by Wayne Smith & Associates | May 27, 2022 | Uncategorized
“The golden rule of all estate planning is: don’t wait.” (Missionwealth.com) Just 20% of South Africans have a valid will (“Last Will and Testament”), resulting in countless heart-breaking stories of grief-stricken surviving spouses and children with no income or...
by Wayne Smith & Associates | May 27, 2022 | Uncategorized
“When written in Chinese, the word ‘crisis’ is composed of two characters. One represents danger and the other represents opportunity.” (John F. Kennedy, 35th U.S. President) When people hear the term “crisis management” they immediately picture a PR team in front of...
by Wayne Smith & Associates | May 27, 2022 | Accounting, Business
“What gets measured, gets managed.” (Peter Drucker) Financial reports, such as a balance sheet, income statement, cash flow statement, debtors reports and actual spend vs budget reports, provide an understanding of where your business stands financially at a certain...
by Wayne Smith & Associates | May 27, 2022 | Tax
7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments24 June – Value-Added Tax (VAT) manual submissions and payments29 June – Excise Duty payments30 June – Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional...
by Wayne Smith & Associates | May 27, 2022 | Tax
“Taxpayer: One who doesn’t have to pass a civil service exam to work for the government” (Anonymous) “Tax Freedom Day” is the first day of the year on which we South Africans (we’re talking about the “average” taxpayer here) have finally earned enough to pay off SARS...