Brendmo Chartered Accountants, Author At Brendmo Chartered Accountants

02 Aug 21

5 Most Common Tax Pitfalls That Small Business Owners Should Avoid

Brendmo Chartered Accountants

This article will identify five common tax pitfalls that many small businesses, especially newly established ones, overlook. This situation is because the owners of these companies often do not have tax expertise, or they are unwilling to use a professional to ensure that their tax affairs are in place. Small…

12 Jul 21

13 Reasons Why Bookkeeping Services Are Important

Brendmo Chartered Accountants

Bookkeeping is important for helping you maintain accurate financial records. Yet still, many businesses fail to implement this integral process. Besides the fact you are required under law to maintain accurate books and records, doing so will save you frustration later on. In fact, “poor accounting” is one of the…

21 Jun 21

2022/2023 Individual Income Tax Guide in South Africa

Brendmo Chartered Accountants

Taxes can be a confusing subject to many people — what is individual income tax, are you required to file your taxes yourself, when does SARS expect you to file your tax returns, what happens when you don’t file your individual tax return, etc. These are some of the questions…

14 Jun 21

7 BIG Tax Mistakes Business Owners Make & How to Fix Them

Brendmo Chartered Accountants

In this article, I’ll be going over the biggest tax mistakes that I see small business owners in South Africa make that not only cost them time but also money. Now I completely understand that if you’re reading this article chances are you’re not an accountant or tax practitioner and…

07 Jun 21

Tax Guide for SMEs – Everything You Need to Know to Avoid SARS Penalties

Brendmo Chartered Accountants

In this article, I’ll be going over everything you need to know about tax filing for your business and avoiding South African Revenue Service (SARS) penalties. Your business has tax requirements that must be met in order to comply with SARS and avoid unnecessary penalties and interest from SARS. Just…

31 May 21

3 Tips Business Owners Can Use to Pay Less in Taxes in South Africa

Brendmo Chartered Accountants

There is no way to avoid paying tax, and it is essential to submit your tax returns to SARS on time to avoid late submission penalties. We call late submission penalties fruitless and wasteful expenditure. However, you can plan and save on your tax bill with allowable tax deductions and…

24 May 21

3 Reasons Why Your Business Needs A Chartered Accountant

Brendmo Chartered Accountants

One of the main causes of SMEs failure is poor financial management. Many entrepreneurs or business owners take it upon themselves to ‘run the books’ hoping to save more money. However, a wide range of case-studies show that the benefits of professional bookkeeping and accounting services can be essential to…

17 May 21

A Simple Guide To VAT Registration in South Africa

Brendmo Chartered Accountants

Thank goodness SARS introduced e-filing in 2003. Before then, many of you might still recall the daunting mission of having to physically go into their offices with all the required information and wait in long queues for your VAT registration to be processed. If VAT registration is a completely new…

03 May 21

Laws Affecting Small Businesses In South Africa

Brendmo Chartered Accountants

Before you start a small business it’s important to know what legislation your business needs to comply with and how it impacts your business. One of the essential auditing and accounting services we offer our clients is the review of legislation and the effects of such legislation on the clients’…