Lately it feels like two sentences keep on repeating itself in my conversations with clients and business partners:
- It is nearly impossible for the ordinary man to take care of his or her own tax affairs; and
- Compliance and back-office administration have become so onerous that business owners actually don’t get to focus their time on their core business.
Tax has become such a complicated field and the unfortunate consequence of this is the high cost of tax compliance and specialist advice to the taxpayer. Reading our article on Section 7C in this newsletter will give you some idea of the technicalities of tax, the changes in legislation and administrative procedure that we constantly have to update our knowledge on. Too often we have to help out taxpayers who chose to be penny wise pound foolish, which ended up costing them dearly.
Further to this, we all suffer from the burden of the multitude of compliance requirements and back-office administration in order to run a business in South Africa. It is not doing the growth of our economy any favours, but until things change for the better, the only option left to business owners is to manage this aspect in the most effective way. Delegating these responsibilities to a specialist service provider can end up adding more value to your business, and is worth considering.
With this in mind, we have renewed our focus on using IT and cloud technology to its full advantage in order to offer clients solutions that add value to their business. We strive for constant innovation, not only in terms of our services and resource offering, but also in business strategizing with clients for maximum benefits.
Our new P.S. personal story at the end of our newsletters aims to give a personal touch and behind-the-scenes background to our business and the people in it. We hope you enjoy reading it while getting to know the personality of Unik Professional Services. If you want to respond to or comment on any of our news items or other relevant information, please contact us at firstname.lastname@example.org or 022 – 482 1169, or join the conversation on our social media platforms on Linkedin, Instagram and Facebook.
Warm regards until next month.
P.(ersonal)S.(tory) I am wearing my mother’s pearls in this newsletter photo. She is one of the strongest, most generous and caring people I know. She has dedicated her life to her children and family, and still supports me on a daily basis so that I can be all I want to be. For me, these pearls are a symbol of her beauty and strength.
I dedicate Bette Midler’s song “Wind Beneath My Wings” to my beautiful, amazing, strong mother Andrea.
To all the mothers out there – happy Mother’s Day!