Workplace stress does not just end at the office but affects a person after hours even more. For those working remotely, this is their biggest nightmare.

It is all one major rush to get things done and the next thing you know, it becomes a snowball of rushing…rushing and just more rushing.

Even when you aren’t working, your brain can not shut the “work thoughts” down, leaving you with a restless night and a tired, overloaded brain the next morning.

We forget to take a step back and have that “Work-Life balance” that we’ve always wanted.

Some days go by and you wonder how you got to where you are.

Will I achieve the actual goal I had coming into this?

Is it all worth it in the end?

I can tell you, that you are not alone and that at some stage we all face this reality as demand and expectations are ever greater than what we have to offer.

Below are a few causes of stress in the workplace:

• Workload
• Deadlines
• Hours of work
• Skills
• Job security (Retrenchments)
• Lack of training
• Poor communication

Ways we can deal with the causes of stress in the workplace:

• Prioritize tasks
• Be confident
• Have boundaries in place
• Communicate
• Suggest good training programs
• One thing at a time
• Recharge and switch off

Workplace stress can cause major mental and physical health problems, which could require you to seek medical attention if not dealt with soon enough. As soon as you feel anxious or show signs of stress you need to act in the interest of your own health immediately.

There is a solution to that. Consider outsourcing the function. Such a service will allow you to concentrate on your core business and making key strategic decisions for the future.

Highlighting 5 reasons to outsource your business’ accounting function:

1. Lower Cost

The service is paid for monthly at a fraction of the cost of employing an individual with the required set of skills.  The service will allow access to individuals with a proven set of skills.

2. Compliance

Stay compliant with SARS CIPC, Workman’s Compensation and all other regulatory authorities. Avoid harsh penalties by always being compliant.

3. Time

Free up time to focus on your core business by transferring the administration of accounting functions.  This frees up time to strategize.

4. Access

Access to the latest technology, expert advice and data for decision making. The added benefit of real-time access to data is the interpretation thereof. That service is available to you and risks can be highlighted early.

5. Reduced risk of fraud

Separation of duties will reduce the risk and opportunity of fraud.

In a nutshell, Corporate Social Responsibility is a broad term which describes a business’ efforts to uplift or improve society. As a philosophy, Corporate Social Responsibility maintains that businesses are members of the society they operate in (corporate citizens), and are therefore accountable to society for their actions

The goal of Corporate Social Responsibility is to ensure that communities affected by a company’s operations will enjoy socio-economic benefits. It seeks to ensure that individuals, communities, and society at large will benefit.

Corporate Social Responsibility ensures that companies conduct business ethically and responsibly.

This means that you need to consider the impact of your business operations on society, including things like:

• Your company’s carbon footprint and environmental impact
• Your company’s impact on the South African economy
• Human rights and the promotion of positive change (e.g. addressing cultural and social issues)

4 types of corporate responsibilities your business can practice

1. Environmental efforts: One primary focus of Corporate Social Responsibility is the environment. Businesses, regardless of size, have large carbon footprints. Any steps a company can take to reduce its footprint is considered good for both the company and society.
2. Donations: Businesses can practice social responsibility by donating money, products or services to social causes and nonprofits. Larger companies tend to have plentiful resources that can benefit charities and local community programs; however, as a small business, your efforts can make a big difference. If there is a specific charity or program you have in mind, reach out to the organization and ask them about their specific needs and whether a donation of money, time or perhaps your company’s products would best help them.
3. Ethical labor practices: By treating employees fairly and ethically, companies can demonstrate Corporate Social Responsibility.
4. Volunteering: Participating in local causes or volunteering your time (and your staff’s time) in community events says a lot about a company’s sincerity. By doing good deeds without expecting anything in return, companies can express their concern (and support) for specific issues and social causes.

Veritas Rekenmeesters – Accountants CC practices Corporate Social Responsibility.

On Friday 14 August 2020, Veritas Rekenmeesters – Accountants CC initiated a drive to donate to Centurion Hospice and Huis Gideon.

Centurion Hospice

“Centurion Hospice is located in Lyttelton, Centurion and serves the communities of Centurion, Midrand, Laudium, Olievenhoutbosch and surrounding areas.  We provide palliative care including symptom and pain management, grief and bereavement support through a team of professionally qualified nurses and social workers.”

House of Gideon

“The main purpose of House Gidoen Foster Home is to provide security and stability to traumatized children who are victims of abuse and neglect.  We take these children in and care for them in a setting that is as close as possible to a normal family structure. Here they can attend school, do homework, play sport and learn to be a child.  They also receive support in the form of therapy and unconditional love which provides them with the opportunity to experience stability, and to learn to trust others again.”

Belinda Barthram de Magalhaes and Nandoux Vermeulen on behalf of Veritas Rekenmeesters – Accountants CC went to Centurion Hospice and House of Gedeon to make the donations. We would like to thank everyone who made this possible and for the opportunity to give back to the community.

Veritas Rekenmeesters – Accountants CC has also been donating to Solidariteit as well as Radio Kansel for the past 10 years.

We would like to inform you of the Provisional Tax Return 2021/01 which is due by 31 August 2020. This is for the period 1 March 2020 – 28 February 2021.

During these difficult financial times, we would like to provide you with an accurate provisional tax calculation, as well as adequate time, to prepare for a tax liability which might be due.

We are also pleased to inform you that SARS allowed relief, to assist compliant taxpayers with cash flow.

The first provisional tax payment for the 2021 tax year, due on 31 August 2020, will be based on 15% of the Estimated Total Tax Liability

The second provisional tax payment for the 2021 tax year, due on 28 February 2021, will be based on 65% of the Estimated Total Tax Liability The third provisional tax payment due, or Final Assessment, will encompass the final 35% of the Total Tax Liability

Kindly Contact Veritas Accountants Should you require any assistance with calculating your Provisional Tax: taxadministrator@veritasacc.com

“Veritas will confirm that all relevant tax deductions were indeed considered in your auto assessment.”