Assuming we beat the virus in this lockdown, it is easy to think that things will be normal again in four weeks and that the government stimulus will have fixed the businesses, right? I got nothing to worry about apart from which Netflix series to binge next? Well here’s why that’s not likely. Well, [...]
These are stressful time for all of us and especially if you are a business owner and have staff. One of my clients, a business owner and a Neuropsychologist shares some of his tips on how to manage stress. See below. Hope you find this helpful. Hi, I am a Clinical & Neuropsychologist and [...]
The recently introduced way of paying tax is up and running; the Accounting Income Method (AIM). Its goal is to simplify provisional tax – but is it really? As it turns out, not every business can use AIM and then a whole lot of other business don’t want to. Why is this? As TaxBuddy [...]
It’s almost 31 March and for most businesses this means the end of a tax year. March is your final chance to reduce your tax bill. Here are some tips that might help: Claiming expenses There are some expenses which can be overlooked at end of the year, like home office expenses, expenses paid [...]
Most small businesses have to pay Provisional Tax. Provisional tax is income tax that you pay in advance to help you spread the load and avoid a large end of year tax bill. This sounds like a great concept, and it is in a way, however many businesses – especially small ones- get tangled [...]
Do you have your own business? And are very busy running it? Do you know you should get on top of tax for your business, but it’s one of those topics that you feel resistance to or think it will take up too much time? Here are your ten tax essentials to understand and have [...]
More and more of us are now choosing to work for ourselves and use our home as our office. We are loving the work life balance, the flexibility to spend time with family and young ones and still earning an income. Working from home still incurs costs like using internet for your business emails, using [...]
15 of January - time to pay your provisional tax. You may have been procrastinating, or you may still be waiting for your accountant. You may not even know whether you have to pay or not. Or you may have forgotten about it completely. Whatever the reason.... let's kick off the new year organised and [...]
With 50% of jobs expected to become obsolete within the next 15 years, innovation is a skill that will keep you relevant. In brief Innovative thinking requires an individual approach and can be incorporated every day Innovation sparks from curiosity, creativity, experimentation and stepping out of your comfort zone Discover which skills you need to [...]
Xero CEO Rod Drury recently told a few thousand people at Xerocon that the accounting industry is at an inflection point. As Seth Fineberg, AccountingWeb Editor found out in the videos below, technologists and accountants agree that the biggest challenge to the industry is the vast technological change coming from cloud technology, machine learning, data [...]
