Our Blog
Letter of Demand from SARS? Handle With Care!
“A senior SARS official may authorise the issue of a notice to a person who holds or owes or will hold or owe any money, including a pension, salary, wage or other remuneration, for or to a taxpayer, requiring the person to pay the money to SARS in satisfaction of the...
Small Businesses: Reap the Benefits of Cashless Transactions
“Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed” (Chair of the Federal Reserve of the United...
How to Build Your Business with Freelancers
“The gig economy is empowerment. This new business paradigm empowers individuals to better shape their own destiny and leverage their existing assets to their benefit” (John McAfee) The modern world of work was already changing by the time Covid-19 hit. The “gig...
Crypto Assets and Tax – From the Horse’s Mouth
“The future of money is digital currency” (Bill Gates) If you are thinking of buying – or have bought – any “crypto asset” such as a crypto currency like Bitcoin, Ethereum, Polkadot, Solana (or any of the many other crypto currencies springing up all over the...
Your Tax Deadlines for October 2021
7 October – Monthly Pay-As-You-Earn (PAYE) submissions and payments25 October – Value-Added Tax (VAT) manual submissions and payments 28 October – Excise Duty payments 29 October – Corporate Income Tax (CIT) Provisional Tax payments where...
Emergency Tax Relief: Is Your Business Eligible and What Should You Consider?
“SARS will implement these tax relief measures because compliant taxpayers have paid their fair share of tax, making it possible for government to provide such a temporary safety net in a time of extreme difficulty” (SARS) Battered by national lockdowns of varying...
Business Combinations: A Path to Exponential Growth and Profitability?
“If everyone is moving forward together, then success takes care of itself” (Henry Ford) Initiating, setting up and launching a new, typically, small business is a challenge and can be a lonely journey to growth and, hopefully, success. Could developing a...
The Top 5 Leadership Skills Every Entrepreneur Needs
“The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.” (John Maxwell) To be a good leader in the small business environment a person needs to possess a variety of skills, understand themselves and recognise...
SMEs and Microinsurance: Benefits and Risks
“Do you know the difference between education and experience? Education is when you read the fine print; experience is what you get when you don’t” (American singer and social activist, Pete Seeger) Microinsurance refers to an area of cover made accessible to...
Your Tax Deadlines for September 2021
07 September – Monthly Pay-As-You-Earn (PAYE) submissions and payments23 September – Value-Added Tax (VAT) manual submissions and payments29 September – Excise Duty payments30 September – Corporate Income Tax (CIT) Provisional Tax payments where...
Five Most Common Tax Pitfalls That Small Business Owners Should Avoid
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...
Everything You Need to Know to Avoid SARS Penalties | Guide for SMEs
In this article, I’ll be going over everything you need to know about tax filing for your business and avoiding SARS penalties. If you’re a new business owner or thinking about starting a business for the first time, or if you already have a business and want to make...