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In this page, we answer questions that small business and individuals have. See articles below?

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  • By admin
  • Sep 27 2023
Unearthed Gold: Transforming Dormant Companies and Defusing Tax Penalty Time Bombs

In our extensive experience as accountants and business advisors, we frequently encounter individuals who have registered businesses for a variety…

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  • By admin
  • Aug 23 2023
Unlock Compliance with Ease: Navigate South Africa’s New Beneficial Ownership Laws with Our Expert Help!

From 1 April 2023, South African businesses must disclose their beneficial owners to the CIPC in line with the Companies…

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  • By admin
  • May 17 2023
Entrepreneurial Strategies for Overcoming Common Small Business Challenges

Statistics reveal that 50% of small businesses fail within two years of inception. One research conducted by the UWC indicates…

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  • By admin
  • Mar 17 2023
Personal Finance Myths: Separating Fact from Fiction

Some personal finance myths continue to persist despite being debunked time and time again. These myths can be harmful as…

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  • By admin
  • Jul 25 2022
What should you know about Auto Assessment?

What is an auto-assessment? An auto-assessment is an automatic assessment issued on taxpayers by SARS. This basically means that SARS…

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  • By admin
  • May 27 2022
What are the tax implications of trading or buying shares?

The tax implication for having shares boil down to two things, whether your gain is income in nature or capital…

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  • By admin
  • Jan 24 2022
What can I do if SARS ghosts/blue-tick me?

KEY TAKEAWAY POINTS: SARS has 21 business days to complete a verification They may finalise it with or without changes…

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  • By admin
  • Nov 15 2021
Basic deductions you can use to save on tax (how to get a tax refund)

The tax season is offically coming to an end for non-provisional taxpayers in the next few days. But, even if…

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  • By admin
  • Jun 24 2021
How to close a business in South Africa

Who should be reading this article?  Anyone whose business is no longer trading and wishes to wind it down Anyone…

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  • By admin
  • Jun 4 2021
Timely Financial Reporting/Financial Statements preparation

Financial statements are intended to meet the needs of decision-makers as well as providing useful information to shareholders.  As a…

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  • By admin
  • Jun 4 2021
Credit notes under scrutiny, are you complying?

What we have seen now is increased scrutiny of credit notes for compliance with the VAT Act. The main challenge…

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  • By admin
  • Jun 4 2021
How to hold SARS accountable

The office of the Tax Ombud was established to act as a bridging gap between SARS and the taxpayer. But,…

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  • By admin
  • Jun 4 2021
How to best qualify for a bond

Are you planning to buy a home, whether as a primary residency or as an investment? Buying a house can…

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  • By admin
  • Jun 4 2021
Are you ready to exit from your business?

Some people go into business with the aim of building a good business then sell it. Others spend years building…

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  • By admin
  • Jun 4 2021
How to avoid or reduce the risk of a SARS audit

By now we all know that SARS is looking to raise more tax revenue to make up for revenue collection…

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  • By admin
  • Jun 4 2021
Owing SARS, what are your options?

If you follow my posts, you would have come across one of my articles that dealt with the approach SARS…

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  • By admin
  • Jun 4 2021
How to guard yourself against being sued by SARS

Since April 2018, SARS has been cracking down on non-complying taxpayers in filing their tax return. Since April, SARS has successfully prosecuted…

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  • By admin
  • Jun 4 2021
6 Key factors to consider when choosing an accounting software or a business App

It goes without saying, there are thousands of software and Business Apps available on the market and on the internet.…

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  • By admin
  • Jun 4 2021
How to pay for your house (bond) quicker

Do you want to know how to get fewer years to pay off your first property or how to pay…

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  • By admin
  • Jun 4 2021
Why accountants should see themselves as doctors to their clients

Imagine your business takes a visit to the doctor. Now imagine this doctor is an accountant, your business advisor or…

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  • By admin
  • Jun 4 2021
How do you run effective remote meetings?

Send an agenda in advance to all who will be taking part in the meeting. Take time to prepare for…

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  • By admin
  • Jun 4 2021
What happens if you do not pay VAT on time?

Introduction:  The past few months and weeks have been difficult for businesses in terms of cash flow management. This is…

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  • By admin
  • Jun 4 2021
Your personal data-room

Your personal data room is a place where you keep all your important documents, whether online or in a physical…

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  • By admin
  • Jun 4 2021
Is SARS always right? What if I do not agree with their assessments?

Many of us see SARS as that horrible master who just wants to take our money at every opportunity possible,…

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  • By admin
  • Jun 4 2021
Why do Small businesses fail?

According to statics, 50% of small businesses fail within 24 months of launch. According to research and report by the…

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  • By admin
  • Jun 4 2021
What does a SARS completion/verification letter mean?

What is a verification:  Being selected for an audit and verification are two different processes. With a verification, SARS is…

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  • By admin
  • May 30 2021
What you need to know if you are earning foreign income

Key takeaway points:   1. Before 1 March 2020, all foreign income (as defined) was exempt 2. After 1 March…

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  • By admin
  • Jan 10 2021
What are and how will the new WhatsApp terms and conditions affect you or your business?

New WhatsApp terms and conditions will come into effect on 8 February this year. Before you click on “Accept” let…

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  • By admin
  • Nov 28 2020
Can you take money out of South Africa?

Some questions you may have about getting money out of South Africa may include: What are the tax implications of…

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  • By admin
  • Nov 28 2020
Is there VAT on residential property?

Can you charge VAT on residential property? Let’s get straight into it. There is no VAT on residential property. This…

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  • By admin
  • Nov 7 2020
Why accountants should see themselves as doctors to their clients

Imagine your business takes a visit to the doctor. Now imagine this doctor is an accountant, your business advisor or…

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  • By admin
  • Oct 4 2020
I received a final letter of demand from SARS. I can’t pay them, what must I do?

Taxpayers are required to be fully compliant in all their tax matters by submitting and paying their taxes on time.…

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  • By admin
  • Sep 9 2020
BLOCKCHAIN TECHNOLOGY AND BUSINESS :

WHAT IS BLOCKCHAIN TECHNOLOGY?  Blockchain technology was initially developed by a person or group of people who called themselves Satoshi…

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  • By admin
  • Aug 30 2020
HEADSPACE – DO YOU HAVE TIME TO GROW YOUR BUSINESS?

This could be the number one reason why we can’t grow our business, we don’t have time to grow our…

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  • By admin
  • Aug 23 2020
Can technology give businesses a strategic competitive advantage?

The world is changing and technology is slowly taking over. Does technology give you a competitive edge over other businesses?…

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  • By admin
  • Aug 2 2020
Can I deduct home office expenses?

These days the work culture has changed. Since lockdown was introduced. Some companies had to close shop and some employees…

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  • By admin
  • Aug 2 2020
Is rental income taxable in South Africa?

What is rental income?  Rental income arises when one rents out a portion of their home or when they entirely…

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  • By admin
  • Jul 26 2020
When can I submit my SARS tax return?

Tax evasion is a crime which can see you spend a few of your days in prison. We are talking…

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  • By admin
  • Jul 25 2020
The Forward-looking Accountant

Technology is taking over some routine tax and accounting tasks. This means accountants now need to make the move to…

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