SARS are currently imposing administrative penalties in respect of non-submission of income tax returns to individuals. However, from 7 December 2018, SARS have advised that they will be raising administrative penalties for non-submission of company income tax returns.

In the more relaxed business environment we operate in these days, it is still important to communicate in a professional manner. When sending business emails, you need to make an impression which will lead the receiver to conclude that you are a credible professional.

Many employees look at their bosses as well as the company they are working for and say – “I can do that. And better!” Similarly, many bosses in the SME space look at a key person in their organisation and believe that they need to give that employee some skin in the game in the form of shareholding in order to retain them. Both notions have their place in the right place and circumstances, but both are fraught with danger. Here are some of the things that both owners and potential future owners need to consider before taking the next step.