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Not Every Fight is Worth Winning Alone
Rethinking Business Rescue Before It’s Too Late “This business is killing me.”It’s a line I’ve heard more times than I can count—quietly admitted in a
What It Really Takes to Be an Entrepreneur – with the Right Support
Entrepreneurship requires a unique blend of resilience, creativity, and strategic thinking. While these qualities are essential, having the right support in the areas of financial
Turning your services business into an asset of value
Transforming a one-person service business into a sellable asset requires a strategic approach. Key steps include focusing on core strengths, building a strong professional network,
A comprehensive tax guide for new businesses in South Africa
Starting a new business can be challenging, especially when it comes to understanding tax obligations. Sage has prepared an invaluable guide to help new entrepreneurs
Why your business should not be your retirement plan
Many small business owners view their businesses as their main retirement nest egg, but relying solely on selling the business or passing it to family
The Case for Client Accounting Services: Questions Every Business Owner Should Ask
As a business owner, it’s crucial to ensure that your financial management practices are robust and reliable. Ask yourself the following questions to evaluate your
Getting the right level of control
As organisations develop, they face many challenges. One of these is implementing the right level of control. This requires paying attention to behaviours, systems, structures,
What Type of Entrepreneur Are You?
Entrepreneurship is a diverse landscape, encompassing various types such as visionary, social, serial, tech, solo, and mompreneurs, each with its own set of characteristics, industries,
Recognising Signs of Business Distress and Taking Timely Action
In the world of business, challenges and setbacks are inevitable. However, it is how we respond to these challenges that can make all the difference
South Africa’s Informal Economy Attracts JSE-Listed Companies Amid Strong Growth
South Africa’s informal economy has grown significantly, attracting JSE-listed companies seeking new revenue streams. This sector, crucial for job creation and supplementing incomes, has an
SARS announces 2024 Filing Season
Here are the dates for the 2024 Tax Season: Individual Taxpayers: 15 July 2024 to 21 October 2024 Auto Assessments: 1 July 2024 to 14
Navigating SARS Tax Changes: The Importance of Using a Registered Tax Practitioner
The South African Revenue Service (SARS) has introduced significant changes for the 2023 filing season affecting personal income tax returns, trust tax returns, and PAYE
SARS Penalties: Beware
SARS imposes various penalties for non-compliance with tax regulations, which can be significant and severe. These include: 1. Administrative Non-Compliance Penalties: Applied for failures such
SARS NONCOMPLIANCE PENALTIES
Penalty Type Description Calculation Failure to Submit a Return or Document Penalty for not submitting required returns or documents on time. Calculated monthly until compliance,
VAT Capitec vs. SARS: VAT implications clarified
The essence of the court’s finding in the Capitec case revolves around the determination that the provision of free loan cover by Capitec was not
Sars’s AI-enhanced audit capabilities TAXPAYER BEWARE
The South African Revenue Service (Sars) has intensified its audit efforts, leveraging AI technology to scrutinize taxpayer records more comprehensively. Historically compliant taxpayers are now
