T Roos | Dynamic Tax and Accounting Firm

Business continuity planning: Are you prepared for the next crisis?

While the possibility of a global pandemic was always at the back of our minds, its emergence still managed to catch us off-guard and wreaked havoc on every aspect of our lives, particularly the world of work. Therefore, it’s safe to say that Covid-19 has been a wake-up call for organisations to rethink their priorities […]

Is your business ready to face a bad month, or two, or three?

Are you sitting down? Let us share a frightening statistic with you. In a report published by FinFind in November 2020, it was found that 42.7% of small businesses in South Africa were forced to shut down during the first 5 full months of the lockdown. The research data was comprised in a survey of 1489 businesses across all main sectors of the economy, and so must […]

5 Tips to digitally expand your business’s professional network

The importance of networking – especially during COVID-19 – should not be overlooked. While many business owners have been struggling to stay afloat in the economic downturn that has resulted from the events of 2020, they may have been neglecting one of their key resources in maintaining their success. Good networking skills are one of the most […]

Why you need new business policies before July 2021

Since the POPI Act came into effect on the 1st of July 2020, many businesses have had to rethink the way that they use and store information of individuals. In some ways, it may place a burden on some small business who have been using the same tactics for years to engage with clients and potential clients. […]

Will SARS suspend my obligation to pay when I dispute an assessment?

With the 2020 tax filing season in full swing, many taxpayers are likely to engage in dispute proceedings as their income tax assessments are issued by SARS. This will particularly be the case where errors are contained on the so-called “auto-assessments” (which in itself is a misnomer). But what happens to the disputed tax amount until the process is finalised? Pay now, argue later The basic […]

Setting your business up for expansion

When businesses expand, they often look beyond national borders. With such an expansion, there are several added advantages for establishing a holding company, which then owns the various group operating companies in different jurisdictions. Various aspects contribute to considering an ideal holding company location, and a brief discussion is outlined below. Political stability Political instability […]

BUYING OUT SHAREHOLDERS

We are often approached by clients to advise on the most tax efficient manner in which a shareholder can sell an investment in a private company. Typically, the parties involve a majority shareholder of a company that is interested in buying out the minority shareholders in the company and which will ensure that that majority […]

Financial ratios: What do they mean? (Part 3)

Ratio analysis can be used when financial information needs to be simplified to make it possible to interpret and compare the information. Banks often do ratio analysis when they need to decide whether to lend money to a client or not. If a business wants to open an account with a supplier, the suppliers often […]

Business life after death

Imagine your business if you or a key executive were to die unexpectedly. No-one wants to talk about death, and it’s the last thing most entrepreneurs think about when they start a business. It is, however, something that deserves a thought. Plan for the possibility now, and you will save your colleagues a lot of […]

Banking on business growth

Is your banker working hard enough to make a difference in your long-term business success? Partnerships can make or break a business, so select the bank for your partnership with business growth in mind. It will be rewarding to build a strong relationship with your banker – it will save you money on interest rates […]

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