OKAP

21/08/2024

NAVIGATING A BUSINESS START-UP: A South African Guide

Starting a business in South Africa? Don’t let compliance and regulatory requirements overwhelm you. Our latest blog post breaks down everything you need to know, from choosing the right business structure to setting up your accounting and payroll systems.

Whether you're a seasoned entrepreneur or just starting out, this guide is tailored to help SMEs succeed in the South African market. 🌍💼

👉 Read the full guide here: https://okap-sa.com/blog/navigating-a-business-start-up-a-south-african-guide/

Need more personalised advice? Contact us at OKAP, and we’ll help you every step of the way.

07/06/2024

📅 2024 TAX SEASON 📅

SARS has announced the opening of the 2024 filing season. Mark these dates to ensure you avoid penalties and interest charges for late submissions:

• Individual taxpayers (non-provisional): 15 July 2024 to 21 October 2024
• Auto-assessment notices: 1 – 14 July 2024
• Provisional taxpayers: 15 July 2024 to 20 January 2025
• Trusts: 16 September 2024 to 20 January 2025

SARS has announced the dates for tax season 2024, and urged taxpayers to get their finances in order.

27/05/2024

OUTSOURCING FINANCIAL MANAGEMENT: A Strategic Investment In Your SME

Are you a small or medium-sized business owner? Discover how outsourcing financial management can streamline your operations and boost your bottom line. Read our latest blog post to learn more!

In today's dynamic business landscape, small and medium enterprises (SMEs) are constantly navigating a multitude of challenges. From managing day-to-day operations to strategising for growth, entrepreneurs and business owners wear many hats.

27/05/2024

We are often asked about the advantages of using a trust. In this insightful Moneyweb article, Gareth Collier explores five scenarios where a trust can be effectively utilised as an estate planning tool. This is a must-read for anyone considering establishing a trust.

The type of trust that you choose to set up depends primarily on the objectives but also on the type of assets you intend to transfer to the trust.

11/12/2023

🎄 HOLIDAY UPDATE FROM OKAP 🎄

As the year winds down, the OKAP team is taking a break from Dec 14, 2023, returning on Jan 8, 2024. A huge thank you for your fantastic support this year. Wishing you and yours a festive holiday and a prosperous New Year!

Best Regards,
The OKAP Team

06/12/2023

CASH FLOW MANAGMENT: Balancing Act for Sustainable Business

Cash flow management is the heart and soul of any successful business operation.

It is the art of tracking, analysing, and optimising the inflow and outflow of cash within an organisation. While it may seem like a mundane task, it is in fact one of the most critical aspects of running a business efficiently.

In our latest blog post, we will delve into the significance of cash flow management and why it should be a top priority for every business, regardless of its size or industry:
https://okap-sa.com/blog/cash-flow-management-and-its-crucial-importance/

The world of accounting and financial management has seen a significant transformation in recent years, thanks to advancements in technology.

29/11/2023

CHOOSING AN ACCOUNTANT: How to Choose the Perfect Accountant for Your Business

Selecting the perfect accountant for your business is not just about finding someone who can crunch numbers. Your accountant becomes a strategic partner who helps you navigate financial complexities and facilitates informed decision-making.

In our latest blog post, we delve into the key factors to contemplate when you embark on the journey of choosing an accountant for your business:
https://okap-sa.com/blog/choosing-the-right-accountant-essential-factors-for-business-owners/

The world of accounting and financial management has seen a significant transformation in recent years, thanks to advancements in technology.

24/11/2023

EXPLORING THE POTENTIAL VAT INCREASE: A Double-Edged Sword!

Our financial landscape is ever-changing, and staying informed is key. Insights from a tax expert at SAIPA highlight the controversy surrounding a possible VAT increase, posing challenges for businesses and consumers. Yet, there are apparent benefits foreseen for the National Treasury.

Read more about the insights shared by the expert in this article:
https://www.iol.co.za/personal-finance/tax/potential-vat-increase-a-double-edged-sword-says-tax-expert-at-saipa-d605ce31-7746-4837-864f-b5512edd991c

A VAT increase has obvious benefits for the National Treasury, primarily in terms of generating additional revenue.

22/11/2023

CLOUD ACCOUNTING: The Benefits of Cloud-Based Financial Services

The world of accounting and financial management has seen a significant transformation in recent years, thanks to advancements in technology. One of the most groundbreaking changes is the shift towards cloud accounting. Traditional methods of managing financial data on local servers and spreadsheets are slowly becoming obsolete, and for good reasons. In our latest blog post, we explore why cloud accounting is the future of financial management for businesses of all sizes.

Read more: https://okap-sa.com/blog/cloud-accounting-the-future-of-financial-management/

The world of accounting and financial management has seen a significant transformation in recent years, thanks to advancements in technology.

17/11/2023

Some insight into annuity income and tax management.

It is payable. Annuitants can choose to have the tax withheld through the pay-as-you-earn system or make provisional payments and address the final tax liability once a year when filing their annual tax return.