Newsletter | August 2014 Download print version
Index
Employee engagement and staff turnover
Not all customers are equal
Safely disposing of old computers
Remember your clients – or they will forget about you
TAX NEWS
The reality of tax audits by SARS

Deadlines looming

Tax Season submissions for all taxpayers opened
- 1 July 2014 -

Submission and payment of provisional tax
- 29 August 2014 -
(first period for the
2015 tax year)

Attorneys Trust accounts with Law Society
- 29 August 2014 -

Employer interim reconciliation starts
– 1 September 2014 -

End of tax season for individuals (manual submissions)
– 26 September 2014 -

 
 

Chartered Accountants SA

1st Floor
Randpark Building
20 Dover Street
Randburg

PO Box 2444
Randburg
2125

Tel: +27 (0) 11 789-1011
Fax: +27 (0) 11 789-1012
Mail: info@wallrich.co.za
Web: www.wallrich.co.za

 

Payroll Service



 



Dear Reader,

Welcome to our August newsletter. The 2014 Tax Season opened on
1 July. Please contact us if you need assistance submitting your return.

We hope you enjoy reading this newsletter as much as we enjoyed preparing it for you.

Please do not hesitate to contact us if you require further information on any of the topics covered. We welcome your feedback.

Regards,

Rhoderic and Chrisna Roberts
Partners

Employee engagement and staff turnover

We all know that the best employees are engaged and highly motivated. However, most businesses do not consider the relationship between employee engagement and employee turnover. Do those with the highest levels of engagement have the lowest turnover, and vice versa? Research shows that companies with highly engaged employees experience significantly higher employee retention rates. Additionally, overall effectiveness and profitability improve dramatically with highly engaged employees. Reducing staff turnover will reduce training and recruitment costs for any business.

Read More

Not all customers are equal
 

Business owners are familiar with the idea that 80% of company revenue comes from 20% of the company’s client base. As in any business, your top customers are the ones who buy the most from you. Yes, all customers are important, but not all customers are equal.

In order to truly focus your business on its most valuable customers, you have to segment your customer list and separate your best customers from the rest. The secret to building a successful business is to get customers to frequently purchase from you.

Read More

Safely disposing of old computers

Disposing of computers safely is extremely important, as it is easy to accidentally give away sensitive information to thieves and fraudsters.

If you, for example, put an un-shredded bank statement into the bin, you run the risk of handing over your name, bank details and address in one package. It does not take a vast amount of effort for a criminal to convert your rubbish into a fake bank account or loan. Imagine how much information you can pass on if you throw away a computer. You will give away everything a fraudster needs to access your business finances. The first most important step is to clean the hard drive, thereby disposing of all your data.

Read More

Remember your clients – or they will forget about you

Just because you are good at what you do, does not mean you will get referrals for new business. Many business owners know that the best source of referrals is from satisfied clients. They go about doing great work and making their customers happy and then wait for the referrals to come in.

Read More

TAX NEWS

The reality of tax audits by SARS

Taxpayers, even those without complex transactions, have to deal with requests for information and possibly audits from SARS at some point in time. The basis for audit findings, and consequent raising of assessments by SARS, was the subject of a recent case heard by the Supreme Court of Appeal of SARS vs Pretoria East Motors (Pty) Ltd on 12 June 2014 (Pretoria East Motors case).

In light of the aforementioned case, this article briefly considers what to expect, demand and accept as part of such a request for information or audit in terms of the Tax Administration Act (TAA).

Read More

Download print version