Sync Accounting & Business Services

23/03/2023

Your dormant company: a tax penalty landmine

Hobbs Sinclair tax specialist and CEO Neill Hobbs explains how to avoid an unpleasant run-in with Sars.

21/02/2023

Labour and employment minister Thulas Nxesi has announced a new annual earnings threshold under the Basic Conditions of Employment Act (BCEA), which will have implications for South African employees.

In a gazette published on Monday (20 February), Nxesi announced that the new earnings threshold will be R241,110.59 per annum (approximately R20,100 per month) from 1 March 2023.

Previously, the earnings threshold was R224,080.48 per year (approximately R18,673 per month).

The Department of Rmployment and Labour has adjusted the minimum earnings threshold for South Africa.

27/07/2022

Let’s take a look at five growth strategies for small businesses.

Have you ever wondered how to grow your business? Do you long to be listed as a Fortune 500 company? Then implementing one of these growth strategies will

15/07/2022

The information and communications technology sector (ICT) is seeing rapid growth in job opportunities, and more South Africans are needed, says Margaret Pekelaar, head of people at the DevOps practice at Altron.

“The pool of professionals in this area is severely limited, and many big employers in tech are struggling to fill the IT skills gap.” Meanwhile, youth unemployment remains chronic at 65.5%, showing a deep skills mismatch between young people and company needs, said Pekelaar.

Other sectors where demand is rising include artificial intelligence, cyber security, programming, cryptocurrency, blockchain, augmented reality, and virtual reality, said Pekelaar.

As businesses continue to move toward a heavy reliance on technology, the need for skilled South Africans grows.

22/06/2022

Ten hustle marketing strategies for small business owners going it alone

Article provided by Adbot on behalf of Google Being a small business owner is tough! We know it. You know it. You’ve got to be everything to everyone at

28/04/2022

If a company earns R3 000 in net profit from a product that is sold at a full price of R10 000, a 10% discount on that product’s selling price would mean that 50% more units need to be sold to earn the same amount of profit than if the units were sold at full price.

This means that for a 10% discount, someone in the company has to work 50% harder to earn the company the same amount of money, which can be demotivating for sales staff and business owners.

Article written by Harry Welby-Cooke (ActionCOACH - Country Partner) Some salespeople have a tendency to think that giving a discount is the easiest, and

19/01/2022

Business owners need to be aware of the trends and innovations that are driving business in a new world. Here are three key trends of ‘what works’ that will help SMEs significantly in 2022 – to accelerate growth and boost profits.

Article by Mike Anderson (NSBC Founder & CEO) We see a positive road ahead for SMEs in 2022. SMEs must embrace the best in technology to help

07/12/2021

“Your unique selling proposition (USP) is the heart of your brand identity, informing every aspect of your overall marketing strategy. Harness the power of your USP, and make sure you stand out,”

We help business owners free themselves from financial/accounting and tax stress; instead of wasting time on these, they can focus on their core business and making money. We provide exceptional & professional services to keep you compliant and our forward-thinking approach ensures that your business is pro-actively managed for increased profitability.

Article provided by Lulalend Employing over half the workforce, driving significant growth in the private sector, and representing some 98% of all

07/12/2021

According to Mckinsey, about 80 per cent of buyers prefer virtual selling because it is easier to schedule and the travel costs are lowered. With these statistics in mind, what are the trends for virtual selling? Read the article below. (5min read)

2020 boosted the adoption of online selling. Many salespeople hope to go back to face-to-face meetings but according to Mckinsey, about 80 per cent of

30/11/2021

For larger businesses, the foray into e-commerce is much easier than it is for SMMEs. Either larger businesses have more money to invest, or they already have the existing infrastructure or digital capabilities they can piggyback off of to build or expand their e-commerce offering.

But, digital technologies can help to level the playing field for SMMEs. By leveraging innovation-enabling technology, the more agile and speedy SMME can become a force to be reckoned with.

Here’s some guidance on the key steps SMMEs can take to achieve this.

Article written by Thembani Biyam (Bizcommunity) A few years ago, the majority of South Africans had never made a single purchase online. Today, the local

30/11/2021

“We saw a 178% increase in QR code payments, and a 55% growth in mobile usage for online shopping over 2021. This indicates that the habits picked up by consumers during hard lockdown are here to stay,” says Colleen Harrison, Head of Marketing at PayFast"

Article provided by PayFast South Africa’s retail sector has entered the age of e-commerce, with total online retail sales expected to reach R42-billion

13/11/2021

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