The next deadline for provisional tax is just around the corner.
How profitable is your business this year?
Preparing your provisional tax return is a good time to assess the profitability of your business. Ask the questions:
Is the business making a profit?
If your business is making a profit at the end of July 2013, this is a good sign for the year end results. Does the profit fall within the targets you have set? Consider the budget you have for the year and whether you are going to be able to maintain or improve your profits. Set new targets.
Is the business making a loss?
A loss in your income statement may be great for saving tax but a loss is not what you want. Rather make profits and save for the tax. One forced saving is paying provisional tax. Turn the loss into a profit by tackling the tough questions. What is causing the loss? Don't look at the obvious indicators e.g. fewer sales. Dig deeper. Why is income not covering your fixed costs? Are the markups on products correct to cover both fixed and variable costs? Is your marketing team performing? What expenses can be cut? What expenses need to increase to bring in more income? Now is a good time to turn the company around and work at making a profit for the year.
What is our strategy?
Use this time of preparing provisional tax as a strategy tool to assess profitability for the year. Correct your budgets and targets.
Your business can make profit.
Kindly shared by Sheldon Conway of Business Soul Accounting in Hilton, KZN.
Hilarity amidst ludicrous costumes and jovial accusations were rampant at last night's HiltonVillage.co.za business network meeting which followed a very social, murder mystery theme. Hosted by
Nelson Rholihlahla Mandela is a struggle giant and an icon of global proportion that transcends all borders and appeals to everyone across all walks of life. His historical association with uMgungundlovu District Municipality contributed and shaped the democratic, modern day South Africa that we live in today. This has made the District Municipality one of the critical nerve centres of the struggle against apartheid.
St Anne's girls looking gorgeous at their Fifth Form Formal held on 16 August 2013 in the College Dining Hall. From left Xolisa Magwentshu, Tayla Bird, Sarah Thatcher, Annabel Rattray, Julia Church and Siphesihle Sokhela.
Late yesterday afternoon (Thursday) one of our Grade 9 boys, Chris Loxton, had a seizure, while hiking in the Drakensburg mountains as part of a school Outward Bound excursion. After specialist medical advice had been sought, a decision was made to evacuate him from the mountains. A 4 X 4 ambulance was dispatched from Underberg to collect the boy and to transfer him to a hospital in Pietermaritzburg. He was accompanied in the ambulance by two Paramedics. During the transfer, he suffered repeated seizures and his condition deteriorated to such an extent that the medical team was unable to save him. Tragically he passed away during the early hours of this morning. Chris is survived by his parents and a brother. He was a special, happy and well-integrated member of our school and we are all absolutely devastated at his passing. The entire Hilton College Family will, however, stand together to pray for, comfort and support his family and friends.
A very enthusiastic high school bunch set off for Roselands Adventure Centre on the 22nd of July. Upon arrival, the staff at Roselands introduced themselves and gave a very informative talk. However, if anything was absorbed by over eager minds and bodies, we can but only wonder?
This is 
The following announcement took place from the Headmaster of Hilton College:
There has recently been an outbreak of Hand, Foot and Mouth Disease (HFMD) in Hilton and surrounds. (Not to be confused with Foot and Mouth Disease which is found in animals). So what is HFMD?
On arrival at
On Thursday evening the club house reverberated to the happy strains of "They are jolly good fellows" as members sang lustily to Rob Tosen and Jean Ramsay after they had announced that they had married on Wednesday. Heartfelt congratulations and our best wishes for continuing happiness together.
At the end of Cherry Lane, behind the Hilton Hotel, the
It is with a very heavy heart that I update you on the extent of Xilombe Tlakula's (Grade 9 Hilton College) injury that I reported yesterday. Unfortunately the nature of the injury to Xilombe's right arm left the doctors with no alternative but to amputate at the elbow. He underwent extensive surgery last night and my latest news is that he is out of theatre and in a stable condition. I am sure that you will all join me in praying for Xilombe and his family at this traumatic time.
At the committee meeting last Saturday, Etzet Nuss was accepted as a member of our club. Welcome Etzel and may you enjoy many happy years bowling with us. On the subject of new members, we will be running a Bowls Awareness Day on Sunday 1 September. Everyone is welcome and we invite those who would like to experience the game to join us. Further details will be published in this column.
We recently shared a tale about the inaugural polar bear mission a local accountant, namely 
Women's Day was celebrated in style at