Being in business can sometimes feel a little like running a race. There is a fear that if you aren't moving forward, you are somehow falling behind. This sense leads to business leaders constantly sniffing out new opportunities, and trying to develop, create and grow new avenues of income for their company in the hopes that being diversified may help make them immune to imagined economic crises of the future. Leaders may therefore be surprised to discover that while finding new areas for growth can ultimately help a company it is not always the best solution. 

Beware of unnecessarily innovating, branching out and pushing boundaries which in turn can mean the obvious choices or otherwise smart decisions may be missed. Here are the reasons that keeping things simple, can be the best solution for your business.

There are many ways in which taxpayers can find themselves owing SARS a tax debt, and this is an issue that cannot be postponed or ignored – immediate action is required to prevent SARS from exercising their wide powers of debt collection.

In this article, we look at how tax debts arise; how taxpayers are notified; what your options are when you don’t dispute the tax debt but can’t pay; and what must be done if you do want to dispute the tax debt. There are, fortunately, ways for taxpayers to make a payment arrangement, request a compromise, and ask for a suspension of payment during a tax dispute, all of which are best addressed with professional tax assistance to avoid SARS’ debt collection process. 

Starting a business is often a lonely process. In the beginning you are doing it all, from registering the company to meeting with clients, putting together presentations and managing stock. As the company grows it then becomes necessary to start giving some of these tasks to other people to ensure everything can get done and it's at this stage that business owners need to learn the subtle art of letting go of full control. As the company grows even further it's going to be essential that more and more important tasks are taken out of the hands of the company founder and given to employees to do, but this doesn't mean the founder no longer has a say in what happens.

The transition from doing to leading is probably one of the most important steps a company founder will take and like any other skill it can be learnt. Here is how.