannot escape from it? 51% of […]
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You want to avoid debt as far as possible. Unfortunately it is not always possible. There are a few important things to consider when applying for debt. Debt instalments shouldn’t exceed a maximum of 20% of your net salary that you take home after deductions for tax and retirement contributions. Do proper calculations to determine […]
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Types of Business Taxes Income Tax for individuals and companies; Capital Gains Tax (CGT), SITE, Provisional Tax, Value-Added-Tax (VAT). When employing employees, Employees’ tax is applicable – Pay as You Earn (PAYE), Skills Development Levy (SDL) and Unemployment Insurance Fund (UIF). Turnover Tax applies to smaller businesses. Due Dates for Tax Companies / businesses are […]
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