Newsletter – February 2021

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Monthly Finance Brief  |  CFO360 Accountants
Monthly Finance Brief | CFO360 Accountants

Monthly Recap and Finance Brief is Back!

This year we’re committed to keeping our clients, newsletter subscribers, suppliers, and all South African business owners, and individuals informed on all important and useful information to keep running their business as efficiently as possible. And in general, some non-business/accounting related topics to keep things interesting.

We promise to keep it brief and most importantly useful for the average South African business owner.

Important Dates

Important Dates  |  CFO360 Accountants
Important Dates | CFO360 Accountants

For most South African businesses Feb marks the end of their financial year. For businesses turning a profit, this means submitting your provisional income tax return and making sure to round the year off with the appropriate tax calculations. However, businesses that are not profitable at year-end will have a non-payable amount to submit by the end of Feb 2021.

Individual taxpayers that are also provisional taxpayers have received an extension to submit their income tax return by the 15th of February and ensure payment is made by the 26th of Feb.

There are no public holidays in Feb 2021, but for those who are interested here are some interesting international days of recognition to celebrate.

Furthermore, we can expect the Minister of Finance to address the nation with his budget speech for the 2021 year. Start receiving vaccines for COVID in early Feb (hopefully). And have the world’s first “Social distancing Valentine’s day”.

Articles We Found Interesting

3 Financial Lessons From A Pandemic Year  |  CFO360 Accountants
3 Financial Lessons From A Pandemic Year | CFO360 Accountants

Business finances do not need to be stressful. Business itself produces enough stress of it’s own. As we reflect on the year that was, it is useful laying out the common sources of financial stress that Entrepreneurs face and how to deal with those.

1. Do you know where Your Business stands Right now?

The right foundation is important in achieving your future goals. Many Entrepreneurs are really good at making plans but are often a bit vague on their starting point and the details. All the best plans in the world start somewhere, and being specific on the starting point can make all the difference. READ MORE…

More Articles Below:

Referral Promotion

Refer A Friend  |  CFO360 Accountants
Refer A Friend | CFO360 Accountants

Refer any of your suppliers/customers or friends going forward for us to assist with their accounting/tax services and we can give you up to one month free. Provided they sign up as a monthly client and all T’s and C’s are met. Refer a Friend Today.

Signing Off

Now that Janu-worry is out of the way we can start focussing on setting ourselves up for a bright new financial year.

You can expect this Monthly finance brief in your inbox, yes you guessed it, monthly… And we also promise not to spam you in any form. If at any time you feel you would like to no longer receive these emails, we have an “unsubscribe” button located at the footer of the page.

All the best for a productive and efficient February!

More To Explore

Accounting

What Is Provisional Tax?

Unsure of what provisional tax is and how it affects you? You’re not alone! Many business owners are unsure of this complex and important tax. That’s where CFO360 comes in. We’re here to help you understand provisional tax, so you can make the best decisions for your business. Provisional tax is a critical part of

budget speech 2022 South Africa
Accounting

Budget Speech South Africa 2022 | Highlights & Download

Here are some headlines from the 2022 Budget Speech: Some much needed pragmatism and a balanced budget on the Horison Inflationary Changes to Personal Tax BracketsThe usual inflationary changes have been made to the personal income tax brackets of 4.5%. Find the adjusted brackets below. Reduction in Corporate Income Tax RateIn the previous budget speech

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