Get the Support Your Business Needs with Expert Capital Consulting Starting a new business venture can be a tricky and stressful time. It always pays to seek the advice and assistance of accounting experts who can provide you with all the advice you will need to implement your business plan. These experts are also able to help you with capital consulting. This is an invaluable service to new business owners, as capital consulting is the service of helping you to make the best use of your start-up funds. As every entrepreneur and small business owner knows, there is no guarantee of success when starting up a new business venture. You need the structure and backbone of a solid business plan, marketing plan and operations. What’s more, you need enough capital to get your business off the ground. Every cent needs to be turned around three times to get the most value out...
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We do have the solution to obtain the 26% black ownership for BEE purposes.On 10 October 2014 the DTI issued the draft Amended BBBEE Codes of Good Practice (Amended Codes) in relation to Qualifying Small Enterprises (QSE’s) for public comment. The Amended Codes are not yet in force, but we foresee only minor changes to be made to the final publication. Any QSE certificate issued after 30 April 2015 must be issued in terms of the Amended Codes. If one analyses the effect of the Amended Codes on QSE companies it is safe to say that QSE’s and especially small QSE’s will be hard hit by the new BEE provisions. We herewith analyse the severity of the blow and provide some first aid advice for recovery. When we refer to QSE companies to be hard hit, we are specifically referring to those companies that have an annual turnover of between R10...
Finance Minister Nhlanhla Nene’s first national budget is conservative and shows government’s intent to tighten its belt. The budget deficit of 3,9% is lower than expected, although the total state debt will rise to 42,5% of Gross Domestic Product (GDP). Rich South Africans will pay more tax, but not excessively more. The only real surprise in the budget is the 80,5c per liter rise of the fuel levy, especially the 50c per liter levy of the Road Accident Fund. Tax proposals Income tax:
- Increase marginal personal income tax rates by one percentage point for all taxpayers earning more than R181 900 per annum.
- Taxpayer with an income of R200 000 per annum will pay R21 per month more. (Younger than 65)
- Taxpayer with an income of R500 000 per annum will pay R271 per month more. (younger than 65)
- Taxpayer with an income of R1,105,000 per annum will pay R1105 per month more. (younger than 65)
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