When, Why and Whose Jobs You Should Be Outsourcing
20 April 2022
“If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.” (Lee Kuan Yew, Former Prime Minister of Singapore) Launching a business requires the small business owner to wear many hats. From marketing, to accounting and HR the small business owner needs to learn...
What The New Employment Tax Incentive Limits Mean for Your Business
13 April 2022
“Since the unemployment rate in the Republic is of concern to Government; and since Government recognises the need to share the costs of expanding job opportunities with the private sector…” (Preamble to the Employment Tax Incentive Act 26 of 2013 [ETI Act]) During Finance Minister Enoch Godongwana’s 2022 Budget Speech,...
Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners
16 March 2022
“Every advantage has its tax.” (Ralph Waldo Emerson) An unfortunate reality for many non-provisional taxpayers with multiple income streams is a large and unexpected tax liability following a year-end tax assessment – even though PAYE was paid each month on their income streams. Taxable income streams include salaries and wages,...
SARS Makes SMME Tax Compliance Easier
09 March 2022
Tax complexity itself is a kind of tax” (Max Baucus) NOTE: Bear in mind that although many of the resources mentioned below are addressed by SARS to you as a private taxpayer, there is just no substitute for professional advice and assistance when it comes to matters of tax. “SMME...