IPMG

What trustees need to do now – the risky new trust landscape

“Growth is never by mere chance; it is the result of forces working together” – (James Cash Penney, Founder of JCPenney)

IN THIS ISSUE:
1) The Risky New Trust Landscape – What Trustees Need to do Now
2) Tips for Pacing Business Growth for Sustainability
3) Why the Four-Day Working Week Just Might Happen
4) Don’t Fall Prey to the Most Common Cybercrimes!
5) Your Tax Deadlines for October 2023


https://www.ipmg.co.za/newsletter/archived-newsletters

Using a risk matrix to risk-proof your business

“Quiet quitting” isn’t laziness...When they don’t feel cared about, people eventually stop caring. If you want them to go the extra mile, start with meaningful work, respect, and fair pay.” – (Adam Grant, organizational psychologist and speaker)

IN THIS ISSUE:
1) Using a “Risk Matrix” to Risk-Proof Your Business
2) Common Tax-Related Criminal Offences, and How to Avoid Them…
3) Corporate Taxpayers: Hello Tougher SARS Verifications
4) Quiet Quitting and How to Prevent It
5) Your Tax Deadlines for September 2023


https://www.ipmg.co.za/newsletter/archived-newsletters

Tax Season 2023 now open – what’s new and what’s not

“The submission of accurate personal income tax returns on time is important for a seamless filing season. Taxpayers must take control of their own tax affairs to ensure they are aware of their obligations and remain compliant.” (SARS Commissioner Edward Kieswetter)

IN THIS ISSUE:
1) Tax Season 2023 Now Open – What’s New and What’s Not
2) The True Cost of an Employee
3) Tips for Getting out of Business Debt
4) SARS Warning: Beware Scam Emails!
5) Your Tax Deadlines for August 2023


https://www.ipmg.co.za/newsletter/archived-newsletters

Ten Often-Overlooked Ways Your Accountant Can Help Your Business

"Eskom plays a critical role in the life of South Africa, and life of South Africans. Due to its important role in the economy, its inability to provide electricity on demand and on time is a crisis." (President Cyril Ramaphosa)

IN THIS ISSUE:
1) Ten Often-Overlooked Ways Your Accountant Can Help Your Business
2) Directors: Prepare and Submit Your Company’s Beneficial Ownership Register
3) How to Prepare for a Possible Electricity Blackout
4) Is Your Information Safe With SARS?
5) Your Tax Deadlines for July 2023


https://www.ipmg.co.za/newsletter/archived-newsletters

How to use AI to improve your small business

“The amount of work we can automate with AI is vastly larger than before. As leaders, it is incumbent on all of us to make sure we are building a world in which every individual has an opportunity to thrive.” (Andrew Ng, Co-founder and lead of Google Brain)

IN THIS ISSUE:
1) How to Use AI to Improve Your Small Business
2) New Trustee Duties: More Admin, Impossible Deadlines and Hefty Penalties
3) When to Say No to an Opportunity (or a “Barnacle”)
4) Can the R&D Tax Incentive Benefit Your Business?
5) Your Tax Deadlines for June 2023

https://www.ipmg.co.za/newsletter/archived-newsletters

Why (and How) to Submit Skills Development Reports by 30 April

“We need to give importance to skill development because this way we can end unemployment.” (Narendra Modi, Prime Minister, India)

IN THIS ISSUE:
1) Why (and How) to Submit Skills Development Reports by 30 April
2) 5 Business Plan Mistakes to Avoid
3) UDZ Tax Incentive Extended: Could Your Business Benefit?
4) Five Essential Bookkeeping Tips for Small Businesses
5) Tips for Generating Customer Trust as a Start-Up
6) Your Tax Deadlines for April 2023
https://www.ipmg.co.za/newsletter/archived-newsletters

Budget 2023: How It Affects You and Your Business

“This is not an austerity budget. It is a budget that makes tough trade-offs in the interests of the country’s short and long-term prosperity.” (Finance Minister Enoch Godongwana – Budget 2023)

IN THIS ISSUE:
1) Budget 2023: How It Affects You and Your Business
2) Budget 2023: Your Tax Tables and Tax Calculator
3) How To Prepare a Reliable Disaster Recovery Plan
4) Five Essential Bookkeeping Tips for Small Businesses
5) Effective 1 March 2023: New Earnings Threshold and National Minimum Wage
6) Your Tax Deadlines for March 2023

https://www.ipmg.co.za/newsletter/archived-newsletters

Ignoring an online review could be catastrophic for your business

“Your most unhappy customers are your greatest source of learning” (Bill Gates)

IN THIS ISSUE:
1) Ignoring an Online Review Could be Catastrophic for Your Business!
2) Maximise Your Business Travel Tax Deduction
3) Loadshedding: Survival Tips for Small Businesses
4) How the New Assessed Loss Tax Limitation Works
5) Budget 2023: The Minister of Finance Wants to Hear from You!
6) Your Tax Deadlines for February 2023

https://www.ipmg.co.za/newsletter/archived-newsletters

Start 2023 Strong with the “Fresh Start Effect”

“We change our tools and then our tools change us.” (Jeff Bezos)

IN THIS ISSUE:
1) Start 2023 Strong with the “Fresh Start Effect”
2) The Financial Steps You Need to Take Before You Open Your New Business
3) The Importance of Maintaining Your Tax Compliance Status in 2023
4) How to Know if You Need an Office for Your Business (and How to Make the Most of a Lease if You Do)
5) Your Tax Deadlines for January 2023
https://www.ipmg.co.za/newsletter/archived-newsletters

Why annual price increases are crucial, and how to implement them

“Pricing power is important in business. You want your business to have the ability to raise prices as needed, especially with regard to inflation.” (Hendrith Vanlon Smith Jr)

IN THIS ISSUE:
1) The Why and the How of Annual Price Increases
2) Simple Communication Tips to Boost Your Profitability
3) What is the Metaverse and How Will It Impact Your Business?
4) Your Tax Deadlines for December 2022
https://www.ipmg.co.za/newsletter/archived-newsletters

Selling Your Business – Plan Well, with a Tax Benefit When You Retire

“A diligent buyer will want up to five years’ worth of profit and loss statements, bank statements, tax returns, leases, supplier and vendor contracts, and customer data.” (Barbara Findlay Schenck – Author “Selling Your Business for Dummies”)

IN THIS ISSUE:
1) Selling Your Business – Plan Well, with a Tax Benefit When You Retire
2) Business Loan or a Credit Facility - Which Is Right for Your Business?
3) SARS Can Take Money from Your Account! Here's How to Prevent It…
4) Don’t Let Fraud Infect and Damage Your Company
5) Your Tax Deadlines for November 2022
https://www.ipmg.co.za/newsletter/archived-newsletters

Is Your Pricing Model Killing Your Business?

“The moment you make a mistake in pricing, you're eating into your reputation or your profits.”
(Katharine Paine, founder and CEO of KDPaine & Partners)

IN THIS ISSUE:
1) Is Your Pricing Model Killing Your Business?
2) 9 Key Metrics Every Business Should Track
3) Are You Claiming Your Full Tax Relief for Disability-Related Medical Expenses?
4) How The Gig Economy Is Changing Traditional Businesses
5) Your Tax Deadlines for October 2022

https://www.ipmg.co.za/newsletter/archived-newsletters

Recession on the horizon: Here’s how to survive

“During a recession, greed dies, frugality survives.” (Amit Kalantri, Wealth of Words)

IN THIS ISSUE:
1) Recession on the Horizon: Here’s How to Survive
2) Are You Ready for a COIDA Employer Site Visit and Audit?
3) Loadshedding: Tax Incentives for Energy Efficiency and Alternative Power
4) How To Avoid Bad Customers
5) Your Tax Deadlines for September 2022

https://www.ipmg.co.za/newsletter/archived-newsletters

Top ten tips for maintaining a strong cash flow

“Never take your eyes off the cash flow because it’s the lifeblood of business.” (Sir Richard Branson)

IN THIS ISSUE:
1) Top Ten Tips for Maintaining a Strong Cash Flow
2) The Importance of a Good Credit Score
3) Choosing Accounting Software for Your Small Business
4) Is Your Trust Registered and Ready for Income Tax?
5) Your Tax Deadlines for August 2022

Tax Season 2022: Beware, the deadlines are shorter!
"Few of us ever test our powers of deduction, except when filling out an income tax form." (Laurence J. Peter)
IN THIS ISSUE:
1) Tax Season 2022 Now Open: Beware, This Year’s Deadlines are Shorter!
2) Keep Your Business Simple!
3) Owe SARS a Tax Debt? Here Are Your Options…
4) Learning The Essential Art of Delegation
5) Your Tax Deadlines for July 2022
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Estate Planning: Act Now to Protect Your Family and Business After You Are Gone

“What gets measured, gets managed.” (Peter Drucker)

IN THIS ISSUE:
1) Estate Planning: Act Now to Protect Your Family and Business After You Are Gone
2) How to Prepare for and Manage a Business Crisis
3) Five Financial Reports for Informed Decision-Making
4) Tax Freedom Day 2022: The Day We Stopped Working for Government
5) Your Tax Deadlines for June 2022

https://www.ipmg.co.za/newsletter/archived-newsletters
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The simple solution to hassle-free EMP501 Final Recons

“The employer in collaborating with SARS plays a critical coalition towards adherence and compliance of tax principles and laws.” (SARS External Guide – A Guide to The Employer Reconciliation Process)

IN THIS ISSUE:
1) The Simple Solution to Hassle-Free EMP501 Final Recons
2) The 7 Signs It's Time to Move Your Business Out of The Garage
3) Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?
4) Your Tax Deadlines for May 2022

https://www.ipmg.co.za/newsletter/archived-newsletters
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What the new Employment Tax Incentive limits mean for your business

“Since the unemployment rate in the Republic is of concern to Government; and since Government recognises the need to share the costs of expanding job opportunities with the private sector…” (Preamble to the Employment Tax Incentive Act 26 of 2013 [ETI Act])

IN THIS ISSUE:
1) What The New Employment Tax Incentive Limits Mean for Your Business
2) When, Why and Whose Jobs You Should Be Outsourcing
3) Planning to Cease Being a South African Tax Resident? What You Should Know Before Approaching SARS
4) A Guide to Accessing Funds That Can Help Your Small Business
5) Your Tax Deadlines for April 2022
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Budget 2022: Your Share of Billions in Tax Relief and Business Support

“Now is not the time to increase taxes and put the recovery at risk! Accordingly, we have decided to keep money in the pockets of South Africans.” (Finance Minister Enoch Godongwana)

IN THIS ISSUE:
1) Budget 2022: Your Share of Billions in Tax Relief and Business Support
2) Budget 2022: Your Tax Tables and Tax Calculator
3) SARS Makes SMME Tax Compliance Easier
4) Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners
5) Your Tax Deadlines for March 2022
https://www.ipmg.co.za/newsletter/archived-newsletters
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Financial Year End Reporting: Challenges to Manage, Opportunities for Benefit

“Any remedy is going to depend on having financial statements that are reliable” (Tom Foley)

IN THIS ISSUE:
1) Financial Year End Reporting: Challenges to Manage, Opportunities for Benefit
2) Six Tips for Creating a Distraction-Free Home Office
3) Small Businesses That Survived 2021 – How They Made It
4) Seven Crucial Tax and Other Issues to Address When an Employee Dies
5) Budget 2022: The Minister of Finance Wants to Hear from You!
6) Your Tax Deadlines for February 2022
https://www.ipmg.co.za/newsletter/archived-newsletters
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Interest rate hikes and how to buffer your business

“… the OTO commits to continue doing everything possible to ensure that taxpayers are not forced to pay a cent more than what is required.” (Judge Bernard Makgabo Ngoepe, the Tax Ombud)

IN THIS ISSUE:
1) Interest Rate Hikes: How to Buffer Your Business in 2022 and Beyond
2) Five Tips for Improving Your Workforce Management
3) The Top 10 Complaints Against SARS: What You Can Do to Protect Your Rights
4) SMEs – Why You Should Consider Employee Benefit Packages
5) Your Tax Deadlines for January 2022
https://www.ipmg.co.za/newsletter/archived-newsletters
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'Tis the Season for giving but beware the Taxman!

"Think of giving not as a duty but as a privilege." (John D. Rockefeller Jr.)

IN THIS ISSUE:
1) 'Tis the Season for Giving but Beware the Taxman!
2) The Hybrid Workforce Debate: What SMEs Need to Know
3) What To Do When Preparing to Sell Your Business
4) Festive Season Cybercrime Alert: Tips from SARS
5) Your Tax Deadlines for December 2021

https://www.ipmg.co.za/newsletter/archived-newsletters
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What auto-assessed taxpayers must know as the November deadline looms

“The hardest thing in the world to understand is the income tax” (Albert Einstein)

IN THIS ISSUE:
1) What Auto-Assessed Taxpayers Must Know as the November Deadline Looms
2) How To Get an R1.8m CGT Exclusion When Selling Your Small Business
3) Boost Your Business Plan – Build an Effective Website with These 6 Tips
4) Cloud Computing Offers Small Businesses New Age Solutions for Less
5) Your Tax Deadlines for November 2021
https://www.ipmg.co.za/newsletter/archived-newsletters
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Letter of demand from SARS? Handle with care!

“A senior SARS official may authorise the issue of a notice to a person who holds or owes or will hold or owe any money, including a pension, salary, wage or other remuneration, for or to a taxpayer, requiring the person to pay the money to SARS in satisfaction of the taxpayer’s outstanding tax debt” (Tax Administration Act)

IN THIS ISSUE:
1) Letter of Demand from SARS? Handle With Care!
2) Small Businesses: Reap the Benefits of Cashless Transactions
3) How to Build Your Business with Freelancers
4) Crypto Assets and Tax – From the Horse’s Mouth
5) Your Tax Deadlines for October 2021
https://www.ipmg.co.za/newsletter/archived-newsletters
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Emergency Tax Relief

“SARS will implement these tax relief measures because compliant taxpayers have paid their fair share of tax, making it possible for government to provide such a temporary safety net in a time of extreme difficulty” (SARS)

IN THIS ISSUE:
1) Emergency Tax Relief: Is Your Business Eligible and What Should You Consider?
2) Business Combinations: A Path to Exponential Growth and Profitability?
3) The Top 5 Leadership Skills Every Entrepreneur Needs
4) SMEs and Microinsurance: Benefits and Risks
5) Your Tax Deadlines for September 2021

https://www.ipmg.co.za/newsletter/archived-newsletters
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Home Office Expenses: To Claim or Not to Claim?

“We would simply ask taxpayers to consider carefully the longer-term implication of defining an area in their primary residence as a home office for tax purposes” (Edward Kieswetter - SARS Commissioner)

IN THIS ISSUE:
1) Home Office Expenses: To Claim or Not to Claim?
2) 6 Tips on Surviving the Failure of a Big Client
3) Alternative Funding for Your Small Business
4) Audit Your Employee Taxes, Before SARS Does
5) Your Tax Deadlines for August 2021

https://www.ipmg.co.za/newsletter/archived-newsletters
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How 67 Minutes on Mandela Day Can Change Our World and Benefit Your Business

“What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead” (Nelson Mandela)

IN THIS ISSUE:
1) How 67 Minutes on Mandela Day Can Change Our World and Benefit Your Business
2) Tax Filing Season 2021 Opened 1 July: Start Preparing!
3) 4 Ways to Measure Your Company’s Performance, Beyond Profit
4) What You Should Know About Airbnb and Tax
5) Your Tax Deadlines for July 2021

https://www.ipmg.co.za/newsletter/archived-newsletters
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Got cryptocurrency? Here’s how much SARS wants...

The future of money is digital currency” (Bill Gates, Co-founder of Microsoft)

IN THIS ISSUE:
1. Got Cryptocurrency? Here’s How Much SARS Wants…
2. Youth Day: Why Our Young People Are So Important to Your Business
3. How SMMEs Can Benefit Financially from the Fourth Industrial Revolution
4. 8 Tips for Marketing Your Business on Instagram
5. Your Tax Deadlines for June 2021

https://www.ipmg.co.za/newsletter/archived-newsletters
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Uncertain, Costly Power Supply: How to Mitigate Your Risk

“The more that energy costs, the less economic activity there can be” (Robert Zubrin)

IN THIS ISSUE:
1. Uncertain, Costly Power Supply: How to Mitigate Your Risk
2. A Basic Guide to PAYE and Four Common Mistakes
3. POPIA and Your Business: A Practical 5-Step Action Plan to Implement Now
4. Where does Fairness Belong in Your Business and Why Should You Care?
5. Your Tax Deadlines for May 2021

https://www.ipmg.co.za/newsletter/archived-newsletters
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Selected for SARS verification or audit?

“Is there a phrase in the English language more fraught with menace than a tax audit?” (Erica Jong, American novelist)

IN THIS ISSUE:
1. Selected for SARS Verification or Audit? Here’s What to Expect… and What to Do
2. Raising Small Business Finance in 2021: 5 Common Mistakes with a High Impact
3. Leadership, Ethics and Governance: The Benefits for Your Business
4. SMME Owners: Your Training and Education Will Boost Your Business
5. Employers: Compensation Fund Return of Earnings Deadline Extended

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