May, 2016
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Walking the compliance tightrope in Africa

Posted by on May 31, 2016 in Blog, Human Resources | 0 comments

Irrespective of the industry or sector a business operates in, there is no getting away from compliance with employment legislation. It is a juggling act for decision makers, having to apply the right resources at the right time to ensure that all bases are covered and all boxes ticked. Compliance becomes even more pressing when businesses decide to expand, particularly to emerging markets like Africa. From a South African point of view, authorities have tightened the rope on penalties for those who default on compliance. The reality is that non-compliance can literally break a business. One example is employment equity. Non-compliance will incur a 10% penalty of annual turn-over. There are so many factors that influence the situation and there are many considerations. In addition to the rights and responsibilities of both the employer and employee, there are a host of legalities and documentation involved in ensuring everyone can work legally. Other challenges that impact on employment legislation compliance include misperception of the law, misunderstanding or lack of knowledge about developments and their implications. CRS Technologies is the vanguard of HR and HCM technology solutions, integration and application. We are aware of what compliance with employment legislation entails, and we understand why issues like the Employment Equity Amendment Act makes such a difference. Businesses will be audited to ensure compliance and this is where external experts make all the difference. Internal audits or audits by external service providers, like CRS, will assist in ensuring that the company complies and is ready for any surprises....

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The ins and outs of turnover tax regime

Posted by on May 20, 2016 in Blog, Tax laws legislation | 0 comments

In a country in which unemployment has now risen by over 2% and business development is central to job creation and economic growth, a change in tax regime is of critical importance. That is why we are paying attention to the turnover tax regime and why startups now face an even greater challenge. The conventional turnover tax regime was designed with the empowerment of young business, exempting them from paying tax and absorb financial difficulty and loss of profit until growth is attained. We have to be aware of the current state of affairs. Today there is criticism levelled against turnover tax changes and the fact that startups are now paying tax. As Moneyweb reports, the change in the system means qualifying businesses (those with a turnover of R1 million or less) must deal with a single tax to replace normal (income and corporate) tax, capital gains tax and dividends tax. The criticism is about how the new regime impacts on tax payment, income and cash flow of micro-businesses. Commentators have also said that the rules governing micro business tax and compliance is complicated, which does not help. Our job is to make sure that entrepreneurs and business owners who are trying to build their ventures are empowered with knowledge and practical advice. We have the expertise and understanding of the entire turnover tax regime to help our clients. It is only through knowledge, careful consideration and practical understanding that business owners can make real progress in terms of tax compliance. Click here to contact us for more info how we can...

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The balancing act in marketing technology

Posted by on May 12, 2016 in Blog | 0 comments

It is very interesting to note Gartner’s prediction that by 2017 the Chief Marketing Officer (CMO) will be spending more on technology than CIOs. It reflects the changing nature of business as companies continue to evolve and digitise. In reality, the CMO engages the business’ target market through a number of platforms including websites, automated marketing platforms and Customer Relationship Management software. … and one could also add marketing resource management applications (MRM) as well as email marketing. The trick is that these applications – by definition – typically fall in to the realm of the CIO as they are all information platforms at the end of the day. The CMOs responsibility is to be the eyes and ears of the organisation, listening to the market and applying the right marketing tactics at the right time, for the right reason. Balancing the interests of marketing technology companies, owning the budget and acquiring the technology, with the intricacies of technology implementation and related risks is never an easy task. The CMO wants quick response and deployment of new technologies while the CIO is entrusted with keeping the data safe and secure – a process which does not always lend itself to quick on demand activation of a new system that needs to integrate with current backend systems. To this end many CMOs are placing cloud-based or hosted solutions in their budgets and as a result are spending more on their technology deployments But who should have ultimate control? Justifying the budget and freedom over the tech sphere is specific to each organisation and industry. he decision needs to be made with the businesses primary objective in mind and where the budget lies must be with where the clients will be best...

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