Hodkinson Incorporated – Page 4 – Hodkinson Incorporated

“Invisible Work”: 3 Labour-Intensive Things Customers Will Never Pay For

Many small business owners fall into the “do it all” trap. You start with passion, but soon find yourself buried in tasks that have nothing to do with why you launched your venture. This leads to chronic burnout. You are busy, but are you productive?
This feeling of being overwhelmed often stems from a failure to distinguish between being busy and making progress. That’s why you have to identify the “invisible work” that consumes your energy without ever appearing on a customer’s invoice or adding real value.

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Tax

Annual Employer Tax Recon Due End May

The Annual Employer Reconciliation Declaration (EMP501) remains a focus area for SARS. Employers have until the end of May to submit their declarations for the period 1 March 2025 to 28 February 2026.
We invite you to rely on our expertise to ensure compliance with this legal requirement, as submitting incorrect or incomplete declarations (or missing the deadline) will cause additional work, penalties, delays and hassles for you and your employees.

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Business, Tax

When Growth Is a Tax Problem

Growth feels like progress. Sales increase, staff numbers rise, and profit improves. Yet each of these shifts changes your tax position. Here we examine how business expansion can trigger VAT obligations, higher provisional tax payments, payroll risk, structural strain, and cash flow pressure. Then we discuss what small business owners should address before growth creates avoidable tax exposure.

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Tax

New VAT Thresholds: Thinking of Deregistering?

The recent increases in the compulsory VAT registration threshold to R2.3 million and in the voluntary registration threshold to R120,000 are widely welcomed. It will certainly ease the administrative burden on small businesses and the strain on their cash flow. Businesses that do not exceed the higher threshold on 1 April 2026 may apply to deregister for VAT. But be certain to rely on our expertise when making this decision, as it’s fraught with potentially costly consequences.

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Business

How to Create a Team Building Experience That Really Works

While on the surface they are just a spot of fun, team building exercises are actually a strategic investment in your business culture and performance. Done well, team building strengthens communication, fosters trust, and boosts morale. Done poorly, it feels like a forced afternoon that costs money and delivers little. As a small business owner, you need team building events that produce tangible improvements. Here’s how to do that.

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Tax

15% Global Minimum Tax (GMT) Goes Live at SARS

The global minimum tax (GMT) – called an “agreement that will really change the world” – will be implemented in South Africa by SARS in 2026/27. While it may not impact your business directly, it should ultimately reduce your share of the tax burden by ensuring all multinational enterprises (MNEs) contribute their fair share of local taxes. SARS is actively preparing and the GMT registration and notification functionality on the eFiling platform went live on 16 March 2026. Find out here why specialist advice will be ever more important for local and global taxpayers in South Africa.

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