For the first time in 25 years, the Treasury Department announced a 1% increase in VAT from 14 to 15%. The VAT increase was necessitated by the need to close the budget shortfall of R48.2-billion. The shortfall was largely due to failure by (SARS) to meet tax collection targets. Also, from an economic pint of view, … Read more
Some people go into business with the aim of building a good business then sell it. Others spend years building their businesses so that they may leave something for their children. Whatever the intention, it is clear that at some point one will exit their business. Even though the idea of you exiting your business … Read more
Are you planning to buy a home, whether as a primary residency or as an investment? Buying a house can be an expensive investment. Often than not, one will need finance assistance to make the dream of buying a house a reality. This is because buying a house out of your own money is nearly … Read more
A few years ago I worked as a supervisor for a local cleaning company. I had gotten comfortable in my role. But, as a holder of a banking degree from my home country, I had been hoping I would grow within the company. I had started studying towards an Accounting degree, with the hope of … Read more
Did you know that SARS has the power to deduct money from your account, even without you knowing? So now you see, even that greedy landlord of yours is nothing compared to SARS. The SARS administration Act gives SARS the power to reach into your account, by instructing your bank, to allow them access to … Read more