The Eastern Cape & Garden Route Business to Business Publication

When borrowing is good for business

by Michelle Hardy-Berrington
In a post-recession world, the term “credit” has become a four-letter word for many individuals and businesses. Yet the reality is that credit is the lifeblood of business and economies as without it, industries cannot grow.
A business loan is credit given to an incorporated business by a bank, credit union or other financial [...]

Key Mistakes made in Financial Planning

by Alec Riddle CFP® B.A.
Most people are too optimistic, as regards their future and believe that somehow and in some manner that their retirement will be catered for.
The statistics show that less than 10% will be able to retire and maintain a lifestyle close to the one they are currently enjoying. So what will the [...]

Partnerships

- company on the lonely road of entrepreneurship
by Michelle Hardy-Berrington
Small business owners often find the entrepreneurship road very lonely – and steep. Greater rewards may result from forming a business partnership, offering more freedom for owners with shared business tasks and the potential to earn greater profits. But – like a marriage – a business [...]

What is Estate Duty TAX & how does it affect me?

by Alec Riddle CFP® B.A.
The Estate Duty Act has been amended to allow couples to make easier use of their combined estate duty exemptions on death but this could have implications for any estate plans you have made and you may need to revisit your will.
Estate duty tax is the tax charged in terms of [...]

Taxing times

It’s approaching year end for many Business Link readers, and as a service, we have put together this short check-list.

Assessed losses: If your business expenses exceed the income for the tax year then you’ll end up with an assessed loss for tax purposes. SARS allows you to use the assessed loss against future taxable income. [...]