The customer is always right

Posted on Posted in Business Tips, Interesting

Ever heard the phrase “the customer is always right?” That phrase comes from the American founder of the British retail chain Selfridges (coincidentally named Harry Gordon Selfridge). Managing customers or clients can be a challenge for anyone in business, from a freelancer to a manager for a big corporation. I use the word “challenge” because […]

Where does today’s money come from?

Posted on Posted in Business Tips, Interesting

I’m not talking about historical money right now, though that is an interesting tale! For now I am just looking at where today’s money comes from. The money in your pocket. The money owing on your bond.   Okay, you worked for it. Or you borrowed it.   But where did it come from?   […]

What inflation truly means

Posted on Posted in Business Tips, Interesting

Inflation has become a permanent part of modern life. What does this mean to most people? * It means you have to work harder just to stay in one place. (Does that explain how you’ve been feeling?). * It means you can’t just save your money, you must find ways to grow it faster than […]

5 Questions you need to answer when starting a business

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Studies show that the number of people starting businesses is largely insensitive to economic cycles even though the circumstances of why people start businesses tend to change. For example, recent studies of entrepreneurship reveal that the largest demographic starting businesses are in the 55-64 age group, perhaps suggesting older workers would rather control their own […]

Effective negotiating strategies: Phrases to avoid….

Posted on Posted in Business Tips

In fields which we are not experts, we tend to be heavily influenced by perceptions given to us through television. For example, when the television show CSI first made it big, a lot of prosecutors lamented that juries wanted a full DNA report, which can cost tens of thousands of dollars, in order to convict […]

Skills Development Levy

Posted on Posted in Business Tips, Tax Tips

Skills Development Levy (SDL) operates also on similar rules that PAYE and many of the definitions are borrowed from the Income Tax Act. Only employers pay SDL and the rate is 1% of the same employee income on which PAYE is calculated. The payment system is through the same channels as PAYE. Employers paying annual […]

UIF

Posted on Posted in Business Tips, Tax Tips

Unemployment insurance contributions are payable monthly by employers on the basis of a contribution of 1% by employers and 1% by employees, based on employees’ remuneration below a certain amount.