Tax & Management

Explore our Tax and Management Guide with expert tips on financial planning, tax strategies, record-keeping, and farm business management.

Make 2014 your year!

Great business managers don’t simply do what comes instinctively. They think deeply about the impact of their behaviour and actions on the people around them – and train themselves accordingly.
Peter O’Halloran - Tax advice

When in doubt – trade!

The money still to be gathered from clients after selling a business should be retained as taxable income.

Money does not motivate

Amazingly, paying someone a ‘little extra’ to build loyalty and motivation may have the opposite effect – so beware.
Peter O’Halloran - Tax advice

Guidelines on searches by SARS

There is a difference between inspections and searches, and privacy is key to that difference.

Will SA be able to feed others?

Our farmers have the ability to provide food for sub-Saharan Africa. But government has to make conditions for farmers more attractive. Retaining our skilled producers is crucial for food security.

As a farmer, you cannot go it alone

If your industry organisation is not delivering value, get to the heart of the problem, and fix the leadership and management. As a farmer, it’s part of your job.

Empowerment projects: successful & sustainable

Transformation through share-equity schemes seems the best way of empowering people.
Peter O’Halloran - Tax advice

Appealing a sequestration

The following case illustrates the limits of the tax authority’s powers in winding up proceedings.

Obeying the law of the land

Regardless of your farming method, take the ‘law of the land’, add some modernity, and you’ll farm forever.

Measure the success of your business

To measure the performance of your business, you need a target. Get yourself one by benchmarking against the best in the business.

Farmers secrets to success

Official statistics aside, there seems to be a wide gulf between farmers who are doing well and those who are not. What are successful farmers doing right?

Business teams must have objectives

Imagine musicians in an orchestra trying to make music without music sheets! But we expect members of a business team to perform without any clear written objectives. It makes no sense.

Sustainable farming

Caring for farm workers, the environment and one’s finances are all key to farming sustainably. In future, however, these factors will be even more crucial.
Peter O’Halloran - Tax advice

Protecting local producers

Recent Appeals Court rulings highlight the problems of ‘dumping’.

The balanced scorecard system

Improve your bottom line by developing clear objectives for managers and employees, and monitoring how these are achieved.
Peter O’Halloran - Tax advice

Income vs capital

Save yourself tax hassles by ensuring that a clear distinction is made between ‘income’ and ‘capital’ in any agreement you sign with other parties.

Improving poor performance

A good management system will improve performance and motivation. But in order to achieve this, focus on the result, and never on the person.
Peter O’Halloran - Tax advice

Post-dated calamity

A recent court case provides guidelines on what to do if a cheque received by SARS is stolen.

Get in a balloon

No great decisions were ever made around a boardroom table. Schedule quiet time to get away and think strategically, or you too could get run over by the traffic.

Good news for livestock farmers

The lower grain prices expected during 2013/2014 will be a boon for livestock producers hard hit by drought and high input costs.
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