In South Africa, "inheritance tax" is a term commonly used to refer to estate duty, a tax levied on the property of deceased persons. However, it's important to note that the financial implications don't stop there. Other taxes, such as Capital Gains Tax (CGT), and concepts like death duties, also play critical roles in the financial landscape of inheritance.
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Posted by Gary Walker on Thursday, March 28, 2024 Views: 270
When it comes to safeguarding the well-being of our loved ones and ensuring our legacy endures, estate planning is a crucial step that cannot be avoided. In South Africa, where the fabric of society is woven with strong familial ties and a deep sense of legacy, the importance of estate planning becomes even more pronounced.
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Posted by Gary Walker on Wednesday, March 13, 2024 Views: 263
At its core, cashflow represents the lifeblood of any business. It's the movement of money in and out of your company's wallet. Think of it as tracking every rand that dances through your business, from the payments received for your services or products to the money spent on expenses like rent, salaries, and supplies.
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Posted by Gary Walker on Wednesday, February 21, 2024 Views: 390
By integrating financial and strategic planning, businesses can not only avoid risks but also identify and seize opportunities for growth. This proactive approach to financial planning for businesses ensures they are well-positioned to adapt and thrive, regardless of economic headwinds.
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Posted by Gary Walker on Saturday, February 10, 2024 Views: 138
By providing acquirers with these detailed ratios, you make your business more attractive for acquisition. These ratios offer a comprehensive, data-driven view of your company's operational efficiency and potential for growth.
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Posted by Gary Walker on Thursday, December 28, 2023 Views: 354
Have you ever realized that your most innovative ideas often come when you're in the shower? That's because it's a familiar task, giving your mind a few minutes of free space to wander. Similarly, when employees are provided with specialized systems for routine tasks, they experience this same kind of mental freedom.
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Posted by Gary Walker on Monday, December 18, 2023 Views: 259
As the new year approaches, it's the perfect time to create a fresh financial plan. A well-crafted budget can help you manage your money effectively, reach your financial goals, and reduce stress about finances.
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Posted by Gary Walker on Wednesday, December 13, 2023 Views: 787
Before setting any financial goals, it's important to understand what truly matters to you. Reflect on your personal values and priorities. Your financial goals should align with these core values to ensure they are meaningful and motivating.
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Posted by Gary Walker on Tuesday, December 5, 2023 Views: 318
In the business world, focusing on increasing EBITDA is a strategy with a near-certain return. This is because companies are often valued based on a multiple of their EBITDA, making every additional dollar of profit significantly impactful.
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Posted by Gary Walker on Thursday, November 30, 2023 Views: 348
A robust gross margin is often seen as an indicator of long-term sustainability and attractiveness. Conversely, a declining gross margin might signal price competition, lack of unique value proposition, and vulnerability to competitive threats.
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Posted by Gary Walker on Tuesday, November 21, 2023 Views: 289